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POSTBUSINESS

By: Geert De Lombaerde
Posted: Monday, July 27, 2015 - 14:14
Pinnacle Financial Partners executives plan to issue $60 million in debt to help fund their planned acquisitions of CapitalMark Bank & Trust and Magna Bank and redeem their loan with US Bank. The notes, which were priced this morning in a combo fixed-variable setup, will mature in 10 years.
By: Geert De Lombaerde
Posted: Monday, July 27, 2015 - 12:51
Prison health care provider Corizon has hired Chris Bell to lead its business development efforts across the Southeast. Bell, who worked with Corizon from 2007 to 2009, had been with Birmingham-based competitor NaphCare. He fills a role previously held by Martha Harbin, who has been named Corizon's first director of external relations. Get more info here.
By: William Williams
Posted: Monday, July 27, 2015 - 11:36
The average per-gallon price of regular gas in Nashville on Sunday was $2.50, down three cents compared to the mark of a week ago and down eight cents from the figure of four weeks prior. This time in 2014, the average per-gallon price of regular gas in Nashville was $3.36. Relatedly, Tennessee’s average price was $2.42 Sunday, down five cents compared to the figure from the previous week, according to AAA The Auto Club Group. The price was $2.55 four weeks ago and $3.31 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, July 27, 2015 - 11:22
Veteran Nashville financial technology entrepreneur Joe Maxwell will step out of a full-time role at Ipreo, the company to which he sold Shareholder InSite nine months ago, at the end of this year. After that, he tells Milt Capps at Venture Nashville Connections, he will devote the majority of his time to raising a venture capital fund focused on fintech ventures.
By: Geert De Lombaerde
Posted: Monday, July 27, 2015 - 08:41
Analysts at Zacks Investment Research have hiked their rating on shares of Pinnacle Financial Partners. They now rate the Nashville-based bank holding company a 'buy' instead of a 'hold' and see the shares climbing to $59 in the coming quarters. Pinnacle (Ticker: PNFP) ended last week at $53.10.
By: William Williams
Posted: Monday, July 27, 2015 - 07:15
Here is a tidbit of note for those of you who care about such. The architect designing the SoBro building to house three Marriott brands is, seemingly, a machine. Lawrenceville, Georgia-based Lindsay Pope Brayfield Clifford & Associates offers an impressive resume (at least in terms of sheer numbers) for hotel building design. Specifically, the LPBC&A website lists an eye-catching 30 hotel projects (we don’t know what percentage are finished, underway or planned as our multiple attempts to contact company officials failed).
By: William Williams
Posted: Monday, July 27, 2015 - 07:00
Nashville-based MiKeN Development and investment partner HR Properties will no longer undertake a project of five low-rise apartment buildings on 4.5 acres in West Nashville and, instead, will opt for 30 townhouses and 72 stacked flat condos, The Tennessean reports. MiKeN owner Michael Kenner told the morning daily the change was prompted by feedback from neighbors living in the Robertson Road area, which is located west of both Briley Parkway and The Nations neighborhood. The project will replace what had been Bellar Auto Parts, located at 670 James Ave.
By: William Williams
Posted: Monday, July 27, 2015 - 06:45
Terwilliger Pappas Multifamily Partners is no longer part of Alex S. Palmer & Co.'s long-stalled West End Summit project, Nashville Business Journal reports. The Charlotte-based entity was to have developed a building with high-end apartments but will not do so. Read more here.  
By: William Williams
Posted: Friday, July 24, 2015 - 13:38
Franklin-based developer Boyle Investment Co. is targeting an office building and a Hampton Inn & Suites hotel structure for its mixed-used Berry Farms development, The Tennessean reports.  The 250,000-square-foot Class A office building (pictured here), to be called The Offices at Town Center, will be the 600-acre development’s first structure of its type. Construction could start this fall, according to the morning daily.
By: Geert De Lombaerde
Posted: Friday, July 24, 2015 - 12:48
The team behind Alabama-based Moe's Original Bar B Que has begun working on its second Middle Tennessee location, the downtown Franklin site formerly home to both a Copper Kettle outpost and Uncle Bud's Catfish Shack. The restaurant is expected to open its doors around Labor Day and be able to house 85 people inside and another 50 on a patio. Check out more info here.