Our growing appetite for luxury - The Nashville Ledger

60 Pages·2014·11.02 MB·English

Tennessee TiTans UT fooTball
A different Some big
locker room cleats to fill
Titans say culture change Patience preached as UT
searches for QB, kickers &
already evident with
offensive, defensive linemen. See page 19
Whisenhunt in charge.
p19
p20
AP
Ledger
August 8 - 14, 2014
Vol. 40 | Issue 32
NASHVILLE EDITION
www.TNLedger.com
The power of information.
DaviDson • Williamson • sUmnER • ChEatham • RUthERFoRD Wilson RoBERtson • maURY • DiCkson • montGomERY • knoX • anDERson •BloUnt •sEviER | FoRmERlY westview sinCE 1978
SPECIAL EMPHASIS ISSUE: THE BUSINESS OF AUTOMOBILES
Our growing appetite for luxury
Page 13
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Section A - Page 2 www.TNLedger.com AUGUST 8 – 14, 2014
Middle Tennessee embraces luxury brands
By Joe Morris | Correspondent a customer base that wasn’t hit as hard giving up a spot on Franklin Road that Maserati-Rolls Royce Motor Cars-Bentley
by financial woes helped insulate luxury also had fairly high visibility. It brought of Nashville, says Tom Buckley, general
Even the sunniest of car salesmen
dealers. repeat customers with it, but also manager.
changes the subject when 2008 and 2009
That’s a point that could be argued – many new buyers thanks to Porsche’s “Maserati has really come to the table
are referenced.
these are salespeople, after all – but what’s introduction of new vehicles. with new products and lower prices, so
U.S. auto sales had
not being upsold is the state of high-end “The brand has expanded to areas on that side we’re seeing a lot of activity,”
slumped along with
car sales these days. it didn’t have before,” Escue explains. Buckley says. “Bentley also has some new
the economy, and
Just ask Jeff Escue, the general manager “Fifteen years ago, we had the 911 and the products out, and so that line is busy as
dealers were slashing
at Porsche of Nashville. Boxter. Now we have the Cayenne, the well.”
prices just to clear
Cover “Between our new location and the Macan, hybrids … we have more to offer, On his lot, buyers are trading in late-
inventory. It was not
Story brand performing the way it has, we’ve and we’re seeing a broader demographic model Mercedes, Porsche and BMW
a happy time in the
actually been up 30 percent year over of buyers thanks to that. vehicles to get into those new offerings.
HIgH ENd business.
AUTOMOBILES year,” Escue says. “We’re in a very good place right now.” “A few years ago, getting into a Maserati
Like its lower-priced
The dealership moved to its Mallory An expanded lineup coupled with lower was going to be around $133,000 at the
brethren, the luxury car market struggled.
Lane location in Brentwood last August, entry points also has been valuable for lowest end,” Buckley says.
But some within the high-end arena say
“Now it’s just shy of $70,000, and
that’s brought in a whole new customer.
They were buying cars in the $60,000
to $90,000 arena, and we never had
anything that could pay there.
“The economy picking up is certainly
helping, but we’re seeing a strong run
right now more to our new offerings than
anything else.”
That said, he does admit that the
Bentley, and its buyer, is pretty much the
same as it ever was.
“There, you’re talking about the
difference between
$220,000 and $200,000,
so it’s pretty much the
same buyer,” Buckley says.
“Now there’s a V8
offering, which is lighter
RELATEd
STORY and gets better mileage,
page 8 but with Bentley, it’s
the same person who’s
just going to move over into a different
product because it provides a little better
value.”
Owner loyalty has also served as a
buffer in rough times at Jaguar Nashville,
Quality late-model pre-owned import luxury vehicles where owners tend to stay with the brand,
but move into the newer models pretty
regularly, adds Rich Herstek, one of three
sales managers at the dealership.
At global Motorsports we eliminate pressure.
“The new-car market for us has been
In fact, simple and easy is how we choose to do business. exceptional, and we’re experiencing very
good back-to-back years,” Herstek says.
From the initial test drive to the final signature
“We’ve had remarkable vehicles, and
this year is superior to what we’ve had
you only deal with one person.
luxury >> page 11
“
With 4 boutiques to serve you:
…in 2010 it was like
flipping a switch.
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dEALErSHIp dEALErSHIp dEALErSHIp dEALErSHIp Everything was back to
5212 Harding Road 1504 Demonbreun St. 7116 Moores Lane 2222 Franklin Road normal almost overnight;
Nashville Nashville Brentwood Nashville
it bordered on bizarre. I
p.615.353.9333 p.615.248.2215 p.615.661.5512 p 615.463.7474
went from 60 percent of
previous income to all the
way back in one month. I
www.globalmotorsportsinc.com kept thinking that it was
going to be a fluke, but
it has held steady since.
We had two bad years,
and then everything was
Full Service Repair on ANY ANd ALL MOdELS
pretty much OK again.”
is available at our west Nashville facility. Call for details.
Rich herstek, sales manager at Jaguar nashville,
referring to the recovery after poor sales years in
2008 and 2009
AUGUST 8 – 14, 2014 www.TNLedger.com Page 3 – Section A
Autumn could be chilly Lessons from Apple
How is your
low inventory threatens
r
brand changing
fall real estate market
e
the world?
The Nashville real listing than to find homes for buyers. g
estate market has That’s now flipped, with each person
traditionally included two describing different buyer needs. The essence of a brand isn’t so much
d
selling seasons, the spring On the rare occasion that one of the about rational arguments; instead,
and the fall markets. members opens with ‘I have a new listing it’s how it makes the market feel
Spring is coming up in ….” eyes quickly turn to emotionally.
e
understandable, as it that person and the room becomes as So believed the late Steve Jobs.
Realty follows the cold weather quiet as the Bluebird Café. Guerrilla “Nike sells a commodity; they sell
Check and buyers are ready to L Marketing shoes. And yet when you think of Nike
shed their coats and beat you feel something different than a shoe
By RICHARd By LORI
COURTNEY the streets in their comfy TURNER-WILSON company.
clothing. “In their ads, as you know, they
The fall market perplexes sellers, as it don’t ever talk about the product ... What’s Nike do in
begins immediately after school opens. their advertising? They honor great athletes and … great
The power of
Common sense would seem to dictate athletics. That is what they are about.”
information.
the opposite of this phenomenon. Most Perhaps no other tech giant better understood the
would think that buyers would shop all importance of investing in a brand – beyond a product
summer, buy homes, then nestle in and published weekly by – than Jobs, and it’s at the heart of Apple’s rise to market
Westview Newspaper, LLC
prepare for the school year. 4519 Belmont Park Terrace dominance.

Yet, in Nashville, they hustle about 223 Rosa l. Parks ave. Objectively understanding what makes your brand
all summer running to and from camps, Sale of the Week suite 205 unique is at the core of determining your brand’s essence.
nashville, tn 37203
vacations, baseball games, swimming The contemporary residential structure [phone] True differentiation is defined as something you offer
pools and play dates only to find respite FaX: [phone] the marketplace that competitors can’t claim, that you
at 4519 Belmont Park Terrace sold last
when the schools take over the child care. week for $1,035,000 only 13 days after monday-Friday 9 a.m.-5 p.m can easily prove, and that really matters to prospective
given the seven-hour break each day, customers.
being listed by Ivy Arnold of Parks in The
buyers flock to shop for new housing. publisher It’s very difficult to claim customer service as a
gulch. Although listed for $1,025,000,
Eric Barnes
Autumn, 2014, may be the year for differentiator, as it’s both challenging to uniquely claim
Arnold pulled in an extra $10,000, as she General Manager
breaking that tradition. is prone to do. & Executive Editor and easily prove until a prospect actually becomes a
One reason is the summer real estate lyle Graves customer and lives your service experience first-hand.
In the same week, the perennial [email protected]
market skipped its June swoon this year, Be sure to conduct market research to ensure your
powerhouse sold 3509 Trimble for planning Editor
and the other is that there is nothing for Cindy smith customers concur with
$1,330,202 after listing for $1,250,000.
[email protected]
shoppers to buy, as inventory levels have the differentiator you
Not a bad week for Ivy, who cut her teeth
dropped significantly. Contributors believe to be yours.
selling several Icon units. hollie Deese
Jack Miller of Parks, speaking at his Betty Finucane of Fridrich and Clark tim Ghianni With that
breakfast club last week, announced to Bill lewis differentiator
represented the buyer on the Trimble terry mcCormick
the group that he is “sold out” for the property, while Lou Moore of Prominent Joe morris in hand, now
first time in his illustrious 16-year career. Jeannie naujeck examine how that
Realty group delivered the buyer on the Brad schmitt
Miller, who two weeks ago sold a $5 Belmont Park Terrace and Mary Beth kay Bona differentiator makes
madiBmllriioetasn k “hfiato simts ceslc,u acbroysu .h”ldav ue spe rtohvei dberdea mk,e banust for Thlistoedm tahs eo cf oFnrtiedmricpho raanrdy. Clark had co- Avtriotc m DF lieWremociotndogr yaemboouourt tic ouynostauolrlmy b aerfratsne frde hela ving Denys Prykhodov / shutterstock.com
Not one for understatement, Arnold leigh melton singleton
Realtors to network for decades and are [email protected] exposure to it.
describes the house as “a stunning Frank
constructed with various missions. Some Contemplating where Apple fit in the world, Jobs
Lloyd Wright classic with modern flare.” ADVERTISING
cater to specific areas, for example, while And being the hip communicator that advertising deadline mused: “What we’re about isn’t making boxes for people
others, such as Miller’s, seek more real is Friday 5 p.m. to get their jobs done, though we do that … better than
she is, she added a sentence not often, if
Call 615.254-5522 or email
estate diversity. In this market, they are ever, seen in real estate description: “This [email protected] almost anybody in some cases.
more business than social. for rates and information “But Apple’s about something more than that … its
flawless floor plan will leave you with
The group in which Miller participates Advertising Director core value is we believe that people with passion can
something to tweet about.”
Dianna Chambers
was founded by Amy Cannon of Neal change the world for the better. That’s what we believe.”
Perhaps the new homeowner will bring [email protected]
Clayton Realtors five years ago and And that’s what the Apple brand promotes.
along a canary and will name his cat Business Manager
consists of some 25 agents ranging in age Pam mallett Think of Apple advertising as a subtle classified:
Sylvester.
pmallett@memphisdailynews.
from those using Clearasil to those who “Seeking creative, free-spirited people with passion who
“You will not find another home like com
Neutrogena. Her group includes urbanites this” she added in a statement that is public Notice Director believe they are capable of anything and can change the
from Nashville and stretches to those that Don Fancher world for the better.”
true today and perhaps contradicted [email protected]
sell rural home in Williamson County, That’s the Apple brand. And it’s about so much more
tomorrow. The next sentence portends Inspiration
the latter accounting for more than $350 homes from Christmas future as she kim kale than a logo.
million in sales volume last year. How is your brand affecting consumers today? How do
predicts two other houses will be built
The meetings are held each month in you aspire for it to affect them?
next door. Methinks they may be the the Ledger is a general
one of the members’ listings. interest newspaper Fast Company reflected on Jobs’ views on branding
same style as this stark, sleek floor plan
covering business, law and
One of the ground rules that Cannon from his early days: “It’s a complicated and noisy world,
has fewer walls, less trim, albeit more development throughout the
developed is that there is a roundtable nashville area. and we’re not going to get a chance to get people to
pizazz than traditional construction.
discussion each week, and each person is remember much about us.”
The open plan includes 3,787 square the Ledger’s
allowed to discuss two properties, be they predecessor, westview, Even a young Steve Jobs understood you only have
feet with four bedrooms, and four and
was founded
new listings or buyer needs, one of each or one chance to make a good first impression – and you
one-half baths. The Nashville market is in 1978.
two of either, but only two. better make it a clear and meaningful message capable of
starved for this product, as there have Visit us online at
Cannon’s twangy school-marm www.TNLedger.com standing the test of time.
been few quality contemporary homes
personality is quick to scold anyone who Follow us on twitter
built through the years.
@tnledger Lori Turner-Wilson is an award-winning columnist
might attempt to sneak a third property
and managing partner of RedRover Sales & Marketing,
into the mix.
Richard Courtney is a real estate broker
www.redrovercompany.com, with offices in Memphis
Over the years, new listings were
affiliated with Christianson, Patterson,
and Nashville. You can follow RedRover on Twitter (@
featured more than buyer needs, as it has
Courtney and Associates and can be reached
redrovercompany and @loriturner) and Facebook (facebook.
typically been more challenging to sell a
at [email protected].
com/redrovercompany).
Section A - Page 4 AUGUST 8 – 14, 2014
community calendar
FrIDay, aug. 8 n Thursday, August 14: Wholesaling symphonies across the U.S. Presentation will cover the basics: How
Full Moon pickin’ party Subgroup. Network with wholesalers and n Sept. 2: Annie Sellick and the Hot Club of solar works, solar equipment and costs, roof
Friends of Warner Parks hosts its 15th buyers of single-family and multi-family real Nashville. Gypsy swing band playing songs and shade requirements, and an overview
season of Full Moon Pickin’ Parties. These estate. 6:00 p.m., REIN Center, 4525 Hard- from the 30s and 40s. of available tax and utility incentives. The
laid-back, family-friendly fundraisers feature ing Rd, Ste 200, Nashville. event is free and open to the public. Light
n Sept. 9: Acoustic songwriters Session
Middle Tennessee’s finest bluegrass music n Monday, August, 18: Landlording Sub- with Marshall Chapman, David Olney and refreshments will be provided. RSVP: info@
under the light of a full moon. 7-11 p.m., at group. Join other REIN members to share RB Morris. lightwavesolar.com, 641-4050.
the Percy Warner Park Equestrian Center, ideas and discuss the many areas of land-
2500 Old Hickory Blvd. The final show of lording and renting property. Tips and tricks, n Sept. 16: Riders in the Sky TueSDay, aug. 19
Social enterprise Shared Interest group
the 2013 season is scheduled for Oct. 18. contracts, and policies to run your business n Sept. 23: Mandy Barnett singing pop and
For those who measure success accord-
Tickets and information: friendsofwarner- better. 6:30 p.m., REIN Center, 4525 Hard- country music. She played Patsy Cline in a
ing to the “triple-bottom-line” philosophy
parks.com/pickingparty.html. ing Road, Nashville. Ryman production.
(people, planet, profit)? The Nashville Area
FrIDay-SaTurDay n Tuesday, August 19: REIN Lunch n Sept. 30: Mr. Sipp sings Mississippi Chamber of Commerce’s Social Enterprise
Tomato arts Fest Network. Join other investors the first Blues. Shared Interest Group, led by Evan Owens
The Tomato Art Fest has steadily drawn and third Tuesdays of the month. Meet in n Oct. 7: San Rafael Band. Latin jazz fused from centresource, launched in March
larger crowds with each year that passes. small groups and enjoy lunch. Share your with salsa, blues and rock. 2013. Come contribute to the community
Last year, an estimated 35,000 people came deals, present deals, discuss trends, and Information: nashvillepubliclibrary.org/court- of local, regional, national and international
to celebrate this beloved fruit/vegetable more. 11:15 a.m., Dalt’s Grill, 38 White yardconcerts. social entrepreneurs – and learn about the
event and enjoy costumes, vendors, con- Bridge Rd, Nashville. movement from local and regional thought
tests, music and more. The festival, begun n Thursday, August 21: Williamson County Sertoma Club of Nashville leaders. 8:30-9:30 a.m., Centresource Lab,
in 2004, has been featured in Southern Liv- Lunch Group. Rehabbers, builders, com- Featured speaker: Ray Clark, author of “Just 1312 5th Avenue North, Nashville. Informa-
ing and Oxford American magazines. Chan- mercial, mini-storage, wholesalers, private Let Me Walk Away.” Weekly meetings held tion: nashvillechamber.com, 743-3063.
cellor Warhol, Buffalo Rodeo and Majestico lenders, transaction funders, hard-money Tuesdays at Maxwell House Hotel 2025
WeDNeSDay, aug. 20
will perform during Friday’s concert (6-11 lenders, bankers, title attorneys, Realtors Rosa L Parks Blvd., Nashville, at noon. Pub-
Hr excellence awards luncheon
p.m.) The Tomato 5K race starts at 7 a.m., and vendors discuss deals, the state of the lic welcome. Information: 254-0571.
followed by parades, contests and games market and how they can help each other Established to recognize and foster human
throughout the day and evenening at the prosper. 11:15 a.m., Bosco’s, 2000 Meridian THurSDay, aug. 14 resource excellence among Middle Ten-
intersection of 11th and Woodland in East Blvd, Ste 110, Franklin. live on the green nessee organizations, the HR Excellence
Nashville. Information: tomatoartfest.com. n Saturday, August 23: Collecting Back Since its inception in 2009, more than Awards program is based on the scrupu-
200,000 fans from 29 states and 10 coun- lous HR principles of the Malcolm Baldrige
Rents. Learn how to obtain and collect judg-
SaTurDay, auguST 9 tries have attended the free outdoor music National Quality Program. Businesses are
ments. 9 a.m.-5 p.m., REIN Center, 4525
Free Big Band Outdoor Concert festival. It also has hosted more than 70 invited to self-nominate for an award each
Harding Road, Nashville.
An evening of Big Band favorites is in store artists, including Alabama Shakes, Local Na- year and are evaluated on proficiency in
when the 20-piece The Moonlighters big Tennessee real estate Investors tives, Band of Horses, Matt & Kim, Michael five areas: HR strategy; HR management
band plays a free outdoor concert, 6-8 p.m., association Investors luncheon Franti & Spearhead, Matt Nathanson, The practices; organizational learning and devel-
at the historic Amqui Station and Visitor’s Meet with new and seasoned Real Estate Wallflowers, Citizen Cope, Dr. John, The opment; measurement of HR performance;
Center, 301 Madison St., Madison. Informa- Investors every Monday. 11:30 a.m. at Wailers and more. This year’s lineup: and employee well-being and engagement.
tion: amquistation.org. Corky’s Ribs & Bar B-Q on Old Hickory Blvd. n Thursday, Aug. 14, 6 p.m.: Spanish Gold, 11 a.m.-1 p.m., Nashville Airport Marriott
Hotel, 600 Marriott Drive, Nashville. Infor-
in Brentwood. Due to limited seating, this The Weeks, City and Colour
SuNDay, auguST 10 mation: nashvillechamber.com, 499-5150.
Franklin Civil War round Table event is limited to the first 35 to register. n Thursday, Aug. 21, 6 p.m.: Goodbye June,
Information: [email protected].
Wild Cub, The Head and the Heart Chamber West Monthly Networking Coffee
Memphis attorney and historian Jerry O.
Potter, who will speak on “The Sultana Music for Seniors n Thursday, Aug. 28, 6:15 p.m.: All Them Network with Chamber members in your
Tragedy.” The greatest maritime disaster in A free daytime concert at The Jazz Cave, Witches, The Features, Capital Cities area over breakfast and coffee. Learn more
United States history occurred on April 17, 1318 Adams Street, featuring Connye Flo- n Thursday, Sept. 4, 6 p.m.: Johnnyswim, about Chamber West’s initiatives and
1865, when the Sultana, a Mississippi River rance. 10:30 a.m. RSVP: sarah@musicfors- Delta Spirit, Cage the Elephant find out how you can get involved in the
side-wheel steamboat, exploded, killing an eniors.org. continued success of this area. 8-9:15 a.m.,
estimated 1,900 of her almost 2,500 pas- n Friday, Sept. 5, 5 p.m.: Daniel Ellsworth Hampton Inn & Suites-Green Hills, 2324
sengers. Most of the victims were Federal TueSDay, aug. 12 and the Great Lakes, Augustana, G. Love Crestmoor Rd.,
and Special Sauce, The Wild Feathers
soldiers just released from Confederate pris- Courtyard Concerts Nashville. Information: nashvillechamber.
on camps at Andersonville and Cahawba, Food truck fare and free lunchtime music at n Saturday, Sept. 6, 1:45 p.m.: Phin, Sugar com, 743-3063.
including many who saw action at Franklin. the Downtown Library, 615 Church St. The and the Hi Lows, Ingrid Michaelson, LP, The
The 3 p.m. event is free. The Franklin Civil 2014 Courtyard Concerts series, now in its Lone Bellow, Jake Bugg WeDNeSDay, aug. 21
War Round Table is an educational pro- 11th year, is funded by the Nashville Public Making Smart Financial Decisions
Summer of Street Food
gram of Franklin’s Charge and meets each Library Foundation and supported by media
A gathering of 15 to 20 local food trucks. Regions Bank is hosting Critical Conver-
month at the Franklin Police Headquarters’ sponsor The Nashville Scene. Concerts
This event will take place every other sations, a lunch series presented by the
Community Room, 900 Columbia Ave- will run every Tuesday, 11:45 a.m.-1 p.m.,
Thursday through August 21. Trucks will Council on Workforce Innovation. Regions
nue. Information: [email protected], www. through Oct. 7. Performances are informal
be parked on Deaderick Street between experts will educate people about making
franklinscharge.com/round-table. and unseated, so guests can bring lunch and
4th Avenue North and 5th Avenue North. smart financial decisions. Presentations will
drop in to hear music in the Robinson Court-
MONDay, auguST 11 yard, located on the Library’s second floor. Information: www.nashvillefoodtruckassoci- include an in-depth analysis of the meth-
real estate Investors Network ation.com. ods, processes and decision-making skills
n Aug. 12: John Jorgenson Bluegrass Band needed to make intelligent financial choices
Monthly Association Meeting. 5:30 p.m., Fif-
n Aug. 19: The WannaBeatles FrIDay, aug. 15 and receive positive returns. Topics and
tyForward Center, 174 Rains Ave, Nashville.
Junior achievement awareness Breakfast presenters include:
Information: www.reintn.org. Additional n Aug. 26: Sara Sant’Ambrogio, a cellist
More than 300 business people will gather n Kim Powell, Branch Manager: “Are you
August opportunities: who has played Carnegie Hall and with
at Loews Vanderbilt Hotel to learn about the managing your money, or is your money
Junior Achievement organization and what it managing you?”
offers to the community. Dr. Randy Lowry, n David Moon, Mortgage Loan Originator:
president of Lipscomb University, will offer “Home Ownership versus renting and how
the keynote address. Attendees are being to protect your credit”
invited to the event by Junior Achievement n Jill Fachilla, Institutional Trust Relationship
Board Members and other supporters. Manager: “Retirement savings versus not
Members of the public are invited to attend having a retirement plan”
as well. In addition to Dr. Lowry, Junior Sessions are free, and Regions will provide
Achievement students, volunteers, teach- lunch. Reservations accepted by email
ers, and Board Members will speak, sharing ([email protected]) before August
about their experiences in the program 11. 11:30 a.m.-1 p.m., 150 4th Avenue
and the impact it has made in their lives. North, fourth floor.
Junior Achievement offers programming for
kindergarten through twelfth grade stu- pick your place
dents focusing on entrepreneurship, work How does the Nashville Area Chamber of
readiness, and financial literacy. There is no Commerce work to create regional econom-
cost to attend the event; however, attend- ic prosperity? And how do you, as a mem-
ees will have the opportunity to sign up to ber, play a role in supporting that purpose?
volunteer in an area classroom, support the Join us for Pick Your Place and learn about
organization financially, or get involved with member benefits and involvement oppor-
future events. tunities for the 2014-2015 program year.
7:15-8:30 a.m. RSVP: www.janash.com/ 11 a.m.-1 p.m., Nashville Area Chamber of
events/awareness-breakfast. Commerce, 211 Commerce Street, Suite
100, Nashville. Information: nashvillecham-
SaTurDay, aug. 16 ber.com, 743-3063.
Solar Workshop for Homeowners
LightWave Solar will present a Solar Readers are invited to submit
Workshop for Homeowners to explain the Community Calendar items to
process of installing solar at your home.
[email protected].
AUGUST 8 – 14, 2014 www.TNLedger.com Page 5 – Section A
Quit now or wait? all depends on circumstances
Job seeking can be that it’s easier to find a job when you have workers being most likely to quit. without a new job in hand, start by
a long, difficult process. a job. On the other, if you leave now, you “Professionals no longer feel locked evaluating your finances. do you have
If you’re currently will have eight hours more each day to into a specific career path,” said Sanders. enough in your savings to last a year or
looking for a job, search. “Workers are staying in the workforce more, if that’s what it takes?
there’s a good chance This feeling is especially relevant for longer and the lines between personal Job seekers often underestimate
it’s because something those who want to move to a new city. lives and work have blurred, so it is not how difficult finding a new job can
Career
Corner at your current job In theory, it’s easier to visit another city surprising that workers are focused on be, especially if they have very specific
isn’t right. Whether when you’re not working. finding jobs and careers that align with requirements, such as location, job
By ANgELA
COPELANd it’s your boss, the pay, This week, I had the opportunity to their values and contribute to their function, and salary.
or the job itself, you interview dr. Sam Sanders from the feelings of self-worth.” Narrowing your requirements is
just aren’t happy. University of Phoenix for my podcast. If you are struggling to decide whether positive, but the more you have, the
And, you probably haven’t been happy He recently completed a survey on to stay or to go, take your time to weigh longer a job search typically takes.
for a while. Most people have to reach employment, finding that near half of your options.
a certain breaking point before they are working adults in the United States have If you are able to stick around until Angela Copeland is CEO/founder of
willing to volunteer to experience the equal or greater feelings of self-worth from you land another job, you won’t have Copeland Coaching, CopelandCoaching.
discomfort of job searching. their careers as they do from their personal to explain why you quit, or gaps in your com, and author of “Breaking The Rules
One question I get from job seekers lives. resume. & Getting The Job.” She also hosts the
is whether or not to wait until they have He also found that more than 60 You’ll also maintain a level of financial Copeland Coaching Podcast on iTunes.
a new job to resign from their current percent of working adults would quit stability that may be necessary if you have You can follow Copeland Coaching on
position – or whether to quit today. their job if their feelings of self-worth family members who rely on your income. Twitter (@CopelandCoach) and Facebook
On one hand, traditional wisdom says decreased, with the youngest and oldest If you’re leaning toward quitting (facebook.com/CopelandCoaching).
Money&MarketsExtra
MarketPulse
AUGUST LULL THE S&P 502 IGNORING ADVICE
School supplies aren’t the only things to go on How many stock tickers are in the Standard & Poor’s 500 Companies have been lining up to tell analysts that their forecasts for
markdown in August. Stocks often do as well. index? It’s kind of like the riddle that asks who’s buried in second-quarter earnings were too low. The majority of companies in
Since 1985, August has been the second-worst Grant’s tomb. As of Wednesdaayy,, tthhee SS&&PP the S&P 500 are
month for the Standard & Poor’s 500. The index 500 will hold 502 stocks. Thatt’’ss reporting stronger results
has lost an average of 0.6 percent during the because S&P Dow Jones Indiicceess than expected, and the
month, second only to the 0.7 percent drop in will include a second class of index is on pace to report
September, and it has declined nearly half the time in Discovery Communication’s ssttoocckk its best earnings growth
August. The weak performance is part of what’s usually in the index. Discovery is givinngg in years. How have
a summer lull for stocks. The S&P 500 tends to struggle every Class A shareholder an analysts reacted?
from June through September, a period when trading additional Class C share. Thee They’ve lowered their
volumes typically weaken. index provider made a estimates for
2.0 similar move in March third-quarter earnings.
-4.7% -5.7 -3.1 when it included two share Now, they’re calling for
S&P 500 classes of Google in the growth of 8.1 percent. A
performance S&P 500. week earlier, they were
the last few Augusts Oh, and Grant’s tomb forecasting growth of 8.4
is the final resting place percent. At the start of
’10 ’11 ’12 ’13 of two people: Ulysses July, they were expecting
Source: FactSet Grant and his wife, Julia. 9 percent.
AP
winners & losers Red Lobster’s future
July
Kim Lopdrup
S&P 500
Who he is: CEO of Red Lobster
A winning streak for the Standard & Poor’s 500 percent for the year. That’s marginally behind the 4.6 Outlook: Offers insight on his turnaround plans
index came to an end in July. The broad market index gain of the Nasdaq.
finished down 1.5 percent for the month, marking its With a decline of 317 points on Thursday, the Dow Red Lobster is trying to stay fresh the best.
in a crowded sea of family-style chain
first monthly loss since falling 3.6 percent in January. Jones industrial average gave up its gains for the year What do you think was the problem?
Even with the decline, the S&P 500 is up 4.5 and is essentially flat—down less than 0.1 percent. restaurants. The brand did lose focus on what made
Darden Restaurants this week Red Lobster successful. This brand is
TOP OF THE S&P 500 completed its sale of the struggling chain about great seafood. People come to Red
to investment firm Golden Gate Capital. Lobster for better seafood than they can
$100Time Warner (TWX) $12Windstream Holdings (WIN) $100 Discovery Comm. (DISCA) Now, Kim Lopdrup, Red Lobster’s new get at other restaurants. Unfortunately,
$83.02 $85.21 CEO, is making changes to try to stem there was a period that the brand tried to
$70.25 $9.96 $74.28 yearslong sales declines at the chain that introduce a number of non-seafood items.
recently changed its slogan to “Sea Food It was 10 to 15 percent when I was
80 10 80 Differently.” president. But it got to up to 25 percent
$11.46 Among the changes, Lopdrup is getting of the menu.
rid of some of the steep discounts that
July 2014 July 2014 July 2014 cheapened the image of its food, although What changes are being made to the
60 8 60 popular promotions like “Endless food itself?
July change: 18.2% YTD: 24.2% July change: 15.1% YTD: 43.6% July change: 14.7% YTD: -5.8% Shrimp” and “Crabfest” are Insider Interestingly, Red Lobster was
The stock spiked on news that The communications company an- Speculation about consolidation in staying. He’s also having the menu already buying top specification
Twenty-First Century Fox made a nounced plans to spin off its fiber the media industry sent the items stack on plates in a vertical Q&A ingredients. But we have an
takeover bid for the media giant. and copper networks into a REIT. company’s stock surging. style, as is the style at fine-dining opportunity to improve what we’re
establishments. And Lopdrup said doing in how we handle, prepare
BOTTOM OF THE S&P 500 he plans to reverse the decision in late and plate the seafood. Recently, we made
Genworth Financial (GNW) NRG Energy (NRG) Allegheny Tech. (ATI) 2012 to expand non-seafood options to changes in how we plate our fresh fish. It’s
$20 $40 50 up to a quarter of the menu and bring a much more contemporary appearance.
$13.10 $37.65 the figure back down to around 10 to 15 How so?
$30.96 percent by November. The food is arranged in a way that’s
After serving as Red Lobster’s president more like you’d see at a fine dining
15 35 40
from 2004 to 2011 before moving on to restaurant. The seafood is the star.
$17.40 $45.10 other areas of Darden’s business, Lopdrup What other types of changes are in
$37.20 is familiar with the challenges the chain
store?
10 July 2014 30 July 2014 30 July 2014 faces. We are breaking up with deep discount-
Red Lobster’s sales have been declin- ing. I think it was a mistake. You’re not
July change: -24.7% YTD: -15.7% July change: -16.8% YTD: 7.8% July change: -16.5% YTD: 5.7%
ing for years and recent attempts to fix going to see any of these low-priced
The company announced a review The electric company extended its The steel producer posted a loss
that haven’t worked. What do you have specials that we’re not proud of. There
of the adequacy of its long-term- slide as utilities were the worst in the second-quarter, its fourth in store for the chain? was a promotion for 30 shrimp for $11.99.
care insurane claims reserves. performing sector in the S&P 500. consecutive decline. I think Red Lobster is actually starting That certainly wasn’t a dish you would’ve
from a position of strength. We’re now been excited about eating.
Source: Morningstar Data through July 31 Trevor Delaney; J. Paschke • AP getting back to the basics of being not
Interviewed by Candice Choi.
just the biggest seafood restaurant, but Answers edited for clarity and length.
Section A - Page 6 AUGUST 8 – 14, 2014
newsmakers
Diversified Trust expands medical Center. he provides budgetary over- counsels businesses see outpost in 2014. he will provide middle
sight of all type i Diabetes trailnet events and individual clients market companies with customized solutions
Nashville leadership team and programs, including the vanderbilt through federal, state, and value-added services.
affiliate network. local and foreign tax Prior to joining Fisher Brown Bottrell,
Diversified trust, an employee-owned, Education: Jennifer Berry, academy coach, issues, incentives and Dietrich served as account manager for
southeast-based comprehensive wealth stratford stEm magnet high school. Berry controversies. Resource-logix, a medical device sales
management firm that manages more than
serves as a liaison between faculty and busi- Burns has been a startup, where he was responsible for sales
$5 billion in client assets, has announced
ness partners to support the stratford stEm member of the tennes- in tennessee and kentucky.
the hiring of three senior professionals in its
magnet school’s learning community. see Bar association for
nashville office:  Environment & sustainability: Miranda 24 years and a member GS&H promotes 3,
adam Dretler, senior vice president Christy, attorney, stites & harbison PllC. Burns of its tax law section adds 3 employees
lamar stanley, vice president Christy represents a wide range of conser- for 14 years. he is
katie Williams, vice president vation transactions, including conservation also a member of the state and local tax Gs&F continues to
Dretler is responsible easements and battlefield preservations. she Executive Committee of the american Bar grow with the addition of
for client service, invest- provided legal counsel for the land trust for association. three new employees as
ment management and tennessee and the nature Conservancy. Leadership Health Care well as the elevation of
new business develop- Financial services: John Crosslin, manag- three employees in the
ment in the nashville ing audit principal, Crosslin & associates, PC. names 2014-2015 board account management
office. Prior to joining During his tenure, he has contributed to grow- and public relations
the firm, Dretler spent ing the business by more than 325 percent leadership health teams.
15 years career with and helped the firm triple in size. Care has selected its Christy Randall joins
financial services firms Government and Public affairs: emily 2014-2015 board of Gs&F as a strategic
in new York City, most Mitchell, senior community and economic de- directors, With kel- Randall planner. she previously
Dretler recently as a senior velopment manager, Federal Reserve Bank of vin ault, partner, Us worked with comscore,
trader with Ziff Brothers atlanta, nashville Branch. mitchell represents investor-owned health inc., and the martin
investments, where he traded global equities middle and Eastern tennessee, working with services tax leader, agency.
for a multi-billion dollar long/short equity banks, nonprofits and government agencies PwC, as its chairman Gs&F’s creative group
platform. to develop programs that promote asset and Benson sloan, has expanded with the
business development,
stanley will focus pri- building, affordable housing, small business, addition of art director
Ault Cigna-healthspring, its
marily on the company’s job creation and other community develop- Paige thompson, who
vice chairman.
private equity strate- ment initiatives. joins the agency from
gies. Prior to joining hospitality & tourism: Jeni lind Brink- lhC is an initiative sapientnitro. the public
the firm, stanley spent man, regional director for external affairs, of the nashville health relations team has add-
8 years in the United tennessee Department of Environment and Care Council that Thompson ed alyssa Ramirez, who
states navy as an Conservation. Brinkman is responsible for nurtures the talents of will serve as an account
intelligence officer, most outreach to department stakeholders, includ- nashville’s next genera- coordinator.
recently serving with ing local and other government agencies, the tion of health care indus- Promotions include
Joint special operations regulated community, public interest groups try leaders by creating austin goins-McCree to
Stanley Command in Ft. Bragg, and citizens. educational, networking an account supervisor
nC. and mentoring opportuni-
human Resources: Jessika leigh poirier, Sloan ties for the group’s more and Stephen Mcallister
Williams is respon- partner, recruiter and business development, than 770 members. to an account executive.
sible for client service, vaco, llC. Poirier was promoted to partner For the public relations
investment management this year and recognized for being the no. 2 the following new directors joined the lhC team, Caroline Mauldin
and new business devel- producer nationwide in the staff division. Board for three-year terms: was transitioned to an
opment in the nashville David anderson, director, finance and Ramirez account coordinator
legal services: Mary Taylor gallagher,
office, with an emphasis operations, amsurg position.
mmember, Gullett sanford Robinson &
on financial planning
and advisory services. martin, PllC. in addition to general business avery Fisher, president, Remedify Pinnacle Financial
litigation, Gallagher focuses her practice on Will Joseph, medical outcomes specialist,
Prior to joining the firm,
defending employers in the railroad, transpor- Pfizer hires Woods, Pate
Williams Williams was a financial
tation and health care industries.
advisor with the Pruett Baxter lee, vice president, finance and
Jim Woods and Penny Pate have joined
Group, a division of northwestern mutual in medical & health Care services: Dr. Car- strategy, Emdeon
Pinnacle Financial Partners.
nashville. men B. april, owner and podiatrist, the Foot Scott Mertie, president, kraft healthcare
and ankle healthcare Center, PC. april spe- Woods, with 28 years
Consulting
2014 Emerging Leader cializes in the medical and surgical treatment of financial services ex-
of foot and ankle disorders. she started her Jessica Wells, vice president, medical edu- perience, is a vice presi-
Awards winners named medical practice, the Foot and ankle health- cation, saint thomas health services. dent and underwriter for
care Center, at only 30 years old and grew Jameson Norton, vanderbilt owen school Pinnacle’s automotive
the nashville area Chamber of Commerce
the patient base from 0 to 800 new patients of management health Care mBa candidate, finance group.
and YP nashville have announced the win-
in her first 16 months in practice. joins the group in a one-year student board he comes most re-
ners of the 2014 nashville Emerging leader
awards. PR, advertising & marketing: Kearstin seat. cently from J.P. morgan
patterson, director of communications and Ted lomicka, vice president and assistant Chase, where he was a
in an effort to highlight the contributions
design, hCa. Patterson leads a team respon- treasurer, Community health systems, will credit underwriter.
of young professionals in the nashville area,
sible for the strategic direction and delivery also serve on the board for a renewed, one- Woods Previous roles were
15 winners have been recognized for their
of internal and external communications for year term. with Fifth third Bank, where he was a rela-
accomplishments, leadership and communi-
it&s, hCa’s largest corporate division. there are two new appointments of lhC tionship manager in its commercial lending
ty-service. Winners are:
Real Estate services: alexander Brandau committee chairmen. Will Howorth, director, division, Ford Credit/PRimUs Financial
architecture, Engineering & Construction:
IV, owner, alexander Brandau Real Estate development and special assets, hCa, will services, where he was dealer account
alan Hayes, senior associate, thomas, miller
Partners at keller Williams Realty. Brandau lead the Education and Events Committee, manager/business
& Partners, PllC. hayes is a project architect
has won the Gold award of Excellence four and Kearstin patterson, director, communi- development manager,
with a focus on health care and medical
times and has served as a chair for many cations and design, hCa, will chair the mem- and toyota motor Credit
office projects.
committees. bership and marketing Committee. howorth Corporation, where he
arts, Entertainment & music: Jeff Syra- has also been renewed to the board for an served as a customer
technology: Jeff Ker, director of programs,
cuse, manager/licensing operations, Broad- additional three-year term. account representative.
ForceX, inc. ker provides program vision and
cast music, inc.
strategic direction for program management Pate brings 33 years
Dietrich joins
syracuse assists in developing new e-com- across three Department of Defense pro- of experience to her role
merce applications and provides user support grams valued at $11.2 million. Fisher Brown Bottrell of service specialist.
for continued enhancement of system effi-
she comes most
ciency. he has been with Bmi for more than Burns elected Chair of Fisher Brown Bottrell recently from F&m Bank
15 years. TBA’s Tax Law Section insurance, inc., one of Pate in lebanon, where she
Business services: Kevin Mahoney, budget the largest bank-owned was a head teller.
director, tennessee Department of Environ- Dickinson Wright, a full-service nashville agencies in the U.s., Pate also worked for midsouth Bank in
ment and Conservation. mahoney is responsi- law firm with national and international has hired mark Dietrich murfreesboro and suntrust Bank in nash-
ble for preparation and administration of a offices, announced today that attorney John as business insurance ville.
$387 million annual budget. Previously, he Burns has been elected chair of the tennes- consultant.
has served as an accountant for multiple see Bar association’s tax law section. Dietrich will oper-
state agencies as well as a financial analyst ate out of the firm’s Readers are invited to submit
Burns concentrates his practice in tax law
for saint thomas health. nashville branch, which newsmaker items to
and earned a masters of law in taxation
Community service & nonprofit: eric pittel, from the University of Florida. he routinely Dietrich opened as Fisher Brown [email protected].
administrative manager, vanderbilt University Bottrell’s first tennes-
AUGUST 8 – 14, 2014 www.TNLedger.com Page 7 – Section A
Middle Tennessee’s top commercial real estate sales for the first half of 2014*
property County Zip date Buyer Seller Amount property County Zip date Buyer Seller Amount
2300 Elliston Nashville 37203 4/29 Gl Elliston 23 Apartments LLC 2300 Elliston Place LLC $95,100,000 65 Music Nashville 37203 1/17 Brown Benny M.; Brown Carolyn J. Sony/Atv Music Publishing LLC $4,108,700
424 Church Nashville 37219 6/24 TR Church Street Corp 424 Church Street LLC $89,000,000 5901 California Nashville 37209 3/4 Skylight Land LP MCT California Avenue GP $4,075,000
3100 Aspen Grove Franklin 37067 3/24 BMPP Aspen Grove LLC Ch Realty V Wyndchase GP LLC; $83,000,000 2339 Hillsboro Franklin 37069 3/31 Williamson Co. Hospital District; MTM Land Company LLC $4,075,000
Ch Realty V Wyndchase LP Williamson Medical Center
515 Madison Nashville 37208 4/3 Vista Germantown Apartments LP Aerc Bristol Germantown JV LLC $53,250,000 4112 Hillsboro Nashville 37215 5/7 Southside Oil LLC Tiger Mgmt Group LLC $4,038,000
221 31St Nashville 37203 1/10 West End Village Apartments Inc WEV LLC $51,250,000 145 12th, Nashville 37203 2/10 North Gulch Part. II LLC Professional Real Estate Dev. LLC $4,000,000
137 Market ExchangeF ranklin 37067 4/4 Arc Gsfrntnoo1 LLC Market Exchange LLC $43,250,000 136, 140 George L. Davis,
1201, 1215 Church 12th
0 Liberty Franklin 37064 2/25 Nic Historic Franklin LLC Bell Jamison Part. LLC; Jamison Bell Part. LLC $41,500,000
308 10th Nashville 37203 6/3 MLG Prop. LLC Alley E Roberts Sr; Alley E Roberts Jr $3,969,493
201 4th Nashville 37219 4/7 Albany Road-Fourth&Church Nashville LLC Nashville Office Associates LP; SAP IV Nashville $33,700,000
NF GP LLC 5840 Hillsboro Nashville 37215 4/15 Roventi LLC Rita Dee Hassenfeld Revocable Trust $3,850,000
437 Sanford La Vergne 37086 3/27 Exeter 437 New Sanford LLC Industrial Ms Logistec Owner LLC; JPMCC $26,500,000 1045 Visco Nashville 37210 5/23 Killer II LLC; Third Generation Visco LLC Turner Prop.; Turner Jack; Crow Jill Turner $3,700,000
2007-LDP10 - Tri State Ind. Portfolio LLC 1300 Hazelwood Smyrna 37167 3/24 Pharmacy Sale Leaseback II Dst Waltrust Prop. Inc $3,647,934
4500 Singer M’boro 37129 6/24 Arc Nnmfbtn 001 LLC Buck Ronald D; Ruthinger GP; Taylor Kent C $25,837,500 3436 Lebanon Hrmitage 37076 5/2 Rees Acquistions LLC Oak Valley Lanes; Baker Larry Cecil $3,600,000
6003 Arbor Lake Hermitage 37076 2/18 Spinnaker 278 LLC Spinnaker Cove LLC; Henderson $24,750,000 651, 650 Joseph, Nashville 37207 2/14 Riverchase Apartments LLC L/G Redevelopment LLC $3,550,000
Global Investors GP LLC 301 2nd
1560 McEwen Franklin 37067 6/23 TC Southside At McEwen Retail LLC AGL SLC McEwen No 4 LLC $24,647,773 1617 Lebanon Nashville 37210 2/26 Ashler Oaks LLC Knox & Lee Inv. Inc; Roundtree Associates Ltd LP $3,550,000
602 Dill M’boro 37130 5/19 Sir Richland LLC Reynolds Holdings & Development LLC $21,000,000 700, 701 8th Nashville 37203 2/6 Harmolio LLC Voorhees Investors LLC $3,525,000
400 Sanford La Vergne 37086 6/12 400 NS Road Acquisition LLC Baptist Hospital System Retirement Plan $19,300,000 523 3rd Nashville 37210 6/30 523 Third LLC Third Avenue Associates; Jones Charles E Jr; $3,500,000
Facilities Holding LLC Watson Patrick J; Fuqua Gil Jr
1566 McEwen Franklin 37067 6/23 TC Southside At McEwen Retail LLC AGL SLC McEwen No 4 LLC $17,122,293 800, 814, 816, Nashville 37203 2/5 6th & Ash LLC LPS Realty; Sanford Todd; Linzy David; Pulliza Frank $3,465,000
5880 Nolensville Nashville 37211 5/23 GPT Nashville Owner LLC Southplace Associates LLC $16,475,000 818, 824 6th, 511 Ash 6th
641 Massman Nashville 37210 4/11 Store Master Funding Vi LLC MCPA-Mass TN Associates $14,856,861 609 Enon Springs Smyrna 37167 2/20 609 Enon Springs LLC Read Enterprises LLC $3,450,000
6430 Charlotte Nashville 37209 6/24 Hillwood Apartments LLC Hillwood Pointe LLC $14,850,000 1401 Gould Lavergne 37086 5/9 Pioneer Nashville II LLC Prologis-A4 Tn I LLC; Prologis Second GP LLC; $3,430,000
Prologis Na Industrial Fund IV GP LLC; Prologis Na
0 Harding Nashville 37217 2/14 Summit Canterchase I LLC; PC Canterchase LLC $14,750,000
Industrial Fund II GP LLC; Prologis Na Industrial Fund GP LLC
Summit Canterchase II LLC
131 12th Nashville 37203 3/31 North Gulch Part. II LLC Quadrant Developments LLC $3,400,000
5610 Old Hickory Hermitage 37076 5/23 Spyglass Nashville Tn LLC Green Leaf Hermitage LLC $13,800,000
131 3rd Franklin 37064 5/19 Crews 131 LLC 131 Third Avenue LLC $3,400,000
1350 Rosa L Parks Nashville 37208 1/17 Werthan V Lofts LLC 2120 Restoration GP; White Aaron $12,740,000
418 Old Hickory Brntwood 37027 3/3 Gables LLC Sudco Inv. Nashville LLC $3,375,000
1010 Murfreesboro Franklin 37064 6/2 Franklin Iron Wood Retail Part.; Maples Center Part. LLC $12,650,000
Madison Brookside Cary JV Member LLC 449 Cool Springs Franklin 37067 5/7 Southside Oil LLC Tiger Mgmt Group LLC $3,355,000
501 Mainstream Nashville 37228 6/30 Albany Road-Riverview LLC KBS Riverview Business Center I & II LLC; $12,300,000 318 Broadway Nashville 37201 4/21 318 Part. GP HJ Inv. LLC $3,250,000
KBS Real Estate Investment Trust Inc 7107, 7140, Nolnsvlle 37135 6/25 Wm Sub Cc Pdl LLC Walton TN LLC $3,235,790
510 Royal Nashville 37214 6/30 Albany Road-Royal LLC KBS Royal Parkway Center I & II LLC; $11,000,000 7156, 7211 Carothers
KBS Real Estate Investment Trust Inc 5401 Crossings Antioch 37013 4/22 Drake Nashville LLC Shop at Home Holdings Inc $3,225,000
431 11th, 513, Nashville 37203 5/8 WCP Prop. LLC Capitol View Joint Venture; C-Land Fund LLC; $10,171,282 3400 End Nashville 37203 5/8 Southside Oil LLC Tiger Mgmt Group LLC $3,200,000
514 8th; 1100, 1104, Charlotte Eleventh Inv. LLC 900 Grammer Smyrna 37167 2/6 Brookwood Arizona LLC Han Charles Revocable Living Trust The; $3,200,000
1112, 1114, 1116, 1120, 1122, 1126 Charlotte; Han Lucy Revocable Living Trust
1100, 1106, 1107, 1107, 1108, 1113 Gay;
104 Highway 52 Portland 37148 3/27 Pharmacy Sale Leaseback II Dst Waltrust Prop. $3,108,516
410, 416, 418, 422, 430 George L. Davis;
1111 Jo Johnston; 1127, 1130 Nelson Merry; 1109 Shankland Charlotte 1135 Bell Antioch 37013 1/29 IX Cw Bell Road LP 1135-1141 Bell Road Holdings LLC $3,084,500
431 Great Circle Nashville 37228 6/30 Albany Road-Cumberland LLC KBS Nashville Industrial Portfolio I LLC; $10,000,000 200 Maplewood Nashville 37207 3/27 Pharmacy Sale Leaseback II Dst Waltrust Prop. Inc $3,053,195
KBS Real Estate Investment Trust Inc 311 Plus Park Nashville 37217 5/30 Turbo Inv. International Inc MCPA-Plus TN Associates $3,000,000
300, 400 Abc Gallatin 37066 6/11 YFS Automotive Systems Inc ABC Group Prop. Inc $9,900,000 10620 Highway 109 Lebanon 37087 2/18 Carrollwood Center Holdings LLC BDW Advance LLC; Walton Bill R Member $3,000,000
810 Broadway Nashville 37203 2/19 Broadway/Nashville LLC 810 Part. LLC $9,500,000 3815 Hillsboro Nashville 37215 5/8 Southside Oil LLC Tiger Mgmt Group LLC $2,950,000
347 Riverside Franklin 37064 4/22 Franklin Tn Senior Care Property LLC Crev LLC; Maristone of Franklin GP; Revelette Alan D. $8,945,000 4110 Mt Juliet Mt. Juliet 37122 6/10 Bahora Shabbir Revocable Trust; Greene Holdings LLC; Smith Terry E; $2,925,000
1200, 1201, 1207 VillaN ashville 37212 3/7 Voorhees Investors LLC Villa Prop. Joint Venture LLC $8,924,000 Bahora Zarina Revocable Trust Vaughn J. Anthony; W & R Inv. LLC
901 Demonbreun Nashville 37203 5/16 Ten D LLC United Methodist Publishing House $8,915,370 565 Brick Nashville 37207 1/29 Curb Nashville LLC 565 Brick Church Park LLC $2,900,000
Church Park
140 Providence Mt Juliet 37122 4/22 Mt Juliet Tn Senior Care Property LLC Maristone At Providence GP; Revelette Alan D. Gen $8,500,000
Partner; Revelette Curtis Gen Partner 1203 Old Lascassas M’boro 37130 3/10 BGB LLC Nobles, Kathryn M.; Nobles, Wayne $2,900,000
305-475 Pleasant GroveM t Juliet 37122 4/11 Paddocks Cc Tic LLC; Paddocks Rr Tic LLC Paddocks At Mt Juliet LLC Gen Partner; $8,250,000 4701 Old Hickory O. Hickory 37138 4/2 Aerial & Above LLC Hermitage Garden Inv. LLC $2,850,000
Paddocks Development LP 3425 Bailey Franklin 37064 6/5 McRae, Susan Elizabeth; Stover, Jeffrey Bright Hour LLC $2,800,000
301, 307, 315 8th Nashville 37203 3/31 Nashville Hospitality Capital LLC United Methodist Publishing House $8,200,000 Neal; Stover, Susan Elizabeth
2401 Edge O Lake Antioch 37013 2/6 Store Spe La Fitness 2013-7 LLC M&A Edge O Lake LLC $7,534,789 2943, M’boro 37130 4/17 Melrose LLC Investment Part. LLC $2,800,000
2955 Rutherford
123 Northcreek Gdlttsvlle 37072 4/1 Topvalco Inc DDR Northcreek Commons LLC $7,350,000
3941 Nolensville Nashville 37211 4/30 JMMIII LLC Elysian Fields Shops LLC $2,784,000
400, 419, 423, 424, Nashville 37211 2/3 Summit Jamestown LLC Bibisco Inc; Jamestown Apartments LLC $7,330,000
427, 428, 431, 432, 209 Broadway Nashville 37201 2/28 Smith, Edward L. Mayesco Part. $2,750,000
436, 437, 443, 444, 447, 448, 909 Murfreesboro Nashville 37217 3/31 Hiller, James P. Hearn, James T. $2,750,000
452, 455, 456 Adamwood 801 Hillview Nashville 37204 1/24 Studio 1 Nashville Apartments LLC Bachrach Part. LP; Bachrach Alan F $2,700,000
4413 Carothers Franklin 37064 3/31 Real Estate Solutions Group LLC Carothers Land Co LLC $7,000,000 6731 Cool Springs Thompsons 37179 6/26 Beck Margaret K; Beck Robert N Slyke Dennis Van; Van Slyke Dennis $2,645,000
7201 Cockrill Bend, Nashville 37209 6/6 Lone Maple Investors Springs Global Us Inc $6,850,000 Station
6040 Tufting Cockrill Bend 504 5th Nashville 37203 6/11 Wilka Downtown LLC Meroney Kenneth $2,600,000
300 Broadway Nashville 37201 4/30 300 Broadway LLC Broadway W&R LLC $6,600,000 Fortress M’boro 37128 5/7 Southside Oil LLC Tiger Mgmt Group LLC $2,550,000
1 Rutherford Point La Vergne 37086 3/5 Highmark Rutherford Pointe L P MBS GP 103 LLC; Rutherford Pointe Limited Part.hip $6,450,000 424 Hickoryview Nashville 37211 4/2 Spirit Master Funding Vi LLC Aba #9 LLC $2,533,094
1515 Demonbreun Nashville 37203 2/24 Demonbreun Street Apartments Investors LLC LUI Nashville Roundabout LLC $6,250,000 1541 Gallatin Madison 37115 4/2 Spirit Master Funding Vi LLC Aba #7 LLC $2,533,094
1005 Hickory Hill Hermitage 37076 4/30 Hermitage Pine Brook LLC Pine Brook Associates LP; FWB Inv. LLC $6,000,000 7156, 7244 Nolnsvlle 37135 6/3 Walton TN LLC Versace, Stefani Athena; Williams, Janice Elaine $2,531,318
1000 Park Village Fairview 37062 1/22 Park Village Part. MBS GP 137 LLC; Park Village TN Part. II L P $5,925,000 Caruthers, 0 Battle
Mallory Brntwood 37027 4/9 SRE TN 5 LLC Tennsco Corp $5,900,000 1576 Mcewen Franklin 37067 6/23 TC Southside At McEwen Retail LLC AGL SLC McEwen No 5 LLC $2,529,934
1820, 1835, Brntwood 37027 3/13 Whistler Farms LLC IX St Portfolio 14 GP LLC $5,875,628 1119 12th Nashville 37203 4/15 Operation Stand Down Nashville Inc J. D .Eatherly Prop.; Eatherly, J. D. Prop.; Eatherly, Steve; $ 2,500,000
1852 Wilson Eatherly, Donnie; Jennings, Sue Ann; Cantrell, Sandra;
1101 Broadway Nashville 37203 5/8 Southside Oil LLC Tiger Mgmt Group LLC $5,837,400 Wilkenson, Serena; Kirby, Steve; Eatherly, J. D.
2905 Parthenon Nashville 37203 5/7 Bank of Camden Artesia LLC $5,650,000 291 Sam Ridley Smyrna 37167 4/1 Campbell, James A.; Capital Bank N A $2,500,000
Davis, Bruce G. 2010 Irrev. Trust
2500, Nashville 37217 4/15 Bdfif IV Edge O Lake LLC Summit Retail LLC $5,570,000
2510 Murfreesboro 1212 Main Lebanon 37087 2/27 Retail Development Solutions LLC Johnson, Wayne L. $2,500,000
127 Athens Nashville 37228 4/17 127 Athens Way LLC; Fed VI LLC $5,550,000 0 Jackson Nashville 37205 4/25 Chapman, William T. IV Trustee Rogers, Barbara A .Trustee $2,424,000
One Twenty Seven Athens Way LLC Mt Juliet Mt Juliet 37122 6/10 Julfirm Partnership D3 Mt Juliet LLC $2,409,000
1598 Crestview Madison 37115 5/1 Bachrach Part. LP Alta Loma Apartments LP; Alta Loma LLC $5,500,000 701 President Smyrna 37167 6/6 Nobles, Kathryn M. Hale, Jewell M.; Ipm; Kirby, Robert L. $2,400,000
2318 Gallatin Madison 37115 2/3 Serra Works of Madison LLC Tom Bannen Realty LLC; Bannen Tom Realty LLC $5,500,000 7740 Cumberland Fairview 37062 4/3 Short Family Farm LLC Campbell, Victor L. $2,392,500
130 Maple Hndrsnvlle 37075 2/27 ACE Maple Drive LLC SRS Inv. LLC $5,484,000 2022 Rosa L Parks Nashville 37228 5/8 Southside Oil LLC Tiger Mgmt Group LLC $2,350,000
451, 471, 481 Allied Nashville 37211 5/1 United Record Pressing LLC Lone Maple Investors $5,200,000 0 Columbia Franklin 37064 1/30 Rolling Hills Community Church Inc Pwu Prop. LP; Uhlmann, Patricia Werthan; $2,350,000
2330 Gallatin Madison 37115 2/3 Serra Works of Madison LLC Tom Bannen Chevrolet Inc $5,000,000 Werthan, Joni P.
4206, 4212, Franklin 37064 5/19 Dugas Farms Tn LLC MTS Ent. LLC; Somers Carol L $5,000,000 Joe B Jackson M’boro 37127 3/7 Industrial Dev. Board of Rutherford Co. Dunavant Enterprises Inc $2,337,500
4194 Columbia 214 3rd Nashville 37201 1/10 Greenlee Inv. LLC Higgs Randall P $2,300,000
Centrepointe La Vergne 37086 2/12 CPDC Centrepointe Holdings LLC Crescent Communities LLC; Crescent Resources LLC $4,867,200 363 White Bridge Nashville 37209 4/4 365 WBR Restaurant Part. Shreibman Family Trust; Shreibman, Amnon; $2,278,000
2019 Old Hillsboro Franklin 37064 1/16 Bryant Carolyn Smith; Bryant Del R Lawrence Jeffrey P; Lawrence Melinda Mcalister $4,800,000 Shreibman, Ruth
107 Brentwood Brntwood 37027 2/12 Vinayak Part. LLC Brentwood Blvd Hotel Dev LLC $4,600,000 Highlands of Ladd Franklin 37064 6/10 Propst Nashville LLC Trillium Farms LP; Trillium Ventures Inc $2,257,000
1202, 1208, 1210, Nashville 37203 1/24 NC Holdings LLC 1212 Broadway Part.; Dunn Earl H Jr $4,550,000 501 Belvedere Gallatin 37066 5/5 Nic Real Estate Holdings LLC Green-Little Prop. LP $2,222,000
1214, 1220, 1222 Broadway 2464 New Salem M’boro 37128 5/7 Southside Oil LLC Convenience Mgmt Group LLC; Real Estate Investment $2,216,800
444 Brick Nashville 37207 2/10 Hawkins William H Trustee 12 Church Associates LLC $4,500,000 Group LLC; Tiger Mgmt Group LLC
Church Park 1642 Westgate Brntwood 37027 1/3 Lodge, Daphne B.; Lodge ,Jeffrey S. Kocina, Ron; Wg Prop. II $2,200,000
1000 Physicians Franklin 37064 2/3 HealthSouth Rehabilitation Hospital Bass E. Warner (Tr) $4,400,000 134, Brntwood 37027 3/28 Pinnacle Brentwood LLC Miles, Joe H. Jr $2,200,000
of Williamson Co. LLC 138 Wilson Pike
101, 102, 103, 104, Nashville 37217 4/17 101 Davenport Drive Holdings LLC Dma Prop. 2 LLC $4,250,000
105, 106, 107, 108, 109, *Included in this list are Davidson, Rutherford, Sumner, Williamson and Wilson counties
110, 111, 112, 113, 114, 115, 116, 117, 119, 120,
121, 122, 123, 201, 202, 203, 204, 205, 206, 207, 208, 209, 210, 211, 212, Chandler Reports has been publishing Real Estate Market Data since 1968. That year, Chandler began
213, 214, 215, 216, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 227, 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, collecting residential sales information for the Chandler Residential Report, considered the authoritative
111, 112, 113, 114, 115, 116, 117, 119, 120, 121, 122, 123, 201, 202, 203, 204, 205, 206, 207, 208, 209, 210, 211, 212, 213, 214, 215, 216, 217, 218, source for residential real estate sales information. Over the next three decades, the publications have been
continually refined, enhanced and expanded, growing to include lot sales data, new residential construction
219, 220, 221, 222, 223, 224, 225, 226, 227, 228, 229, 230, 234 Davenport and absorption information, and commercial sales. In 1987, Chandler Reports began one of the first on-line real estate market data services in the country, and is a
714 8th Nashville 37203 6/12 Sev 8th And Division LLC Awc Part.; Williams J Blount $4,250,000 nationally recognized leader in the industry. In 2004, Chandler Reports was purchased by The Daily News Publishing Co. In 2007, Chandler introduced RegionPlus,
including property research for Nashville and Middle Tennessee. Visit online at chandlerreports.com.
Section A - Page 8 www.TNLedger.com AUGUST 8 – 14, 2014
Electrics, hybrids continue to gain fans
By Hollie Deese | Correspondent
When JP White bought his Nissan
LEAF three years ago this month,
the admitted tech geek was drawn to
electric cars first – and foremost – by the
technology.
But the appeal of bypassing gas pumps
was not insignificant.
The Hendersonville resident considered
buying the Chevy Volt, but it was $7,000
more than the made-in-Smyrna LEAF.
“It has exceeded my expectations in
terms of saving money, so that is a good
thing,” says White, 55, who has been
diligently maintaining a blog devoted to
his LEAF experience ever since, providing
tips to fellow electric car owners about
where new charging stations are going
in, and even posting pictures of SUV’s
parked in charging stations.
“I have been very pleased in its
reliability. Being new technology, I
anticipated being in the dealer every
few months, but I have had virtually no
trips to the dealer at all except for regular Photos this page courtesy of nissan
Nissan sold more than 3,000 Smyrna-made leaFs in July, the second time it has topped that number, according to Tony Weeks, senior manager of leaF
maintenance.”
marketing for Nissan.
Each year, there are more electric “
models available, as well as a wide range sales month for the Focus Electric ever,
prices
of hybrids, which also show no signs of plus five of Ford’s best hybrid vehicle sales
slowing in sales. 2014 nissan lEaF $28,212-$33,892 months ever came in 2014.
People want to make sure
Carmakers, experts say, are not 2014 Ford Focus $32,797-$35,263 And since the introduction of the Ford
ready to invest in just one technology Electric that our infrastructure C-Max in 2012, Ford’s hybrid sales have
over the other, and instead are happy 2014 Chevrolet $25,618-$27,269 is in place and secure grown every year. In 2011, hybrid sales
to offer consumers a mix of products. spark Ev were 32,645, and then slightly higher
enough to handle an EV
Plug-in hybrids and electrics are not in source: U.s. News and world at 39,554 in 2012. A huge leap came
charger, especially in
competition. Report Best Cars in 2013 when hybrid sales jumped to
In the past 12 months, carmakers have the older areas where 102,975.
sold 232,788 hybrids and only 64,877 “Our sales month ended yesterday, and you have smaller homes, “Even though we started our electrified
all-electric and plug-in hybrids. we had over 3,000 sales, which is only vehicle lineup back in ’09, 2012 is when
where an EV charger is
“Obviously we have traditional the second time we’ve done that, and that we really started to see more product
about the equivalent to
internal combustion engines, which are is a very big deal,” Weeks explains. “We come out,” Miller says. “And if people
getting better and better in terms of the have had 17 straight months of averaging the load of half a house. question any OEM’s commitment to
economy,” says Tony Weeks, senior 2,000 sales a month, which we are very So far the capacity has electrified vehicles, then looking at the
manager of LEAF Marketing at Nissan. happy with.” sales is a good indicator both of how well
been fine.”
“We have some hybrids in the lineup. Weeks says Nashville is in the top 15 we are performing in the space, but also
Carla nelson, a senior engineer with the nashville
Out of the alternative fuels, Nissan is overall markets for LEAF sales in the U.S. how serious we are.
Electric service
committed to zero emissions across the “We are real happy with how Nashville “Because if the company wasn’t serious,
board, but heavily invested in electric. is doing, and Tennessee in general,” for the entire U.S. That was a big deal for you wouldn’t be seeing them sold or on
We are pretty much seen as the leader in Weeks adds. us, because when we did that, we were dealer lots.”
electric vehicles right now.” In 2006, Nissan relocated its able to shave off some costs, and having Solid infrastructure
Sales support growth headquarters in Franklin and ramped up that price reduction really allowed us to People with electric cars can access
electric vehicle production in Smyrna. open up the market.”
White doesn’t get as many questions EV [electric vehicle] chargers installed
“A few years ago we localized our Aaron Miller represents product
from strangers about his LEAF on trips at home, work or in the public domain,
manufacturing to Smyrna, so now all the communications for Ford’s electrified
to Publix like he did during the first few with dC fast chargers offering an 80
LEAFs, and all the batteries, all of for our vehicles. He doesn’t speak to Nashville
months after he purchased it, and it could
because it is no longer such a novelty. low emission vehicles are made in Smyrna sales directly, but says July was the best eleCTrIC >> page 9
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AUGUST 8 – 14, 2014 www.TNLedger.com Page 9 – Section A
Tesla moving into market with stores, charging stations
>> electric from p8 stations.
“A lot of times someone will buy an
percent charge in about 20 minutes. Not
EV, and their neighbor sees is and gets
all stations are free, and White says he
interested in it,” she says. “So far, even
averages spending about $7 per month to
though some of our neighborhoods
charge his car.
have been quicker to adopt than other
As an early adopter, White was able to
neighborhoods, we have not had any
get an at-home charging station at no cost
problems with our feeder loads or our
for buying one of the first 1,000 LEAFs in
transformer loading. We have some that
the state.
are pretty heavily loaded, but they were
Also, at the time White purchased
that way before adding any EV chargers.”
his auto, the state was offering a $2,500
Nelson says there have been no issues so
rebate for cars and a $7,500 federal tax
far with customers installing EV chargers
credit to electric car buyers.
at home.
“I do about 75 percent of my charging
“People want to make sure that our
at home and have had good luck with it,”
infrastructure is in place and secure
White says. “In the early days, they had
enough to handle an EV charger,
some software issues, the software was a
especially in the older areas where you
bit unreliable, but they fixed that over Photo courtesy of tesla motors
have smaller homes, where an EV charger
The Tesla roadster blows away several traditional arguments against electric cars with its styling, the
time and now it is fine. Solid.”
is about the equivalent to the load of ability to go from zero to 60 mph in 3.7-seconds, and a range of 245 miles between charges.
Carla Nelson, a senior engineer with the
half a house,” Nelson adds. “So far the
Nashville Electric Service, says more and made it a goal to serve 98 percent of And Nissan is now offering a “No
capacity has been fine.”
more people are asking about charging the U.S. population with Supercharger Charge to Charge” program, and the
One of the reasons for strong local
stations, and installation has steadily stations nationwide by 2015. It recently company has worked with different
LEAF sales, Weeks explains, is the area’s
grown over time with a bulk being opened a service center in Brentwood, and groups to create a network of chargers all
ability to handle the increase in electricity.
put in when the stimulus money was is planning to open a store in Nashville accessible with one card, called the E-Z
“We’ve noticed that different pockets
reimbursed. soon. Charge Network. This program gives new
of the country lead in infrastructure
Interest is growing, if email volume Neither location is a traditional LEAF buyers two years of free charging.
development, and Nashville is pretty far
is an indication, at [email protected], dealership, since they are company owned
along,” Weeks says.
with inquiries about the placing charging and operated. eleCTrIC >> page 13
All-electric luxury carmaker Tesla has
marketplace
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Section A - Page 10 www.TNLedger.com AUGUST 8 – 14, 2014
Recalls provide headaches for owners, opportunity
By Joe Morris | Correspondent GM’s sales strong despite woes
other recent
Trying to find a make and model of car General motors has recalled nearly 30 sale. it’s a longstanding practice used by recalls*
not facing a recall these days is a tall order. million cars and trucks this year, including nearly all automakers to boost sales results.
From general Motors’ top executives some models that had barely rolled off the at Gm, though, the incentive was unusually DATE AFFECTED BRAND
getting hauled in front of Congress for a assembly line. Yet sales have been resil- generous and came as Gm executives try to VEHICLES
grilling to lower-profile actions, 2014 has ient, up 3.5 percent through the first seven steer the company through the worst safety July 30 883,000 Hyundai Sonata, 2011-’14
been full of trips to dealers for repairs. months of the year. crisis in its history, including the recall of Transmission shift cable may detach.
While that’s nobody’s idea of a fun day, in mid-June, however, the automaker was 2.6 million small cars with defective ignition July 29 414,333 GM 2010-’12, including
headed for a year-over-year monthly sales switches tied to at least 13 deaths. the com- Cadillac SRX and Buick
there’s been a positive side for dealers in
decline, according to data compiled by pany has allayed investor fears by saying that LaCrosse models
terms of cementing stronger customer automotive research firms. then, on June recalls have actually helped sales by bringing Seat bolt that may fall out, which could cause the seat to
relationships, and maybe even some sales. 20, Gm asked dealers to buy more cars, and in customers who see vastly improved new suddenly drop to the lowest vertical position.
For example, if someone’s got to come it threw in another $1,000 in discounts per models. July 28 643,618 Chrysler, 2005-’07
back to get something under the hood vehicle, five dealership representatives told “Clearly the timing seems a little suspi- Ignition switches that may be knocked out of the run
replaced, why not get an oil change? Or the associated Press. the company finished cious,” said Jesse toprak, senior analyst for position, turning off the engine or causing the air bags to
not deploy in the event of a crash.
maybe the brakes need repair? the month with a 1 percent gain. the Cars.com website who predicted on June
July 21 573,395 BMW, 2000-’06, including
It might even be time to kick some the dealers said they were asked to buy 22 that Gm sales would be down 7 percent 323i and M3 models
the cars for a rental program, one that pro- for the month, compared with a 2 percent
tires on a newer model. All of these and Air bag inflators that may rupture upon deployment of
more are happening at Middle Tennessee vides loaner cars for people whose vehicles decline for the rest of the industry. the air bag.
dealerships. are being serviced. When they buy the cars -- associated Press July 21 554,328 Cadillac, 2003-’14
for the program, Gm counts them as a retail
Ignition switches that may move out of the run position,
“Most people come in just to get
turning off the engine or causing the air bags to not deploy
the recall item taken care of, but once Toyota. they have any needs while they’re here for in the event of a crash.
they are here they do think twice about
“It’s an opportunity for us, yes, but it’s the service visit.” July 21 392,459 GM, 2014-’15, including
maybe getting other services,” says also a scary thing for customers,” Eaden However, if someone just wants the Chevrolet Silverado and
Angie Carpenter, a customer service GMC Sierra models
says. “We make sure that they know replacement or enhancement done, then
Electrical signal short which may cause the transfer case
representative with Bob Frensley Chrysler
that the recall isn’t necessarily about the goal is always to meet that need and to shift to neutral
Jeep dodge Ram.
something that could go wrong, but about get him or her back on the road. July 14 651,130 Chrysler, 2011-’14,
“We want to make sure that their main an improvement that will help their car “We’re certainly not saying we like including Jeep Grand
issue, the recall problem, is taken care of, Cherokee and
function better. Even so, it’s a double- recalls, but sometimes they are necessary,”
Dodge Durango models,
and if they want to look around, we’re
edged sword and we are aware of that.” Eaden says. “We want people to know Recalled for wiring in the vanity lamp that may short
happy to help them.” The goal, she says, “is to make sure that work will be done as quickly as circuit, increasing the risk of a fire.
Making sure that customer leaves we’re doing a good job with that possible, because it’s important for us to national highway traffic
happier than they arrived is the key, adds safety information
customer. If it’s someone we haven’t seen have them back in their car, and that car
Ann Eaden, vice president at Beaman *affecting over 300,000 vehicles.
in a while, then yes, we can find out if in the optimum operating mode.”