Developers vying for big Charlotte Avenue property

Nashville business owner Tamay Ozari says a California developer has offered him $10 million to buy the nearly 7 acres he owns on Charlotte Avenue.

Ozari isn’t biting. He’s persisting with his own plans to redevelop his land with 280 apartments with offices, restaurants and a small grocery. He is fully aware that its value is rising as Charlotte Avenue’s budding revitalization appears to be taking hold — in a hurry.

Ozari founded and owns a few restaurant supply businesses, including L&L Restaurant…

Waffle House buys Third Avenue North site

Waffle House has closed on the site that will bring the popular 24/7 chain to downtown Birmingham.

Evan Dujanovic, a broker with Commercial Property Services Inc., said this week the property at 1104 Third Ave. N. was sold to Waffle House for $435,000.

Waffle House first announced plans to come downtown at a January Design Review Committee hearing.

The former Krystal building has been vacant for many years, Dujanovic said, but Waffle House will start work in about six months to redevelop the property…

A solid year for SAIC brings a healthy bump in compensation for CEO Tony Moraco

Science Applications International Corp. CEO Tony Moraco enjoyed a healthy bump in pay during the company’s first full year of independence.

For SAIC’s fiscal 2015, which ended Jan. 30, Moraco earned $5.77 million, compared with $5.47 million the year before. Of that, his salary increased to $905,769, from $737,019 — still a bit below the median in the market, according to the company’s April 24 proxy — and his cash incentive payment was $1.14 million, compared with $806,055 the prior year.…

Reporter's Notebook: Rattlesnake Roundup is a must-see event for residents of one South Texas town

Each town in the Eagle Ford shale region has its own character and Freer, Texas, is no exception. Located at the crossroads of three major Eagle Ford highways, Freer is crucial hub for service companies and logistics. But during the last weekend of every April, the town of 3,200 souls is home to the largest Rattlesnake Roundup in South Texas.

Facebook Photo Slideshow: Rattlesnake Roundup

This year marked the 50th anniversary of the of the festival. I dropped by on Saturday and the event did…

Fort Worth's apartment rent growth breaks record at 6.8% annual gain

Fort Worth’s annual effective rents grew 6.8 percent year-over-year in March, which is the city’s highest rent gain in the current real estate cycle, according to research from Addison-based Axiometrics.

Meanwhile, the annual effective rent growth for the same time period in Dallas reached 6 percent. Dallas and Fort Worth’s annual rent increases surpass the national effective rent growth of 5 percent.

“What’s amazing is that rent growth continues climbing and both markets are full, by Axiometrics’…