Stream Valley announces two new phases
Southside at McEwen lands Charming Charlie, Pierce & Co.
Southern Land announced today that Charming Charlie, the Houston-based fashion jewelry and accessory store, will open this fall a retail location that will serve as an anchor at Southside at McEwen in Franklin.
In addition, home decor and interior design center Pierce & Co. will open at Southside this summer. Terms of the leases are not being disclosed.
Charming Charlie, which will occupy 5,000 square feet of space, first received recognition in 2004 with a concept involving a storybook of accessories created through color coordinating trends.
Pierce & Co. founder Jonathan Pierce gained national recognition as the lead designer in CMT Ultimate Country Home series as well as HGTV’s Interior’s Inc. The company is Nashville-based.
The two retailers will join, among others, lululemon, Mountain High Outfitters, Posh and Whole Foods. Southside at McEwen was completed in 2012 and sits adjacent to the office building Southern Land sold last year for $40 million.
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.
Big gift from Nobel winner's estate to MTSU
The estate of Jim Buchanan, winner of the 1986 Nobel Prize in economics, on Thursday said it would give $2.5 million to the Middle Tennessee State University Honors College. Part of the bequest will go toward establishing a lecture series focused on applying Buchanan's ideas to today's economic questions.
Buchanan died in January at age 93. Read more about his estate's gift, including the possibility of MTSU partnering with George Mason University to organize Buchanan's papers, here.
Wilson Post publisher stepping down after sale
Sam Hatcher, who launched and built Main Street Media into a holding company for suburban news and lifestyle publications, is stepping down as publisher as The Wilson Post following Main Street's sale to former Tennessean executive Dave Gould. Hatcher said he will "continue hanging around and kind of helping" with the company.
Former Tennessean exec buys Lebanon's Main Street Newspapers
Gallatin manufacturer adding 45 jobs
Revenue cycle manager to add dozens of jobs
Spring Hill golf course owner looks for buyer
SPE Go Holdings is listing for sale its Spring Hill-based King’s Creek Golf Club, with an asking price of $1.9 million. The Tennessean reports the previous owner of the course, RLG LLC, had been foreclosed on. David E. Miller served as managing member/owner of RLG and, in November 2012, a federal court sentenced Miller to 45 months in prison for aggravated identity theft and making false statements to a bank regarding a $300,000-plus loan, the paper reports. Read more here.
Community First's capital gap shrinks some more
Bank holding company Community First Inc. continues to make progress toward the capital levels imposed on it by the Federal Deposit Insurance Corp. in September 2011 even though it posted only a tiny first-quarter comprehensive profit. The parent of Community First Bank & Trust now needs $7 million in capital to meet the FDIC's heightened requirements, which means it may still have put its shareholders through a very dilutive stock offering. But the gap is now $4 million smaller than it was at the end of 2012, which was itself a decent improvement from Q3's $15.3 million.
Another note from the company's quarterly report filed last week: Because Community First has missed six straight dividend payments on the $18 million of preferred stock it sold to the U.S. Treasury four years ago, the feds now have the right to put two representatives on the company's board.
Activist firm steps into First Advantage
