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POSTBUSINESS

By: William Williams
Posted: Monday, August 10, 2015 - 13:14
One of Midtown’s more distinctive buildings is now for sale, thus continuing the hot real estate activity in the bustling district located west of downtown. The property, listed for $2.5 million, is located at 1418 Church St. and recognized for its building’s unusual shape and color scheme. Spanning 9,729 square feet, the structure underwent an adaptive reuse update in the mid-2000s during the time when Nashville’s urban infill focus was developing some traction.
By: William Williams
Posted: Monday, August 10, 2015 - 11:38
The average per-gallon price of regular gas in Nashville on Sunday was $2.41, down four cents compared to the mark of a week ago and down 17 cents from the figure of four weeks prior. This time in 2014, the average per-gallon price of regular gas in Nashville was $3.29. Relatedly, Tennessee’s average price was $2.32 Sunday, down five cents compared to the figure from the previous week, according to AAA The Auto Club Group. The price was $2.52 four weeks ago and $3.24 a year ago. In Tennessee, the peak price to date this year has been $2.58 (on June 17).
By: Geert De Lombaerde
Posted: Monday, August 10, 2015 - 09:53
Analyst Paula Torch at Avondale Partners has raised her price target for shares of Acadia Healthcare following the company's second-quarter profit report. The Franklin-based behavioral health care provider is ahead of plan this year in adding beds to its facilities, and new projects will add to the company's ability to grow its top line to $4 billion by 2018. Torch also says margins — especially at the company's United Kingdom and acquired CRC operations — still have upside.
By: William Williams
Posted: Monday, August 10, 2015 - 09:46
Turnberry Associates announced today its SoBro project has been modified, with a previously planned office tower now on hold. In a statement, Turnberry Chairman and Chief Executive Officer Jeffrey Soffer said the immediate focus of the project will be on the 35-story 532-room J.W. Marriott hotel structure. To offer 50,000 square feet of meeting space, the hotel tower will be located at the southwest corner of the Demonbreun Street and Eighth Avenue South intersection.
By: William Williams
Posted: Monday, August 10, 2015 - 08:30
A small building home to a Walgreens pharmacy and sitting in the shadows of Saint Thomas Midtown Hospital has landed two tenants. Stan Snipes, senior advisor with Sperry Van Ness | Investec Realty Services, brokered the two leases for the owner, bringing the building to full occupancy.
By: Geert De Lombaerde
Posted: Monday, August 10, 2015 - 07:18
Matt Rogers at Eater Nashville reports that the Magnolia South restaurant on Hayes Street abruptly closed its doors last week. The eatery had opened its doors less than a year ago, filling the spot previously occupied by Mambu and Rosebud.
By: William Williams
Posted: Monday, August 10, 2015 - 07:00
In what might rank among Nashville’s more questionable potential developments pondered during the past few years, Omni Hotels officials are considering the possibility of a tower to be constructed on a portion of downtown’s Bridgestone Arena footprint.
By: William Williams
Posted: Monday, August 10, 2015 - 06:45
On Thursday, Aug. 13, Pathway Lending’s Women’s Business Center will host the Women’s Automotive Academy. Post Managing Editor William Williams caught up with Amy Bunton, WBC president, to discuss the academy and center.
By: Geert De Lombaerde
Posted: Friday, August 7, 2015 - 10:06
The board of newly public Community Healthcare Trust has declared the company’s first dividend. Shareholders of record as of Aug. 20 will in early September receive 14.2 cents. That equates to an annualized payout rate of $1.50 and a dividend yield of about 8 percent. Shares of Community Healthcare Trust (Ticker: CHCT) are down slightly this morning to $18.29. They went public in May at $19.
By: Geert De Lombaerde
Posted: Friday, August 7, 2015 - 09:09
Local blow dry bar The Blowout Co. will later this month open its third local outpost, setting up in 1,400 square feet in the Gulch's Terrazzo tower. The chain founded by Leslie Embry also plans to open a store in Chattanooga in September. “We’re excited to move into the Gulch where we’ll be surrounded by so many thriving businesses and amazing people,” Embry said. “The new location will allow us to more easily serve our downtown clients and better accommodate Nashville visitors.”