The one section of the newspaper that probably gets read the least, other than legal notices, is the notice of real estate transactions. But being the geek I am, combined with an interest in real estate and investing, I usually browse to see who's buying and selling which properties and at what price.
One transaction I saw in today's City Paper stood out as very interesting. It was the sale of a $1.4 million penthouse condo at the newly built Adelicia. Unit number 1705 was purchased by Simon Fuller.
Simon Fuller is the creator of American Idol, as well as about a dozen variations of it around the world. He also manages the careers of David and Victoria Beckam, Annie Lenox, and Claudia Schiffer. Time magazine ranks him as one of the 100 most influential people in the world.
So what is he doing buying a home in Nashville? Who knows, but it can only be a good thing for us.
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