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By: William Williams
Posted: Thursday, October 8, 2015 - 14:30
The owner of Cummins Station says no specific timeline is in place for major expansion of the iconic office and retail building despite a permit having recently been issued to allow for such. Zach Liff, DZL Management president, told the Post much work needs to be done before any floors can be added to the top of the 400,000-square foot structure.
By: Geert De Lombaerde
Posted: Thursday, October 8, 2015 - 12:39
Shares of Genesco are getting a boost today thanks to C.L. King analyst Steven Marotta, who has hiked his rating on the Nashville-based company to 'strong buy' from 'buy.' As of 11:10 a.m., Genesco (Ticker: GCO) was up almost 5 percent to $60.65. The shares are still down about 20 percent year to date, though.
By: Geert De Lombaerde
Posted: Thursday, October 8, 2015 - 11:04
National HealthCare Corp. and Bank of America have agreed to a new $175 million line of credit that will replace the companies' $75 million deal, which was to have expired Oct. 21. NHC CEO Robert Adams says the new line will let his team complete the roughly $170 million redemption of their preferred shares while continuing to invest in their regular businesses. The credit line will mature on five years.
By: William Williams
Posted: Thursday, October 8, 2015 - 10:16
Music City Center officials announced today that the SoBro-based convention building generated more than $110 million in economic impact during the first quarter of fiscal year 2016.
By: Geert De Lombaerde
Posted: Thursday, October 8, 2015 - 08:42
There appears to be no letup in sight to the growth at Franklin Synergy Bank: After finishing the second quarter with $1.77 billion in assets, the eight-year-old bank powered its way to $2 billion before the end of Q3. Chairman and CEO Richard Herrington says the integration of MidSouth Bank has gone well and let his team maintain its momentum.
By: Geert De Lombaerde
Posted: Thursday, October 8, 2015 - 07:24
Surgery and physician services company AmSurg is moving up the ranks of Standard & Poor's. The stock index compilers on Wednesday said the Burton Hills-based company will jump from the SmallCap 600 to the MidCap 400 on the afternoon of Oct. 14.
By: William Williams
Posted: Thursday, October 8, 2015 - 07:05
Samsung Techwin America has announced a partnership with Nashville-based cloud provider Smartvue Corp. Financial terms of the deal were not disclosed in a release.
By: Geert De Lombaerde
Posted: Thursday, October 8, 2015 - 06:51
One of the drivers of Nashville's hot real estate market in recent years has been the infusion of capital from large out-of-market investors. That group is as enthusiastic as ever about the Music City's propsects: In "Emerging Trends in Real Estate 2016," a wide-ranging industry report, investors and other industry players rank Nashville's commercial real estate prospects seventh in the country. Many of them place the city in a small group of Southeastern "villes" (including Knoxville, Jacksonville and Gainesville, Florida) that have become attractive second-tier investment markets.
By: William Williams
Posted: Wednesday, October 7, 2015 - 14:28
The Tennessee AFL-CIO Labor Council announced today it has elected Billy Dycus to serve as president. He succeeds Gary Moore, who chose not to seek re-election after serving as president since 2011. Previously, Dycus served as the president of United Steelworkers Local 1155L in Morrison, Tennessee, according to a release.
By: Geert De Lombaerde
Posted: Wednesday, October 7, 2015 - 13:21
It's a big day for the Goldberg brothers' Strategic Hospitality and chef Rene De Leon: Tonight, they will formally open the doors to Le Sel, a "New French" restaurant in Midtown's Adelicia condominium building. Our colleague Nancy Floyd at Nfocus fired a few questions at De Leon about Le Sel and Nashville's restaurant sector as a whole. Here's a taste of the conversation: