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By: Geert De Lombaerde
Posted: Thursday, November 12, 2015 - 14:23
Shareholders of Cracker Barrel Old Country Store have voted to extend the poison pill adopted by the company's board this spring all the way to 2018. The mechanism is designed to deter activist Sardar Biglari, who in turn says he's not interested in growing his stake in the company.
By: William Williams
Posted: Thursday, November 12, 2015 - 13:20
The development team seeking to undertake the $400 million mixed-used Fifth + Broadway at the Nashville Convention Center site has landed all the investor funding it needs, Nashville Business Journal reports. The developers (Nashville-based Spectrum | Emery and OliverMcMillan of San Diego declined to disclose to NBJ reporter Adam Sichko the identity of the investor group providing what is believed to be about $200 million in equity. However, it said the investor group does not include JP Morgan — which has been a longtime backer of both companies.
By: William Williams
Posted: Thursday, November 12, 2015 - 12:08
Music City Center officials announced today that the convention building has hosted more than 100 events generating an estimated $148.5 million in economic impact through the current fiscal year. According to a release, in October the MCC hosted 31 events with 46,381 attendees, generating 36,036 room nights and an estimated $37.9 million in economic impact. Fiscal year to date (starting July 1), the building has hosted 102 events with 233,695 attendees, generating an estimated $148.5 million in economic impact.
By: William Williams
Posted: Thursday, November 12, 2015 - 10:16
Ortale, Kelley, Herbert & Crawford announced today it has added Rachel C. Hogan and Kobina P. Ankumah as associates. According to a release, Hogan’s practice will focus on civil litigation, insurance defense and coverage, and medical malpractice. Ankumah’s will focus his practice on commercial transactions, medical malpractice and insurance defense and coverage.
By: Geert De Lombaerde
Posted: Thursday, November 12, 2015 - 07:35
The Barnes Housing Trust Fund has awarded $2 million to help Woodbine Community Development Organization as well as three other organizations add to the city's stock of affordable housing units. The money will help with the creation of 57 units, some of them slated to be sold below market rate.
By: William Williams
Posted: Thursday, November 12, 2015 - 07:15
Music industry veteran Pat Collins has been named vice chairman of SESAC effective April 1, 2016, MusicRow.com reports. Collins, president and CEO of SESAC Performing Rights, will also serve as a senior advisor in his new role. Read more here.
By: William Williams
Posted: Thursday, November 12, 2015 - 06:45
Nashville-based Eakin Partners will go before the Metro Planning Commission today to seek a rezoning to accommodate its propsed 12-story mixed-use mid-rise called 30th & Vanderbilt Place. The West End corridor parcels — Located at the northwest corner of 30th Avenue South and Vanderbilt Place about one block south of West End Avenue — span about .92 acres and currently are zoned office/residential intensive. Eakin is seeking specific plan zoning to allow greater design flexibility than is currently allowed.
By: William Williams
Posted: Wednesday, November 11, 2015 - 14:25
The developer of Salemtown Cottages is targeting an end-of-January completion date for the residential project, with 16 of the 24 finished homes now sold. Michael Kenner, president of MiKeN Development, said five of the final eight under-construction homes are also under contract.
By: Geert De Lombaerde
Posted: Wednesday, November 11, 2015 - 13:39
The plans by Lee Co. executives to move their headquarters from Cool Springs to Boyle's Berry Farms development a few miles farther south got a boost Tuesday night, when Franklin officials approved a payment-in-lieu-of-taxes plan for the company. The mechanical contractor plans to relocate to Berry Farms in 2017 and will add almost 70 jobs, growing its total HQ payroll past 500. Williamson County officials also have approved a tax incentive package.
By: William Williams
Posted: Wednesday, November 11, 2015 - 11:52
Lexington, Kentucky-based real estate developer Andover Management Group is targeting a self-storage facility for Fesslers Lane. If completed, the Citadel Self Storage facility would be the company’s first in Nashville, insideselfstorage.com reports. According to a release, Andover has the property, located at 506 Fesslers Lane, under contract and would have the facility cater to businesses and residents within Nashville’s urban core.