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POSTBUSINESS

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.
By: William Williams
Posted: Friday, July 24, 2015 - 10:45
The Metro Development and Housing Agency has landed a permit related to its parking and retail structure currently under construction within the city’s central business district. According to a Metro Codes Department document, R.C. Mathews Contractor is handling the work, with the permit valued at $25 million. The mixed-used building, which will include 900 parking spaces and ground-level retail, will be located at the southwest corner of the intersection of Fifth Avenue North and Church Street.
By: Geert De Lombaerde
Posted: Friday, July 24, 2015 - 09:09
Corrections Corp. of America executives this week amended their main revolving debt facility, extending its maturity date by two and a half years to mid-2020 and lowering by 25 basis points the margin on its base rate and LIBOR rate loans, among other things. The amendment also boosts the company's "accordion" feature by $250 million to $350 million.