MCC enjoys record-breaking fiscal year

Music City Center officials announced today the facility had a record-breaking year in terms of economic impact.

The figures, from a release:

The Music City Center hosted 305 events with 676,060 attendees during fiscal year 2015 generating 389,696 room nights for a total of $392.2 million in economic impact. Since opening just over two years ago, the building has hosted 672 events with 1.3 million attendees generating over $645 million in direct economic impact. Tax collections continue to outperform expectations and the Music City Center portion of tax collections is up 21.67 percent year over year through April for fiscal year 2015. The Music City Center is also currently tracking to greatly exceed their budgeted operational bottom line projections and should close out the fiscal year with an excess of $45 million in reserves.

Jul 20, 2015 10:11 AM

Flood, Bumstead promotes Hendricks

Entertainment management power firm Flood, Bumstead, McCready & McCarthy has promoted Laura Beth Hendricks, reports.

Hendricks will now serve as director of internal compliance and support for the entertainment business management firm. 

Jul 17, 2015 9:19 AM

Preds' forward Ribeiro settles sexual assault case

Center, wife reach undisclosed settlement with former nanny
Jul 16, 2015 1:35 PM

Adams and Reese adds ERISA attorney

Adams and Reese has added Rob Breunig, a specialist regarding the Employee Retirement Income Security Act of 1974, as an associate.

From a release:

Breunig served the previous three years as an associate attorney in ERISA matters at Wolds Law Group in San Diego.
Practicing law since 2012, Breunig advises employers and benefit plan trustees on a broad range of ERISA, PPACA, compensation and tax matters, and he also is experienced in labor and employment issues.
Breunig is admitted to practice in Tennessee, California and Nevada, and before the United States Tax Court. He previously clerked for the California Office of the Attorney General and interned for the University of San Diego Legal Clinic Tax Appeals Assistance Program.
Breunig earned both his J.D., in 2012, and his LLM, in 2013, from University of San Diego School of Law. He served as executive editor of the San Diego International Law Journal. He received his B.A., in 2006, from University of Massachusetts Lowell.

Jul 16, 2015 7:17 AM

Real Estate Notes: Antioch apartments move for $13.5M

Also: Investors buy two Music Row lots
Jul 15, 2015 1:01 PM

'Forbes' ranks Nashville high for adding white-collar jobs

Only the Silicon Valley cities of San Jose and San Francisco and the Triangle apex of Raleigh added a greater percentage of white-collar jobs than has Nashville since 2009, Forbes reports.

Nashville was boosted — hope you're sitting down for this shocking information — by health care and entertainment. 

Jul 14, 2015 8:30 AM

Long-time bankruptcy judge to retire

Keith Lundin, one of the nation's longest serving bankruptcy judges and chief judge of the bankruptcy court of the Middle District of Tennessee, is retiring after a 34-year run.

Lundin has been local bankruptcy judge for 34 years, serving before that as the Chapter 13 trustee here. The local bankruptcy court’s Chapter 13 program is the nation’s largest based on money paid to creditors.

“It says something about our lawyers and our trustee,” he said. “Bankruptcy lawyers in the Middle District of Tennessee are among the best in the country.”

Jul 10, 2015 1:47 PM

Investors eyeing hotel pay $6.3M for SoBro parcels

Site located south of convention center
Jul 9, 2015 10:58 AM

Home sales keep ticking up

Through midyear, sales up more than 12%
Jul 8, 2015 1:53 PM

Commerce Union joins Nasdaq

Commerce Union Bancshares officials have announced shares of the company started traded on the Nasdaq today:

“We are pleased to announce that Commerce Union Bancshares’ stock will begin trading on The Nasdaq Stock Market effective July 7th,” stated William R. DeBerry, Chairman and Chief Executive Officer. “We believe the Nasdaq listing will provide increased visibility for our company with investors and increased marketability of our shares for our stockholders.”

Commenting on the listing, DeVan Ard, President of Commerce Union stated, “The Nasdaq listing represents an important milestone in our combination of Commerce Union and Reliant banks. The merger strengthened our capital base, increased our lending limits, expanded the reach of our combined banks and improved our operating synergies. We believe the Nasdaq listing highlights our continued progress to build long-term shareholder value by combining our resources.”

Trading as CUBN, shares opened at $14.50.

Jul 7, 2015 12:42 PM