Good News: HomeBuilder Confidence, West Nashville Apartments, & SoBro Restaurant

This Week in Tennessee News

Homebuilder Confidence Rises on More Potential Buyers
The Nashville Business Journal :: November 19, 2014
Construction
An increase in potential buyers touring model homes and more signed contracts to buy helped boost homebuilder confidence this month.
The National Association of Home Builders says its confidence index rose 4 points to a level of 58. Anything above 50 indicates that builders feel conditions are good. It has remained above 50 for 5 consecutive months, and the builder group expects…

West Nashville Apartment Complex Sold for $13M
The Tennessean :: November 17, 2014
Nashville Aerial
An affiliate of Nashville-based real estate private equity firm Covenant Capital Group has acquired Riverwood Apartments in west Nashville for $13 million.
Covenant purchased the 200-unit complex at 7388 Cabot Drive from an entity whose general partner is developer Robert N. Moore Jr.
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Riverwood becomes the latest community to change hands in a Nashville market some analysts have said is…
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Fresh Hospitality Plans Another Restaurant in Sobro
The Nashville Business Journal :: November 19, 2014
The Rutledge SoBro
Fresh Hospitality, the fast-casual restaurant group behind Taziki’s, Martin’s Bar-B-Que, and others, has another downtown property under contract as it looks to expand its empire.
The restaurant group has The Rutledge, a SoBro music venue, under contract, and the sale is expected to close in mid-December, according to Matt Bodnar, a partner in…

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