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POSTBUSINESS

By: William Williams
Posted: Friday, August 21, 2015 - 09:37
Ohio-based development company Lifestyle Communities has paid $8.8 million for a 4.77-acre Germantown site, according to Metro documents.
By: William Williams
Posted: Friday, August 21, 2015 - 08:50
Nashville-based Evergreen Real Estate is now targeting a year’s end groundbreaking for its 15-unit Blair and Belmont townhome development that will anchor the T-intersection of the boulevards of the same name. Previously, Evergreen tentatively was eyeing an early fall start. Aaron White, Evergreen co-principal with Hunter Connelly, said the company will serve as the general contractor. The land has been rezoned to accommodate the project. “We’re working to get the construction documents finalized,” White said.
By: William Williams
Posted: Friday, August 21, 2015 - 07:20
The Beach Co. continues to make progress on its mixed-use project slated for SoBro — but those hungry for updated details will have to remain patient. Previously, the Charleston, South Carolina-based developer said it is targeting a year’s end start at the two-parcel site, which fronts both Sixth Avenue South and Lea Avenue and is recognized for the building home to Amerisite Sixth Avenue Storage.
By: William Williams
Posted: Friday, August 21, 2015 - 07:05
Vanderbilt University Chancellor Nicholas S. Zeppos has been elected to the board of directors of Nashville-based Conexión Américas. According to a release, he will serve a three-year term beginning in December 2015. Conexión Américas assists local Latino families in various areas related to social and economic advancement. Led by Co-Founder and Executive Director Renata Soto, the entity has a nine-member board. Zeppos (pictured) in the release called Conexión Américas “an incredibly important conduit and connecting force” for empowering local Latinos.
By: Geert De Lombaerde
Posted: Friday, August 21, 2015 - 06:53
The directors of Ryman Hospitality Properties have voted to set up a share repurchase program for up to $100 million. The plan, which will expire at the end of 2016, will use available cash and borrowings under Ryman’s revolving credit line. The company is not required to buy a particular amount of stock.
By: William Williams
Posted: Thursday, August 20, 2015 - 14:27
Tennessee’s unemployment rate for July was 5.7 percent, unchanged from the June revised rate, Tennessee Department of Labor and Workforce Development Commissioner Burns Phillips announced today. Prior to July, the state enjoyed five consecutive months of unemployment rate declines. July 2014 to July 2015, Tennessee's unemployment rate decreased from 6.6 percent to 5.7 percent, while the national rate declined from 6.2 percent to 5.3 percent during the same period.
By: Geert De Lombaerde
Posted: Thursday, August 20, 2015 - 14:17
Corrections Corop. of America board member and metals industry executive John Correnti was found dead at his home earlier this week. He was 68. In a filing with the Securities and Exchange Commission, CCA said Correnti — who had served on the prison management company's board since 2000 — will be greatly missed. There's no word yet on who will fill his board seat.
By: William Williams
Posted: Thursday, August 20, 2015 - 12:09
Nashville-based business-to-business marketing agency Golden Spiral announced today it has relocated to 12South and added three employees. The company, which was founded three years ago by John Farkas, previously operated from Marathon Village. Its portfolio of accounts includes Allure Security Technology, CULER, Digital Reasoning, Ntrepid Corp., OnSomble, and Quality Industries, according to a release.
By: William Williams
Posted: Thursday, August 20, 2015 - 11:25
Community Health Systems may once again have a chance to acquire New Castle, Pennsylvania-based Jameson Health System. Pittsburgh Business Times reports the Pennsylvania Attorney General's Office has raised antitrust concerns about the University of Pittsburgh Medical Center's looming acquisition of Jameson and has recommended Jameson solicit bids from other health care systems. Franklin-based CHS approached Jameson in April 2014 about an acquisition, with the effort eventually failing to materialize.
By: William Williams
Posted: Thursday, August 20, 2015 - 10:17
A 35-acre industrial property in Mt. Juliet has sold for $27.9 million, marking one of the larger such deals in Wilson County this year. Nashville Business Journal reports Denver-based Industrial Property Trust was the buyer and IDI Gazeley of Atlanta was the seller. The site, which includes a massive distribution center, is located at the northwest corner of the intersection of State Route 840 and Couchville Pike, NBJ reports. This is IPT's first acquisition in Tennessee, according to NBJ.