Tower Investments has sold its Fairfield, Iowa Distribution Center.  The sale consisted of 210,000 square feet of distribution warehouse space and 25 acres of adjoining land.  Tower owned the property for 6 years and had leased the Distribution Center to “Books Are Fun”, a Division of Readers Digest.

Tower Investments has sold 9,817 acres in Glenn County, California to Snow Mountain Lake, LLC, an entity owned by a top Google executive.  The Big Valley Ranch, located on Stony Creek, sits at the base of Snow Mountain, the highest peak (7,059’ elevation) in the Coast Range. 

 

With nine lakes, the ranch is rich in wildlife, and is also home to a cattle herd as well as a buffalo herd.  The ranch is at the doorstep of the Mendocino National Forest and the Snow Mountain Wilderness Area offering unparalleled and coveted access to California’s natural wonders.  Tower will continue to manage the ranch for the new owners.

 

The budget for the new convention center was dealt another blow Friday when a Nashville judge affirmed an earlier jury ruling that said Metro did not pay a fair price for a critical piece of land for the project.

The Metro Development and Housing Agency, which was in charge of acquiring land for the Music City Center, hoped Circuit Court Judge Joe Binkley would reduce a critical July jury verdict in the contentious eminent domain case against development firm Tower Investments. Instead, Binkley agreed with the jury’s verdict that MDHA undervalued the land, which the city condemned and took from Tower to construct the new convention center south of Broadway.

Binkley rejected motions filed by MDHA seeking a new trial or to have the $30.4 million jury verdict reduced.

Tower Investments has sold 7,934 acres of its ranch land in Northern California  - to two Indian tribes.  Tower Investments had owned and operated these ranches for many years. 

 

Yolo County, CA: 

Yocha DeHe Wintun Nation – 1,494 acres - added to its ongoing stewardship of its ancestral lands and its culture.  The tribe operates diversified farming and ranching operations in Capay Valley, and includes winemaking and olive oil production.  The Nation also owns and operates the Cache Creek Casino Resort, the largest private-sector employer in Yolo County.

 

Colusa County, CA: 

Cachil DeHe Band of Wintun Indians – 6,440 acres, adding to its diversified ranching and farming operations.  The tribe grows crops that include tree crops, grains and field crops, including 2,800 acres of rice.  The tribe’s reservation is the Colusa Rancheria, founded in 1907.  The tribe also owns and operates the Colusa Casino Resort.

After a 6 month stay at Tower Investments' offices at 411 Broadway, office staff of the Schermerhorn Symphony returned home following the Symphony building’s rehab as a result of the 2010 flood that devastated Nashville.  Responding to a need by the Symphony office staff for immediate space, Tower Investments donated the office space which accommodated 20 of the Symphony's office staff.  Tower Investments was happy to accommodate the Schermerhorn Symphony staff and assist the Symphony in its time of need.

Nashville Scene Lists New Destination and Eatery in Annual Reader's Poll

 

(Nashville, Tennessee...) -- October 7, 2010 -- After opening to the public exactly four short months ago, the residents of Middle Tennessee have voted the Fontanel Mansion and Farm one of the Top 3 in the category "Best Thing That's Changed in Nashville in the Last Year" in the Nashville Scene's 21st Annual Best of Nashville® issue which just hit news stands. Nashville's newest visitor destination ranked just behind "Volunteer spirit after May flood" and "We are Nashville" in the high-profile readers' poll. In addition the Farm House Restaurant at Fontanel was highlighted in the "Best Culinary Trend: Growing Your Own Food" category in the "Food and Drink 2010: Writer's Picks" in the same issue.