Gulch Fairfield Inn developer to build headquarters building in Chattanooga
Vision Hospitality Group Inc., the company currently developing the Fairfield Inn & Suites by Marriott in The Gulch (see below) — will build a headquarters building in downtown Chattanooga. (Read more here.) Vision Hospitality’s local portfolio includes the Hyatt Place Nashville Airport and the Hilton Garden Inn Nashville/Franklin/Cool Springs.
247Sports hooks up with CBS
Brentwood's 247Sports.com will be CBS' official recruiting partner. CBSSports.com will pull in a number of 247Sports features, including the 247Composite Team Recruiting Ranking, the Crystal Ball commitment prediction engine and Recruiter Rankings.
“247Sports’ founders are leaders in the recruiting space, and we’re thrilled to partner more closely with them to deliver the highest quality recruiting content to our audience,” said Jason Kint, Senior Vice President and General Manager of CBSSports.com. "We've already seen success with our recent collaboration for the 2013 National Signing Day, which fueled growth across the site.”
247Sports content will be featured on a 24/7/365 “Signing Day” page on CBSSports.com, which will serve as the home for live and on-demand video, as well as the MaxWire National Blog on MaxPreps. CBSSports.com will also be the exclusive advertising sales partner for 247Sports.
SEE ALSO: Our mid-2011 magazine feature on 247Sports' launch and growth
Megabus revenues rise — local struggles notwithstanding
Stagecoach’s Megabus has suffered some stumbles during its relatively brief time in the Nashville market (you'll recall the location challenge the company faced, as well as its discontinuation of serving some markets from Music City). But Megabus is doing very well overall, thank you. Read more here.
Analyst action: CCA, Delek
Avondale Partners analyst Kevin Campbell has raised his price target on shares of Corrections Corp. of America after the prison manager reported first-quarter results that topped consensus estimates. Campbell, who also lifted his 2013 and 2014 estimates for adjusted funds from operations by about 5 percent, now sees CCA (Ticker: CXW) climbing to $44 from its current level of about $38.
Over at Credit Suisse, Edward Westlake and his team have raised their earnings estimates for Delek US Holdings after company executives detailed investment plans for their Texas and Arkansas refineries that should bring a quick and sizable payoff. Even though they gave up 3 percent on Monday, Delek shares (Ticker: DK) are still up 35 percent this year.
Kroger takes look at urban locales
Kroger Co. is on target to become the only $100 billion Cincinnati-based company. Still, the grocery titan is seeking innovative methods to move product and lure new customers. One consideration for the company is urban locations. Read more here.
Jobs4TN Online tops 100,000 job seekers
Roughly one year after Gov. Bill Haslam launched Jobs4TN Online, 108,500 job seekers have registered with the system, and more than one million job searches have been tallied
Tuesday marks the first anniversary of the program.
“Jobs4TN Online, with an average listing of around 90,000 Tennessee jobs, is the state’s premier employment resource,” Burns Phillips, acting commissioner of the Tennessee Labor and Workforce Development Department, said in a release “We’ve seen an uptick in referrals to jobs listed directly by Tennessee employers as well as jobs obtained from searching other Internet sites that are included in the system.”
During the past year Jobs4TN Online counted 147,000 applications to jobs posted by Tennessee employers and more than 457,000 applications to jobs from other sites. When Jobs4TN Online was developed, Governor Haslam added the “spidering” software that surveys jobs posted on external Web sites and includes those in the database; examples of external sites are major job search engines, corporate Internet sites, newspapers, government sites, private job boards, and institutions of higher learning.
Leadership Cleveland to visit Entrepreneur Center
About 70 people involved with Leadership Cleveland are in Nashville to visit the Entrepreneur Center in the Trolley Barns.
The group will meet with EC officials on Tuesday to discuss Nashville's entrepreneurial community and provide recommendations as to how EC can build its entrepreneurial ecosystem. In exchange, EC officials, led by Michael Burcham, will share their thoughts with LC.
Leadership Cleveland is designed to prepare and build leadership resources within the greater Cleveland community.
Developer releases Elliston project rendering
I & G Elliston Inc. has released a rendering for its proposed 2110 Elliston, construction on which is expected to begin within the next few weeks.
Chicago-based LaSalle Investment Management and local developer Tony Giarratana are teaming on the six-story residential project, to be located at 2110 Elliston Place and 201 21st Ave. N. The site was previously home to a building housing a dry cleaning business.
Read more about the project here and here.
The Atlanta office of Birmingham-based Davis Architects is handling the design of 2110 Elliston. The building, which will offer 105 for-rent units, is expected to be clad in a gray stucco, with a masonry base. It will offer a contemporary aesthetic.
Davis Architects designed West End Village (located at 31st Avenue and Long Boulevard). The firm also designed Note 16 (Music Row), Pine Street Flats (nearing completion in The Gulch) and 1505 Demonbreun (which will soon rise).
Another place to trade FABK
Shareholders of First Advantage Bancorp, which on Friday delisted its shares from the Nasdaq, can now trade their stock on the OTCQB platform. First Advantage, which has about 560 investors, last month said it will use SecondMarket as the official trading venue for its shares. The OTCQB market is home to more than 3,200 companies.
Former Gaylord exec named Roscoe Brown CFO
Brian Byrd has been named CFO of Roscoe Brown, the storied HVAC and plumbing contractor that has offices in Murfreesboro, Nashville and Tullahoma. Byrd, a Murfreesboro resident and MTSU graduate, spent 13 years at the former Gaylord Entertainment, where he was executive director of shared financial services and controller of the ResortQuest business the company owned for a while.
