Posts tagged Knoxville
Caris HealthCare Buys Building for New Regional Offices
Apr 29th
An 18,000 SF, Class A office building formerly occupied by Community Tectonics Architects has been sold. Brokers handling the sale announced today that the former building was purchased by Caris HealthCare Services which will be occupying the building as their new Knoxville regional office. The buyer was represented by Maribel Koella CCIM, SIOR and Matthew Fentress RPA, CPM, CCIM of NAI Knoxville.
The property located at 10651 Coward Mill Road (near Hardin Valley and the Pellissippi Parkway) sold on April 26, 2013. The Seller was Master Builder Properties, LLC and the Buyer was Caris Healthcare L.P.
“NAI Knoxville is honored to have the opportunity to work with Norman McRea and the fantastic staff of Caris HealthCare Services in the acquisition of their new facility.” ~Maribel Koella CCIM, SIOR, and Principle Broker of NAI Knoxville
Regional Leaders Discuss Economic Competitiveness at PlanET Symposium
Feb 4th
Featured article from Knoxville-Knox County MPC News.
A maximum-capacity crowd of 250 registrants joined business, government and economic development leaders last week to discuss the region’s future competitiveness at ETcompetes!, a symposium hosted by PlanET and Knoxville-Oak Ridge Innovation Valley, Inc.
Held at the East Tennessee History Center on January 9, the event was moderated by Ted Abernathy, executive director of the Southern Growth Policies Board. Attendees and panelists engaged in a candid discussion of how East Tennessee can best position itself to compete in a global marketplace.
Responding to questions submitted by attendees, panelists shared their insights on topics ranging from preparing the region’s workforce to capitalizing on East Tennessee’s quality-of-life assets that are essential to attracting and keeping talent and industry. {read more}
NAI Knoxville’s Brian H. Tapp Honored
Jan 15th
Brian H. Tapp, CCIM has been awarded the 2012 Commercial Real Estate Broker of the Year by the Knoxville CCIM Chapter. This is the second year in a row that Brian has received this honor.
Thank you to the Greater Knoxville Business Journal and knoxvillebiz.com for their support and participation in the awards presentation.
Knoxville one of only 3 U.S. cities to see economic recovery
Dec 17th
(Reuters) – Retailers moving into old downtown buildings, an abundance of freshly planted greenspaces, and a stream of new jobs in Knoxville, Tennessee, are all signs to Mayor Madeline Rogero that for the last year prosperity has been blooming in her city.
“We feel very good about how we’re coming out of this recession,” Rogero said. “We see new interest. We see new development that’s occurring. We’re optimistic that this recovery is going to continue.”
Knoxville is a member of a very small club. Three and a half years since the 2007-09 economic recession ended, only three major U.S. metropolitan areas are experiencing an economic recovery, according to the Brookings Institution. {read more}
Knoxville Named Best City for Jobs
Mar 14th
According to an article published by Forbes magazine March 13,2012, Knoxville has been named one of the top cities for jobs this spring. Knoxville was tied for No. 1 with Greenville-Mauldin-Easley, S.C. [Forbes article]
Maribel Koella Honored
Jan 27th
January 26, Maribel Koella, Director of NAI Knoxville, was honored at a breakfast banquest by the March of Dimes as the 2012 recipient of the March of Dimes Commercial Real Estate Award.
Because of her hard work and dedication to the real estate industry and her support of numerous community and charitable organizations, the march of Dimes was pleased to honor Maribel with this distinguished award.
Apartment Complex in Fountain City SOLD
Dec 7th
The NAI Knoxville Multifamily Team of Steve Goldman, John Dempster and Roger Denny represented the seller in the listing and sale of the Evergreen Apartments, a thirty-unit, all-brick complex in Fountain City. The transaction closed on November 30, 2011, just 62 days from listing to closing. Several challenges were overcome in the process, including getting a new roof paid by the insurance company for the benefit of both buyer and seller. This took a true team effort by the buyer, seller and the agents involved. This brings to 357 the total number of units sold this year by the NAI Knoxville Multifamily Team.
Mini Case Study on Two Knoxville Apartment Sales in 2011
Jun 21st
Contributed by: Steve Goldman, CCIM & John Dempster, Brokers, NAI Knoxville
We thought you might be interested that on June 16, we closed on the sale of the Ashlandwood Apartments. This is a 79-unit complex very close to West Town Mall in west Knoxville. The buyer was the owner of the adjacent Briarcliff At West Hills Apartments. The sale included a short sale with a local bank and we acted as “facilitator agents” in the transaction.
This was a really tough deal to get done. And frankly, we are proud of getting through it successfully in 115 days from start to close. Here is a short case study on the transaction.
We learned Feb. 22 that the apartments were in foreclosure with an auction in three weeks. A commission agreement was worked out, which included permission to contact the lender regarding a possible short sale. We delivered a written offer on Feb. 25. It was a complicated deal due to the short sale negotiation, dealing with other secured property etc., but it ultimately led to a fully executed contract at $1,850,000 on 4/1/2011, including the necessary agreements with the lender. More >
