Tower Investments Buys Office Complex in Fair Oaks, CABy Press ReleaseAugust 28, 2013 Tower Investments is pleased to announce the purchase of a 15,275 square foot, multi-building office complex located at 8146 Greenback Lane, Fair Oaks, California. Comprised of three multi-tenant office buildings (two single-story and one double-story), the complex was 40% leased at the time of purchase. Towers intends to condo the property and sell individual buildings to investors or users. Read More |
Small town life, big conveniencesBy Bill Lewis - The TennesseanJune 20, 2013 Since August, 45 families have purchased or placed contracts to buy customized homes in the neighborhood, according to Tower Investments LLC, the company developing the neighborhood. Ryan Homes, a national company, is building all of the homes in Stream Valley. Located near Lewisburg Pike and the Goose Creek Bypass, Stream Valley is part of a wave of development along Interstate 65 near State Route 840. The community is less than a mile from Berry Farms, a mixed-used development that eventually will include several hundred single-family homes, townhomes and apartments, as well as several million square feet of office and retail space. Nearby, Thompson’s Station is also growing. mars. Petcare is building an $87.9 million innovations center, and Shelter Insurance is investing up to $5 million to build a 30,000-square-foot headquarters inside Tollgate Village, a 330-acre mixed-use community being developed by Dock Street Communities. It may eventually have up to 550 homes. Read More |
Stonyford Ranch hosts Field of Dreams annual Kid’s Fishing Day
May 20, 2013 The Marks family was proud to once again host the Field of Dreams annual Kid’s Fishing Day at the Stonyford Ranch, in Stonyford, California. Fourteen families and a total of 34 children were in attendance. The kids and their families had the chance to catch fish either from a pier or from a boat. The boats were a big hit with the kids and were 100% occupied throughout the day. A lunch was hosted back at the Ranch headquarters where the kids also had the chance to meet a Cal Fire crew and had the opportunity to spray water from the fire engine’s hose, turn on the lights and sound the siren. For more information please visit the Field of Dreams website. Read More |
Tower Investments Buys Auburn Bluffs Estate subdivision, Auburn, CABy Press ReleaseMay 3, 2013 Tower Investments is pleased to announce the purchase of the Auburn Bluffs Estates subdivision in Auburn, CA. The project is currently approved with a final map for 46 townhome lots. Tower intends to continue processing a tentative map for 29 single family dwelling lots for the property to offer greater flexibility to prospective buyers. Located a short distance from historic downtown Auburn, this commercially-finished “in-fill” project offers premium views of the American River Canyon and distant views of Folsom Lake. Read More |
Work starts on 345-acre Stream Valley community in FranklinBy Nevin Batiwalla - Nashville Business JournalJune 20, 2012 Residential development is underway on Stream Valley, a massive mixed-use project in southern Williamson County. In April, Tower Investments LLC and Tennessee Contractors Inc. paid $5.8 million for the 345-acre planned community near the intersection of Goose Creek Bypass and Lewisburg Pike in Franklin. The land is zoned for 824 single-family homes, 240 condos/apartments, 290,000 square feet of office space and 10,000 square feet of retail. The planned community is located near Boyle Investment Company's mixed-use Berry Farms development. Read More |
Sale of 210,000 SF Iowa Distribution Center in Fairfield, IABy Press ReleaseJanuary 11, 2012 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. Read More |
Tower gets victory in convention center caseBy Nate Rau - The TennesseanDecember 3, 2011 Project budget at risk as judge agrees Metro underpaid for land
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. Read More |
Tower Investments and Carrell Family sell 4 parcels for $180/square foot in downtown Nashville (site of new Music City Omni Hotel) for $31.7 millionBy Press ReleaseJuly 11, 2011
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Forbes Lists Nashville As No. 3 Boom TownBy Janet Kim - News Channel 5July 8, 2011 NASHVILLE, Tenn. - Music City is getting national attention as one of the country's top boom towns. Forbes.com has listed Nashville in their top five.
In order to put together the list, Forbes with the help of a strategy group determined what cities were best positioned to grow and prosper in the coming decade. Nashville came in third.
Forbes looked at the 52 largest metro areas in the country and ranked them based on past and present growth. According to the report, Nashville earned its ranking for low housing prices and pro-business environment. The city has also experienced a rapid growth in educated migrants. The city is also seeing growth in new ethnic groups, such as Latinos and Asians.
Two advantages specifically cited for Nashville and other rising Southern cities area a mild climate and a smaller scale. Music City does not appear to be suffering from transportation bottlenecks reported in older growth hubs.
Among other cities on the list, Austin, Texas is ranked number one. Raleigh, North Carolina is ranked two. San Antonio, Texas and Houston, Texas were numbers four and five. Several of the nation's former boom towns are now toward the bottom of the list. Los Angeles and Chicago are tied for 47th place. Read More |
Sale of Northern California Ranch land to two Indian tribesBy Press ReleaseJuly 8, 2011 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. Read More |
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