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Salemtown's 'No Dog' building to be stabilized

One of Salemtown’s most distinctive buildings is slated to be improved as owner Oak Tree Partners LLC plans to do some interior work to stabilize the aging structure.

Recognized for a “No Dog” sign painted on its façade and located at 1604 Sixth Ave. N. in North Nashville, the building was constructed in 1897.

“We want to clean, stabilize and salvage as many historical elements as possible while we work with the neighbors on transitioning the space,” said K. Clay Haynes, Oak Tree vice president and managing partner.

Oak Tree, a Gallatin-based family-owned boutique development company, has secured from Metro a permit, valued at $1,900, for the work.

“I’ve had a site design for the property and we’ve gone back and forth regarding the building’s future use,” Haynes added.

As to the unusual signage, which has been on the building for at least 10 years, Haynes said with a chuckle, “The sign will remain for the time being. The ‘branding’ has grown on me.”

Oak Tree is using Quirk Designs for architecture work and Dale & Associates for the engineering and land planning effort.

Tim Walker, executive director of the Metro Historical Commission, said he is pleased the building will be improved.

“It is one of the last remaining examples of late 19th century duplexes of this style and form in Davidson County,” Walker said.

 


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Apr 16, 2014 1:50 PM

Ingram Content to work with five university presses

Ingram Content Group Inc. today announced that New York University Press, Penn State University Press, University Press of Kansas, Ohio University Press and the University Press of Mississippi have selected the company’s CoreSource digital asset management platform for the storage, management and distribution of digital content.

Financial terms of the deal were not disclosed in a release (read here).

Each of the new presses takes advantage of Ingram's print-on-demand services through Lightning Source.

Relatedly, the Penn State, Ohio, Kansas and Mississippi university presses have elected to use Ingram's CoreSource Plus, which manages the business relationship with e-book re-sellers in addition to asset distribution.

"The digital age provides new opportunities for the publication and distribution of scholarly content," Marcus Woodburn (pictured), Ingram Content Group vice president of digital products, said in the release.  "We are happy to welcome these new presses on board, and are pleased that Ingram's integrated physical and digital distribution solutions and worldwide market reach will have a role in helping the valuable content of these prominent presses easily get their content into the hands of educators, students and researchers."

Ingram Content Group Inc., which is headquartered in La Vergne, is a subsidiary of Nashville-based Ingram Industries Inc.
 

Apr 16, 2014 12:27 PM

Omnis Health launches new glucose test for diabetics

Nashville-based Omnis Health has launched EmbracePro, a blood glucose meter for medical professionals.

"Omnis Health is proud to be entering the long-term care market," Rob Burton, Omnis president, said in a release. "Our company is committed to delivering health care innovations to both patients and clinicians. EmbracePro is designed with professionals in mind. We know that clinicians need fast and accurate meters and EmbracePro provides that reliable technology."

Approved for multi-patient use, the product features a hygienic test strip release button and provides results within five seconds. EmbracePro also stores up to 500 blood test results with date and time state for data management.

Apr 16, 2014 11:15 AM

Royalty Exchange taps Harmon VP of music sales

Royalty Exchange has named Rusty Harmon vice president of music sales in Nashville. Harmon is the former manager of Hootie & The Blowfish. Raleigh, N.C.-based Royalty Exchange is an online marketplace for buying and selling royalties in music, patents, trademarks and film/television. Read more here at musicrow.com

Apr 16, 2014 10:30 AM

What it will take for HealthStream shares to turn around

Shares of HealthStream are off 25 percent so far this year partly because investors have been digesting the lowered operating income guidance that came with word of the March acquisition of a compliance curriculum provider. But local Avondale Partners analyst Richard Close told clients Wednesday that the company's upcoming Q1 earnings report offers a way for the stock to recover some of those losses. What CEO Bobby Frist and his team will have to show, Close said, is continued subscription revenue growth of at least 30 percent and the addition of a minimum of 50,000 subscribers. (Last quarter, those numbers were 36 percent and 289,000.)

"Assuming organic growth exceeds 20 percent, we believe that the risk/reward scenario will lead to positive returns for investors," Close said.

HealthStream (Ticker: HSTM) was up slightly to $24.23 in the first hour of trading Wednesday. Close has a price target of $33.50.

Apr 16, 2014 9:48 AM

From the mall to the diner

You don't have to look far these days to find a headline about a restaurant chain struggling to attract or retain diners. But there could be a growing opportunity in luring young people: John McDuling at Quartz has an interesting read on a Piper Jaffray report detailing teenagers' increasing proclivity to gather at restaurants rather than at shopping malls.

Apr 16, 2014 8:49 AM

Local FEI chapter names Bryant board president

The Nashville Chapter of Financial Executives International has selected Michael Bryant, National Association of State Boards of Accountancy chief financial officer and senior vice president, to be its board president for the 2014-15 year.

Bryant (pictured) joined FEI in 2011 and served on the Nashville board as co-vice president of program development from 2012 to 2014. In that role, Bryant and co-chair Angie Taylor of Vanguard Health Care LLC brought FEI Nashville members programming that included Alberto Gonzalez, former attorney general in the George H.W. Bush administration; Henry Juszkiewicz, CEO of Gibson Guitar Corp.; and Steve Buchanan, president of the Opry Entertainment Group and executive producer of TV show Nashville.

“Michael’s been an asset ever since he joined FEI,” Mark Myers, former FEI president, said in a release. “We look forward to his leadership, professionalism and creativity moving us toward how we can be a better organization locally.”

FEI operates as a forum for financial executives to network and share practices, be represented in critical national and global policy debates, and be aligned with a culture that fosters ethical leadership. The FEI Nashville Chapter has more than 120 members representing an association of senior- and mid-level corporate financial managers.
 

Apr 16, 2014 7:15 AM

Oppenheimer upgrades CHS

Oppenheimer analyst Michael Wiederhorn this week raised his rating on shares of Community Health Systems — which are down 8 percent in 2014 and 15 percent over the past six months — to 'outperform' from 'market perform.' Wiederhorn's $55 target price leaves more than 50 percent of upside and is 12 percent above the Street's median target of $49.

Apr 16, 2014 7:01 AM

Words & Music adds Melnick as director of creative licensing

Copyright administration company Words & Music has hired Mary Kate Melnick as director of creative licensing. Read more here at musicrow.com.

Apr 16, 2014 7:00 AM

Reining in the patent trolls

State lawmakers on Monday sent to Gov. Bill Haslam a bill that will hit with damages and costs entities filing bad-faith patent infringement cases — so called "patent trolls" — against Tennessee companies. A trio of Bass Berry & Sims attorneys has some insights on the legislation.

Under the bill, intended recipients of communications that meet any of these requirements may file suit in any Tennessee circuit or chancery court. Those who prevail shall be awarded litigation costs and fees, including attorneys’ fees, and may be awarded actual damages as well as punitive damages equal to three times the amount of actual damages. In addition, the office of the attorney general is empowered to enforce the bill through its investigative and prosecutorial authority.

Apr 15, 2014 2:11 PM