Tennessee

Dwight Mortgage Trust Provides $53M Refinancing for South Banks Apartments in Knoxville

by John Nelson October 22, 2025

KNOXVILLE, TENN. — Dwight Mortgage Trust has provided a $53 million bridge loan for the refinancing of South Banks, a 230-unit, garden-style apartment community located in Knoxville. The community, which comprises 118 one-bedroom apartments and 112 two-bedroom units, is situated along the Tennessee River near downtown Knoxville and the University of Tennessee. The property also features 3,000 square feet of commercial space, a fitness center, saltwater pool, outdoor kitchen, resident lounges, coworking spaces and a rooftop gathering area. Josh Hoffman and Jonathan Pomper of Dwight Mortgage Trust originated the loan on behalf of the owner, locally based Dominion Group.

October 22, 2025

Loans Self-Storage Southeast Tennessee

Affinius Capital Funds $17.3M Refinancing for Self-Storage Portfolio in Metro Nashville

by John Nelson October 22, 2025

GALLATIN AND SPRING HILL, TENN. — Affinius Capital has provided a $17.3 million loan for the refinancing of a two-property self-storage portfolio in the Nashville suburbs of Gallatin and Spring Hill. Storelocal operates both facilities, which total 1,341 units. Amit Tyagi and Andy Bratt of Gantry arranged the loan on behalf of the borrower, Pruitt Investments. Each property features drive-up entry, climate-controlled units, onsite management, controlled gate access with keypad entry, a leasing office and 24/7 digital surveillance.

October 22, 2025

Acquisitions Office Southeast Tennessee

Shorenstein Purchases 20-Story Office Tower in Nashville’s Gulch District

by John Nelson October 20, 2025

NASHVILLE, TENN. — San Francisco-based Shorenstein Investment Advisers has purchased 1222 Demonbreun, a 20-story, Class A office tower located in Nashville’s Gulch district. The 330,474-square-foot property was 97 percent leased at the time of sale and represents Phase I of the Gulch Union mixed-use development. The seller and sales price were not disclosed, but the property was delivered in 2020 by a joint venture between Austin-based Endeavor Real Estate Group and Dallas-based Granite Properties. 1222 Demonbreun’s amenities include an indoor-outdoor sky lounge, 48-seat training room, fitness center, micro-market and more than 900 covered parking spaces.

October 20, 2025

Acquisitions Office Southeast Tennessee

Cushman & Wakefield Commercial Brokers Sale of 90,723 SF Office Portfolio in Kingsport, Tennessee

by John Nelson October 15, 2025

KINGSPORT, TENN. — Cushman & Wakefield Commercial Advisors has brokered the sale of a three-property office portfolio in Kingsport, a city near the Tennessee-Virginia border. The properties — 4, 7 and 8 Sheridan Square — span 90,723 square feet combined and serve the Bristol-Johnson City-Kingsport region. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors, along with Miguel Alcivar of Cushman & Wakefield, represented the seller, Raptor Realty Investments 7 LLC, in the transaction. Gary Heeseman of Franklin Street represented the buyer, a locally based investment group doing business as AG Commercial GP.

October 15, 2025

Development Industrial Southeast Tennessee

Stream Realty Breaks Ground on 1.1 MSF Industrial Development in Lebanon, Tennessee

by John Nelson October 14, 2025

LEBANON, TENN. — Stream Realty Partners has broken ground on Central Pike, a two-building industrial development in Lebanon that will span approximately 1.1 million square feet. The property is situated on an 89.2-acre site in Wilson County, roughly 30 miles east of Nashville, with immediate access to Tennessee State Route 109 and I-840. Building A at Central Pike will be a 355,982-square-foot, cross-dock facility with a 130-foot truck court, 80 trailer parking spaces, 40-foot clear heights and an ESFR sprinkler system. Building B will total 724,146 square feet and also include a cross-dock configuration, 130-foot truck court, 177 trailer parking spaces, 40-foot clear heights and an ESFR system. Rob Lowe, Dale Todd, Drue Stoehr and Mitch Kingsley of Stream Realty Partners are spearheading the development of Central Pike, the firm’s first industrial project in the metro Nashville market. Cushman & Wakefield is handling the leasing assignment, and Mycon Construction is serving as the project’s general contractor. Central Pike is slated to come on line in first-quarter 2027.

October 14, 2025

Development Hospitality Southeast Tennessee Top Stories

Oracle Partners With Nobu Hospitality on $1.2B Nashville Headquarters Campus

by Taylor Williams October 13, 2025

NASHVILLE, TENN. — Oracle Corp. (NYSE: ORCL) has partnered with Nobu Hospitality, a Miami Beach, Fla.-based operator whose concept is rooted in Japanese culture, for a new hotel and restaurant on its new corporate headquarters campus in Nashville. According to local media outlet The Tennessean, Oracle’s Nashville project is valued at roughly $1.2 billion. Designed in collaboration with architecture firm Foster + Partners, the new hotel will feature 120 rooms and suites. Guests will have access to a Nobu restaurant on the lobby level, as well as flexible meeting and event spaces for both intimate gatherings and larger occasions. The hotel will also offer a lobby café, fitness center and spa facilities and a rooftop infinity rooftop pool with curated food-and-beverage service. “We’re excited to bring the Nobu lifestyle to Nashville’s East Bank, a vibrant district ready for growth,” says Trevor Horwell, CEO of Nobu Hospitality. “After much anticipation and requests from our loyal Nobu customers, partnering with Oracle is a perfect match. Nashville’s rich culture and culinary scene make it an ideal home for Nobu, and we can’t wait to create a destination that embodies the city’s spirit and our unique experience.” Oracle, an IT company known for its …

October 13, 2025

Development Mixed-Use Office Restaurant Retail Southeast Tennessee

Joint Venture Opens 300,000 SF Mixed-Use Building at McEwen Northside in Metro Nashville

by John Nelson October 3, 2025

FRANKLIN, TENN. — A joint venture between Boyle Investment Co., Northwood Investors and Northwood Ravin has opened Block E, a new 300,000-square-foot mixed-use building in Franklin, a city in Nashville’s Cool Springs district. The nine-story, $125 million property is one of the anchors of the McEwen Northside mixed-use development. Block E features a modern training room, full-service fitness center, offices, ground-level retail space and a parking garage. Office tenants include TMPartners PLLC, also the project’s architect, and Designed Conveyor Systems, a supply chain company. Retail tenants include Culinary Dropout, Oak Hall and Hawkers Asian Street Food. In addition to TMPartners, the design-build team includes civil engineer Kimley-Horn and general contractor Hoar Construction. Northwestern Mutual partnered with Boyle Investment, Northwood Investors and Northwood Ravin on the project.

October 3, 2025

Loans Multifamily Southeast Tennessee

Embrey Secures Construction Financing for 296-Unit Luxury Apartment Community in Franklin, Tennessee

by Abby Cox October 3, 2025

FRANKLIN, TENN. — San Antonio-based Embrey has secured financing for Thatcher at Aureum, a 296-unit luxury apartment complex located within the master-planned development of Aureum in Franklin, a suburb in Nashville’s Cool Springs neighborhood. Garrett Karam and Brad Knolle of Embrey internally originated the loan through Texas Capital. Construction of the development will begin immediately, with first occupancies anticipated for third-quarter 2027. Thatcher at Aureum will span roughly 3.8 acres and will offer studio, one-, two- and three-bedroom floorplans. Residents will have access to a private clubhouse and lounge with micro-offices and conference space, a podcast studio, game room and grab-and-go market. Other amenities will include a resort-style swimming pool with a spa, private cabanas and grilling areas, as well as a rooftop terrace, gaming lawn, fitness center and yoga studio. The community will also feature a pet spa, pet park, bike storage, repair shop and a 24-hour package room with refrigeration. Additionally, the project will restore and preserve a historic stone wall on the site to commemorate the City of Franklin’s heritage.

October 3, 2025

Company News Seniors Housing Southeast Tennessee

Brookdale Senior Living, Largest U.S. Seniors Housing Operator, Names Nick Stengle as CEO

by John Nelson October 2, 2025

BRENTWOOD, TENN. —Brookdale Senior Living Inc. (NYSE: BKD), the country’s largest seniors housing operator, has named Nick Stengle as its new chief executive officer. Stengle will assume the role, as well as join the Brookdale board of directors, effective Oct. 6. Denise Warren, who has served as interim CEO beginning in April of this year following the departure of president and CEO Lucinda “Cindy” Baier, will step down and reassume her role as non-executive chairman of the board. According to Brookdale, Stengle’s selection was the result of a comprehensive search led by the board’s search committee. Stengle previously served as president and chief operating officer of Gentiva, a role he assumed in 2022. Gentiva, which employs more than 12,000 associates, provides hospice, palliative and home health services at 550 locations across 38 states. Prior to his tenure at Gentiva, Stengle served as executive vice president and chief operating officer for Sunrise Senior Living, leading community operations, sales, marketing and clinical operations for roughly 250 seniors housing communities. His experience also includes an 11-year career with the U.S. Air Force. “While I have enjoyed my time as interim CEO, I am confident Nick has the strategic acumen, vision and leadership skills …

October 2, 2025

Acquisitions Hospitality Southeast Tennessee

Hunter Hotel Advisors Facilitates Sale of 131-Room Courtyard by Marriott Hotel in Collierville, Tennessee

by Abby Cox September 23, 2025

COLLIERVILLE, TENN. — Hunter Hotel Advisors has negotiated the sale of the 131-room Courtyard by Marriott Memphis Collierville hotel located within the Carriage Crossing lifestyle shopping center in Collierville. Tim Osborne and Adeel Amin of Hunter facilitated the transaction and secured a $8.7 million bridge loan on behalf of the buyer, a Texas-based investor. The seller was an entity doing business as Southern Hospitality LLC. Situated near the FedEx World Technology Center, the four-story hotel includes 1,624 square feet of meeting space, an indoor swimming pool, fitness center and a full-service restaurant called The Bistro.

September 23, 2025

Newer Posts

Older Posts