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POSTBUSINESS

By: William Williams
Posted: Friday, August 7, 2015 - 07:25
Universal Music Group has named music industry veteran Jay Frank senior vice president of global streaming marketing, a newly created position, musicrow.com reports. Frank founded music and marketing analytics companies DigSin and DigMark. In addition, he previously worked with Viacom’s CMT and Yahoo!. According to musicrow.com, Frank and his employees will remain based in the Nashville headquarters of DigSin and DigMark.
By: Geert De Lombaerde
Posted: Friday, August 7, 2015 - 07:06
Analyst Paula Torch at Avondale Partners says investors should take advantage of the little drop in shares of HCA Holdings since the hospital giant’s second-quarter profit report and conference call. Torch says HCA executives’ comments about the impact of health care reform may have led to the 7 percent intraday drop in HCA shares (Ticker: HCA) Wednesday. (They rebounded later in the day but gave up another 1 percent Thursday.)
By: William Williams
Posted: Friday, August 7, 2015 - 06:45
A permit has been issued to allow removal of a portion of the concrete parking deck of Germantown's The Square at Fourth and Madison, a mixed-use building  former Tennessee Titans offensive tackle Michael Roos developed. According to the Metro Codes Department document, Demo Plus will handle the work. The permit is valued at $31,850. Of note, the building is recognized, in part, for a rooftop basketball court.
By: William Williams
Posted: Thursday, August 6, 2015 - 13:11
There has been some confusion regarding the eventual height of SoBro, the luxury apartment building under construction at the southeast corner of the intersection of Demonbreun Street and Second Avenue. An article in JLL’s The Investor noted SoBro could push nearly 400 feet. Relatedly, some local manmade environment enthusiasts (including this writer) have speculated the 33-story high-rise would stand at least 360 feet.
By: William Williams
Posted: Thursday, August 6, 2015 - 11:34
The Convention Center Authority announced today that the preliminary operating results of the Music City Center for fiscal year 2015 show operating revenues of more than $32.5 million and expenses of $30.9 million. The numbers exceed the budgeted operational projections, according to a release. The authority currently has more than $45 million in reserves.
By: Geert De Lombaerde
Posted: Thursday, August 6, 2015 - 11:15
Paula Torch at Avondale Partners really likes the look of AmSurg following the surgery center and physician services company's second-quarter profit report. The integration of the Sheridan physician services business is running smoothly, she says, while organic growth is topping expectations and the acquisition pipeline is solid. In response, Torch has hiked her price target for AmSurg (Ticker: AMSG) all the way to $90 from $74.
By: Geert De Lombaerde
Posted: Thursday, August 6, 2015 - 08:48
Noranda Aluminum Holding President and CEO Kip Smith on Wednesday said his team is working around the effects of a major explosion at its New Madrid, Missouri, plant. The accident — apparently caused by molten aluminum coming into contact with water — is limiting the production of extrusion billet, a cylindrical aluminum product.
By: William Williams
Posted: Thursday, August 6, 2015 - 07:15
Vanderbilt University has tapped John M. Sloop as associate provost for digital learning. According to a release, Sloop (pictured) will oversee the Vanderbilt Institute for Digital Learning and will focus on the development and implementation of school-based educational technology initiatives. In addition, he will provide oversight of campus partnerships and experimentation with Coursera and Blackboard, among other digital platforms.
By: Geert De Lombaerde
Posted: Thursday, August 6, 2015 - 07:04
Community Health Systems executives and their peers at the Metro Health hospital system in the Grand Rapids region have pulled the plug on a planned $260 million acquisition by the locally based industry leader. The parties' talks were first made public almost two years ago, and a succesful deal would have taken CHS into Michigan for the first time.
By: William Williams
Posted: Thursday, August 6, 2015 - 06:45
The Nashville office of JLL has promoted Lochlin Caffey to associate director. Caffey (pictured) works with JLL’s project and development services group, managing the design and construction of corporate real estate projects. His recent achievements include the Tennessee Department of General Services’ Project T3, which included the renovation of more than 1.3 million square feet of owned office space to facilitate the reduction of leased office space. According to a release, the move will save the state approximately $100 million over a 10-year period.