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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:
By: William Williams
Posted: Wednesday, October 7, 2015 - 12:00
Demand for Class A office space in the Nashville market remained strong through the third quarter, with only 25,000 square feet available within two Class A buildings opened during the past 12 months, according to a report from the Nashville office of Colliers International. With direct vacancy down to 4.2 percent at the close of the third quarter, Nashville’s office market needs construction to keep pace with the leasing momentum for office space, according to the report.
By: Geert De Lombaerde
Posted: Wednesday, October 7, 2015 - 10:22
Locally based cleaning services franchisor Chem-Dry has signed a master franchisee to develop Trinidad & Tobago, making the Caribbean island nation the 50th country in which Chem-Dry does business. The company plans to keep trucking and is targeting parts of Europe, Asia and Latin America, where its business mix often differs from that in its home territory.
By: William Williams
Posted: Wednesday, October 7, 2015 - 10:02
San Diego-based Southwest Value Partners will align with the investors who are under contract to acquire downtown’s LifeWay Christian Resources campus, Nashville Business Journal reports. Robert Sarver, who is the majority owner and managing partner of the Phoenix Suns National Basketball Association franchise, founded Southwest Value Partners in 1990. Forbes in January valued the NBA entity at $910 million. Sarver (pictured) also is chairman and CEO of Western Alliance Bancorp, which has $13.5 billion in assets.
By: Geert De Lombaerde
Posted: Wednesday, October 7, 2015 - 09:08
Good news for Nashville-area homeowners: Housing market research firm CoreLogic says the average August home price in the region, including distressed sales, was 8.5 percent higher than a year earlier. That's up from the pace the market was setting earlier this year and also a little higher than CoreLogic's national number.