Bell Construction names president

Staff Reports

A Los Angeles music industry producer and executive has sold his Berry Hill studio property for sale for $2.35 million.

Ron Fair — who has worked with Christina Aguilera, Vanessa Carlton, Keyshia Cole and The Black Eyed Peas — and wife Stefanie Jill Fair had asked about $2.9 million for the property, as the Post reported in May 2022.

The Fairs paid $890,000 for the 0.21-acre property, located at 2814 Azalea Place, in January 2017, Metro records show.

group Wild Orchid, which included Stacy Ferguson (“Fergie” of The Black Eyed Peas). The office building that sold was constructed in 1941 and offers about 4,310 square feet, making it one of the larger such structures located in Berry Hill. It is home to no tenant, but at one time seemingly accommodated Playground Recording Studios.

Brentwood’s Bell Construction announced Monday that Eric Pyle has been named president.

According to a release, Pyle replaces his father, Keith Pyle, who served as president of Bell since 2005 and will now serve as chair of the company’s board of directors.

Eric Pyle has been with Bell (stylized as “BELL”) for approximately 16 years. He assumes day-to-day leadership of the company after having most recently served as member and as executive vice president of building operations.

Having joined Bell part-time in 2002, Pyle went on to graduate with a degree in construction engineering technology from Murray State University in 2007. At that point, he was promoted to full-time position of project engineer. Since then, he has held the roles of partner and project executive and was recently promoted to head the company’s building division as building division manager.

“This announcement is the culmination of the company’s diligent, long-range succession planning process and comes at the right time as BELL is performing at its best yet and positioned for significant growth in Middle Tennessee and beyond,” Keith Pyle, who has worked at Bell for more than 37 years, said in the release. “BELL’s board members and I are confident that Eric is the right person to continue to lead this momentum. He embodies the company’s core values and has demonstrated an unparalleled commitment to the success of our team and clients over the past 16 years.”

Bell Construction provides general contracting, design-build and construction management services, with a focus on the hospitality, office and transportation sectors. Since its founding in 1970 by the late Ray Bell, the company has overseen approximately 1,000 construction projects.

This story was first published by our sister publication Nashville Post.

According to a Davidson County Register of Deeds document, the new owner is Soundville Holdings LLC, led by member Michael A. Smith (details about whom the Post was unable to determine). The LLC has landed a loan, valued at $1,997,500, from Pinnacle Bank, a separate document notes.

Ron Fair has served as an executive with Geffen Records, Virgin Records and A&M Records, among other labels. He has produced multiple number one singles and has worked with Mary J. Blige and Queen Latifah, in addition to the aforementioned artists.

Stefanie Fair was a member of girl

The sale is the equivalent of about $545 per square foot based on the building’s size. The asking price was the equivalent of about $670 per foot.

Of note, the Los Angeles Times reported in 2016 that the Fairs had listed their Brentwood home for sale for $15.5 million. They bought the property for $7.25 million, the newspaper noted.

Stephen Prather and Tee Patterson, first vice presidents with Nashville-based Charles Hawkins Co., represented the Fairs. The Post was unable to determine if the buyer used a broker.

This story was first published by our sister publication Nashville Post.

Lipscomb sells three properties near campus

BY WILLIAM WILLIAMS

Lipscomb University has undertaken the latest in what has become a series of real estate transactions — with this deal, however, seeing the school as the seller and not the buyer.

According to a Davidson County Register of Deeds document, Lipscomb sold for a collective $2.2 million three properties: 1110 Caldwell Lane, 1112 Caldwell Lane and 1518 Grandview Drive.

The buyer was Franklin’s Sunnybrook Investment LLC, details about which the Post was unable to determine.

The university paid $1 million for the two adjacent Caldwell Lane properties (neither offering a building) in late 2014, Metro records show. It paid about $493,000 for the 1518 Grandview Drive property, which offers a single-family home, in late 2022.

The transaction follows Lipscomb’s having completed multiple purchases of properties from RER Partnership since October 2022.

Lipscomb officials have declined to comment regarding the university’s previous real estate deals and their plans related to those efforts.

The Post was unable to determine if brokers were involved in the latest transaction. This story was first published by our sister publication Nashville Post.