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By: William Williams
Posted: Friday, November 6, 2015 - 08:45
Work continues at the Acklen on 12th site, with a foundation and shell permit having now been issued. Nashville-based Mainland Urban Development is eyeing an August 2016 completion date for the 79-unit apartment building, to front the east side of 12th Avenue South between West Grove and Acklen avenues a few blocks north of 12South. Designed by Manuel Zeitlin Architects, the building will sit on 0.84 acres that last accommodated a building home to Special Olympics Tennessee.
By: William Williams
Posted: Friday, November 6, 2015 - 07:10
The Nashville-area August foreclosure rate on homeowners was 0.37 percent, a slight decrease compared with the August 2014 rate of 0.52 percent. According to data from California-based CoreLogic, the August national homeowners foreclosure rate was 1.25 percent by comparison. In addition, CoreLogic reports that Nashville-Davidson-Murfreesboro-Franklin enjoyed a mortgage delinquency rate decrease. For August, 2.27 percent of mortgage loans were 90 days or more delinquent compared with 3.04 percent for the same period last year.  
By: Geert De Lombaerde
Posted: Friday, November 6, 2015 - 06:54
Restaurant chain Captain D's posted third-quarter same-store sales growth of 3.0 percent, making it the 16th straight three-month period in positive territory. The pace is down just a bit from the 4.9 percent in Q1 and 5.2 percent in the second quarter. But it keeps the Nashville-based company on track for a third straight year of record average unit volumes.
By: Geert De Lombaerde
Posted: Thursday, November 5, 2015 - 14:56
RBC Capital Markets analyst Paul Quinn really likes the look at Louisiana-Pacific shares following the company's third-quarter earnings report. He has boosted his rating on the downtown-based company to 'top pick' status from 'outperform' and lifted his price target to $22 from $20, citing stronger pricing trends for its oriented strand board products and an upswing in its siding business.
By: Geert De Lombaerde
Posted: Thursday, November 5, 2015 - 13:39
The maturation of Nashville's entrepreneurial community has led the founder and leader of The Skillery co-working and incubation space in Germantown to ring in some big changes as 2015 winds to a close. In an honest and eloquent blog post, Matt Dudley says the five-year-old Skillery needs to move on from its wide-ranging menu of classes and workshops. "It's time to narrow our focus," Dudley writes. "It's time to let some things go. It's time to make a change."
By: William Williams
Posted: Thursday, November 5, 2015 - 11:45
A planned redevelopment of the Midtown site long home to the quirky and distinctive J&J's Market & Café may have hit a stumbling block. The Tennessean reports Ardavan Afrakhteh, who recently acquired the property and wants to raze the various buildings on the site so as to develop a mixed-use project, has filed a lawsuit against the J&J owners related to a lease dispute. Read more here.
By: William Williams
Posted: Thursday, November 5, 2015 - 10:20
Austin-based Forestar Group Inc. has begun full-scale work on its mixed-use Music Square Flats in Music Row. Heavy machinery is now on the 17th Avenue South site. The work comes after about four months passed since the site was cleared of structures. Music Square Flats will rise six stories and offer 230 apartments and some retail space.   (Image courtesy of Forestar)
By: Geert De Lombaerde
Posted: Thursday, November 5, 2015 - 09:19
Nashville-based Goo Goo Cluster LLC has rolled out Goo Buttons, bite-sized chocolates made by hand at its Third Avenue store. The confections went on sale this week in groups of five. The Classic Collection will be available year-round but a partnership with Belle Meade Winery has produced a holidays-only Celebration Collection that includes chocolates filled with flavors such as honey apple spice jelly, blackberry and lemon.
By: Geert De Lombaerde
Posted: Thursday, November 5, 2015 - 07:06
National Health Investors executives have sold $100 million of debt to a private placement lender. The money raised was split evenly between eight-year notes with a coupon of 3.99 percent and 10-year notes paying 4.33 percent. Both series are unsecured and were used to pay down debt on NHI's $550 million revolving credit line, which is the company's (Ticker: NHI) only debt with a variable interest rate.
By: Emily Kubis
Posted: Thursday, November 5, 2015 - 06:55
Iasis Healthcare has chosen tech giant Cerner Corp. to implement the company's electronic health record and revenue cycle system. Terms of the contract were not disclosed, but the Franklin-based company — which operates 17 hospitals as well as other provider entities in six states — said in a release the new system is designed to lower costs and improve continuity of care.