Tractor Supply readies crop of stores

Transcription

Nashville Business Journal
m u s i c
c i t y ’ s
b u s i n e s s
s o u r c e $4.00
Tractor Supply readies crop of stores
75 new stores planned for rest of 2009
Tractor Supply Co. financials
PROFIT in millions of dollars
REVENUE in billions of dollars
$2.1B
$86M
2005
$2.4B
$91M
2006
$3B
$2.7B
$96M
$82M
2007
2008
Source: Securities and Exchange Commission
By Turner Hutchens
[email protected] |
846-4254
Even as the massive recession has many retailers closing
stores and struggling to hold
on to customers, Tractor Supply Co. is bustling its business
with coveralls, cow feed and
tempered ambition.
T he Brentwood-based farm
and rural supplies retailer has
added 392 stores
in the past five
years, including
Wright
86 locations last
year that brought
the total to 855. It’s increased
its payroll from 6,400 to 12,800
february 13, 2009
ONE SECTION
nashvillebusiness
journal.com
THIS WEEK
employees at the end of 2008.
“We’ve plotted a middle
course set of assumptions.
Unless something goes very
badly, we’ll be in good shape,”
TSC President and CEO Jim
Wright says.
Expansions have been scaled
back from TSC’s usual pace.
The retailer plans to open about
75 stores this year, down slightly from its 10 percent growth
|
|
Tractor | 31
UFC READY
to strike
STRATEGIES:
ICA on road
to riches? 15
Growing sports promotion
makes entry into Nashville
By Jeannie Naujeck
[email protected] | 846-4251
One of the nation’s fastest growing — and
most controversial — sports is finally getting a toehold in Nashville after a year long
fight to make it legal in Tennessee.
Mixed martial arts, a sport that combines
boxing, wrestling, karate, judo and more,
will make its professional debut here on
April 1 when the Ultimate Fighting Championship brings its televised series “Fight
MMA | 31
FOCUS:
Fortunate few
beat crunch. 17
PHOTOGRAPH COURTESY | CARLOSCONDIT.COM
Carlos Condit will be headlining an Ultimate Fighting Championship event at the Sommet
Center in April. It will be the promotion’s first event in Nashville.
Financial advisors hope stronger oversight will ease industry woes
to sell securities or provide financial planning services.
“There’s always going to be
thieves. What we don’t have is
proper punishment,” says Tom
Grimm of Franklin-based Williamson Wealth Management,
which has been licensed with the
SEC since 1980. “We need swift,
PROFILE: Hutton
Hotel’s Stephen
André. 12
Financial | 7
8
Bernie Madoff may be the name
on everyone’s lips, but Middle
Tennessee has produced its own
share of bad actors in the financial
advice field.
Advisors such as Larry Cherry,
Bob McLean and Michael Park
have been in the news over the
years for allegedly mismanaging
or embezzling millions of dollars
from clients.
Plenty of seemingly sophisticated, well-educated people fall for
81598-00001
By Jeannie Naujeck
such scams. Recently, Williamson
County investors lost some $6.5
million by putting their faith in
Brentwood-based Gordon Grigg,
who is the target of a Securities
and Exchange Commission investigation alleging Grigg sold them
investments that don’t exist.
The SEC complaint says Grigg
and his company, ProTrust Management, were never even licensed
6
Headline-grabbing woes hurt ethical firms, too
NEWSMAKERS
2
ACHIEVERS
10
NEW TO NASHVILLE 13
FOCUS
PULSE
2
RISING STAR
11
FACE TO FACE
14
LISTS
PROFILE
12
STRATEGIES
15
BIZ LEADS
BIZ BITS
8-9
17
20, 23
26
BREAKING NEWS ALL WEEK: Go to nashvillebusinessjournal.com
|
2
|
Newsmakers
nashvillebusinessjournal.com
and reader guide
the pulse
|
|
WE ASKED:
Where will Middle Tennessee consumer confidence
be in three months?
HIgher
Consumer confidence.............................28%
LOWER
Consumer confidence............................ 42%
about the same
Consumer confidence.....................28%
Copyright 2009 Nashville Business Journal, Inc., 120 W.
Morehead Street, Suite 400, Charlotte, NC 28202. All
rights reserved. Reproduction or use without permission
of editorial or graphic content is prohibited. Nashville
Business Journal, ISSN 0889-2873, is published weekly
by Nashville Business Journal Inc., 344 Fourth Ave., N.,
Nashville, TN 37219, with a 53rd issue the last week of
What’s your
opinion?
Should mixed
martial arts
be a legal
sport in
Tennessee?
To vote, go to
nashvillebusiness
journal.com
For results, see
page 2 in next
week’s edition.
December, which is the Book of Lists. Subscriptions: 1
year, 52 issues, $93.00; 2 years, 104 issues, $150.00;
3 years, 156 issues, $190.00 Periodical postage paid at
Nashville, Tennessee.
POSTMASTER:
Send address changes to Nashville Business Journal,
344 Fourth Ave., N., Nashville, TN 37219
|
Andre, Steven . . . . . . . . 12
Aydelott, Joseph . . . . . . 19
Baker, Walt . . . . . . . . . . 3
Barry, Jimmy . . . . . . . . . 18
Bates, Jeff . . . . . . . . . . . 7
Beasley, Tom . . . . . . . . 15
Beemer, Britt . . . . . . . . 31
Brashear, Tom . . . . . . . . 19
Bredesen, Phil . . . . . . . 24
Brodbeck, Dan . . . . . . . 21
Callahan, Scott . . . . . . . . 6
Chase, David . . . . . . . . 17
Chastain, Randy . . . . . . 21
Cheney, Jim . . . . . . . . . 21
Cherry, Larry . . . . . . . . . 1
Condit, Carlos . . . . . . . 31
Degges, Paul . . . . . . . . 24
Dobyns, Jeff . . . . . . . . . . 7
Eley, Butch . . . . . . . . . 15
Epstein, Lawrence . . . . . 31
Finch, Brandon . . . . . . . 11
Finch, Dustin . . . . . . . . 11
Gore, Al . . . . . . . . . . . . 9
Grigg, Gordon . . . . . . . . 1
Grimm, Tom . . . . . . . . . . 1
Harder, Fred . . . . . . . . . . 5
|
|
people
Hines, Shannon . . . . . . . 18
Hoppa, Scott . . . . . . . . . 8
Ingram, Orrin . . . . . . . . . 9
Jones, Derrick . . . . . . . . . 7
Judd, Naomi . . . . . . . . . . 8
Kane, Fred . . . . . . . . . . 19
Kulick, Chris . . . . . . . . . . 6
Lynn, Caitlin . . . . . . . . . . 8
Madoff, Bernie . . . . . . . . 1
Magness, Darren . . . . . . . 5
Manning, Brett . . . . . . . . 8
Mathews, Walker . . . . . . 17
Matteson, Mike . . . . . . . 19
Mayo, Aimee . . . . . . . . . 8
McCain, John . . . . . . . . 31
McClean, Bob . . . . . . . . . 1
Messer, Shane . . . . . . . 31
Moses, Hal . . . . . . . . . . 9
Moulton, Mike . . . . . . . . 19
Murphy, Jack . . . . . . . . 31
Nicely, Gerald . . . . . . . . 24
Oaks, Julie . . . . . . . . . . 15
Oldham, Mark . . . . . . . . . 3
Pace, Phil . . . . . . . . . 9, 17
Park, Michael . . . . . . . . . 1
Preston, Frances . . . . . . . 9
|
Quinn, Peter . . . . . . . . . . 9
Rader, David . . . . . . . . 15
Ramsey, Dave . . . . . . . . . 8
Ratner, Marc . . . . . . . . 31
Rowling, Robert . . . . . . . . 6
Sauve, Mark . . . . . . . . . . 5
Schickling, Chris . . . . . . 13
Schorr, Jim . . . . . . . . . 13
Shumate, Marshall . . . . . 17
Snyder, Will . . . . . . . . . . 8
Starwalt, Kent . . . . . . . . 22
Stites, Johnny . . . . . . . . 24
Strohmaier, Deb . . . . . . . . 6
Styll, John . . . . . . . . . . . 8
Sullivan, Barry . . . . . . . . 21
Summers, Rab . . . . . . . 22
Thomas, Shawn . . . . . . . . 3
Thompson, Reynolds . . . . . 3
Turner, Monte . . . . . . . . . 3
Venuto, Kenneth . . . . . . . 5
Waldron, Dennis . . . . . . . 3
Welborn, Will . . . . . . . . . 7
White, Ferrel . . . . . . . . 19
Wright, Jim . . . . . . . . . . 1
companies
Allegheny Industrial Assoc. Inc. . . . . . . . . 6
American Constructors Inc. . . . . . . . . . . 21
American Hospital Assoc. . . . . . . . . . . . 5
American Road & Transporation
Builders Assoc. . . . . . . . . . . . . . . . 24
America’s Research Group . . . . . . . . . . 31
Arcadia Land Development . . . . . . . . . . 19
Barry Real Estate . . . . . . . . . . . . . . . 18
Broadcast Music Inc. . . . . . . . . . . . . . . 9
Centennial Pediatrics . . . . . . . . . . . . . . 9
Charles Schwab . . . . . . . . . . . . . . . . 7
CMT . . . . . . . . . . . . . . . . . . . . . . . 8
Colliers Turley Martin Tucker . . . . . . . . . 19
Colonial Properties Trust . . . . . . . . . . . . 3
Conseco Group . . . . . . . . . . . . . . . 9, 17
Continental Properties Co. Inc. . . . . . . . . 8
Corrections Corp. of America . . . . . . . . . 15
D.F. Chase . . . . . . . . . . . . . . . . . . . 17
DBI Services . . . . . . . . . . . . . . . . . . 15
Embassy Suites . . . . . . . . . . . . . . . . . 3
Ernst & Young . . . . . . . . . . . . . . . . . . 6
Federal Highway Program . . . . . . . . . . . 24
Financial Industry Regulatory Authority . . . . 7
Finch Construction . . . . . . . . . . . . . . . 11
Frances Williams Preston Laboratories . . . . 9
FremantleMedia North America . . . . . . . . 8
Gaylord Entertainment Co. . . . . . . . . . . . 6
Generation Investment Management . . . . . . 9
GMA Music Week . . . . . . . . . . . . . . . 8
Gospel Music Assoc. . . . . . . . . . . . . . . 8
Greater Nashville Hotel & Lodging Assoc . . . 3
Greif Inc. . . . . . . . . . . . . . . . . . . . . 6
Gresham Smith & Partners . . . . . . . . . . . 5
Habersham Land Co. . . . . . . . . . . . . . 19
Home Depot . . . . . . . . . . . . . . . . . . 31
Hutton Hotel . . . . . . . . . . . . . . . . . . 12
Infrastructure Corp. of America . . . . . . . . 15
Intensive Resource Group . . . . . . . . . . . 5
International Council of
Shopping Centers . . . . . . . . . . . . 3, 31
J&S Construction . . . . . . . . . . . . . . . 24
Kampmann, Martin . . . . . . . . . . . . . . . 31
Kings Point Capital Management . . . . . . . 7
Leisure Management . . . . . . . . . . . . . 15
Loews Vanderbilt Hotel . . . . . . . . . . . . . 9
|
Nashville Business Journal | February 13, 2009
Majestic Development . . . . . . . . . . . . . 19
NAI Nashville . . . . . . . . . . . . . . . . . . 13
Nashville Airport Marriott . . . . . . . . . . . . 3
Nashville Bank and Trust . . . . . . . . . . . . 7
Nashville Commercial/Cushman Wakefield . . 17
National Retail Federation . . . . . . . . . . . 3
Parkside Homes . . . . . . . . . . . . . . . . 21
PetCo . . . . . . . . . . . . . . . . . . . . . 31
ProTrust Management . . . . . . . . . . . . . 1
Pulte Homes . . . . . . . . . . . . . . . . . . 19
Quorum Health Resources . . . . . . . . . . . 5
R.C. Mathews Contractor . . . . . . . . . . . 17
Roy Jorgensen Assoc. . . . . . . . . . . . . . 15
Securities & Exchange Commission . . . . . . 1
Solomon Builders Inc. . . . . . . . . . . . . . 17
Sony Music Nashville Columbia Records . . . 8
Southern Land Co. . . . . . . . . . . . . . . 21
Southwestern Investment Services . . . . . . 7
Spike . . . . . . . . . . . . . . . . . . . . . . 31
Sullivan DeWire Construction . . . . . . . . . 21
Summers-Taylor . . . . . . . . . . . . . . . . 22
Sumner County Regional Hospital . . . . . . . 9
T.J. Martell Foundation . . . . . . . . . . . . . 9
Target . . . . . . . . . . . . . . . . . . . . . . 3
Tennessee Department of Transportation . 15, 24
Tennessee Road Builders Assoc. . . . . . . . 22
Tractor Supply Co. . . . . . . . . . . . . . . . 1
Turner & Assoc. Realty Inc. . . . . . . . . . . . 3
Turner Universal . . . . . . . . . . . . . . . . 18
U.S. Hospitality Publishers . . . . . . . . . . . 3
Ultimate Fighting Championship . . . . . . . . 1
Uniguest . . . . . . . . . . . . . . . . . . . . . 3
Urology Assoc. . . . . . . . . . . . . . . . . . 9
Valley Health . . . . . . . . . . . . . . . . . . 5
Vanderbilt University . . . . . . . . . . . . . . 18
Vanderbilt University Owen
Graduate School of Management . . . . . . 13
Vanderbilt-Ingram Cancer Center . . . . . . . 9
VMS/Transfield . . . . . . . . . . . . . . . . 15
Waddell & Assoc. . . . . . . . . . . . . . . . . 7
Waste Management . . . . . . . . . . . . . . 15
William Blair & Co. . . . . . . . . . . . . . . 31
Williamson Wealth Management . . . . . . . . 1
WSM-AM . . . . . . . . . . . . . . . . . . . . 6
Corrections
In the Feb.
6 edition of
the Nashville
Business
Journal,
Brenda Black
and Sharon
Brady were
Black
Brady
misidentified
in the Women of Influence special
publication. In addition, it should be
noted that Brenda Black served as
|
executive director of the
Iroquois Steeplechase from 2005
to 2008. Libby Cheek is the current
executive director of the Iroquois
Steeplechase.
n
In the Jan. 23 edition of the Nashville Business Journal, one of the
ALOC Group’s clients, Comprehensive Health Systems, was identified
incorrectly in the Rising Star feature on Courtney Lawrence.
|
February 13, 2009 | Nashville Business Journal |
nashvillebusinessjournal.com | 3
|
Firms team up
to tap visitors
Uniguest, U.S. Hospitality merge to offer
hotels print and digital guides for guests
By Jenny Burns
Two Nashville-based tourism and technology companies are merging, combining
their talents to create a host of
products for the hotel industry
including touch-screen kiosks
and restaurant guides.
Uniguest is a 7-year-old $5
million company that installs
and services computers for
hotels and offers software to
keep them secure. U.S. Hospitality Publishers Inc. is a 22-yearold $5 million firm that prints
in-room hotel guides, funded
with restaurant advertising.
Combined, the $10 million
company, which will operate
under the Uniguest name,
expects to double its revenue
in the next two years.
Uniguest now serves 2,700
hotels including Embassy Suites
nationwide, and U.S. Hospitality
has 2,500 hotel clients. Together,
they penetrate about 10 percent
of the hotel market.
They are combining to create three products:
• A computer kiosk for hotel
lobbies that offers guests Internet access and information on
restaurants and businesses
close to the hotels.
• Printed restaurant and
business information, called
the “quick scoop,” with a map
of restaurant locations.
• In-room printed color
guides that offer restaurants
more space to entice visitors
along with map information.
“Major hotel chains have
been very receptive to one
company being able to assist
them with both their print and
technology needs,” says Shawn
Thomas, 38, chief executive
officer of Uniguest, a company
he started in his home.
Both companies had aimed
their products at limited-service hotels that don’t have concierge service, but higher-end
hotels also were interested in
well-researched local information for guests, Thomas says.
Younger guests use computers to get information, while
older guests want a printed
map. The merger, and new
product line, was born.
Mark Oldham, 48, founder
and owner of U.S. Hospitality, is
now president of Uniguest, and
Thomas remains CEO. Combined, they have 44 employees
and will be hiring more.
U.S. Hospitality had about 60
salespeople that sell advertising and gather information on
restaurants and businesses
close to hotels across the nation.
Uniguest plans to double its
sales staff to serve the new
MICHAEL W. BUNCH | NASHVILLE BUSINESS JOURNAL
Mark Oldham, left, and Shawn Thomas demonstrate their concierge kiosks designed for hotels.
products this year. It will also
hire five to 10 sales and office
staff members locally.
Oldham and Thomas point to
companies that handle printed
information for
hotels, and others
that provide computers for hotels.
Uniguest’s niche,
they say, is the combination of both.
The duo faces Baker
competition locally
with similar services. Nashville-based The Restaurant List
Co., also funded by restaurant
advertising, creates free restaurant listings for hotels. And
Pinpoint HD Media, based in
Gatlinburg, installs televisions
in hotel lobbies with event and
restaurant information.
The Nashville Airport Mar-
riott is the first to sign up for
Uniguest’s new products, after
Assistant General Manager
Troy Carver saw a demonstration of the conceirge kiosk.
“It was a simple solution for
information for our in-house
guests. They are always seeking different dining options
and local tourist attractions
outside of conducting business,” he says.
Guests will see the touchscreen panels in the Marriott
lobby by the end of the month.
The station will offer maps
and real-time information on
flights, news and restaurants.
Carver is also using Uniguest’s
print products.
Thomas and Oldham hope
they have a product that can
grow even during a recession
because it’s free to hotels.
And restaurants, struggling with slow sales across
the board, are looking for new
diners when locals are cutting back. Restaurants know
that hotel guests have to eat
somewhere, and they want
to supplement their business
with travelers, Thomas says.
However, hotels are dealing with falling occupancy.
Thomas says some Uniguest
clients are taking longer to pay
or asking for discounts.
Walt Baker, CEO of the
Greater Nashville Hotel &
Lodging Association, says
adopti ng tech nolog y to
enhance guests’ stays is good
for the tourism industry. These
types of products “increase the
activity level of guests so they
will spend more and leave that
in Nashville,” he says.
Rocky real estate, retail market halts $20M La Vergne shopping center
By Turner Hutchens
A $20 million shopping center slated
for La Vergne has stalled.
After its developer lost $ 92 million
last year, the Colonial Promenade
Nor du Lac has been put on hold
indefinitely.
Colonial Properties Trust, a Birmingham, A la.-based real estate
investment trust, began construction
in fall 2007 on the 21-acre project at the
northeast corner of Interstate 24 and
Sam Ridley Parkway West.
But the work hasn’t moved further
than excavation and grading of the
land.
The trust opened its Colonial Promenade in Smyrna last fall, a project
anchored by a Target store.
But the adjacent Colonial Promenade, just across the La Verg ne
city line, has been relegated to the
“ f ut u re development ” c ategor y,
with no specific timeline, Reynolds
Thompson, Colonial’s president and
chief f inancia l of f icer, said in a
recent conference call with investors
and analysts.
Colonial Properties lost $ 92 million in 2008, compared with a $148.5
million profit the year before.
The company plans to cut costs,
liquidate some properties, and stop
most developments.
“The deal got caught in the current
environment,” says Monte Turner,
President of Turner & Associates Realty Inc. “They’re probably smart to sit
back and hold off for a little while.”
That’s not an unusual story for
retail, at a time when the International Council of Shopping Centers
expects 73,000 stores to close nationwide in 2009 — on top of the estimated 148,000 shops that
closed in 2008.
Sales for the past two
months of 2008 were off 2.8
percent, according to the
National Retail Federation
in Washington, D.C.
La Vergne Alderman Waldron
Dennis Waldron says the
city has been working in the past five
years to attract new retail development, primarily to diversify the city’s
tax base with improved sales tax
revenue.
In that time, the city has drawn it
first Kroger store, Taco Bell, a new
Rite Aid shopping center and a few
smaller strip malls.
Historically, La Vergne has been a
residential town with a large industrial, manufacturing and distribution
base. Those industries have struggled
in the past year, cutting jobs.
Bridgestone North America has
cut 800 employees in La Vergne, and
Whirlpool closed its facility in the city
last year.
Waldron says the setbacks are
tough, but La Verg ne’s location
between Murfreesboro and Nashville,
and its access to Interstate 24, makes
new retail development there almost
inevitable.
“I want to welcome new business
into the La Vergne area,” he says.
“We’re going to probably get retail
in the long term. We’re doing what we
can to get it as fast as we can.”
|
4 | nashvillebusinessjournal.com
|
nashvillebusinessjournal.com | Nashville’s Quorum launches
firm to help troubled hospitals
Hospital consultant Quorum Health
Resources is anticipating a wave of
crisis interventions at hospitals.
In response, the Brentwood-based
firm is creating a subsidary to handle
what it says is already a 400 percent
increase in business from distressed
hospitals across the country.
The division, named the Intensive Resource Group, will address
urgent situations that can require
financial and operational intervention, says Kenneth Venuto, who has
been named president of the new
company.
Venuto, who was vice president of
Quorum, points to a study published
last month by the American Hospital
Association that showed nine out of
10 hospitals are finding it difficult to
access tax-exempt bonds in the down
economy.
The study also revealed that half of
Hospitals in crisis
Nearly half of hospitals have put capital
projects on hold or stopped projects
already in process. Postponing capital
projects affects a hospital’s ability to
meet community needs, officials say.
Of those hospitals putting projects on
hold:
• 82 percent have put facilities projects
on hold.
• 65 percent have put clinical technology
projects on hold.
• 62 percent have put information technology projects on hold.
Source: American Hospital Association
all current hospital building projects
across the country have been put on
hold because of economic strains.
“You’re going to see more hospitals
nationwide at risk of defaulting on
their bonds or declaring bankruptucy,” Venuto says. “Their long-term
sustainability is in trouble. Many
hospitals don’t have the resources to
address these situations internally
without help.”
The spinof f company will have
access to Quorum’s resources, which
includes access to more than 300 top
tier hospital administrators and 150
management consultants.
Quorum is the 12th largest hospital
consultancy in the country. Venuto
declined to give the company’s annual revenue but said it works with
more than 170 hospitals nationwide.
Intensive Resource Group wi l l
work with troubled hospitals. That
can mean bringing in interim chief
executives and chief financial officers, making the reimbursement
process from government and insurance companies more efficient, help-
ing with negotiations with insura nce compa nies a nd u nions a nd
acting as an advisor on mergers or
aquistions.
Intensive Resource Group already
is working with struggling hospitals
in Cali for nia, Pennsylvania and
Washington, D.C., Venuto says, and
“none of the clients have had to close
or sell.”
Mark Sauve, a health care analyst
with Nashville’s Gresham Smith
& Partners, says the nation is only
beginning to take note of hospitals in
crisis because other distressed industries, such as banking, have grabbed
the headlines.
“It’s going largely unnoticed right
now,” Sauve says. “But it’s been a hidden crisis for several months. There’s
just too much stacked against some of
these hospitals.”
One hospital system under Intensive Resource’s guidance is Valley
Health System in Hemet, Calif. The
rural hospital network filed for Chapter 9 bankruptcy in December 2007,
facing a $12 million loss.
Hospital management was at loggerheads with the union and some
members of its publicly elected board
of directors.
Despite being the only hospital
available for residents, Valley Health
faced closure unless something was
done quickly.
“We found ourselves broke,” says
Darren Magness, chairman of the
hospital’s board. “It was clear we
needed a lot of help. ... The first thing
(Intensive Resource) did was get us
out of bankruptcy court and to get rid
of our poor contracts.”
Valley Health now is projecting
a $ 2 million loss, an improvement
from the $13 million deficit the hospital faced last year. It’s been able to
increase revenue by 40 percent, Magness says.
Fred Harder, Valley Health’s chief
executive officer who was brought in
by Quorum as a part of the intervention, says the first year of a hospital
turnaround is the easiest because
some of the emergency changes are
obvious.
“The second year becomes increasingly more complex,” Harder says.
“It’s not just to put a new warm body
in place. You have to change the
underlying business dynamic (of a
hospital) if you are going to have the
best chance of success.”
Sauve says the challenges to hospitals will only mount, as they face
reduced reimbursement rates from
the government, more demands for
charity care, shrinking margins,
lack of access to capital, employee
layoffs and other spending cuts.
“No matter how good the management you work with is, it’s still going
to be a struggle,” Suave says. “In
some situations it’s not going to be
possible to save the hospital.”
Business Litigation
Corporate Law
Environmental
Intellectual Property
Labor / Employment
Personal Planning
Real Estate
470 attorneys. One focus.
Your success.
424 Church Street | Suite 1600
Nashville | 615.251.5550
www.frostbrowntodd.com
Tennessee | Kentucky | Ohio | Indiana | West Virginia
THIS IS AN ADVERTISEMENT.
©Copyright 2009 Frost Brown Todd LLC. All rights reserved.
Manufacturing
& Distribution
Focus:
By Linda Bryant
Contributing Writer
2009 Publish Dates: Mar. 6 | Jun 26 | Oct. 16 | Dec. 25
Made in Music City July 31
Call 615-248-2222 or email [email protected] to reserve your space.
5
|
|
Be on top of your game.
Free local daily news updates
from the Nashville Business Journal.
Click on email alerts.
|
Gaylord turmoil puts WSM’s
‘Back to the Barn’ on hiatus
By Jeannie Naujeck
WSM-AM’s new live radio program
“Back to the Barn,” originally set to
launch on Feb. 20, is being postponed
indefinitely as the station’s owner Gaylord Entertainment Co. weathers the
recession and internal turmoil.
“Back to the Barn” was to bring
together musical artists from all genres
on the same stage, broadcasting live
from downtown Nashville on both terrestrial radio and the Web.
But plans for the new program were
announced the same week in January that Gaylord’s largest shareholder
group, led by Texas billionaire Robert
Rowling, said it would nominate its own
slate of directors to Gaylord’s board.
Shortly afterward, a second shareholder group, Gamco Investors, said
it would also nominate its own board
candidates.
Gaylord stock, which has ranged
over the past 52 weeks from $ 36.27
to $5.27, has hovered in the $9 to $12
range for the past month.
Coincidentally or not, the new radio
show’s future is on hold.
“650 AM WSM remains focused on
creating a new show that will air on
Friday evenings,” says Chris Kulick,
the station’s general manager. “We
have decided to take a step back to further develop the concept as we navigate
through these tough economic times.”
Kulick and other WSM staff championed the new variety show and other
programming additions as a way to
bring a younger audience into the
WSM fold.
Through its powerful radio signal
that reaches both coasts at night — and
sometimes abroad — as well as its
online radio streaming service, the legendary country station has presented
Nashville to the world since 1925.
But it’s only a tiny piece of Gaylord,
whose entertainment brands, including
WSM, the “Grand Ole Opry” and the
Ryman Auditorium, provide just a fraction of its revenue, most of which come
from its four resorts and convention
properties near Nashville, Orlando,
Dallas and Washington, D.C.
Those properties, heavily dependent
on the meetings industry, are seeing
declines in group bookings due to the
economic slowdown.
While Nashville-based Gaylord
posted an increase in fourth quarter
income last year, it also saw room revenue — its bread and butter — drop by
7.1 percent due to a 6.5 percentage point
decline in occupancy. This year doesn’t
look much better, company officials
have told analysts.
Ohio company buys Allegheny
By Patty Tascarella
Contributing Writer
Greif Inc., an Ohio-based industrial
packaging manufacturer has bought
Allegheny Industrial Associates Inc., a
damage-prevention distribution company
that’s based in Bethel Park, Pa., but has
most of its operations in Nashville.
Greif spokeswoman Deb Strohmaier
says the transaction was a small but strategic one for her company, adding Allegheny to Greif’s load securement division.
The purchase price was not disclosed.
Greif (NYSE: GEF) posted earnings
of $234 million on record sales of $3.8
billion for its 2008 fiscal year that ended
Oct. 31.
Allegheny had sales approaching $13
million, says chief financial officer Jeff
Blosel, a company owner who will remain
with the business during its transition
period for the next three months.
Allegheny designs load securement
systems for the freight industry and
provides computer-assisted drawings
of load plans for training and assisting
companies’ shipping departments. It
has a skeletal staff in Pennsylvania, led
by Blosel, and about 20 employees in
Nashville.
Scott Callahan formed Allegheny in
1991. Blosel, who had been an accountant
at Ernst & Young, joined in 1994. He and
two partners, Marc and Sonia Johnson,
bought Allegheny for an undisclosed
price from Callahan in 2001.
Marc Johnson became CEO and moved
with his wife to Nashville, where Allegheny began shifting operations in the late
1990s to be closer to its main client base,
the paper industry.
Talks began “in earnest” with Greif,
which is located near Columbus, in late
summer, Blosel says.
“We were looking to combine our
strengths with a bigger company that
would help us grow and expand,” he says.
“There’s a real synergy between the products Greif manufactures and securement
of freight.”
Strohmaier could not say what roles
Allegheny executives will have going
forward. Blosel says he’ll “pursue other
opportunities” once the transition is
complete.
“It’s a vertical integration play for
Greif, which began as a cooperage, making barrels for shipping whiskey, and has
broadened (its) focus over the years,” says
James Bauerle, a partner of Keevican
Weiss Bauerle & Hirsch LLC, a Pennsylvania law firm.
Bauerle expects to see more acquisitions this year.
“We’ll see people take advantage of reasonable pricing, particularly those that
have the balance sheet to do it,” he says.
Patty Tascarella is a writer for the
Pittsburgh Business Times.
|
February 13, 2009 | Nashville Business Journal
nashvillebusinessjournal.com |
Financial | Research can help spot investing scams
CONTINUED FROM FRONT PAGE
orderly prosecution of people who violate
trust. It destroys those of us in the industry who are honest and transparent.”
In the late 1990s, Cherry became notorious for mismanaging millions of dollars
for high-profile Music Row clients.
Several years ago, McLean’s Murfreesboro-based pyramid scheme fell apart, but
not until after he had promised millions
of dollars to schools and museums to support music programs and cheated investors out of their life savings. Disgraced by
an SEC investigation, he killed himself on
an church lawn in 2007.
Park was indicted on mail and wire
fraud in December. He allegedly had
bilked Williamson County investors out
of more than $9 million since 2001.
Such pain is needless, Grimm says.
A little common sense and a few mouse
clicks can put investors’ minds at ease
— or raise red flags — about most financial advisors and money managers.
The SEC and the Financial Industry Regulatory Authority have online
resources to help investors check the
credentials of brokers and advisors.
“This public information can be
searched on the Web to see if there have
been any complaints, if they have had
legal troubles and if they are licensed,”
he says. “That information is public, but
no one goes there.”
FINRA, the lesser known agency, is the
largest non-governmental regulator for
securities firms doing business in this
country, overseeing nearly 5,000 brokerage firms, about 172,000 branch offices
and more than 663,000 registered securities representatives.
“If someone claims to have made a lot
of money and has no credentials, they’re
probably just really good at sales,” says
Will Welborn of Waddell & Associates, a
fee-only investment advisory firm based
in Brentwood.
Derrick Jones, managing director at
Nashville Bank and Trust, says the SEC
and FINRA don’t have jurisdiction over
all money managers. Some may operate
under trust powers, which are the jurisdiction of state banking authorities.
Because of the complicated regulatory
structure, Jones recommends investors
know exactly where their assets are
invested and insist that the advisor is not
the source of statements. Madoff not only
said he was investing billions of dollars
for his clients, but issued statements of
their account values himself.
“Make sure you understand exactly
what you’re invested in and make sure
the statements reflect that clearly,”
Jones says.
Welborn says no investor should ever
sign over full power of attorney to an
advisor, which gives them free reign with
the money and opens the door to fraud .
Welborn says his company, with $400
million under management in the MidSouth, has its clients open an account
with Charles Schwab and give them a
limited power of attorney to deduct fees.
“With Madoff, he was taking the money
from new investors,” Welborn says. “The
only reason he could do that was he had a
full power of attorney.”
Jeff Bates, partner in Kings Point Capi-
Ask Your Advisor
Financial planner Tom Grimm of Williamson Wealth Management suggests
investors ask any potential financial
advisor a few key questions:
• What experience do you have, especially with people in my circumstances?
• Where did you go to school? What is
your recent employment history?
• What licenses do you hold? Are you registered with the Securities and Exchange
Commission, a state or the Financial
Industry Regulatory Authority?
NewmarkNow.com
LOGON OR CALL 615.771.1170
FOR GREAT DEALS ON HOMES READY NOW.
Newmark Homes reserves the right to alter home specifications, options or price without notice or obligation.
• Are the firm, the clearing firm and any
other related companies that will do
business with me members of the
Securities Investor Protection Corp.?
• Can you only recommend a limited
number of products or services to me?
If so, why?
• How are you paid for your services?
What is your usual hourly rate, flat fee
or commission?
• Have you ever been disciplined by any
government regulator for unethical or
improper conduct, or been sued by a
client who was not happy with the work
you did?
• For registered investment advisers, will
you send me a copy of both parts of
your Form ADV, the form used to register with the SEC?
• Will you provide references from
current clients?
On the Web:
www.finra.org
www.sec.gov
tal Management, a wealth management
firm with an average client account of $4
million to $5 million, says investors need
to insist on checks and balances in the
way their accounts are handled.
“It’s clear the industry has been painted negatively and always will be by frauds
and scams of that nature,” he says. “The
rules and regulations are in the system
to protect people. The problem is most
people don’t understand the rules and
regulations.”
Bates says any financial relationship
involves three entities: an advisor, a custodial agent and a broker.
“In the frauds you have seen, one person controlled all three entities,” he says.
“We have the stance that there will be …
three sets of eyes on every account.”
Jeff Dobyns, president of Nashville’s
Southwestern Investment Services,
says red flags should go up if advisors
can’t access online statements, and if
the assets aren’t able to be liquidated
within a week.
“There’s no normal investment that
takes that long to liquidate and doesn’t
generate a statement,” he says.
Grimm believes more scam artists will
be uncovered as their financial houses of
cards fall apart.
“My guess is we will find more,” he
says. “People need to do due diligence,
even on their current advisor. There are
criminals in every industry.”
-2**8,#(1 1$3$/612/, 1211-,-1$*5"*20(3$ ,#4$*"-+(,&
-,1$+.-/ /6 ,#"-+%-/1(,&$)23$, 1(,& ,#/$* 5(,&(,1'$
'$ /1-% 0'3(**$"-+!(, 1(-,1' 101'$0 1(0%6(,&/$02*1-%
(,0.(/(,& /1 ,# /"'(1$"12/$2,. / **$*$#1$"',-*-&6$51/ -/#(, /6
%--#/--+0&$,$/-20*6-21811$#4(1'+-#$/,"-,3$,($,"$0 ,#
.$-.*$4'-' 3$ ,2,"-++-, !(*(161- ,1("(. 1$6-2/.$/0-, *
,$$#01$ 0$6-2/$ 1211-,-1$*
7
444"-+ 7
7
|
|
Call for crooners: CMT to host
auditions at Wildhorse for ‘Duet’
Think you and your best buddy
have that sweet, Southern harmony?
CMT will hold auditions in Music
City on March 7 for “Can You Duet”
— which debuted last year as the
highest rated series premiere event
for the Nashville cable network.
CMT and FremantleMedia North
America, the Burbank, Calif., producer of “American Idol,” will hold
an open casting call for thousands of
country music hopefuls at the Wildhorse Saloon on Second Avenue.
The show seeks to find America’s
next great country music duo.
This season’s judges have not been
announced yet, but last year’s hopefuls were guided by country superstar
Naomi Judd, vocal coach Brett Manning and songwriter Aimee Mayo.
Several season one contenders are
making albums. Last year’s winners
Caitlin Lynn and Will Snyder were
signed to Sony Music Nashville Columbia Records, and their debut single
“Even Now” hits radio next month.
Husband-and-wife team Rory Feek
and Joey Martin, the third place runnerups, landed a recording contract with
Sugar Vanguard/Suger Hill Records.
The duo’s debut CD recently cracked the
Top 30 on the country charts.
Fourth place runner-ups and identical twins Kate and Kacey Coppola
have signed with Big Machine records
and are gearing up to join Little Big
Town on a West Coast tour.
For more information, go to www.
canyouduet.com.
Springs apartment complex opens
in Antioch , adds to area growth
Antioch is seeing a growth of higher-end rental units, as the 336-unit
Springs at Mountain View rental complex comes online.
Milwaukee-based Continental Properties Co. Inc. developed the 21-building, 411,669-square-foot residential
complex at 5000 Mountain Springs
Road in Antioch.
Prices range from $670 per month
for a 575-square-foot studio apartment
to $1,100 for a 1370-square-foot unit
with a view.
“The challenge with such a vast
multi-family project is to deliver a
project that meets the market’s current demand while also anticipating
future market dynamics,” says
Scott Hoppa, vice president
of McShane Construction
Co,’s southeast region, the
Nashville Business Journal | February 13, 2009 |
project’s Chicago-based builder. “The
Springs at Mountain View supplies a
practical economic solution to meet
the needs of the growing population
while maintaining the high-quality
residential product.”
Antioch, southeast of Nashville, had
a population of about 57,000 in 2007, a
nearly 10 percent growth since 2000.
— Turner Hutchens
Gospel music festival mixes faith,
finances to weather turbelent times
GMA Music Week is usually a time
of music, celebration and inspiration,
but this year’s festivities will also give
a nod to the deepening recession affecting members of the Christian music
community.
The Gospel Music Association, the
trade group for all forms
of Christian and gospel
music, has added two
personal finance sessions
led by financial experts
along with a Dave Ramsey
Wealth Coach program to
the agenda.
Styll
Typically GMA Week,
the industry’s biggest event, is a time
for artists, broadcasters, music retailers, managers, agents, promoters,
record companies, publishers and
marketing professionals to gather and
network. But along with the usual
seminars, panels and performances,
“this week offers us an opportunity to
support, equip and encourage in the
shared journey during turbulent economic times,” says John Styll, president and CEO of the GMA.
BiZ
The two sessions feature financial
experts and authors Michael Q. Pink
and Bethany and Scott Palmer. Pink’s
presentation “Financial Hurricane
Creates Opportunity” will focus on
reinventing jobs, business and life in
the context
of faith.
Pink is the
founder
of Selling
Among
Wolves, a
sales training and
development
firm, and
the author
of numerous
faith, business and
leadership
titles.
Bethany and Scott Palmer, “The
Money Couple,” will lead a session
on healthy financial communication
for couples called “First Comes Love,
Then Comes Money.”
GMA Week 2009 is scheduled for
April 18-22, capped off by the 40th
Annual GMA Dove Awards on April
23 at the Grand Ole Opry House.
— Jeannie Naujeck
What I know:
I know ! I know !
!
I know I know " "
!
I know That’s what I know:
John B. "Beau" Grenier
ba-boult.com
#!#$%% $%%%"&%) %$#'$% !# #$#%#%%"&%) $#'$!# #) %#()#$ %% ##$"
%'& #%#
|
BıTs
Conseco starts work on $1.7M
medical building in Gallatin
A niche and relationships can pay
off, especially in the recession-battered
construction industry.
That’s what Phil Pace, president of
Nashville-based Conseco Group, says
led to the contract on a $1.7 million
project breaking ground this week
within walking distance of Sumner
County Regional Hospital.
The project is a 10,000-square-foot
medical office building for Urology
Associates at the corner of Steamplant
Road and Richland Avenue in Gallatin.
“I’ve done numerous projects for
Urology Associates,” says Pace, who
built a surgical center eight years
ago for the company. “I’ve got a very
strong background in medical development.”
On the medical front, Conseco is
staying busy. The company is also
about to start work on a urology
practice in Jackson, Miss. And closer
to home, Conseco finished a 15,330square-foot, $2.4 million medical clinic for Centennial Pediatrics in Mount
Juliet that opened in December.
“I’m blessed in that I’ve got a solid
backlog of work for 2009,” Pace says.
Pace says a recent drop in construc-
Urology Associates project in Gallatin.
tion prices makes it a great time to
build if you’ve got the cash. He estimates the Urology Associates job would
have come in at least 15 percent to 20
percent higher if it were bid last year.
“They’re really smart abut how
they approached it,” he says of Urology Associates, which has satellite
offices throughout Greater Nashville.
— Scott Takac
Martell foundation honors leaders
in medicine, music, philanthropy
Four prominent Nashville citizens
will receive lifetime achievement
awards at next month’s T.J. Martell
Honors Gala.
The event, in its first
year, will bring together
leaders of the music, medical and philanthropic
communities to benefit
the T.J. Martell Foundation, one of the premier
charities supported by the Gore
music industry.
Former vice president and Nobel
Prize winner Al Gore will receive the
Humanitarian Lifetime of Achievement
Award for his work in raising awareness of man-made climate change.
Gore, who also represented Tennessee in the U.S. Senate before ascending to two terms as vice president
in Bill Clinton’s administration,
has since become an internationally respected figure on environmental issues, culminating in a
2007 Nobel Peace Prize. He is the cofounder and chairman of Generation
Investment Management, a
sustainable investing firm.
Also being honored are
Orrin Ingram, president
and CEO of Ingram Industries, who will receive the
philanthropic lifetime
achievement award for
Ingram
his dedication to helping
others in the Nashville
community and beyond;
Frances Preston, former
president and CEO of
Broadcast Music Inc., who
will receive the music lifetime achievement award
for her years of service
Preston
to the music industry
and songwriters; and Dr. Hal Moses,
director emeritus of the Frances Williams Preston Laboratories at the
Vanderbilt-Ingram Cancer Center,
who will receive the medical lifetime
achievement award for his dedication
to cancer research.
The Martell foundation is a national nonprofit organization that supports innovative research for leukemia, cancer and AIDS through eight
top research hospitals in the United
States. The charity was founded 35
years ago in honor of T.J. Martell, the
young son of music industry mogul
What I know:
I know I know ! !
!!!
I know ! !
I know! !
I know#
y Hardcastle, Jr.
That’s what I know: John B. "Jay"
ANNOUNCING THE FORMATION OF
|
Tony Martell who died of leukemia. It
has raised more than $225 million.
“Music and medicine
are always looking to the
future,” foundation CEO
Peter Quinn says. “In
music, it’s the next new
sound. In science, it’s the
next big discovery.”
The gala is March 25
Moses
at the Loews Vanderbilt
Hotel. Tickets range from $500 to $1,000.
— Jeannie Naujeck
State’s foreclosures soar in 2008,
ranking Tennessee 12th in nation
Tennessee’s foreclosure filings rose
70 percent last year, ranking Tennessee 12th in the nation in foreclosures,
according to the Tennessee Housing
Development Agency.
The state reported 44,153 filings
in 2008, up from about 26,000 in 2007.
Nationally, foreclosures increased
81 percent from 2007 to 2008, with
Nevada having the highest foreclosure rate.
In Tennessee, there was one foreclosure filing for every 61 households,
compared to the national average of 1
filing for every 54 households.
Shelby County had the most foreclosures with 15,516 filings, a rate of
3.94 percent, followed by Davidson
County with 4,203 foreclosures. Pickett County has the fewest foreclosure
filings at 4.
Among the nation’s metro areas,
Memphis ranked 18th in foreclosures,
Nashville was 52nd and Knoxville
came in at 68th.
|
|
10
Achievers
advertisng
& public
relations
|
Robinson
Rob Robinson
was promoted at
McNeely Pigott &
Fox Public Relations to the newly
created position of
director of social
media. Robinson
was previously an
account supervisor.
Robinson will lead
the firm’s interactive media campaigns and shape
company strategy,
tactics and policy
regarding digital
media, including
blogging, microblogging and social
networking sites.
Robinson joined
McNeely Piggott
& Fox in 1998. A
Nashville native,
he graduated from
Washington & Lee
University in 1995
with a bachelor’s in
English and history.
Jennifer Martin
was promoted at
Alday Communications Inc. to
account supervisor.
Martin was previously an account
executive. Before
joining Alday, she
was a senior publicist with Cumberland House
Publishing in Nashville. She is a 1999
graduate of Lipscomb University,
where she earned a
bachelor’s degree
in public relations.
Hilary Ratliff has
joined Alday Communications as an
account executive.
Previously, Ratliff
was with Waynick
Book Group in
Franklin, where she
managed sales,
supervised public
relations efforts for
authors and coordinated events. She
also oversaw the
development of
the company’s
Web sites.
Brannan Atkinson was promoted
at Atkinson Public
Relations to president. Atkinson was
previously an executive vice president.
He joined the firm
in 1999 as a senior
account executive
and was named
executive vice
president in 2005.
Before joining the
firm, Atkinson was
public information
manager for the city
of Richmond, Va.
|
Architecture
& engineering
Kent Evetts was
promoted at Barge
Waggoner Sumner
and Cannon Inc.
to environmental
operating unit manager. Evetts was
previously a senior
environmental project manager. Evetts
has been with the
firm for three years.
He has 24 years of
experience in the
field and has been
involved in a wide
range of environmental compliance
and remediation
projects.
|
|
|
Mike Arrington
was named executive director of The
Operation Andrew
Group, a Christian
nonprofit ministry
that works to unite
churches businesses and civic groups.
Arrington was previously a consultant
with LifeWay Christian Resources.
Submit Your
Achievers Online
|
We’ve streamlined the Achiever
submission process so announcements appear in the paper more
quickly. To submit your Achiever
entries online please visit:
www.bizjournals.com/nashville/
bol_survey/ and click on “Achievers.”
Send Achiever photos via email
to [email protected].
Photos must be attached as .jpg or
.tif files and at least 300 dpi. Please
include in the subject line: “People:
person’s name and company name.”
The Nashville Business Journal
publishes news about people moving
in and moving up at local companies.
Listings in Achievers are free.
Miller
Reynolds
Donna Miller has
joined Lattimore
Black Morgan &
Cain PC as an
administrative
assistant. Miller
was previously with
Colony Development Partners.
Rachel Null has
joined Lattimore
Black Morgan &
Cain PC in a staff
position in the firm’s
tax division. Null
was previously a
student with Tennessee Technological University with
a bachelor’s and
master’s in business administration.
construction
chief of the Division
of Clinical Pharmacology at Vanderbilt
University Medical
Center. Brown, a
professor of Medicine and associate
dean for clinical
and translational
scientist development at Vanderbilt,
becomes the fifth
director of the
division, which is
considered one
of the outstanding
clinical pharmacology programs in the
country.
|
insurance
|
Nina Ridley has
joined HFG Benefits as an account
manager. Ridley
was previously a
benefits consultant with Strategic
Employee Benefit
Services.
Ryan Reynolds
has joined Franklin
Synergy Bank as
a senior mortgage
loan consultant.
Reynolds was previously a senior loan
consultant with
Vision Mortgage.
Reynolds has more
than 15 years
of experience in
mortage origination
and management.
|
Arrington
banking
& finance
|
Evetts
associations
& nonprofits
|
music city people
| nashvillebusinessjournal.com
|
Sloan
Olsen
|
law
Myatt
Smith
ship In Energy
and Environmental
Design professional accreditation. Bryon Olsen,
project manager
of Hardaway Construction Corp., has
earned the U.S.
Green Building
Council's Leadership In Energy
and Environmental
Design professional
accreditation. Jim
Myatt, design-build
project manager
earned the U.S.
Green Building
Council’s Leadership In Energy
and Environmental
Design professional
accreditation.
|
John Sloan, executive vice president
earned the U.S.
Green Building
Council's Leader-
Sampson
Health Care
Two Vanderbilt University physicians
have landed Robert
Wood Johnson
Foundation grants.
Dr. Uchechukwu
|
Brown
Sampson, assistant professor of
cardiovascular
medicine, was
selected for the
Harold Amos Medical Faculty Development Program,
a four-year postdoctoral research
award. Dr. Kim
Smith, clinical fellow in Nephrology,
was named to the
Clinical Scholars
Program, which
provides postdoctoral training
for young physicians interested
in research and
leadership careers
in health policy and
academic medicine.
Dr. Nancy Brown
has been named
|
Rose
Smith
Stevenson
Jonathan Rose
was promoted to
partner at Bradley
Arant Boult Cummings LLP. Rose,
who was previously
an associate, contrates his practice in
the areas of intellectual property, civil litigation and appeals.
He received his law
degree from Harvard Law School.
Eric Smith was
promoted at Brad-
|
Stinson
Harris
ley Arant Boult
Cummings LLP
to partner. Smith,
who was previously
an associate, represents clients in
business, tort and
real estate litigation.
He received his
law degree from
the College William
& Mary.
Joycelyn Stevenson
was promoted at
Bradley Arant Boult
Cummings LLP to
partner. Stevenson,
who was previously an associate,
represents clients
in litigation and
dispute resolution.
She received her
law degree from
Vanderbilt University Law School.
Steven Stinson
has joined James
Freeman & Assoc.
PC as an attorney
at law. Stinson was
previously a senior
counsel with the
School District of
Palm Beach County. Stinson is a Vanderbilt Law School
graduate and past
president of the
Palm Beach County
Bar Assoc.
Jonathan Harris
was promoted at
Ogletree Deakins
to shareholder.
Harris was previously an associate
with the firm. Harris specializes in
employment litigation. He earned his
bachelor’s degree
from Vanderbilt
University in 1997
and his law degree
from Washington
University School of
Law in 2000.
real estate
|
Sherrie Reed has
joined LandCastle
Title LLC as a client
relations manager.
Reed was previously a president
with JC Reed Title
Agency. Reed has
extensive experience
in the title insurance
industry.
Marsha Mauney
has joined Zeitlin
InTown Gulch as
broker. Mauney was
previously with Prudential Woodmont
Realty. She specializes in working with
investors, first-time
home buyers and
residential areas
close to downtown
Nashville.
Corinne Barfield,
affiliate broker with
Fridrich & Clark
Realty, has recently
been certified with
the accredited
buyer representative
designation by the
Real Estate Buyer’s
Agent Council.
|
services
|
Blaze
Dianne Vaughn
has joined LBMC
Employment Partners LLC as an
account manager.
Vaughn was previously with Advocate
Capital. She is a
graduate of the University of Montevallo.
Rev. Henry Blaze,
pastor of Progressive Missionary Baptist Church in Nashville, received the
Consumer Health
Advocate of the Year
Award at the annual
Families USA Health
Action conference.
The award, presented every year since
1998, recognizes
outstanding contributions on behalf of
the nation’s health
care consumers.
Blaze was recognized for his opposition to the dismantling of TennCare,
Tennessee’s Medicaid program.
Rising Star
|
| Brandon and Dustin Finch, Finch Construction
Nashville leaders
under 40
After stints in the corporate world,
brothers Brandon and Dustin Finch
decided about five years ago to follow
their father into the family business.
He had built a successful construction
company in Missouri. The brothers
—now based in Mount Juliet — operate a full-service construction company
focused on residential construction and
remodeling.
What’s the most interesting project
your company is working on right now?
Brandon: We are focused internally on
establishing a brand for Finch Construction in this market. The economy hit everybody last year, and it
certainly hit our company as well. We
had a successful launch in Nashville
and want to maintain a long-term and
efficient marketing campaign to support our company.
What circumstances led you to your
current position?
Dustin: We have a lifetime background
in construction. Our dad has been
training us in the field ever since we
were old enough to walk on a roof.
Now more than a decade into this business, we have tackled nearly every
problem that a homeowner or property
manager could possibly have.
music city people
What has been your biggest professional mistake? How did you overcome it?
Brandon: In the construction world,
even what may seem like a tiny
mistake is always perceived as “a
big one” to my brother and I, as we
are trusted with a client’s personal
property and possessions. The key is
learning from each experience, correcting any situations that results
and overall building a more efficient
knowledge of our equipment and the
services we offer.
owners just simply don’t
think about the repairs
and upgrades that can still
be accomplished at this
time. Even in the winter,
nearly every home could
use weather and heat efficient upgrades that could
assist in savings on your
energy bills. Simply put,
most repairs will pay for
themselves
over time.
What would you tell other younger
business leaders to do to find success?
Dustin: Do not quit early on in the
business plan. Beginnings are rarely ever easy. You’re going to make
mistakes and be faced with the
consequences.
Brandon: As we mentioned earlier,
each struggle brings about a new
opportunity to learn and build a
stronger impact in the business
community.
Who has been
Name/Age: Brandon
your biggest
Finch,25, and Dustin
mentor, and
Finch, 25
what is the
Company: Finch
most impactConstruction Co.
ful lesson
they have
Title: Owners
taught you?
Dustin: Our
father, as he has been working in construction for the past 25 years and has
owned his company for the past two
decades.
Every lesson he has taught us over
the years in the business and nonbusiness world has had a lasting
impression on our choices, personality and communication patterns. Most
importantly, his swift business mind
What is the biggest challenge you are
currently facing?
Brandon: The economy is our biggest
challenge. Construction companies
always feel cash flow cuts during the
colder months as property and home
WhEN CLIMbING thE LAddEr
Of SuCCESS, It’S NICE tO
StOp ANd ENJOy thE VIEW.
Cool Springs IV
NOW LEASING
and ability to adapt to the changing
environments is something we greatly
value at the moment.
What does Nashville need to help retain
and attract top young talent?
Dustin: Music City has survived many
years of booms and depressions, and
it’s up to the young talent to stay versatile enough to transition and grow
right alongside the city.
The only
bug is in
our name.
For information, please contact
Jimmy Miller
615-320-5566
Leasing
• asset
www.fireflylogic.com
ManageMent
•
DeveLopMent
highwoods.com
|
Background
Custom Software
Development
> 143,000 square feet
available
> Accessible via I-65
> Located in Franklin,
just south of downtown
Nashville
> 10 minutes to Brentwood,
20 minutes to the airport
> Beautiful park-like setting
with walking trails and
numerous amenities
11
|
12
Profile
music
cit y
people
A Conversation With | Steven André, Hutton hotel
The Hutton Hotel, a $50 million
boutique hotel in the West End, was
recently given the green light and is
now open for business. General manager Steven André moved to Nashville
a year ago to oversee the project’s
construction and launch.
What is the most outside-of-the-box
idea you have ever had in your professional career? Creating the most
green and high-tech property in Nashville while maintaining the highest
standards of comfort and service for
our guests.
What was the result? The ultimate
judges will be our guests, and I look
forward to hearing their feedback.
What single thing makes your organization stand out? After spending
the past year working on setting up
our current standards and levels of
service, the first topic of business is
to come up with new ideas. I firmly
believe that if you are not coming up
with new ideas and ways to improve
your business you are falling behind
your competition.
How did you wind up in your current
position? I never thought I would end
up in the hotel business. I worked in
hotels in high school and throughout
college but left the business for a while.
During the economic downturn in
the mid-80s, my current company was
suffering and I had an opportunity to
go back into the business. From that
point on, I never looked back and kept
working my way through the ranks to
get to this position.
workout. During the evenings I cook
to relieve stress.
Favorite hobbies? Biking, skiing and
cooking.
Pets? Two cats that I adopted from the
Humane Society in Houston.
Person outside of your family you
would most like to spend time with on
an island? Penélope Cruz.
If you had a $1 million windfall, you
would: Think about retiring a couple
of years earlier then I had planned.
helps make you successful. I ended
up switching companies more often
than I would have liked to. It is really
important to spend just as much time
interviewing your future employer as
they spend interviewing you.
They're making a movie of your life. Is it
a drama or comedy and who plays you?
I imagine it would be a comedy. Billy
Crystal.
Background
Name: Steven André
Title: General manager Company: Hutton Hotel
Address: 1808 West End Ave.,
Nashville 37203
Web: www.huttonhotel.com
Employees: 200
Most Recently Read Book:
“Netherland” by Joseph O'Neill
Favorite Music Artist: Eagles
Education: University of Wisconsin
— Madison
It is 11 A.M. on Saturday. Where are you?
Probably someplace in the Franklin
area on my bike.
What line of work would you pursue if
you couldn't work in your present one? I
am always amazed at the creative and
innovative people out there. I would
like to work in a private equity firm
finding and funding these new start-up
companies.
CEO of another company whom you
admire? Isadore Sharp, founder,
chairman and CEO of Four Seasons
Hotels and Resorts.
What is there about you that
people would be surprised to
learn? Passion for cooking.
Biggest professional
mistake and how you
overcame it? It is
not just the job
but the company
you work for that
What word best describes your leadership style? Flexible. I believe it is very
important to establish broad goals
for each of our associates. Each person has unique skills to bring to our
organization, and I want to provide
a platform where they can use their
individual talents to help us reach
our goals.
Goal yet to be achieved? I am fortunate
to work for a great company with some
excellent people who have allowed me
to work on new projects and expand
my areas of expertise in the hotel business. I would like to add some regional
responsibilities with our company and
work on developing new luxury independent properties with Amerimar
Enterprises.
Professional pet peeve? Lack of
commitment.
What do you do to relieve stress? On
the weekends, I get on my bike, and
during the weekdays it is some time
at the gym. I always feel refreshed
mentally and physically after a good
|
|
|
jim schorr
|
What’s the biggest difference
between Nashville and San Francisco? The cost of housing. I bought a
condo at the Adelicia, and the joke has
now become that I lived in San Francisco for 15 years but had
to move to Nashville to
afford a view.
How does the business climate here
compare? It’s comparably dynamic, only in
different ways. The San
Francisco Bay Area is driven by the
technology sector, whereas Nashville’s vitality seems to come from
the music industry and health care.
In both cities, the spirit of innovation
is a part of the business culture and
climate.
Why did you decide to settle in
Midtown? My decision was all about
location, location, location. I’m just
a few blocks from Vanderbilt and a
number of great restaurants and bars.
I’ll eventually want a house, a yard, a
dog, etc., somewhere in town, but the
condo life works well for me now.
What has surprised you most
about this area? No surprises, which
is just the way I like it. My father
was the marketing genius who came
up with “the best surprise is no surprise” slogan for Holiday Inn in the
’80s, and apparently I take after him
in that way.
What’s the best restaurant
|
Chris schickling
New to Nashville
What’s the biggest difference
between Nashville and Dallas? There
is more of a community in Nashville as
compared to Dallas. Also, it is a smaller,
tighter-knit community so there is more
of an ease of doing things. It is easier to
get involved.
How does the business
climate here compare?
Nashville is a more relationship-driven business
community. Additionally,
Nashville is not heavily
reliant on one industry.
What brought you to
Nashville? My wife is originally from
Nashville. We got married and decided to
relocate here. Previously, we were in
Dallas and before that, she was in
San Francisco, and I was in Newport
Beach, Calif.
In what part of town did you
settle? Green Hills. We thought it was a
great location.
What did you know about the city
before you moved here, and does it
hold true? Everything I knew about
Nashville I learned from my wife, my
wife’s family and my friends who attended Vanderbilt. They all had one common
theme — they loved Nashville. I knew
that it would be a great place to raise a
family, and now I know why.
Are there any amenities or options
you think Nashville lacks? I miss the
ocean from California and good Mexican
food from Texas.
Have you visited any Music City
13
you’ve eaten at so far and what did
you order? I had a very nice meal at
Miro District last weekend. I had the
linguine with a white wine/garlic/
pesto, and my date had the scallops
and risotto. Both were excellent.
Company: Vanderbilt University, Owen
Graduate School of Management
Position: Clinical professor
of management
Phone: 615-332-4852
Web Site: www.owen.vanderbilt.edu
Age: 41
Time in Nashville: Two months
Moved From: San Francisco, University
of California at Berkeley
�
Have you found a favorite local
hangout yet? Definitely, the Corner
Pub in Green Hills. One of my friends
from UT, Jeremy Palmer, owns the
place, and it’s where all of our college
crew meets up for ball games, cold
beers and good food.
Where’s the best local place to
shop? I moved here in early December
and had most of my holiday shopping
finished at that point. But I did make
a few trips to the Green Hills Mall,
and they’ve got it all there.
I want to eat at the Pancake Pantry
and check out the bookstores and
shops in Hillsboro Village, but I just
can’t bring myself to stand in line in
the cold for breakfast.
�
�
�
�
�
�
�
|
nashvillebusinessjournal.com | tourist attractions? Yes, the Country
Music Hall of Fame.
What has surprised you most
about this area? The biggest surprise is
how genuinely kind the people are
in Nashville.
Company: NAI Nashville
Position: Affiliate broker
Phone: 615-850-2718
Web Site: nainashville.com
Age: 31
Time In Nashville: Three months
Moved From: Dallas, Texas
What recommendation would you
have for others who are new to town?
Get out and explore the town: the food,
the culture, the history.
What’s the best restaurant you’ve
eaten at so far and what did you
order? I’d have to say Sambuca for the
food and overall ambiance with live
music. I had a ribeye.
Have you found a favorite local
hangout yet? The Crow’s Nest for happy
hour and the Green Hills Regal 16. My
wife and I love going to the movies.
Where’s the best local place to
shop? According to my wife, Green
Hills mall.
What hobbies do you have and
have you done them here? Studying
history — yes, I visited Franklin — and
lacrosse. I coached in Dallas and am
considering doing the same her if time
permits.
New Wellness Center with four times the
previous space
New indoor parking garage with more than
150 secure parking spaces
New group fitness studios with yoga,
Pilates, Zumba and other great classes
New Cardio Cinema Studio—work out while
enjoying a theater-style movie experience
Newly renovated men’s and women’s
locker rooms
New Welcome Center and Café
New 3N1 Fitness Program to help you
succeed with your health and fitness goals
New membership categories to fit your
household situation
Visit us or call (615) 254-0631
Downtown YMCA • 1000 Church St. • Nashville, TN 37203
ymcamidtn.org/downtown
Our Mission: A worldwide charitable fellowship united by a common loyalty to
Jesus Christ for the purpose of helping persons grow in spirit, mind and body.
|
|
14
|
Face to Face
T
music
cit y
people
he Centerstone Ambassadors Circle
held a cocktail reception featuring a discussion
led by top schizophrenia researcher Dr. Herbert Meltzer
of Vanderbilt University Medical Center.
Photographs courtesy of Seigenthaler Public Relations
Joan Sivley and
Dr. Herbert
Meltzer.
Deena Shapiro, Annie Schaefer, Laura Allen and Meredith Griffith.
Brad Nunn (left), Bob Vero, Lee Ann Ingram and Tom Doub.
Parker Griffith, Ted Stein and Trish Lindler.
N
ashville’s first “Super Duper Paper
Triangle Football Tournament … Bowl”
was held during the weekend of the Super Bowl
at the Wildhorse Saloon. The event, sponsored by
96.3 JACK-FM, was a fundraiser for Big Brothers
Big Sisters.
Photographs courtesy of Varallo public relations
After all the paper football flicking, the tournament finalists were Wayne Dixon (left), Matt Pelters,
grand prize winner Andy Malone and Robert Erwin.
Keith Richardson (left), Nicki DeCroce,
Trent Pender, Becky Eastridge, Meredith
Mazanek and Lila Tuck of 96.3 JACK-FM.
|
|
Strategies
Roads pave the
way for ICA
Focus on infrastructure
creates new opportunities
By Jeannie Naujeck
Some companies take their work on
the road. For Infrastructure Corporation of America, their work is the
road.
ICA, a fast-growing asset management company based in Brentwood,
manages thousands of miles of roadway in five states.
It offers an outsourcing model for
state departments of transportation
that bundles maintenance services for
highways, bridges and roadside facilities under a flat-fee, performancebased contract.
It’s a model that co-founders David
Rader and Butch Eley say avoids
unnecessary work, ensures consistent
quality and helps states trim their
transportation budgets.
“Governments are different from
the private sector,” Rader says. “They
have constraints. As a result of that,
we can do work faster. Almost always,
we can do it as good, if not better, in
terms of quality of service, and in
many, many cases we can do it at a
cost savings.”
Rader and Eley speak
from experience. Both
spent years in government and understood the
procurement process.
After leaving government,
Eley worked as a privati- Eley
zation consultant for clients such as Corrections Corporation
of America, Leisure Management and
Waste Management.
Some 11 years ago, the pair decided
to make a go at offering government
privatized services and settled on roadway maintenance for three reasons.
The first was need. The interstate
highway system turned 50 last year,
and ICA felt an aging infrastructure
compounded by an increasing number
of vehicle miles traveled would result
in a greater need for maintenance.
Second, the industry was fragmented. Roads traditionally have been
maintained by state-employed crews.
Over the past 20 years or so, some
states have started outsourcing tasks
such as lawnmowing, litter pickup
and guardrail maintenance But, most
of the players were small, local busi-
nesses offering only a few services.
Third, states have been consistently
decreasing their transportation budgets, and ICA’s business model was
designed to cut costs.
“It was more evolutionary than
revolutionary,” Rader says.
Rader and Eley got early backing
by pitching Corrections Corporation
entrepreneur Tom Beasley, whose
name helped bring other investors on
board.
Just over two years
later, ICA got its first
contract to manage
258 miles of I-75 in
Florida.
“It gave us a revenue stream to surAddress: 5110 Maryland Way,
vive and gave us a
Suite 280, Brentwood 37027
tangible project to sell
Phone:
615-377-4730
off of and it went from
Web: www.ica-onramp.com
there,” Rader says.
Employees: 300
Today, ICA has 26
five- to 10-year conWhat they do: ICA provides
maintenance services for
tracts in five states
roadways, bridges and
— Florida, North
roadside facilities such as rest
and South Carolina,
stops, welcome centers and
Texas and Virginia
weigh stations.
— maintaining
Revenue: ICA has
6,000 lane miles of
26 contracts with
interstate highway
state departments of
transportation, each bringing
and more than 3,000
in $28 million over five years;
bridges in Florida
maintenance of Florida’s
alone, as well as most
Sunshine Skyway Bridge,
of Florida’s and Virworth $6.1 million over six
years; and responsibility
ginia’s welcome cenfor Florida rest stops and
ters and rest areas.
petition is still the
welcome centers, worth
Except for bandage
road crews employed
$62.5 million over 10 years.
repairs such as fixby most states includICA says its annual growth
ing potholes, sealing
ing Tennessee, which
exceeds 20 percent per year.
cracks and minor
outsources some
milling and grading,
work such as guardICA stays away from heavy roadwork,
rail repairs and mowing to private
focusing instead on mowing, litter,
contractors, but manages pothole
drainage, vegetation management,
repairs and snow and ice removal
signage, striping, guardrail repair
with in-house maintenance.
and emergency response.
TDOT spokeswoman Julie Oaks
“Where we stop is on the asphalt,”
says the state has looked at asset manRader says. “We don’t do large scale
agement firms like ICA, but last year
rehabilitation projects of the intera bill authorizing a pilot project died
state system.”
in committee on Capitol Hill.
The performance-based model also
With statewide unemployment at 7.9
means states avoid paying for makepercent, any bill that could result in
work to keep crews busy during down
job losses is unlikely to get traction.
“With the current situation with the
times. Rather than contracting to mow
state economy, we just don’t feel this is
grass 10 times per year, ICA promises
grass won’t exceed 12 inches in height, the right time to do this,” she says.
ICA’s biggest business challenge
and mows only as needed, Rader says.
has been managing risk such as natuICA’s main competitors include
ral disasters that can throw a fixed
Richmond, Va.-based VMS/Transprice, lump sum, performance-based
field; DBI Services of Hazleton, Pa.,
contract out of balance.
and Roy Jorgensen Associates of
Several years ago, hurricanes
Buckeystown, Md. But its biggest com-
|
15
Infrastructure
Corporation Of
America
David Radar is co-founder of
Infrastructure Corporation of
America.
caused $10 million damage along a
stretch of Florida interstate. ICA had
to wait two and a half years to get several million dollars in reimbursement.
“We were in good enough shape to
weather that storm,” Rader says. “But
it could have been catastrophic.”
Call it a lesson learned. ICA was
able to renegotiate its contracts with
Florida to cap its liability at 50 percent of the annual contract value.
“We were forging new ground, so
were the DOTs,” Rader says. “We still
have risk now, but not the way it was.”
As ICA begins its 11th year in business, it’s enjoying an annual growth
rate greater than 20 percent in an estimated $31 billion industry.
ICA sees millions of miles of opportunity in states where it’s already
doing work, as well as 45 others. Other
growth opportunities include toll
roads and airports.
And while ICA won’t directly benefit from any federal stimulus money,
state allocations could free up some
money for outsourcing maintenance.
|
|
Construction & Development
focus
|
|
17
Missing pieces of
Nashville skyline paint
somber industry picture
Sole
survivor
By Turner Hutchens
Just one of three major construction projects
that was expected to collectively reshape Nashville’s skyline has lived up to plans.
As work continues high above Music City on
the 29-story, $105 million Pinnacle at Symphony
Place, two larger projects valued at $600 million
that would have dwarfed the Pinnacle in cost
and scale never made it off the ground.
The $300 million Signature Tower and the $300
million West End Summit are two of the biggest
on a long list of building projects that face uncertain futures. Both had been slated for completion in 2010. One
ABOUT THIS SECTION
remains a parking lot; the other
| A year ago, construction
is a massive hole in the ground.
cranes were the norm in
While the effects of the
Nashville. Suddenly, the pipeline
frozen credit markets may be
ran dry and projects — many of
most visible downtown in what
them high-profile — stalled. In this
would have been, contractors
Focus section, we examine the
across the region and the state
state of the local construction
are feeling the chill.
industry and when it, and the
“If you hadn’t got at least some
cranes, might return.
movement on a project (before
the downturn), they tended to be
put off, and that became indefinite delays or the project got canceled,” says David Chase, vice
president of Nashville-based
builder D.F. Chase.
Since last year, developers
have been pulling back on
their plans.
Pace
Mathews
At the end of 2008, there was 1
million square feet of office space
ON THE WEB |
under construction — about 55
Phil Pace, president of
percent less than the 2.2 million
Conseco Group, explains
square feet under construction
how he’s tackling the downturn
at the end of 2007, according to
in “5 minutes with...” and Walker
Nashville Commercial/CushMathews of R.C. Mathews Conman Wakefield research.
tractor says a brighter future is
Industrial space has posted
just around the corner. Go to:
similar declines, with 2.8
million square feet under
construction at the end of 2008
compared with 3.1 million
square feet at 2007 year end. Nashville Commercial predicts the amount of commercial
space coming online will continue to decline
for the next two years.
Marshall Shumate, director of business
development for Nashville contractor Solomon
Builders Inc., says his company has a backlog of
work it’s been hired to do that is being delayed
because of concern about the economy and the
crisis in the financial markets.
Financing for the $105 million Pinnacle
He points to some minor improvement early
at Symphomy Place came through just
this year, with permits being applied for and
ahead of the financial market meltdown.
anxiety easing a little. However, that’s not the
same as buildings coming out of the ground.
“Once we start moving dirt, then we know
we’ve got a project,” Shumate says.
He says Nashville’s prospects are better than
Survivor | 18
|
18
2009
FOCUS | Construction & Development
nd
|
The site of the planned two-tower, $300 million West End Summit has been
dormant for more than a year.
Survivor | Developers hope stimulus gets cash flowing
CONTINUED FROM 17
many metro areas, but it’s still looking at a couple of rough years.
“We have a pretty good backlog,
though not necessarily under contract
— work we’ve been hired to perform
that is just being delayed due to market
concerns and finances,” Shumate says.
That’s become a familiar tune for
Middle Tennessee’s commercial contractors as they try to stay busy with
the few projects they have underway
and hope delayed projects will move
forward before the economic situation
becomes more dire.
Shannon Hines, president of Turner
Universal, Nashville’s largest general
contractor, says his company isn’t faring
much better than smaller contractors.
“A lot of our backlog will burn off
by the middle of next year, and a lot
of your smaller (general contractors)
have already burnt through a lot of
their backlog,” Hines says.
Hines says his company, which
works regionally and gets half of its
business from health care construction, is relatively well-positioned, even
though the conventional wisdom that
health care is recessionproof hasn’t held true.
However, he says health
care construction is likely
to come back earlier than
other construction segments because there’s still
a need that was there before Chase
projects were put on hold.
Still, Hines says if Turner doesn’t
find new projects this year and put
them on track for late 2009 or early
in 2010, the company won’t be able
to maintain its size. The company of
about 300 employees has been able to
keep job cuts below 10 percent.
“(We’re) hopeful that the credit
market will loosen prior to our backlog fading out,” he says.
For Pinnacle at Symphony Place,
the project snuck in under the wire.
Project developer Jimmy Barry,
senior director of development with
Atlanta-based Barry Real Estate, has
said the project only got off the ground
because all the major pieces, including financing, were in place before the
economy’s “major meltdown.” Barry
projects in other markets have been
delayed because of financing.
If and when markets thaw and com-
The proposed site of the Signature
Tower is still a parking lot.
panies become comfortable enough to
start expanding again, they still will
have to absorb the growing amount of
empty commercial space that already
exists before it makes sense to start
new developments.
Even Vanderbilt University, which
has a reputation for constantly building new facilities, has put its construction projects on hold because of
financial problems.
Most large-scale retail developments not off the ground before the
recession gripped the region has been
put on hold indefinitely.
Still, many of Nashville’s contractors say they still could come out of
the recession relatively whole — if the
expected federal stimulus package
jump-starts the economy, consumer
confidence picks up and banks start
lending money like they used to.
And, they say, all of these must happen before the work in the pipeline
— and the money — runs out.
“There’s got to be some demand for
there to be supply, and right now the
consumers are just not in the mood to
create demand,” Chase says.
The bond market posted its best
improvement in seven months in
December, which is a sign of hope,
Hines says. Whether it translates into
new projects or the revival of old ones
remains to be seen.
“We haven’t seen the tangible effect
of that yet, but there are discussions,
there’s talk,” he says.
|
FOCUS | construction & development
nashvillebusinessjournal.com | New residential plans scarce,
planners say, several on hold
By Jenny Burns
Middle Tennessee county and city
planners say few residential development plans are coming in, and a growing number of plans already approved
haven’t started construction.
It’s become a game of wait-and-see.
In Wilson County,
planning director Tom
Brashear says a handful
of projects that have been
approved still have not
started.
One is a Pulte Homes
development with 3,200
homes at Lynnwood Road Brashear
that’s on hold, and two
residential projects with 20 and 60
homes each on Mount Juliet Road are
also waiting to break ground, he says.
Wilson County, like many jurisdictions, requires developers to start site
work within two years of approval, or
developers have to submit a new site
plan. Brashear says he didn’t have any
site plans proposed, commercial or
residential, in the month of January.
Sumner County has several proposed projects that haven’t started
work. One is the 527-acre Lockett
mixed-use development that boasts a
marina and shops on the river. The
developer, Habersham Land Co.,
hasn’t filed its master plan yet, which
would require construction to start
within a year.
“They are playing this very wise,”
says Mike Moulton, Sumner County
planning director. “Once you get the
preliminary master plan approved
that starts a 12-month clock.”
One new development plan has
been filed recently in Sumner, after
being deferred since September.
Arcadia Land Development of Detroit
wants to build a 122-home community
in Gallatin.
It’s no surprise that builders and
developers are holding off new investment as the nation struggles through
a credit crisis and housing crash,
which has pushed businesses like
Pulte to lay off workers.
New
Remanufactured
Used
Land agents say some developers
are selling land because it’s difficult
to pay, for example, a $5,000 monthly
mortgage payment for a $1 million
piece of land when they’re having to
cut workers and slash costs.
That’s putting more land on the market and giving buyers who are looking to snap up land at reduced prices
opportunities if they’re well-funded,
says Fred Kane, a commercial agent
for Colliers Turley Martin Tucker.
In Spring Hill, developers have
three years from approval to start
projects. Ferrel White, the city’s planning director, says only current developments with some homes already
up are continuing with construction
right now.
A new, traditional neighborhood
development, Echelon, that was
approved a year ago has
not started construction,
he says.
In Williamson County,
planning director Mike
Matteson says no subdivisions of a significant size
are going through the
approval process, but he is
Kane
talking with prospective
developers looking to begin projects.
In Murfreesboro, a downtown condominium development — which was
supposed to be the first of its kind
— also hasn’t started construction.
California-based Majestic Development planned to build 46 condos, 8,850
square feet of retail space and a threelevel parking garage.
Planning director Joseph Aydelott
says Majestic hasn’t made a move
since in November.
Financing is holding up most projects, Aydelott says. That was the case
recently with a developer of an apartment complex that hadn’t started on
the project.
For new residential subdivisions,
Aydelott says developers aren’t willing to build more when there’s too
much inventory already on the market. In 2007, the city issued 844 permits for single-family homes. In 2008,
that number fell to 385.
Maximize
your options.
www.ofrs.info
[email protected]
901 South 5th St.
Nashville,TN
37213
Associate
Laura D. Burton
Heery International is proud to
announce a new appointment to
Associate. We applaud the high
standards this individual sets and
achieves on a daily basis. She is
integral to our continued success.
222 Second Ave North, Suite 423 Nashville, TN 37201
(615) 244-2525 • www.heery.com
For customized solutions at the lowest price
call 615.244.0117
19
|
|
|
the list
CLOSER LOOK
Spotlight
Meridian Cool Springs |
Meridian Cool Springs’ site
plan includes 1,055,000 sq.-ft.
of office space, 78,000 sq.-ft
of retail, 22,500 sq.-ft
of restaurant space, and
3 hotels with 475 rooms.
Source: meridiancoolsprings.com
nissan americas | Nissan’s
new corporate headquarters
is designed to be environmentally sensitive with features to
reduce the building’s solar load
and an energy saving interior
lighting management system.
Source: Business Journal research
The Next 5
Project |
Owner/Developer.................Cost
26.Cool Springs Life
Science Center |
BioMimetic
Therapeutics Inc...............$20M
27. Sumner Regional
Outpatient Diagnostic
Center | Sumner
Regional Health
Systems..............................$19.6M
28. First Presbyterian Church |
First Presbyterian
Church................................$19.5M
29. Werthan Lofts
Phase IV |
Core Development
Services..............................$18.4M
29. Rutherford County
Correctional Work Center
and Juvenille Services
Center | County of
Rutherford, TN ...........$18.4M
List Compiled
By Carol Smith
Research Director
List notes:
Source: Indivudual company
representatives and Nashville
Business Journal research.
All developments were completed
in 2008.
|
Developments
Nashville Business Journal | February 13, 2009 |
Ranked by total estimated cost
Project
Address
City
Total
estimated
cost
Owner/Developer
Construction
manager/General
contractor
Description
2008
completion
date
Meridian Cool Springs
Meridian Blvd., Franklin
$200M
Boyle Investment
Various
Mixed-use development including office,
retail, and hotel space
Fall
Nissan Americas
6061 Carothers Parkway, Franklin
$109M
Nissan North America
Skanska USA Building
10-story, 500,000 sq.-ft. headquarters
building
June
Icon in the Gulch
600 12th Ave. S., Nashville
$100M
Marketstreet Equities, Bristol
Development
Choate Construction
424 condos and apartments
with street-level retail
Fall
Encore
301 Demonbreun St., Nashville
$82M
Giarratana Development,
Novare Group
Brasfield & Gorrie
20-story, 333-unit condo tower and
20,000 sq.-ft. retail
March
Sumner Regional Medical Center
555 Hartsville Pike, Gallatin
$81M
Sumner Regional Health
Systems Inc.
Hospital Affiliates
Development Corp.
200,000-sq.-ft. expansion and
21,000 sq.-ft. renovation
July
Embassy Suites Murfreesboro Hotel
and Conference Center
Medical Center Parkway and I-24,
Murfreesboro
$75M
John Q. Hammons Hotels
and Resorts
N/A
283-room hotel with 80,000 sq.-ft.
conference center
Fall
Braxton Condominiums
400 Warioto Way, Ashland City
$74.5M
The Braxton
T.W. Frierson Contractor
10-story tower, 136 units totaling
337,000 sq.-ft., with safe harbor and
161-slip marina
June
8
9
10
11
12
13
14
15
Healthways Corporate Headquarters
701 Cool Springs Blvd., Franklin
$63M
Highwoods Properties
Brasfield & Gorrie
Five-story, 272,000 sq.-ft. Class A
office building
January
Gaylord Opryland Resort
& Convention Center
2802 Opryland Drive, Nashville
$60M
Gaylord Hotels Inc.
D.F. Chase Inc.
Renovation of 1,800 guest rooms
and restaurants
June
Verizon Tennessee state
headquarters
455 Duke Drive, Franklin
$54M
Duke Realty
Duke Construction
Two-story, 180,000 sq.-ft.
call center facility
August
Stones River Mall
1720 Old Fort Parkway,
Murfreesboro
$50M
Transwestern Stones River
Winter Construction
New JC Penney and Dillard’s, food court
and open-air lifestyle center
September
The Commons, Phase I B
1401 18th Ave. S., Nashville
$46M
Vanderbilt University
American Constructors Inc.
Three residential halls totaling
180,000 sq.-ft.
May
Aldridge at Gateway Village and
Stonecrest at Gateway Village
3920 Puckett Creek Crossing,
Murfreesboro
$44M
Tarragon Corp.
TDK Construction Co. Inc.
320 apartments, 183 townhomes,
66 villas on 60 acres
April
Cane Ridge Comprehensive
High School
12814 Old Hickory Blvd., Antioch
$43M
Metropolitan Nashville Board
of Education
R.G. Anderson Co. Inc.
320,000 sq.-ft. high school
July
Music City Central
494 Charlotte Ave., Nashville
$40.5M
Metro Transit Authority
Balfour Beatty Construction
428,000 sq.-ft. bus transportation center
with 24 bus stops on 2 levels with 3
levels of parking
October
16
17
18
19
20
21
22
23
24
25
Dry Creek Waste Water Treatment
Plant
61 Edonwold Road, Madison
$40M
Metropolitan Government of
Nashville & Davidson County
Brasfield & Gorrie
Waste water treatment plant
February
5th & Main — Phase I & II
5th & Main St., Nashville
$39.8M
The Home Co.
Solomon Builders
Mixed-use development including office,
residential and retail
November
Rockdale III Distribution Center
130 Maddux Road, Mt. Juliet
$31M
First Industrial Realty Trust
T.W. Frierson Contractor
700,000 sq.-ft. industrial
distribution center
2008
Cool Springs IV
Cool Springs Blvd., Franklin
$30M
Highwoods Properties
Brasfield & Gorrie
Class A office building with
153,000 sq.-ft.
October
John Henry Hale Homes — Hope VI
17th. Ave./Charlotte Ave., Nashville
$26.8M
Metropolitan Development
and Housing Agency
Hardaway Construction
Corp.
Public housing development with
228-units
November
Creekside Crossings
Indian Lake Blvd., Hendersonville
$26M
Business Condos USA
N/A
175,000-sq.-ft. retail center
March
The West End
110 31st Ave. N., Nashville
$25M
JCH Development
John Coleman Hayes
Construction
74 condos
January
Rockvale Middle School
6550 Highway 90, Rockvale
$22.1M
Rutherford County Board
of Education
160,000 sq.-ft. middle school
August
Department of Military — Tennessee
Area Command Headquarters
3041 Sidco Drive, Nashville
$21.8M
State of Tennessee —
Dept. of Military
Hardaway Construction
Corp.
Four-story, 129,000 sq.-ft. office space
April
Adventure Science Center Sky and
Space Wing
800 Fort Negley, Nashville
$21.4M
Adventure Science Center
The Parent Co
New wing for existing center including
new planetarium and 12,000 sq.-ft.
exhibit space
June
1
2
3
4
5
6
7
[email protected] | 615-846-4255
|
Offthe
cuff
question: If President Barack
Obama asked you for two ideas
on the best ways the government
could jump-start the construction
industry, what would you suggest?
FOCUS | construction & development
nashvillebusinessjournal.com | Randy Chastain
Barry Sullivan
President | Parkside Homes | 615-771-0925
Principal | Sullivan DeWire Construction |
615-799-0014
I believe a separate housing recovery bill is
necessary to send a clear bi-partisan message
that now is the time to buy a home.
By separating from the mixed messages of the
current stimulus packages, the president can
focus on housing and combine 30-year, fixed 4
percent interest rate financing to qualified purchasers with
$15,000 true tax credits to anyone purchasing a home — new
or existing — during 2009.
This action, when mixed with a strong “bully pulpit” declaration
from the president, would encourage and give confidence for buyers
to take advantage of this historic opportunity of low interest rates, tax
incentives and extremely advantageous pricing and construction costs.
First, I think we need to allow the free market
to work. The free market can’t work if it continues to be skewed by government influence. Second, I believe there is a plethora of investors that are sidelined. Granted, they have sidelined themselves in some cases but through tax incentives,
they will place themselves back into the game.
Let’s give people with investment capabilities incentive to invest
into the free market. Assuming the fall of the housing market triggered the recession and the rise in unemployment, then let’s put the
construction industry back to work, even if it’s refurbishing rental
property for investors.
Jim Cheney
Vice president of communications |
Southern Land Company | 615-778-3150
4th & Church Building
Nashville, TN
833 - 151,995 SF Available
Greg Coleman, CCIM
Rob Lowe, CCIM
Whit McCrary IV, CCIM
International Plaza
Nashville, TN
1,360 - 22,000 SF Available
Chris Schmeisser
der
C
1940 Elm Hill Pike
Nashville, TN
14,008 SF Available
Ben Burns
Charley Hankla, SIOR
R
onst OAD
ructi
on)
BECKWITH RD
CONNECTOR
240’
BUILDING
247,500 1
SF
BRO
ADW
AY
1030’
450’
BUILDING
706,500 2
SF
RUT
LAN
DR
D
1570’
400’
BUILDING
480,000 3
SF
BU
153, ILDI
000 NG 6
SF
NE
BECK
I-40 INTE
255
’
DW
AY
BUILDING
100,000 4a
SF
500’
OA
BU
75 ILDING
,000
SF 4b
BR
’
150
600
’
1200’
200’
First, I’d ask that he
convey to consumers
and financial professionals that there has
never been a better time
to invest in real estate.
It’s a tangible, long-term
value asset that has
proven itself historically.
Secondly, I’ d ask that
he encourage people to research and
investigate their investment decisions and
not rely on second-hand reports, rumor
or speculation.
A lot of knee-jerk decisions have been
made in recent months — by government
and big business — but there are solid real
estate investment opportunities out there.
500
’
’
150
400’
4c
NG SF
ILDI
BU ,000
75
BUILDING 5
500,000 SF
1250’
500
40
INTERSTATE
NASHVILLE
President and CEO | American
Constructors Inc. | 615-329-0123
I believe the best
way for the president
to jump-start the construction industry is
to provide no-interest
loans to schools and
nonprofit organizations.
Schools are “shovelready” and can start
quickly. They also benefit a large part of the population. What
better way for the government to allow
our tax dollars to go for a worthy cause
that enhances the quality of life for all than
support of nonprofit organizations. The
recently announced Gospel Music Hall
of Fame would be a good example
of a nonprofit project.
ON THE WEB |
For more ideas on what the
Obama administration might
do to jumpstart the economy, go to
nashvillebusinessjournal.com.
Weighing in are Dean Chase
of DF Chase Inc., Gary Everton
of Everton Oglesby Architects,
Rob Barrick of Smith Seckman
Reid Inc. and Barry Sullivan
of Sullivan DeWire Construction.
ECKWITH ROA
D
’
Dan Brodbeck
Beckwith Farms
Mt. Juliet, TN
Building 1 - 247,500 SF Available
Building 3 - 480,000 SF Available
Building 4a - 100,000 SF Available
Dave McGahren, SIOR
Bluegrass Commons
Hendersonville, TN
1,000-7,092 SF Available
Land Deleot
Walker Willse
3258 Ezell Pike
Nashville, TN
150,000 SF Available
John Ward, SIOR
Doug Howard, SIOR
®
We know The State of Real Estate.
Colliers Turley Martin Tucker is one of the largest privately held full-service commercial real estate rms in
the United States with over $5 billion in annual transactions and 237 million square feet of ofce, industrial,
multi-family and retail property under management.
w w w . c t m t . c o m
|
21
6 1 5 . 3 0 1 . 2 8 0 0
5250 Virginia Way
Suite 100
Brentwood, TN 37027
Commercial Real Estate Services
|
|
FOCUS | Construction & Development
They’ve got
highway hopes
|
State’s contractors await their share of
$635M in potential federal stimulus cash
By Jeannie Naujeck
Road and bridge contractors, squeezed by a narrowing
flow of projects up for bid by the state, are hoping Tennessee’s share of federal stimulus money will help keep them
afloat as the economy struggles to recover.
The Obama administration is pushing for an $825 billion spending and tax cut package and has allocated $30.25
billion for highways and bridges. Tennessee’s expected
share — the state typically gets 2.1 percent of federal
transportation money — would equal about $635 million.
The added funds could free up the state’s backlog of
roadwork and create nearly 14,000 jobs — both in onsite
construction and through the ripple effect caused by putting people back to work, says Kent Starwalt, executive
vice president of the Tennessee Road Builders Association.
“For every $1 you spend in transportation, you create a
minimum $2 in other areas,” Starwalt says.
And it’s not just busy work, Starwalt says.
“You don’t make that case for a bridge to nowhere,” he
says. “We have a transportation crisis out there.”
But while a shot in the arm may feel good now, it may
not be enough to save contractors who have had to lay off
employees and diversify into private-sector construction.
“To be honest with you, that’s a pittance,” says Rab Summers, president of Summers-Taylor, regarding the state’s
estimated portion of the stimulus.
CONTINUED ON PAGE 24
A federal stimulus
package might ensure this
lone concrete pillar in the
middle of Interstate 40 near
Whitebridge Road has something to support.The project
is one of 246 statewide TDOT
says is shovel-ready.
ARTICLE
REPRINTS
Nashville Business Journal | February 13, 2009 9`^\efl^_kfcXe[X.+.%
9fc[\efl^_kfY\
k_\Y\jkZfigfiXk\i\cfZXk`fej`k\èk_\Jflk_\Xjk%
Mailers
Shareholders
Trade Shows
Conventions
@dX^è\XìZiX]kcXe[è^Xe[kXbè^f]]
aljkflkj`[\pflif]ÔZ\nè[fn%
?Xmè^]ifek$[ffiXìkiXm\cXZZ\jj
kfYljè\jjfggfikle`k`\jXZifjjk_\eXk`fe%
N`k_+''XZi\jf]ZfigfiXk\_\X[hlXik\ijcfZXk`fejXe[è[ljki`Xc
j`k\jXmX`cXYc\#Xccn`k_XìÔ\c[XZZ\jj#k_\JdpieX&Ilk_\i]fi[:flekp
8ìgfik9ljè\jjGXibf]]\ijXle`hl\Yljè\jjX[[i\jjkf[\m\cfg\ij#
ZfdgXepfne\ijXe[Yljè\jj\jcffbè^kfi\cfZXk\fi\ogXe[%
Call toll free:
1-800-767-3263
©2009 Scoop ReprintSource
No part of this publication, may be copied, photocopied or
duplicated in any form without prior written consent.
Fg\ejb`\j#fg\ecXe[
JDPIE8&ILK?<I=FI;:FLEKP
8@IGFIK9LJ@E<JJG8IB
:fekXZk?fccpJ%N\Y\i#MG#<Zfefd`Z;\m\cfgd\ek
Ilk_\i]fi[:flekp:_XdY\if]:fdd\iZ\
-(, /-0$'*+,
_jn\Y\i7ilk_\i]fi[Z_XdY\i%fi^
jdpieXXìgfik%Zfd
the list
|
CLOSER LOOK
|
Top 10 Contractors by
Contracts Awarded
|
General contractors
|
Ranked by construction billings
Prior
rank
Name
Address
Phone
Web site
Local office
Jan-Oct. 2008:
Construction
billings |
Contracts awarded
No. of
employees:
Local |
Companywide
Largest local 2008 project,
location, amount
Top local official
and title
Year entered
Nashville
market |
Headquarters
1
4
Balfour Beatty Construction
535 Marriott Drive, Suite 625, Nashville 37214
889-4400
balfourbeattyus.com
$300M | $350M
140 | 1,600
Vanderbilt Master Plan Phase II
Critical Care Tower, Nashville,
$114M
Rocky Wooten
Senior vice president
1966 |
Dallas
2
5
Bovis Lend Lease
1801 West End Ave., Suite 600, Nashville 37203
963-2600
bovislendlease.com
$256M | $209M
81 | 2,800
N/A
Rod Creach
Senior vice president,
principal in charge
1980 |
New York
3
1
Universal Construction Co. Inc. dba Turner Universal
5300 Virginia Way, Brentwood 37027
231-6300
turneruniversal.com
$211M | $274M
81 | 152
Middle Tennessee Medical
Center, Murfreesboro, $186M
Shannon Hines
President
1955 |
Brentwood
4
2
Bell & Associates Construction
255 Wilson Pike Circle, Brentwood 37027
373-4343
balp.com
$204M | $86M
220 | 383
White House Heritage High
School, White House, $32.8M
Keith Pyle
President
1969 |
Brentwood
NonResidential
Construction
5
6
Brasfield & Gorrie
2636 Elm Hill Pike, Suite 200, Nashville 37214
313-2900
brasfieldgorrie.com
$106M | $32.7M
304 | 3,174
The Pinnacle at Symphony
Place, Nashville, $105M
Clay Bright
Vice president
1998 |
Birmingham,
Ala.
National Annual Value of
Construction Put in Place
6
7
D.F. Chase Inc.
3001 Armory Drive, Nashville 37204
777-5900
dfchase.com
$94M | $300M
80 | 80
Nashville Opera Association
headquarters, Nashville, $6M
Dean Chase
President
1986 |
Nashville
7
10
1801 West End Ave., Suite 1800,
Nashville 37203
329-1789
rgandersoncompany.com
$89.8M | $127,944
50 | 100
Cane Ridge Comprehensive
High School, Nashville, $43.1M
W. Craig Johnson
President
1989 |
Nashville
8
13
T.W. Frierson Contractor Inc.
1330 Murfreesboro Road, Nashville 37217
367-1333
twfrierson.com
$82.9M | $48.4M
150 | 160
The Braxton Condominiums,
Ashland City, $50M
Joe Street
President
1958 |
Nashville
9
11
J.E. Crain & Son Inc.
2525 Winford Ave., Nashville 37211
244-1222
jecrain.com
$76.9M | $49.7M
115 | 115
Hilton Garden Inn, Nashville,
$21M
Michael Rankin
President
1933 |
Memphis
10
8
Hardaway Construction Corp.
615 Main St., Nashville 37206
254-5461
hardaway.net
$74.6M | Declined
115 | 125
Franke Corp. office and
warehouse complex, Smyrna,
$25.6M
Stan Hardaway
President
1924 |
Nashville
11
(tie)
9
American Constructors Inc.
2900 Vanderbilt Place, Nashville 37212
329-0123
americanconstructors.us
$65M | $65M
102 | 126
World Outreach Church,
Murfreesboro, $31M
Dan Brodbeck
President and CEO
1979 |
Murfreesboro
11
(tie)
16
R.C. Mathews Contractor
300 Broadway, Nashville 37201
255-7561
rcmathews.com
$65M | $80M
51 | 51
Downtown YMCA, Nashville,
$12.5M
Walker Mathews
President
1941 |
Nashville
13
23
W.L. Hailey & Co. Inc.
2971 Kraft Drive, Nashville 37204
255-3161
wlhailey.com
$58.9M | $54.4M
175 | 225
Overall Creek Water
Transmission - Harpeth Valley
Utilities, Nashville, $10.2M
Don Ackerman
CEO
1925 |
Nashville
14
12
Solomon Builders Inc.
4539 Trousdale Drive, Nashville 37027
333-9369
solomonbuilders.com
$55.4M | $52.2M
82 | 82
5th & Main, Nashville, $38.5M
Ty Osman
President
1992 |
Nashville
15
15
Hoar Construction
210 Westwood Place, Brentwood 37027
376-0749
hoarllc.com
$48.8M | $80.7M
15 | 378
N/A
Gerald King
Vice president
2001 |
Birmingham,
Ala.
16
17
Knestrick Contractors Inc.
2964 Sidco Drive, Nashville 37204
259-3755
knestrick.com
$29.5M | $135M
40 | 50
Vanderbilt Cohen Hall
renovation, Nashville, $5.4M
Bill Knestrick
CEO
1969 |
Nashville
17
20
Harvest Construction
630 Southgate Ave., Suite E, Nashville 37203
292-5700
harvestconstructionllc.com
$28M | $28M
40 | 40
Cool Springs Storage,
Brentwood, $4.5M
Tim Farley
President
1999 |
Nashville
18
21
Orion Building Corp.
9025 Overlook Blvd., Brentwood 37027
321-4499
orionbldg.com
$27M | $16.3M
44 | 44
MTSU - Student Health,
Wellness and Recreation
Center, Murfreesboro, $18M
W. Richard Cooper Jr.
CEO
1983 |
Murfreesboro
19
18
Doster Construction Co. Inc.
840 Crescent Centre Drive, Suite 220,
Franklin 37067
468-0404
dosterconstruction.com
$23M | $30M
13 | 250
Renovations for Franklin Special Don Beal
School District, Franklin, $16M Group manager
1983 |
Birmingham,
Ala.
20
(tie)
19
Flow Construction Co. Inc.
3628 Trousdale Lane, Suite E, Nashville 37204
832-0707
flowconstruction.com
$20M | $20M
50 | 50
George P. Johnson, La Vergne,
$2.4M
David Flow
President
1991 |
Nashville
20
(tie)
NR
Shaub Construction Co. Inc.
2616 Grissom Drive, Nashville 37204
254-7060
shaubconstruction.com
$20M | $32M
30 | 30
Crossings of Spring Hill, Spring
Hill, $5M
Jay Brassfield
President
1967 |
Nashville
22
22
Shankle-Lind
3333 Stoners Bend Drive,
Hermitage 37076
874-0070
N/A
$18.6M | $25.5M
24 | 24
Westmoreland Elementary
School, Westmoreland, $11.9M
Morris Shankle
Chief manager
1999 |
Hermitage
23
NR
The Hannah Co.
7516 Highway 70 S., Suite 100, Nashville 37221
662-5682
thehannahcompany.com
$17.7M | $16.1M
28 | 28
The Heritage at Brentwood Phase II, Brentwood, $16M
Chester Hannah
President
1995 |
Des Moines,
Iowa
24
(tie)
NR
DWC Construction
1303 Division St., Nashville 37203
259-3185
dwccares.com
$15.8M | $13M
50 | 50
Midtown Millworks building
renovation, Nashville, $3.5M
John Arndt Jr.
President and CEO
1947 |
Nashville
24
(tie)
NR
Tenant Building Group
2414 Cruzen St., Nashville 37211
254-1837
tenantbuildinggroup.com
$15.8M | $11.8M
37 | 37
Williamson Medical Imaging,
Franklin, $1M
Daniel McKinney
President
1999 |
Nashville
1. Balfour Beatty........... $350M
2. D.F. Chase.................... $300M
3. Turner Universal.......$274M
4. Bovis Lend Lease...... $209M
5. Knestrick......................$135M
6. Bell & Assoc. ................$86M
7. Hoar...................................$81M
8. R.C. Mathews................$80M
9. American........................$65M
10. W.L. Hailey.....................$54M
Source: Business Journal research
2002.................................... $446B
2003.................................... $440B
2004.................................... $453B
2005.................................... $485B
2006.................................... $548B
2007.................................... $638B
Prior 18-months
2007
Value |
Year-over-year
change
December................ $673B | 15.5%
November................$679B | 20.1%
October.....................$670B | 20.7%
September...............$662B | 19.1%
August...................... $651B | 16.9%
July..............................$638B | 15.1%
June...........................$634B | 15.0%
May............................$627B | 15.8%
April...........................$613B | 14.2%
2008
Value |
Year-over-year
change
September...............$731B | 10.4%
August.......................$725B | 11.4%
July.............................$718B | 12.4%
June........................... $723B | 14.0%
May.............................$710B | 13.3%
April.......................... $695B | 13.4%
March....................... $692B | 14.6%
February.................. $676B | 13.3%
January.....................$673B | 14.3%
Note: Monthly values are seasonally
adjusted annual rate.
Source: U.S. Censue Bureau —
Construction Spending
List Compiled
By Carol Smith
Research Director
List notes:
Source: Individual company
representatives.
N/A=not applicable or not available.
NR=not ranked
[email protected] | 615-846-4255
|
24
FOCUS | CONSTRUCTION & DEVELOPMENT
CONTINUED FROM 22
Nashville’s
New Pr emier
Industr ial Par k
)MSDQRDBSHNMNE"DBJVHSG2N@C@MC)
-S*TKHDS4.
LHKKHNMRPT@QDEDDSNEATHKCHMFR
0G@RD"THKCHMFRNBBTO@MBXRSPT@QSDQ
!U@HK@AHKHSHDREQNL;.SN;.HMSGQDDATHKCHMFR
;.;.@MC;.QDRODBSHUDKX
■ 3S@SDNESGD@QSDMFHMDDQHMFENQCHRSQHATSHNM@MCKHFGS@RRDLAKXTRD
■ BKD@QGDHFGS
■ #QNRRCNBJ@MCQD@QKN@CBNMRSQTBSHNM!LOKDCNBJCNNQR@TSNLNAHKD
@MCSQ@HKDQO@QJHMF
■ &HQRSBK@RR@OOD@Q@MBDSGQNTFGNTSSGDO@QJED@STQHMF@RSQHJHMFDMSQ@MBD CDRHFM@MCDWSDMRHUDK@MCRB@OHMF
/TSRS@MCHMFKNB@SHNMHM7HKRNM#NTMSXSGDOQDEDQQDC@QD@ENQHMCTRSQH@K
TRDQRLHMTSDREQNL.@RGUHKKD)MSDQM@SHNM@K!HQONQS@MCBKNRDOQNWHLHSX
SNSGQDDHMSDQRS@SDGHFGV@XR
■
VVVADBJVHSGE@QLRBNL
Nashville’s Premier Industrial Developer
PANATTONI
®
).4%2.!4)/.!,6)3)/.,/#!,&/#53
0!.!44/.)$%6%,/0-%.4#/-0!.9) .# #/,,)%23452,%9- !24).45#+%2
(@XMD(@LHKSNM3Q$DUDKNOLDMS-@M@FDQ
$@UD-B'@GQDM3)/2
*NGM7@QC3)/2@MC#G@C4TBJ
<-4VVVO@M@SSNMHBNL
<-4VVVBNKKHDQRBNL
Summers’ company is a large
highway construction contractor in
Elizabethton, and he says his backlog
of work is down about 50 percent compared to a year ago.
“Without the stimulus package,
there will be people who won’t be here
a year from now,” he says.
Summers says his paving and grading company, which has been in business since 1932, had to lay off about 15
percent of its salaried workers over
the past two months, in addition to
usual seasonal layoffs.
“We laid off supervisors because we
didn’t see it coming back by spring,”
Summers says.
Johnny Stites, CEO of J&S Construction in Cookeville, who has spent
38 years in the business, says he saw
signs of an economic crisis in 2006
and started diversifying
his business into a mix
of churches, industrial,
retail and government
work.
So far, Stites hasn’t had
to lay off any of his 109
Summers workers.
“We didn’t want to
depend on government spending to
carry us through because it’s so iffy,”
he says. “Our state has to balance our
budget (by law), and a bridge can’t
vote.”
Stites says there are so many companies desperate for government
projects that doing the work is often
not profitable. The last state job he
pursued, he says, had 25 bidders.
“If you have more than 12 bidders,
the guy who wins is going to lose
money,” Stites says.
‘MORE PROJECTS THAN MONEY’
Qf p q m f
zpv!dbo usvtu!xjui
!
fwfszuijoh!jo!cfuxffo/!
“America’s Healthcare Builder”
xxx/nkibssjt/dpn
Tennessee is not alone. Most states are
finding themselves in deep debt this year.
Stites says that can lead to cuts in
transportation budgets and the postponement of road and bridge work,
a budget item that may appear more
politically palatable than cutting
health and human services.
Nationally, transportation officials
have a backlog of more than 5,000 projects totaling about $64 billion that could
be set out to bid within 30 to 90 days.
The Tennessee Department of
Transportation has a list of 246 projects totaling $1.69 billion that are
ready for bid, but the state has not had
money in the budget to complete them.
“I’ve got more projects than money
to build them. It’s not make-work. It’s
stuff that needs to get done,” says Paul
Degges, chief engineer for the transportation department. “This stimulus
money will reduce the backlog.”
A flat budget and rising construction costs have combined to reduce
the number of road projects the state
can pay for each year.
Degges says the state now has about
400 projects under contract. Ten years
ago, that number would have been
about 500.
In 2002, the state moved about 18
million cubic yards of earth. Last
year, that number was 15 million.
“The reality is all of our work is
down,” Degges says.
|
Degges says that between 2003 and
2007, the producer price index for construction materials increased 43 percent, about triple consumer inflation.
For example, liquid asphalt was under
$300 per ton two years ago, but shot
up to more than $800 a ton during the
oil spike last year. It has now settled at
above $400.
“A $22 million project, with hyperinflation, ends up being
$40 million,”
Degges says.
The gas tax, the transportation department’s
main revenue source, is
21.4 cents per gallon and
hasn’t been raised since
Degges
1989. That funding source
took a hit this fall when people sharply curtailed their driving habits.
Tennessee does not build until it
has cash in hand, although TDOT
Commissioner Gerald Nicely floated
the idea of issuing bonds
during his budget presentation to Gov. Phil Bredesen last fall.
Bredesen said he would
not oppose the one-time
proposal, but essentially
quashed the idea of raisNicely
ing the gas tax.
“Our costs are going up but our revenues are not continuing to increase,”
Degges says.
BUILDERS WANT LONG-TERM SOLUTIONS
Construction work performed,
employment, backlogs, capital spending and profit margins were all down
across the nation in fourth quarter
2008, according to a quarterly contractor market condition survey conducted
by the American Road & Transportation Builders Association.
Nationally, 57 percent of respondents said the amount of construction
work they were performing on transportation projects was down at the
end of December, compared to a year
ago, and 67 percent of respondents
said their backlog was down.
Also, 43 percent of respondents said
they were working below 75 percent
of capacity, the lowest level in the
survey’s seven-year history.
The road industry says the government needs to look at longer-term
solutions, such as increasing funding
through the Federal Highway Program, which is up for reauthorization
Sept. 30.
The $30.25 billion in the stimulus
package for roads and bridges is
about three quarters of the current
yearly budget allotment to states.
“The current level is just not enough
when you see the needs,” Starwalt says.
Summers says he is hoping the
much-needed stimulus money comes
without strings, so it can be spent
where it is needed most.
He says states aren’t looking for
earmarks, just to keep the nation’s
roadways well-maintained and up to
date with development patterns. And
he would love to hire back some of
those people he had to lay off.
“I assure you the capacity is there,”
Summers says. “We would have no
problem getting labor. These are good
jobs, and we can put people to work.”
|
|
|
26
| nashvillebusinessjournal.com JUDGMENTS
|
Rutherford County
Circuit Court
Sherman-Dixie Concrete
Industries Inc. vs. Sitework
ET Inc., $34,990, plaintiff,
case #03-08-1065CV,
01/22/09.
Sumner County
Circuit Court
De Lage Laden Financial
Services Inc. vs. NVMS of
North Carolina LLC/NVMS
of Kentucky LLC et al.,
$93,074, plaintiff, case #2008CV-31901, 01/22/09.
Williamson County
Circuit Court
Wilson County
Circuit Court
Valley Interior Products Inc.
vs. Classic Homes B.O.S.
LP, $11,505, plaintiff, case
#08173, 01/26/09.
Citicorp Vendor Finance
Inc. vs. River Radiology
PLLC, $67,504, plaintiff, case
#08103, 01/26/09.
LAWSUITS FILED
Kenneth Gilfillan vs. R.E.
Michel Co. Inc., damage/tort
negligence, case #09C285,
01/29/09.
Daniel Harding vs. Donald
Green/Plaza Mexico LLC,
damage/tort negligence, case
#09C317, 01/30/09.
Talyna R. Kellum vs. BCP
Properties et al., damage/
tort injury, case #09C319,
01/30/09.
David Hill and Leonard
Stoddard vs. Arte Hotels
LLC/Tarun Surti, civil human
rights violation, case #09C321,
01/30/09.
|
Kaman Music Corp. vs.
Andy’s Guitars LLC/Andrew
Sherman, $23,766, plaintiff,
case #09003224, 01/26/09.
Mallory Valley Utility District vs. Up-Cool Springs
LLC, $11,055, plaintiff, case
#09003227, 01/26/09.
|
Biz Leads
FEDERAL TAX
LIENS
|
Davidson County
Vaughn K. Johnson, 1004
Saunders Ave., Madison
37115, $18,609, (6721), instrument #005780, 01/23/09.
Robert E. Robinson, 4220
Maxwell Road, Antioch 37013,
$11,102, (941), instrument
#006581, 01/26/09.
Helpful Hand Industries Inc.,
520 Ash St., Nashville 37203,
$16,112, (6721/941), instrument #006594, 01/26/09.
Jeremy A. Parks and Darnita
R. Parks vs. Ceva Logistics
U.S. Inc./Eagle Logistics et
al., damaget/tort negligence,
case #09C241, 01/26/09.
Robert F. Regen et al. vs.
Metropolitan Nashville
Teachers’ Apartment
Inc., civil negligence, case
#09C248, 01/26/09.
Brian Dixon vs. Westside
Athletic Club LP, damage/tort negligence, case
#09C249, 01/26/09.
Fedex National LTL vs.
Michael Olsen dba Compendia Music Group Corp.,
contract/debt, case #09C250,
01/26/09.
Jim Vasser vs. Hippodrome
Nissan Inc. aka Downtown
Nashville Nissan/Capital One Auto Finance et
al., contract/debt breach of
contract, case #09C251,
01/26/09.
Hartford Underwriters Insurance Co. vs. New Visions
Telecommunications Inc.,
contract/debt, case #09C267,
01/27/09.
Sumner County
Harpeth Pediatrics PLLC,
4085 Mallory Lane Suite 204,
Franklin 37067, $18,008,
(941), Book/Page 4709/888,
01/26/09.
John Kevin Heithcock, 159
Ewingville Drive, Franklin
37064, $24,158, (6672),
Book/Page 4709/893,
01/26/09.
26
26
26
30
Nashville Business Journal’s
Biz Leads section is a compilation of useful information
gathered from various public
records throughout Middle
Tennessee. The information
is also available on disk or
via e-mail, including phone
numbers. For information, call
877-593-4157.
|
Davidson County
A-1 Trailer Repair Inc., P.O.
Box 293147, Nashville 37229,
$45,940, (941), instrument
State TAX LIENS
Davidson County
Leonard M. Roether, 11200
Fitzwater Road, Brecksville,
Ohio 44141, instrument
#006487, 01/26/09.
Anthony J. Culella, 7829
Stanford Ave., University
City, Mo. 63130, instrument
#006488, 01/26/09.
|
Building Permits are collected from the codes departments in Davidson County
and surrounding counties.
Data includes contractor and
or owner, job site address,
description, estimated value.
New Business Licenses are
compiled from applications
filed with the County Clerk’s
office. The data includes business name, address, zip code,
type of business (if available).
New Corporations are registered with the State of Tennessee.
Liquor Licenses include new
and closed liquor establishments filed with the Tennessee
Alcoholic Beverage Commission. The data includes licensee name and dba, address,
effective date.
Sumner County
27
Real Estate Transactions
represent transfer of real
estate recorded with the Register of Deeds office in Davidson County and surrouding
counties. The data includes
seller, buyer, buyer’s address,
zip code, subdivision (if available), amount.
Stacey L. Nash, 1710 Long
Hollow Pike, Gallatin 37066,
$55,888, (6672), Book/Page
3061/863, 01/22/09.
|
27
28
26
unpaid income, sales and use,
payroll or county taxes. Data
includes taxpayer’s name,
address, Book/Page number,
recording date.
#006573, 01/26/09.
Wilson County
|
27
29
29
GUIDE TO BIZ LEADS
State Tax Liens are filed for
American Industrial Services,
234 Pumping Station Road,
Gallatin 37066, $18,091,
(941), Book/Page 1334/1634,
01/26/09.
28
29
26
Federal Tax Liens are filed
by The Internal Revenue
Service against assets of a
business for unpaid income
or payroll taxes. Data includes
taxpayer’s name, address,
amount of lien, Book/Page
number, recording date.
Williamson County
|
|
Mechanics’ Liens . . . . . . . .
New Business Licenses . .
New Corporations . . . . . . .
Real Estate Transactions
Commercial . . . . . . . . . . .
Residential . . . . . . . . . . .
State Tax Liens . . . . . . . . . .
State Tax
Liens Released . . . . . . . . . .
Lawsuits Filed includes litigation filed against businesses
in Circuit Court in Davidson
and surrounding counties.
Southeastern Metal Inc.,
234 Molly Walton Drive, Hendersonville 37075, $206,714,
(941), Book/Page 3060/326,
01/20/09.
Releases of
FEDERAL
TAX LIENS
Building Permits
Commercial . . . . . . . . . . .
Residential . . . . . . . . . . .
Federal Tax Liens . . . . . . . .
Federal Tax Liens
Released . . . . . . . . . . . . .
Judgments . . . . . . . . . . . . . .
Lawsuits Filed . . . . . . . . . . .
Liquor Licenses . . . . . . . . . .
Judgments are filed in the
Circuit Court in Davidson
County and surrounding
counties. Data includes plaintiff name, defendant name,
amount of judgment, prevailing
party, case number, recording
date.
Rutherford County
Davidson County
Circuit Court
|
Bankruptcies include Chapter 7 petitions (liquidation)
and Chapter 11 petitions
(reorganization) filed recently
in the Middle District Court of
Tennessee.
Samuel V. Degeorge, 2010 E.
Main St., Murfreesboro 37130,
$21,053, (6721/940/941),
Volume/Page 891/2938,
01/23/09.
|
index
|
|
Thomas S. Slater, 7909
Audubon Drive, Raleigh, N.C.
27615, instrument #006493,
01/26/09.
Harvey J. Bell, 9 Stanford
Court, West Orange, N.J.
07052, instrument #006494,
01/26/09.
Gregory C. Motau, 580 N.
Hayden Bay Drive, Portland, Ore. 97217, instrument
#006495, 01/26/09.
Billy M. Barker, 12890 Arbor
Drive, Olive Branch, Miss.
38654, instrument #006496,
01/26/09.
Peter M. Burrus, 6 Raynham
Road No. A, Glen Cove, N.Y.
11542, instrument #006497,
01/26/09.
Courtney C. Caldwell, 6722
White Post Road, Centreville, Va. 20121, instrument
#006498, 01/26/09.
Michael L. Shirley, 644 Ashbourne Drive, Shreveport, La.
71106, instrument #006499,
01/26/09.
Jill B. Sickle, 2145 N.
Sedgwick St., Chicago, Ill.
60614, instrument #006500,
01/26/09.
George T. Wood, 1707 N.
River Hills Road Apt. F, Austin, Texas 78733, instrument
#006501, 01/26/09.
Mat C. Guinn, 5003 Braeburn Drive, Bellaire, Texas
77401, instrument #006502,
01/26/09.
Gerard J. Venable, 170 Lambie Circle, Portsmouth, R.I.
02871, instrument #006503,
01/26/09.
Jacqueline Noveck, 810
Jacaranda Drive, Largo, Fla.
33770, instrument #006489,
01/26/09.
Gregory J. and Devona R.
Pulley dba The Sands
Diner, 4580 Clarksville Pike,
Nashville 37218, instrument
#006490, 01/26/09.
Louis J. Charette dba The
Groove, 103 S. 11th St.,
#006491, 01/26/09.
Christopher T. Fortune, 201
Gillespie Drive Apt. 1104,
Franklin 37067, instrument
#006492, 01/26/09.
T-Knox Inc., 4117 Hillsboro
Pike Suite 208, Nashville
37215, instrument #006504,
01/26/09.
Production Services Inc.,
1307 Central Court, Hermitage 37076, instrument
#006505, 01/26/09.
Thomas J. Quigley III, 50
Mackay Place, Brooklyn, N.Y.
11209, instrument #006877,
01/27/09.
Maurice Eggleston, 3561
Brumley Way, Carmel, Ind.
46033, instrument #006878,
01/27/09.
Richard P. Arzaga, 20 Satin
Leaf Court, San Ramon, Calif.
94582, instrument #006879,
01/27/09.
Kurt M. Kalafsky, 517 U.S.
Highway One S., Iselin, N.J.
08830, instrument #006870,
01/27/09.
Tony Park dba Vivid, 5252
Hickory Hollow Parkway Suite
1120, Antioch 37013, instrument #006871, 01/27/09.
Gregory T. Smith, 1435
Oak Leaf Drive, Columbia
38401, instrument #006872,
01/27/09.
Stephen P. Colman, 137
Woodlands Road, Harrison,
N.Y. 10528, instrument
#006873, 01/27/09.
M. Tangredi Restaurants
Inc., 2323 Elliston Place,
#006874, 01/27/09.
GHCS LLC, 2817 W. End
Ave. Suite 104, Nashville
37203, instrument #006875,
01/27/09.
Dennis Woods, 1635
Allendale Drive, Nolensville
37135, instrument #006876,
01/27/09.
Joseph G. Dostal, 22010
42nd Drive N.E., Arlington,
Wash. 98223, instrument
#007549, 01/29/09.
Jeffrey L. Duke Jr., 2214
Pittswood Drive, Nashville
37214, instrument #007550,
01/29/09.
Jessie S. Buchanan, 7158
Whites Creek Pike, Joelton
37080, instrument #007553,
01/29/09.
K.M. of Nashville Inc., 913
Canyon Court, Nashville
37221, instrument #007554,
01/29/09.
Terry B. Noble, 1025 Davidson St., Nashville 37206,
instrument #007555,
01/29/09.
Gary L. Simon, 605 Montgomery Ave., Elizabethtown,
Ky. 42701, instrument
#007556, 01/29/09.
John C. Holleman, 520
Society St., Alpharetta, Ga.
30022, instrument #007557,
01/29/09.
Scott W. Eglseder, 417
W. Washington St. Apt. 3,
Easton, Md. 21601, instrument #007558, 01/29/09.
David K. Chrestensen, 7129
Longview Drive, Liberty Township, Ohio 45011, instrument
#007559, 01/29/09.
Edward McWhirt, 2002
Holiday Lane, Fulton, Ky.
42041, instrument #007560,
01/29/09.
Kevin M. Donohue, P.O.
Box 1901, West Chester, Pa.
19380, instrument #007561,
01/29/09.
Gary D. Jinkerson, 19220
Space Center Blvd. Apt.
1315, Houston, Texas
77058, instrument #007759,
01/29/09.
Mark A. Musaraca Sr., 750
Pembridge Place, Sugar
Grove, Ill. 60554, instrument
#007760, 01/29/09.
William F. Plagens, 43 Collver Road, Rocky River, Ohio
44116, instrument #007761,
01/29/09.
Amy C. Martin, 1906 W.
End Ave., Nashville 3y7203,
instrument #007762,
01/29/09.
Thomas M. McDonald, 1112
N. Dearborn St. Apt. 3, Chicago, Ill. 60610, instrument
#007763, 01/29/09.
Davis W. Holt, 21247 London
Bridge Terrace, Ashburn, Va.
Biz Leads
|
20147, instrument #007764,
01/29/09.
Zealous Capital Markets LLC,
15641 Red Hill Ave. Suite 200,
Tustin, Calif. 92780, instrument
#007765, 01/29/09.
Stephen A. Roche, 22 N.
Highland Court, The Woodlands, Texas 77381, instrument
#007766, 01/29/09.
Albert P. Herzog III, 5490
Timber Bend Drive, Brighton, Mich. 48116, instrument
#007767, 01/29/09.
Hayley B. Higgins, 6530
Ambrosia Lane Apt. 1529,
Carlsbad, Calif. 92011, instrument #007768, 01/29/09.
Dennis T. Rife, 7660 Jonathan Drive, Holland, Ohio
43528, instrument #007769,
01/29/09.
T. R. Gatlin II, 221 Woodcrest Drive, Florence, Ala.
35630, instrument #007770,
01/29/09.
Heidi A. Pederson dba Heidi
A. Petry, 6516 Minnetonka
Blvd., St. Louis Park, Minn.
55426, instrument #007771,
01/29/09.
Shree Paavan Inc., 1808 W.
End Ave. Suite 1014, Nashville
37203, instrument #007772,
01/29/09.
Lindsay A. Dyer, 444 Elmington Ave. Apt. 501, Nashville
37205, instrument #007773,
01/29/09.
Katherine Kellog Kuhn, 510
Old Hickory Blvd. Apt. 807,
#007774, 01/29/09.
John W. Blankenship, P.O.
Box 9011, Atlanta, Ga.
31106, instrument #007775,
01/29/09.
Scott D. Ritticher, 25131 Via
Pacifica, Dana Point, Calif.
92629, instrument #007776,
01/29/09.
James D. Powell, 905 Juniper
St. N.E. Unit 816, Atlanta, Ga.
30309, instrument #007777,
01/29/09.
Aubrey Bean dba Judge
Bean’s B-B-Q, 123 12th Ave.
N., Nashville 37203, instrument
#007778, 01/29/09.
Robert E. McAdams Jr., 7655
Wilco Drive, Hernando, Miss.
38632, instrument #007551,
01/29/09.
Valerie S. Jensen, 2301 S.
Congress Ave. Apt. 414, Boynton Beach, Fla. 33426, instrument #007552, 01/29/09.
Frederick L. Dietz, 1501
Woodland Pointe Drive Apt.
103, Nashville 37214, instrument #007758, 01/29/09.
Benjamin A. McKnight, 1007
Romona Road, Wilmette, Ill.
60091, instrument #007948,
01/30/09.
Studio 220 BT Staging LLC,
2817 W. End Ave. Suite 126413, Nashville 37203, instrument #007949, 01/30/09.
Dehena Orozco dba Botas
El Oeste, 367 Harding Place
Suite D, Nashville 37211, instru-
ment #007950, 01/30/09.
Douglas R. Mitchell, 501
Fletcher Ave. Apt. 5, Lincoln,
Neb. 68521, instrument
#007952, 01/30/09.
James L. Martin, 326 S.
Broadway, Lexington, Ky.
40508, instrument #007951,
01/30/09.
Hamoon Consulting Inc.,
20683 Tally Ho Court, Ashburn, Va. 20147, instrument
#007954, 01/30/09.
Rutherford County
Andrew L. Messick, 122
N. Spring St., Murfreesboro 37130, Volume/Page
890/3294, 01/20/09.
Lorie Newman dba Wood’s
Gifts and Treasures,
2211 Aspen Ave., Murfreesboro 37130, Volume/Page
890/3295, 01/20/09.
Leonel Cheese Cake Inc.,
810 N.W. Broad St., Murfreesboro 37129, Volume/Page
890/3296, 01/20/09.
Mark Noblin, 836 N. Spring
St., Murfreesboro 37130,
01/20/09.
Rhonda Burgess, 105 Main
St. Suite A, Smyrna 37167,
01/20/09.
Rodney Cox, 3034 Arthur
Drive, Murfreesboro 37127,
01/20/09.
Huma-Tech Apparel & Design
Inc., 115 Ebb Court, Murfreesboro 37128, Volume/Page
890/3402, 01/20/09.
Amber A. Ackerman, 1325
Stewart Creek Road, Murfreesboro 37129, Volume/Page
891/3258, 01/23/09.
Edward L. Bouldin, 101
N. Maple St., Murfreesboro 37130, Volume/Page
891/3259, 01/23/09.
Sharon Michon dba In A Nutshell Promotions, 204 Valley
View Drive, Smyrna 37167,
01/23/09.
Sumner County
John T. Duggin Inc., 1077
Lakeshore Drive, Gallatin
37066, Book/Page 3060/449,
01/20/09.
Williamson County
Martin’s Barbeque LLC, 881
Battery Lane, Nashville 37220,
(Unemployment), Book/Page
470/896, 01/26/09.
Center For Asethetics Lasers
& Adv., 317 Seven Springs
Way, Brentwood 37027, (Revenue), Book/Page 4710/412,
01/26/09.
Body Enhancement Center
LLC, 3326 Aspen Grove Drive
Suite 275, Franklin 37067,
4713/710, 01/29/09.
Sunset Pool & Spa LLC, P.O.
Box 683027, Franklin 37068,
4713/711, 01/29/09.
Interactive Play Structures,
230 Franklin Road Suite 811,
Franklin 37064, (Unemployment), Book/Page 4713/712,
01/29/09.
Century Mold Co. Inc., 25
Vantage Point Drive, Rochester, N.Y. 14624, (Unemployment), Book/Page 4713/713,
01/29/09.
Universal Staffing Services,
330 Mallory Station Road
Suite G-23, Franklin 37067,
4713/714, 01/29/09.
Mallory Group Construction
LLC, 6621 Fannie Daniels
Road, College Grove 37046,
(Revenue), Book/Page
4713/897, 01/29/09.
|
Releases of
State
TAX LIENS
|
Davidson County
Tennessee By Kensington
Manor, 2030 Union St. Suite
300, San Francisco, Calif.
94123, instrument #006868,
01/27/09.
Gregory J. Michaels, 8434
Ardleigh St., Philadelphia, Pa.
19118, instrument #006869,
01/27/09.
Turner-Bailey Co., 927
Silverdene Place, Nashville
37206, instrument #007546,
01/29/09.
Christopher D. Cercy, 110
E. 59th St., New York, N.Y.
10022, instrument #007547,
01/29/09.
Falls & Veach PLC, 3422
Woodmont Blvd., Nashville
37215, instrument #007548,
01/29/09.
Joseph A. Giampapa, 1331
Kermit Drive, Nashville 37217,
instrument #007754, 01/29/09.
Lance C. Whitworth, 2100
Ross Ave. Suite 1000, Dallas, Texas 75201, instrument
#007755, 01/29/09.
Richard Wunderink, 660 N.
Lake Shore Drive No. 1312,
Chicago, Ill. 60611, instrument
#007756, 01/29/09.
Patricia A. Harris dba Double
D Cleaners, 2508 Ravine
Drive, Nashville 37217, instrument #007757, 01/29/09.
Little Bit of Heaven-Christian
Lear, 5734 Hickory Plaza,
#007946, 01/30/09.
James M. Richardson/Kenneth M. Appling II/Charles
R. Dickey Jr. dba Cheyenne Restaurant & Dance
Hall, 2600 Nolensville Road,
#007947, 01/30/09.
Mark L. Hopkins, 8169 N. Port,
Grand Blanc, Mich. 48439,
instrument #007953, 01/30/09.
Rutherford County
Keyhire Inc., 714 Middleton
Lane, Murfreesboro 37130,
01/12/09.
Admissions Office Professional Inc., 1520 Lewis Court,
Murfreesboro 37128, Volume/
Page 890/3399, 01/20/09.
Carroll B. Cordell dba Master
Printer, 778 Kingwood Lane,
Rockvale 37153, Volume/Page
891/3257, 01/23/09.
LLC, Contractor: (no contractor shown), $18,960, Owner:
Cedar Hills Investments GP
Ltd. dba Hunter’s Pointe
Apartments, on property at
Hunters Pointe Apartments
4601 Packard Drive, Nashville
37211, instrument #008132,
01/30/09.
Williamson County
Claimant: Dana Prickett/
Credit and Collections
Supervisor, Contractor:
Benchmark Custom Builders
LLC, $13,881, Owner: Asland
LLC, on property at Lot 10
Autumn Ridge, Nolensville
37135, Book/Page 4711/619,
01/27/09.
Claimant: Thomas L. Anderson Contractor, Contractor:
Thomas L. Anderson, $15,500,
Owner: Nolensville Industrial
Park LLC, on property at Lot
19 Haley Industrial Park,
Nolensville 37135, Book/Page
4712/363, 01/27/09.
Claimant: J&J Interiors Inc.,
Contractor: Choate Construction Co., $153,916, Owner:
Healthways Corporate Headquarters, on property at 701
Cool Springs Blvd., Franklin
37067, Book/Page 4712/782,
01/27/09.
Claimant: B&W Excavation LLC, Contractor: B&W
Excavation LLC, $36,250,
Owner: Tommy C. and Deborah K. Irvin, on property at 221
Eiderdown Drive, Franklin
37064, Book/Page 4714/554,
01/29/09.
Claimant: Bella Home Building LLC, Contractor: Bella
Home Building LLC, $44,336,
Owner: David and Tamara
Lohnes, on property at 4236
Carrolton Drive, Franklin
37064, Book/Page 4715/413,
01/30/09.
Claimant: Roy T. Goodwin
Contractors Inc., Contractor:
Mangrum Construction Co.
Inc., $50,569, Owner: Timothy
R. Mangrum, on property at
Western Woods Village Lot
8/21/30, Franklin 37067, Book/
Page 4715/663, 01/30/09.
JAB Enterprises Inc./Quiznos Subs, 2241 Wimbledon Circle, Franklin 37069,
4709/904, 01/26/09.
Sunshare X LLC, 9233 Old
Smyrna Road, Brentwood
37027, (Revenue), Book/Page
4710/411, 01/26/09.
Dennis and Louise W. Null,
123 Willow Lake Drive,
Fairhope, Ala. 36532, (Revenue), Book/Page 4713/898,
01/29/09.
Mechanics’ LIENS
|
|
Davidson County
Claimant: Don Kennedy
Roofing Co. Inc., Contractor: (no contractor shown),
$68,220, Owner: Fallbrook
Capital Inc. et al, on property
at 981 Murfreesboro Road,
#006748, 01/26/09.
Claimant: N. Wasserstrom &
Sons Inc., Contractor: Scott
Myers dba Papa Murphy’s,
$20,194, Owner: DDR
Northcreek Commons LLC,
on property at 117 Northcreek
Blvd., Goodlettsville 37072,
instrument #006911, 01/27/09.
Claimant: Beech Construction Services Inc., Contractor: The Parkes Companies
Inc. dba Parkes Construction,
$21,314, Owner: Nashville
West Shopping Center LLC,
on property at 6816 Charlotte
Pike, Nashville 37209, instrument #007128, 01/27/09.
Claimant: Irwin Painting Co.
Inc., Contractor: Associated
Contractors & Excavating Inc.,
$16,999, Owner: West Meade
Place Nursing Home, on property at 1000 St. Luke Drive,
#007514, 01/28/09.
Claimant: Roy T. Goodwin
Contractors Inc., Contractor: Marshall Developments,
$10,173, Owner: Edmondson
Corner Center LLC, on property at 5519 Edmondson Pike,
#007374, 01/28/09.
Claimant: Southeast Venture
Landscape Management
LLC, Contractor: Southern
Home Builders LLC, $18,246,
Owner: Southern Home
Builders LLC, on property at
1117 Princeton Hills Drive,
Nolensville 37135, instrument
#008254, 01/30/09.
Claimant: Azteca Services
Williamson County
|
Real Estate
Transactions commercial
|
Davidson County
Lindscorp Tennessee Six
LLC to SPE GO Holdings
Inc., 11575 Great Oaks Way
Suite 210, Alpharetta, Ga.
30022; 1101 Nashboro Blvd.,
Nashville 37217, Tax Parcel
ID No. 135-395.00/135306.00/135-307.00/135308.00/135-160-A-092.C0,
$1,598,215.
Cricint-III Lota LLC to Cricint-III Eta LLC, One Exeter
Plaza, Boston, Mass. 02116;
5321 Hickory Hollow Lane,
Antioch 37013, Commercial
27
|
Site A-3 Hickory Hollow Mall,
$919,092.
I-65 Realty Partners LLC
to James S. Higgins and
Richard D. Piliponis, 116
Third Ave. S., Nashville
37201; 704 Fourth Ave.
S., Nashville 37210, MapParcel 93-11-117.00/93-11118.00/93-15-20.00/93-1519.00, $700,000.
John A. Dace to DHS Holdings Tennessee LLC, 2101
Corporate Blvd. No. 109,
Boca Raton, Fla. 33431;
1822 Wildwood Ave., Nashville 37212, Unit B Wildwood
Townhomes, $525,000.
Four M Partners GP to
Spicewood Services Inc.,
5760 Old Lebanon Dirt Road,
Mount Juliet 37122, Lots
512/573/576/588 Parkview
At Riverwalk, $280,000.
Robert and Katie Holliday
to Lipscomb University,
3901 Granny White Pike,
Nashville 37204; 1507
Grandview Drive, Nashville
37215, Lot 5 Maplehurst,
$257,500.
Avondale Residential Inc.
to Fox Ridge Homes, 93
Seaboard Lane Suite 201,
Brentwood 37027, Lots
58/59/77/79/97 Avondale
Park, $249,500.
Austin and Amanda Martin
to Aldi Inc., 1200 N. Kirk
Road, Batavia, Ill. 60510;
1536 Goldfinch Circle, Hermitage 37076, Lot 18 Bridgewater, $226,490.
Jones Brothers LLC to
Spicewood Services Inc.,
5760 Old Lebanon Dirt Road,
Mount Juliet 37122, Lots
827-829/835 Autumn Oaks,
$220,000.
Thelma Yates Waggoner
to First Baptist Church,
613 S. Main St., Goodlettsville 37072; 707 Dickerson
Pike, Goodlettsville 37072,
Map-Parcel 25-12-3.00,
$199,000.
Donelson Construction &
Development Corp. et
al. to Evolve Developers LLC, 325 Deepwoods
Circle, Nashville 37214; 1516
Ordway Place, Nashville
37206, Map 83-10 Parcel 10,
$163,500.
Regions Bank dba Regions
Mortgage Successor by
Merger to Amsouth Bank
and Successor by Merger
to Union Planters Bank
NA to Island Source II
LLC, 601 Carlson Parkway
Suite 200, Minnetonka, Mich.
55305, Parcel ID 012-00-0180.00, $155,182.
Rutherford County
J. Sweeney Homes LLC
to Land Development.
com Inc., 202 Page
Road, Nashville 37205;
2381/2385/2439/2443/2447
Cason Lane, Murfreesboro
|
28
biz leads
37128, Lots 85-88/93/9698/100-111 Three Rivers,
$665,000.
Stephen J. Paladino to JLM
Properties LLC, 1805 N.
Lovvorn Road, Christiana
37037; 1415 Balson Drive,
Murfreesboro 37128, Lot 297
Berkshire, $230,000.
Wilson County
Linkscorp Tennessee Four
LLC to SPE Go Holdings
Inc., 11575 Great Oaks
Way Suite 210, Alpharetta,
Ga. 30022; 810 Nonaville
Road, Mount Juliet 37122,
$3,053,061.
|
Real Estate
Transactions Residential
|
The following information is
taken from residential real
estate transactions of more than
$300,000 recorded at various
county court houses in Middle
Tennessee. Information is listed
in the following order: seller,
buyer, property address, property/subdivision description and
sale price. This information is
available on disk or via e-mail.
The e-mail version arrives one
week earlier than the published
version. For cost and more information, call 877-593-4157.
Davidson County
Drees Premier Homes Inc.
to Saleh and Shireen
Ahmad, 804 Lealand Court,
Nashville 37204, Lot 9
Lealand Hall, $626,000.
Talal T. Abutrab to Mohammad H. and Zary Rahimi,
1601 Old Hickory Blvd.,
Nashville 37027; 2633 Old
Lebanon Road, Nashville
37214, Lot 100 Bluefields,
$527,000.
James A. Crossman to Carrie C. Ellis, 4421 Sheppard
Place, Nashville 37206; 414
Gallatin Pike S./106 Madison
St., Madison 37115, Map
42-16/Parcels 169/203,
$446,213.
Nice Properties LLC to
Bradley D. Buxer, 553
Summit Oaks Drive, Nashville
37221, Lot 62 Summit Oaks,
$440,000.
Shawn A. Venezia to Sudha
and Pradumna Singh, 205
31st Ave. N. No. 108, Nashville 37203, Unit 108 Midtown Lofts Condominiums,
$440,000.
Clifton B. Sobel Devisee
and Executor to Robert
D. and Allison Bibb, 2408
Sterling Road, Nashville
37215, Map 117-02-0 Parcel
095.00, $409,500.
John and Ann Mallard
to Thomas and Nicole
Motzny, 2116 Elliott Ave.,
Nashville 37204, Lot 59
Waverly Place, $378,000.
Yao Z. and Nili Lin to John
M. and Celia Goodson,
4516 Winfield Drive, Nashville
37211, Lot 91 Winfield Park,
$369,000.
Ryan M. and Melissa G.
Ezell to Thomas and
Nathalie Thorson, 5621
Green Apple Lane, Brentwood 37027, Lot 17 Saddlewood, $350,000.
J. Greg Hardeman Executor
to John H. McMeen, 5011
Longstreet Drive, Brentwood
37027; 4510 Granny White
Pike, Nashville 37204, Lot 30
Lea-Gran Estates, $323,000.
Pamela Combest Sullivan
to Gary F. and Penny Duncan, 344 Red Feather Lane,
Brentwood 37027, Lot 39
Oakmont, $322,500.
Mary Daly McCabe to
Michael and Mary Kipp,
401 Bowling Ave. No. 10,
Nashville 37205, Building
Site No. 11 Richmeade Place,
$315,000.
Rutherford County
C&C Custom Homes LLC to
Charles C. and Tammy L.
Horsley, 929 Stewart Valley
Drive, Smyrna 37167, Lot 43
Rosemont, $400,000.
John A. Prince III/David D.
Prince/Margaret B. Prince
to Larry and Lisa W. Sims,
537 E. Main St., Murfreesboro 37130, Map 91M Group
C Parcel 22, $387,500.
Lamont B. and Shonquatta
R. Parson to William E.
and Julie S. Rikard, 1235
Lunar Drive, Murfreesboro
37129, Lot 40 Stewart
Springs, $313,000.
Sumner County
Brent and Mari A. Alexander to Monty R. and
Lisa M. Myler, 131 Tattnal
Court, Hendersonville 37075,
Lots 227/293 Savannah,
$900,000.
Volunteer State Bank to
Donald H. and Peggy
Gregory, 1237 Plantation
Blvd., Gallatin 37066, Lot
342 Fairvue Plantation,
$545,000.
Fox Ridge Homes to Todd
E. and Kelly Gerlach, 119
Hattie Court, Hendersonville 37075, Lot 74 Fountain
Brook, $407,462.
lin 37067, Lot 50 Avalon,
$590,000.
Daniel J.and Jamie A.
Brinkman to Christopher
and Amy L. Kocian, 1907
Springcroft Drive, Franklin
37067, Lot 59 Worthington,
$510,000.
Mainstreet Homes LLC to
Shannon D. and Terry H.
Williams, 364 Whitewater
Way, Franklin 37064, Lot 163
Willow Springs, $445,000.
Yazdian Development
Group Inc. to Frederick
W. and Tara Roth, 1513
Eden Rose Place, Nolensville 37135, Lot 35 Brittain
Downs, $419,900.
Timothy O. and Josephine
A. Hastings to Jon M.
Stolzer, 6486 Peytonsville
Arno Road, College Grove
37046, Lot 13 Frost Estate,
$395,000.
Elizabeth F. Wells to
Barry M. and Andrea W.
Steele, 6586 Sunnyside
Court, Brentwood 37027,
Lot 57 Sunny Side Estates,
$365,000.
Newmark Homes LP &
Tousa Homes Inc. to Kerry
M. and Nancy A. Ledgerwood, 4864 Powder Spring
Road, Nolensville 37135, Lot
5136 Bent Creek, $339,990.
Michelle E. Luffman to
Christopher L. Boys and
Judith C. Labossiere, 1603
Decatur Circle, Franklin
37067, Lot 522 McKays Mill,
$315,000.
Jones Co. of Tennessee
LLC to Roger P. Best, 209
Watson View Drive, Franklin
37067, Lot 67 Village of Clovercroft, $311,725.
Wilson County
U.S. Bank Trustee to Randy
L. and Vicky L. Smith, 516
Glen Way Cove, Lebanon
37087, Five Oaks, $380,000.
Niki Gouglas Gentry and
Madge Kathryn Gentry to
Jeffery and Amy S. Thompson, 2011 Arden Court,
Mount Juliet 37122, Willoughby Station, $320,000.
Luke Clausen to Jean M.
and John K. Messemer,
105 Naomi Drive, Mount Juliet
37122, Helenwood Estates,
$315,000.
Williamson County
Aurora Loan Services LLC
to Cathy D. and Doug
Hughes, 4361 Arno Road,
Franklin 37064, Lot 1 Murphy
Property, $900,000.
John Wieland Homes &
Neighborhoods Inc. to Jeffrey S. and Robyn E. Mastroleo, 1825 Legacy Cove
Lane, Brentwood 37027, Lot
13 Taramore, $670,000.
Tennessee Valley Homes
Inc. to Kim Chonghun, 257
King Arthur Circle, Frank-
|
|
Building
permits Commercial
City of Franklin
Steven Reutter, commercial
building at 2010 Quail Hollow Circle, $1,176,477, 6,288
square feet.
Davidson County
The Hannah Co. LLC, commercial building at 4221 Hurricane Creek Blvd., Stargate
Self Storage, $1,895,619.
|
Biz Leads
|
Shaub Construction Co.
Inc., commercial alteration
at 2501 McGavock Pike Two
Rivers Corporate Center
Suite 802, Alternative Service
Concepts (office space),
$550,000, 14,725 square
feet.
Eckinger Construction Co.,
commercial alteration at 1000
Rivergate Parkway Space
1665, Victoria’s Secret
(retail), $387,000.
Commercial Industrial Construction Inc., commercial
alteration at 1415 Donnelson
Pike Suite 1415, A.B.B.
(office area), $236,000.
Modern Construction Corp.,
Airpark Center Drive Suite
520, (office), $230,000.
W.T. Dubois Construction
Inc., commercial alteration
at 211 Union St. Stahlman
Building Suite 106, Jersey
Mike’s (interior), $180,000.
J&S Construction Co. Inc.,
Gallatin Pike, Sonic Drive In
Restaurant, $168,500.
D.W.C. Construction Co.
Inc., commercial alteration at
2011 Murphy Ave., Tennessee
Womens Care/Baptist North
Tower (6th floor), $165,000.
Hawkins Development Co.,
Elm Hill Pike, Norandex,
$79,321.
Spectracorp of Tennessee,
Gallatin Pike, Little Caesar
Pizza, $60,000.
|
Building
permits Residential
|
City of Franklin
Jones Co. of Tennesse LLC,
single-family residence at 208
Watson View Drive, Village of
Covercroft, $382,180, 2,802
square feet.
LRM & Associates LLC,
single-family residence at
725 Springlake Drive, Willow
Springs, $350,000, 3,266
square feet.
Davidson County
Regent Homes LLC, multifamily residence at 4846
Bevendean Drive Building C,
$1,216,055.
Drees Premier Homes Inc.,
single-family residence at 817
Lealand Court, $450,440,
3,788 square feet.
H.R. Properties of Tennessee LLC, single-family
residence at 214 Heady Drive,
$435,912, 4,242 square feet.
H.R. Properties of Tennessee LLC, single-family
residence at 4107 Vailwood
Drive, $435,912, 4,242
square feet.
C&C Construction Co. LLC,
single-family residence at
3614 Echo Lane, $429,318,
4,200 square feet.
N.V.R. Fox Ridge Inc., singlefamily residence at 5352
Ryan Allen Circle, $312,519,
3,060 square feet.
Crawford Smith & Sharp
LLC, multi-family residence
alteration at 6001 Old
Hickory Blvd. Units 401-405,
Arbours of Hermitage Apartments, $87,000.
|
New business
licenses
|
The following information is
taken from new business filings
made in various filing jurisdictions in Middle Tennessee. This
information is available on disk
or via e-mail including phone
numbers. The e-mail version
arrives one week earlier than
the published version. For cost
and more information, call 877593-4157.
Davidson County
Mary Wireless, 904 Murfreesboro Pike, Nashville 37217.
Angeles Drywall, 3704
Hewlett Drive, Nashville
37211.
Copper Creek Electric Co.,
3251 Ivy Point Road, Goodlettsville 37072.
ABC’s Home Maintenance
& Painting Co., 217 Arbor
Creek Blvd., Nashville 37217.
United Commercial Construction Inc., 4200 Perimeter Pike S. No. 250, Atlanta
30341.
Imperial Builders Inc., 535
Shute Lane, Hendersonville
37075.
Seaton Construction Co.
Inc., 9710 Clovercroft Road,
Nolensville 37135.
Classic Demolition + Construction, 4041 Knight
Road, Whites Creek 37189.
Sulan For Remodeling, 5108
English Village Drive, Nashville 37211.
Super 8, 1414 Princeton Place,
Hermitage 37076.
JCP Micro, 1301 Joust Court,
Antioch 37013.
Stella’s New Beginnings
Inc., 628 Cadogan Court,
Antioch 37013.
Total Steam Power, 6947
Nolensville Road, Brentwood
37027.
Chair & Chair A Like, 3109
Ivy Point Road, Goodlettsville
37072.
Collide LLC, 1213 Genelle
Drive, Goodlettsville 37072.
Ward Enterprises, 1412 Hermitage Park Drive, Hermitage
37076.
Zesty Games, 628 Netherlands Drive, Hermitage
37076.
International Fuel Sources,
3905 Chase Point Place,
Joelton 37080.
Broadway Enterprises Inc.,
8098 Jackman Road, Joelton
37080.
Arch Aluminum & Glass Co.
Inc., 10 Fant Industrial Drive,
Madison 37115.
DCMS, 134 Lanier Drive, Madison 37115.
Valte Waste, 419 Northside
Drive, Madison 37115.
Lokey/Cynthia Ann Kaza,
2916 West End Ave., Nashville 37203.
Starbabe, 104 Myrtle St.,
Nashville 37206.
Community Carz, 2921 Dickerson Pike, Nashville 37207.
The Studio/Tha Office,
2210-B Osage St., Nashville
37208.
Bull Works LLC, 300 McCann
St., Nashville 37210.
Action Installations, 650
Huntington Parkway, Nashville 37211.
Venus, 112 Twin Oaks Drive,
Nashville 37211.
Infinity Partners, 5369 Village Way, Nashville 37211.
Romantic Revival, 5543
Edmondson Pike, Nashville
37211.
Latinos Unidos, 2961 Riverbend Drive, Nashville 37214.
I See London LLC, 2209
Bandywood Drive Suite G,
Nashville 37215.
Discover What’s Stopping
You, 5200 Stanford Drive,
Nashville 37215.
Universal Robotics Inc.,
2518 Smith Spring Road,
Nashville 37217.
Comforcare, 4721 Trousdale
Drive Suite 212, Nashville
37220.
Nashville It Health Inc.,
6549 Buttercup Drive, Nashville 37221.
Accuscripts Inc., 7439 Highway 70 S. No. 288, Nashville
37221.
SKG Ventures, 1201 Rockeford Drive, Nashville 37221.
Arby’s No. 296, 5304 Hickory
Hollow Lane, Antioch 37013.
Arby’s No. 5506, 912 Conference Drive, Goodlettsville
37072.
Country Buffet Inc., 1130
Gallatin Pike S., Madison
37115.
Arby’s No. 759, 1779 Gallatin
Road, Madison 37115.
Arby’s No. 1433, 919 Gallatin
Road S., Madison 37115.
The Burlap Cafe, 611 Wedgewood Ave., Nashville 37203.
Arby’s No. 460, 1807 West
End Ave., Nashville 37203.
Varsity Grille LLC, 204 21st
Ave. S., Nashville 37203.
Kabab Gyro, 718 Thompson
Lane Suite 114, Nashville
37204.
D’s Kitchen LLC, 2919 Dickerson Parkway, Nashville
37207.
Arby’s No. 1857, 3196 Dickerson Pike, Nashville 37207.
Arby’s No. 1071, 855 Hillwood
Blvd., Nashville 37209.
Rio Berde Mexican Res-
taurant, 316 White Bridge
Road, Nashville 37209.
Xavier’s Exquisite Cuisine
Inc., 3302-A Nolensville
Arby’s No. 707, 4097 Nolensville Pike, Nashville 37211.
Arby’s No. 1745, 2750 Donelson Pike at Elm Hill, Nashville
37214.
Arby’s No. 7499, 2350 Murfreesboro Pike, Nashville
37217.
Arby’s No. 1042, 1212 Murfreesboro Pike, Nashville
37217.
Cheeseburger Charley’s,
223 Fourth Ave. N., Nashville
37219.
Arby’s No. 7863, 7649 Highway 70 S., Nashville 37221.
Arby’s No. 239, 2044 Metrocenter Blvd., Nashville 37228.
The Broom Boutique, 805
Lonsway Court, Antioch
37013.
The Ladies Shoppe Inc., 85
White Bridge Road, Nashville
37205.
Nashville Motor Sports LLC,
2222 Eighth Ave. S., Nashville 37204.
Wall Brothers Glass Inc.,
4980 Highway 41-A S.,
Clarksville 37043.
Dolphin Market, 4808 Lebanon Pike, Hermitage 37076.
Secret Society Records, 703
Elissa Drive, Nashville 37217.
Hickory Hollow Wine &
Liquors, 5306 Hickory Hollow Parkway, Antioch 37013.
Redbox Automated Retail
LLC, 2232 Gallatin Pike N.,
Madison 37115.
Export & Imports, 531 Moore
Ave., Nashville 37203.
Woodmont Christian Bookstore, 3601 Hillsboro Road,
Nashville 37215.
Fiori Service, 5529 Murphywood Crossing, Antioch
37013.
AM Services, 650 Revels
Drive, Nashville 37207.
We Care Too Home Care
Services, 208 Mill Station
Court, Nashville 37207.
QS It Consulting, 3855
Faulkner Drive, Nashville
37211.
Third World Support, 1005
Waverunner Drive, Nashville
37217.
Civil Design Consultants
LLC, 8170 Coley Davis Road,
Nashville 37221.
Kim And Babro Auto Repair,
1211 Brick Church Pike No.
B, Nashville 37207.
Service Pro Automotive,
1700 McDaniel St., Nashville
37208.
Thompson Lane Tire & Auto
Repair, 519 Thompson Lane,
Nashville 37210.
Eagle’s Nest Home Inspection Service LLC, 3813
Plantation Drive, Hermitage
37076.
Hayes Security, 1160 S. Gallatin Road Suite 122, Madison
37115.
Liberty Tax Service, 6309
Charlotte Pike, Nashville
37209.
Steel Stud Solutions LLC,
407 Driftwood, Nashville
37210.
Blaine’s Computer Services,
505 Picadilly Row Apt. 129,
Nashville 37214.
Riverside Family Fun World,
642 Old Hickory Blvd., Old
Hickory 37138.
Unique Cleaning Service,
2992 Owendale Drive,
Antioch 37013.
Graciela’s Cleaning Service,
610 Cheyenne Blvd., Madison
37115.
Majestic Cleaning Service,
3045 Ewingdale Drive, Nashville 37207.
Michelle’s Cleaning/Anego,
206 Sunset Drive, Nashville
37207.
Hearne Carpet Cleaning,
3535 Bell Road, Nashville
37214.
Tennessee Cleaning, 845
Bell Road, Nashville 37217.
Kustom Cleaners, 2412 Lebanon Road, Nashville 37214.
Doty Cab Services, 1109
Hickory Highlands Drive,
Antioch 37013.
|
New
Corporations
|
Cheatham County
D&S Hospitality LLC, 105
Hale St., Ashland City 37015.
Davidson County
Q&A Industries LLC, 3001
Hamilton Church Road No.
357, Antioch 37013.
Accurate Investigations
and Paralegal Services
LLC, 309-A Country Court,
Antioch 37013.
Kenjama Management
Group LLC, 4453 Benchmark Drive, Antioch 37013.
Stella’s New Beginnings
Inc., 628 Cadogan Court,
Antioch 37013.
I Am My Brother’s KeeperMatthew 25:23-40 Ministry, 900 Blue Mountain Lane,
Antioch 37013.
Cane Ridge Church of
Christ, 8489 Lawson Drive,
Cane Ridge 37013.
Twelve Full Baskets, 608
Logwood Briar Circle, Brentwood 37027.
AV Entertainment Group
LLC, 7044 Oak Brook Terrace, Brentwood 37027.
Professional Software
Resources LLC, 1342 Old
Columbia Road, Chapel Hill
37034.
Bennett Logging and Dozier
Services LLC, 7341 Old Mill
Hill Road, Dowelltown 37059.
Project: Start, 404 Wire
Grass Lane, Franklin 37064.
Myers & Associates PLLC,
318 Northcreek Blvd. Suite
29
|
150, Goodlettsville 37072.
Hendersonville Golf Center
LLC, 100 New Shackle Island
Road, Hendersonville 37075.
Eagle’s Nest Home Inspection Service LLC, 3813
Plantation Drive, Hermitage
37076.
Tiki Totem Audio Inc., 913
Patty Cove, La Vergne 37087.
JJ San Martin Tire Inc., 1017A Gallatin Pike S., Madison
37115.
Neely’s Bend Organics LLC,
616 Menees Lane, Madison
37115.
Blackjack Cove LLC, 2109
Lakeshore Drive, Old Hickory
37138.
Sage Recording LLC, 11
Music Square E. Suite 304,
Nashville 37203.
TLC Roofing LP, 116 Ninth
Circle S., Nashville 37203.
Bigger Picture Group LLC,
1600 Division St. Suite 225,
Nashville 37203.
Roots of Revolution Record
LLC, 1600 Division St. Suite
225, Nashville 37203.
Sweethearts of the Rodeo
LLC, 1600 Division St. Suite
Varsity Grille LLC, 204 21st
Ave. S., Nashville 37203.
Good Guys Tours LLC, 2300
Charlotte Ave. Suite 103,
Nashville 37203.
Matt Dudley Photography
LLC, 832 Hillview Heights,
Nashville 37204.
Nashville Motor Sports LLC,
2222 Eighth Ave. S., Nashville
37204.
Tombstone Recording LLC,
2813 Azalea Place, Nashville
37204.
Kirtland Road Townhomes
Homeowner’s Association
Inc., 102 Woodmont Blvd.
Suite 200, Nashville 37205.
Shaun M. Bivens DMD PLLC,
5606 Vine Ridge Drive, Nashville 37205.
Satz & Co. LLC, 616 Enquirer
Lindsay’s Caramel Shortbread LLC, 6666 Brookmont
Terrace Suite 203, Nashville
37205.
Global Luxury LLC, 8 Warwick
Lane, Nashville 37205.
CAT Inc., 4231 Harding Road,
Nashville 37205.
Homesteady Properties LLC,
115 Chapel Ave., Nashville
37206.
Nashville Pro Hammond
Inc., 750 Cowan St., Nashville
37207.
C&C Construction Co. LLC,
212 Sunset Drive, Nashville
37207.
D’s Kitchen LLC, 3206 Spears
Abundance Academy Inc.,
2701 Jefferson St. Suite 203,
Nashville 37208.
Life Group LLC, 3500 John
Merritt Blvd. Box 4200, Nashville 37209.
Corebanc Inc., 722 Rundle
|
30
biz leads
C.B. Collision Inc., 911 Elm Hill
Pike, Nashville 37210.
Hydra Relax Inc., 5226 Green
Leaf Drive, Nashville 37211.
Colad Physiotherapy Consultants PLLC, 550 Adamwood
Drive, Nashville 37211.
Action Installations LLC, 650
Huntington Parkway, Nashville
37211.
Mirineh LLC, 14977 Old Hickory Blvd., Nashville 37211.
Young Soo LLC, 14977 Old
Hickory Blvd., Nashville 37211.
Brian Lavoy Payne Attorney
at Law PLLC, 7600 Leveson
Way, Nashville 37211.
MURMP LLC, 8656 Gauphin
Place, Nashville 37211.
Xavier Exquisite Cuisine
Inc., 3302-A Nolensville Road,
Nashville 37211.
Women Rock For The Cure
Inc., 1222 16th Ave. S. Third
Floor, Nashville 37212.
La La Lam Music LLC, 2001
21st Ave. S. Apt. 317, Nashville
37212.
The Lyath Foundation Inc.,
252 38th Ave. N., Nashville
37212.
Riverstone LLC, 313 Riverstone
Blvd., Nashville 37214.
Art Of The Gamble LLC, 4652
Tara Drive, Nashville 37215.
Communities Without Walls
Middle Tennessee Inc.,
1002 Estes Road, Nashville
37215.
Bibliog LLC, 20 Burton Hills
Blvd. Suite 100, Nashville
37215.
Civil Twilight Music LLC, 2036
Priest Road, Nashville 37215.
Skyline Express Inc., 918 Rexdale Drive, Nashville 37217.
Park Place Realty LLC, 3986
Taz Hyde Road, Nashville
37218.
Bridges Professional Seminars LLC, 533 Church St.
Suite 151, Nashville 37219.
Rootshq LLC, 211 Seventh
Ave. N. Suite LL-15, Nashville
37219.
Strategic Activism LLC, 211
Seventh Ave. N. Suite LL-15,
Nashville 37219.
Southeast Technology LLC,
4741 Trousdale Drive Suite
Say No To Hunting Rights
In Tennessee, 905 Battery
Lane, Nashville 37220.
Eleven: 17 Music Inc., 527
Belle Pointe Court, Nashville
37221.
Sun-Young PLLC, 1098 General George Patton Road,
Nashville 37221.
A Proper Fit: Shoes & Inserts
Corp., 7051 Highway 70 S.
No. 176, Nashville 37221.
Organization For Immigrant
Development Inc., 7245
Highway 70 S. Unit 109, Nashville 37221.
B’s Garden Inc., 7413 River
Park Drive, Nashville 37221.
Southern Gardens Co. LLC,
7874 McCrory Lane, Nashville
37221.
Appleridge German Shepherd Rescue Inc., 320
Mowery Road N.W., Cleveland
37312.
STPM LLC, 346 Fallen Oak
Circle, Seymour 37865.
WPM LLC, 1810 Creighton
Circle, Knoxville 37922.
Mid South Young People’s
Orchestras, 7975 Stage Hills
Blvd. Suite 5, Bartlett 38133.
Dickson County
Global Investment Inc.,
2401 Highway 47 E., Dickson
30755.
Charlotte Hardware LLC,
3601 Highway 48 N., Charlotte 37036.
Montgomery County
Best & Son Construction
LLC, 111 N. Riverside Drive,
Clarksville 37040.
CMCSS Bowling League
Marketing
|
Marketing
& Events Director
Vol. XXIV, No. 7
Regina Stephens | [email protected]
344 Fourth Ave. N. Nashville, TN 37219
(615) 248-2222 | Fax (615) 248-6246
Donisha Moss | [email protected]
Marketing ASSISTANT
|
editor
PRESIDENT & Publisher
Administration
Tabitha Rasnake | [email protected]
Accounting Coordinator
Patricia Fagan | [email protected]
customer service & assistant to publisher
Johnny Dantonio | [email protected]
advertising
Advertising director
|
Amy Harris | [email protected]
senior Advertising Consultant
Michele Friedenberg | [email protected]
ADVERTISING consultanTS
Travis Jones | [email protected]
Russ Maxey | [email protected]
Kevin Michelson | [email protected]
Jennifer Watson | [email protected]
|
|
creative director
Larry Stephens | [email protected]
Design editor
Anne Pringle | [email protected]
Graphic Designer
Phillip Brown | [email protected]
subscriber services
Circulation director
Tamara Hudson | [email protected]
circulation & marketing Coordinator
Advertising Coordinator
Shannon Daigle | [email protected]
creative services
|
Managing Editor
Lori Becker | [email protected]
Assistant Managing Editor
Scott Takac | [email protected]
Senior reporter
Linda Bryant | [email protected]
reporters
Jenny Burns | [email protected]
Turner Hutchens | [email protected]
Jeannie Naujeck | [email protected]
Cynthia Yeldell | [email protected]
research director
Carol Smith | [email protected]
staff photographer
Todd Stringer | [email protected]
intern
Matthew Reynolds | [email protected]
|
business Manager
|
NEWS
Lance Williams | [email protected]
Kate Herman | [email protected]
|
|
Caroline McCool | [email protected]
subscriber consultant
Lauren Steele | [email protected]
|
ray shaw, chairman
Copyright 2009 Nashville Business Journal, Inc., a publication of
American City Business Journals, Inc., 120 W. Morehead Street,
Suite 400, Charlotte, NC. All rights reserved. Reproduction or use
without permission, of editorial or graphic content is prohibited.
Boosters, 1054 Chucker
Court, Clarksville 37042.
G-Town/TN Ryders Motorcycle Club Inc., 3474 Sand
Piper Drive, Clarksville 37042.
Clarksville Advanced Practice Psychiatric Services
LLC, 2141 Old Ashland City
Road, Clarskville 37043.
Rutherford County
Accu-Weld Truck Body &
Trailer Inc., 8211 Manchester
Pike, Murfreesboro 37127.
Advantage Tile Inc., 2927
Islington Drive, Murfreesboro
37128.
Blackman High School Cross
Country Booster Club,
3956 Blaze Drive, Murfreesboro 37128.
Walsh Investments LLC, 222
Foundry Circle, Murfreesboro
37128.
Just Homes LLC, 239 Lehman
Trail, Murfreesboro 37128.
Upper Room Family Life
Center, 2435 Willowbrook
Drive No. H-139, Murfreesboro
37128.
Dyenon Building Technologies Inc., 2502 Wellington
Place, Murfreesboro 37128.
Loyalty Dance Team Inc., 266
Freedom Court, Murfreesboro
37129.
Corbin French LLC, 7251 Powells Chapel Road, Murfreesboro 37129.
Affiliatewise LLC, 237 W.
Northfield Blvd., Murfreesboro
37129.
MSS Partners LLC, 240 Glenis
Drive, Murfreesboro 37129.
Tap Music Group LLC, 285 N.
Rutherford Blvd. Apt. P-202,
Murfreesboro 37130.
East Clark Medical PC, 818
E. Clark Blvd., Murfreesboro
37130.
WWIPPI Inc., 16 Public Square
N., Murfreesboro 37130.
Little Hollow Farms Inc., 6251
Rocky Fork Road, Smyrna
37167.
Sumner County
|
Global Foundation Ministries, 547 Womack Road,
Bethpage 37022.
B-Green Disposal & Recycling LLC, 1351 Pee Dee
Branch Road, Cottontown
37048.
Nosco Consulting LLC, 1005
Pittman Drive, Gallatin 37066.
Lazy H Farm LLC, 1784 Long
Hollow Pike, Gallatin 37066.
Rocky Top Event Management Services LLC, 360
Sunset Island Trail, Gallatin
37066.
Scenario Entertainment LLC,
212 Buffalo Run, Goodlettsville
37072.
AC Automotive Diagnostic
LLC, 104-A Maple St., Hendersonville 37075.
Holtfreter Properties LLC, 110
Ashland Point, Hendersonville
37075.
Precision Landscape and
Lawncare Inc., 130 Mansker
Park Drive, Hendersonville
37075.
The Hendersonville Diner
LLC, 200 Sanders Ferry Road
Apt. 2409, Hendersonville
37075.
Grananna LLC, 578 Indian Lake
Road, Hendersonville 37075.
Arc Construction LLC, 158
Willdon Drive, Portland 37148.
Westmoreland Lady Eagle
Softball Booster Club Inc.,
4300 Hawkins Drive, Westmoreland 37186.
Williamson County
Laurus Business Group LLC,
1095 Sunset Road, Brentwood 37027.
Green Energy Technology
Inc., 1417 Robert E. Lee Lane,
Brentwood 37027.
J&L Group LLC, 2613 Gretchen
Court, Brentwood 37027.
James Michael Inc., 3 Torrey
Pines Way, Brentwood 37027.
Nashville Sun Control LLC,
330 Franklin Road Suite 135A242, Brentwood 37027.
Bancmax LLC, 5203 Maryland
Way Suite 210, Brentwood
37027.
Hamer Holdings LLC, 7003
Chadwick Drive, Brentwood
37027.
Red House Merch Inc., 7101
Executive Center Drive No.
202, Brentwood 37027.
Tennessee Examination and
Billing Services LLC, 750
Old Hickory Blvd., Brentwood
37027.
Entheous Inc., 9 Carmel Lane,
Brentwood 37027.
Complete Care Clinics of
America LLC, 9005 Overlook
Blvd., Brentwood 37027.
Pauline S. Mangrum Family
LLC, 7503 Lake Road, Fairview 37062.
Inspection Systems Group
LLC, 853 Walden Drive, Franklin 37064.
Backyard Playsets LLC, 1549
W. Harpeth Road, Franklin
37064.
Commercial Demo & Finishes LLC, 215 Prospect Ave.,
Franklin 37064.
Ecco Salon LLC, 400 Main St.
Suite 120, Franklin 37064.
Screamin Banshees Corp.,
505 Overview Lane, Franklin
37064.
Chandler Real Estate LLC,
509 New Highway 96 W.,
Franklin 37064.
Allen Capital Group LLC, 725
Cool Springs Blvd. Suite 600,
Franklin 37067.
PCC Inc., 130 Seaboard Lane
Suite A-6, Franklin 37067.
Ven Food International LLC,
2000 Mallory Lane Suite 130352, Franklin 37067.
Battle Ground Financial
Group Inc., 217 Bateman
Ave., Franklin 37067.
The Spa of Cool Springs LLC,
539 Cool Springs Blvd. No.
140, Franklin 37067.
|
Nashville Triathlon Club Inc.,
806 Sneed Road, Franklin
37069.
Platinum Atlantic LLC, Suncroft 1707 Old Hillsboro Road,
Franklin 37069.
Where Pigs Fly Farm LLC,
1707 Old Hillsboro Road,
Franklin 37069.
Buchanan Construction
Group LLC, 502 Greenmeadow Drive, Franklin 37069.
Sunset Tans TN Inc., 7240
Nolensville Road Suite 202,
Nolensville 37135.
Danabi Import & Export LLC,
7512 Sheldon Park Drive,
Nolensville 37135.
Bleve Entertainment Group
LLC, 9701 Clovercroft Road,
Nolensville 37135.
On-Track Productions LLC,
3002 Macon Court, Spring Hill
37174.
Wilson County
Sewell & Associates LLC,
1055 Misty Lake Drive, Lebanon 37087.
Technical Audio Services
Inc., 2534 Horn Springs Road,
Lebanon 37087.
P&CW Organic Farm Inc.,
4650 Chicken Road, Lebanon
37090.
Winfield Enterprises LLC,
4650 Chicken Road, Lebanon
37090.
The Star of Mount Juliet LP,
3991 N. Mount Juliet Road,
Mount Juliet 37122.
Providence Collection Group
LLC, 526 Lovell Drive, Mount
Juliet 37122.
Collision Equipment Services LLC, 1705 Wrencrest Drive,
Mount Juliet 37122.
Winterset Concert Events
LLC, 5553 Vanderbilt Road,
Old Hickory 37138.
|
Liquor
Licenses
|
New Files
Jim E. McCullough and
Edwin L. Ivie/The Purple
Hey’s, 1401 Fourth Ave. S.,
Nashville 37210; effective
01/22/09.
GMRI Inc./Red Lobster No.
6348, 401 S. Mount Juliet
Road Suite 120, Mount Juliet
37122; effective 01/27/09.
108 Grille LLC/108 Grille,
108 Bridge St., Franklin
37065; effective 01/28/09.
GMRI Inc./Olive Garden
Italian Restaurant No.
1794, 1098 Crossing Circle,
Spring Hill 37174; effective
01/29/09.
Closed Files
Edwin L. Ivie/Purple Hey’s,
1401 Fourth Ave. S., Nashville
37210; effective 01/22/09.
Radius 10 LLC/Radius
10, 1103 McGavock Pike,
Nashville 37203; effective
01/29/09.
|
Tractor | Big-ticket items drop, but overall sales strong
rate in recent years.
The retailer (Nasdaq: TSCO) nudged
sales up by 1.1 percent last year to reach
$3 billion. In the fourth quarter, when
many retailers saw sales nosedive, TSC
revenue climbed 9.5 percent from the year
before to nearly $800 million.
Earnings, though, fell 14.9 percent to
$81.9 million for 2008 — something the
company expected because of debt obligations that were scheduled to fall during
the year, Wright says.
Jack Murphy, retail analyst with Chicago-based William Blair & Company,
says the growth plan is reasonable, even
in the reeling retail market.
“There aren’t a lot of retailers that have
the ability to grow in a relatively unsaturated format,” Murphy says. “Tractor
Supply would be an exception.”
The company has two types of competitors: Independent rural stores which
compete directly but don’t have the same
networks or technologies for supply management or the widespread name recognition; and national chains that compete
indirectly on some product lines, such as
Home Depot for tools or PetCo for animal
needs.
Murphy expects TSC’s stock to outperform the general stock market in
2009. In past year, Tractor Supply’s share
price has fallen about 21 percent to trade
around $33 per share this week. That’s
compared to a drop of about 37.5 percent
for the Dow Jones Industrial Average in
the same period.
TSC stores are focused on the folks who
live the rural lifestyle and have large animals or the outdoors do-it-yourselfers.
Wright describes the stores’ customers
as frugal, with disposable income they
don’t spend recklessly and great credit
they don’t generally use.
“They didn’t participate in the housing
bubble to the same level and aren’t participating in the bust to the same extent,”
he says.
After a dismal holiday shopping season, same-store retail sales continued to
fall in January and are expected to do the
same over the next few months, according
to the International Council of Shopping
Centers.
Consumer analyst Britt Beemer, CEO
of Charleston, S.C.-based America’s
MMA | Fights draw strong television ratings in Nashville
Night Live” to the Sommet Center.
Promoters hope to draw 11,000 to 13,000
fans for the event and showcase Nashville
before a national audience.
“We know we have a fan base in Tennessee,” says Lawrence Epstein, executive vice president for Las Vegas-based
Ultimate Fighting Championship, the
sport’s largest business organization and
dominant league, referring to the high
ratings televised mixed martial arts
events get in the state. “We’re coming to
test the waters and see how we do from a
live gate standpoint.”
Mixed martial arts, also known as
MMA or cagefighting, has been legalized
in 37 states. Its avid fan base has created double digit growth in gate revenue,
pay-per-view buys and viewership for
its televised matches and reality show
“The Ultimate Fighter,” about to start its
ninth season on the cable channel Spike
— which, incidentally, was known as The
Nashville Network, TNN, and then The
National Network from 1983 to 2003, when
it became Spike and began targeting a
young male demographic.
Nashville posted the 13th highest
rated market nationwide for a recent
season, 23 percent higher than the
national average, according to MTV
Networks, which owns Spike.
And proponents of the sport say MMA
events have generated tens of millions of
dollars in economic impact in states such
as Ohio and Georgia, which hosted its
first UFC Fight Night Live in September,
and could generate as much here.
A recent Saturday night bout in Las
Vegas brought in 14,000 people and
grossed $4 million at the gate. Last April,
the first UFC fight in Canada sold out
Montreal’s 21,000-seat Bell Centre, with
13,000 tickets sold the first day and most
tickets purchased by members of UFC’s
paid fan club.
Last Saturday, Tampa hosted its first
UFC Fight Night, drawing 7,596 fans
and grossing approximately $428,000 at
the gate. A September fight in Omaha,
Neb., drew about 7,000 fans and grossed
$700,000. Gate revenue varies based on
ticket prices at each location.
MMA got its first green light in Tennessee last summer, when the state
created an athletic commission, but
fights were largely confined to gyms,
training centers and scrappy amateur
matches. In September, when a new
commission was seated, the group
approved rules and recognized four
amateur sanctioning organizations.
MMA lobbyists spent a year getting
passage in Tennessee.
“Tennessee is a great boxing state,”
says Marc Ratner, vice president of government and regulatory affairs of UFC,
the 800-pound gorilla of mixed martial
arts that picks off the best athletes in
the country for its televised fights and
shows. “It’s our goal, wherever there’s
a boxing commission, to have the sport
approved.”
The UFC is betting Ratner can make
that happen. Before joining UFC and its
parent company Zuffa LLC two years ago,
he served for 14 years as executive director of the Nevada State Athletic Commission and was one of the most respected
boxing regulators in the country.
SPORT WORKSTO RESHAPE IMAGE
Ratner has played a big role in helping
MMA evolve from the sometimes-gruesome spectacle that John McCain once
decried as “human cockfighting.”
First introduced in the United States
Danny Hodges stocks feed at a Tractor
Supply Co. store in Thompson’s Station.
Research Group, says customers coping
with the recession still are willing to
pay for quality but not for packaging or
extras. The retailers that fit that “frugal
consumer” model are doing well despite
the slow times.
in 1993, MMA’s image problem began as
soon as it started due to a lack of rules
and organization.
“At one time, ten or twelve years ago,
they advertised (matches) as ‘no holds
barred, anything goes, no rules,’ ” Ratner says.
All that changed in 2001 when Zuffa
took over UFC, imposed strict rules on
fights and began a marketing makeover that resulted in the first statesanctioned events in Nevada and New
Jersey and the deal with Spike, which
is available in nearly 100 million homes
nationwide.
Now the sport is highly regulated and
refereed. Fought on an octagonal mat
contained by a cage, athletes incorporate
all the various martial arts, including
karate, jiu-jitsu, judo, boxing, kickboxing,
grappling, wrestling, sumo and other
combat sports, to knock out, outscore or
force opponents into submission.
Fighters in the same weight class battle
each other in three to five rounds lasting
five minutes. Fouls are given for head
butting, eye gouging, biting, hair pulling,
groin attacks, striking the throat, back of
head or spine and many other violations.
Participants can stop the competition at
any time by tapping the mat.
Because fights combine both striking
and grappling moves, it is far less injurious to fighters than boxing, according
to a 2004 report from John Hopkins
University’s School of Medicine. Many
MMA fighters train like boxers and have
extensive experience in martial arts or
wrestling.
Yet Ratner is still working on Massachusetts and New York, which has
banned mixed martial arts. The UFC has
launched major lobbying campaigns in
both states.
FIGHTS BRING IN BIG MONEY, RATINGS
One thing is certain: with its demographic appeal to young males, the sport
31
|
“Something like Tractor Supply fits
that description,” he says. “They have
their niche where there are not a lot of
other competitors.”
Of course, the company has not been
untouched by the recession. Sales of
big-ticket items more than $300, such
as high-power compressors or riding
lawnmowers, had been weakening for a
couple of years and dropped off sharply in
2008, Wright says. But the company has
managed to offset some of the losses by
increasing sales of consumable products
like animal feed or medicine.
In general, customers have shifted
away from premium brands to less expensive options, but for Tractor Supply, that’s
not necessarily a concern because profit
margins on the sales are about the same,
Wright says.
TSC also has instated a “hiring frost,”
not hiring for all vacant positions and not
adding all planned positions, Wright says.
The company has developed a number of
other cost-saving measures, including
improved stocking systems.
Retail analyst Murphy says he
expects TSC to do well in the coming
year. While moving more deliberately
than in boom times, the retailer, he
predicts, will keep growing and outperforming the market.
is a ratings boon for testosterone-infused
Spike and a cash cow for UFC, which puts
on 12 to 14 live pay-per-view events annually through cable and satellite providers,
and distributes its programming in 100
countries and territories.
MMA’s global appeal is demonstrated
by the headlining card in Nashville,
which pits World Extreme Cagefighting
champion Carlos Condit of Albuquerque
against Martin Kampmann, a Thai boxing champion from Denmark.
“Fighting is one of the few sports that
everyone understands,” Epstein says.
“You put two guys in an octagon. That
translates in every culture.”
Tickets for the April 1 bout at the Sommet Center went on sale last weekend,
selling about half of the available seats in
five days, marketing director David Kells
says. Prices range from $20 to $200.
The UFC also brings some 175 to 200
of its own staff and production people
on the road to each televised event for a
minimum of three nights, resulting in at
least 600 hotel room nights, plus meals,
drinks and entertainment.
“A lot of money moves through the
MMA, but 60 percent goes through the
UFC,” says Shane Messer, an investor
in Nashville Mixed Martial Arts, the
premier gym and training facility in
Nashville and one of the largest in the
Southeast. “Promoters are up against
the UFC, and the UFC blows us all out of
the water.”
Messer expects to draw several thousand people Saturday at his own Gameness Fighting Championship, a tournament held inside the Sports Arena at the
Tennessee State Fairgrounds, where
tickets start at $30 and go up to $750 for
a VIP table.
Despite spending little on marketing,
tickets are selling briskly to the Nashville
MMA community, Messer says, and he’s
already secured a deal to hold another
event at Municipal Auditorium.
|
Mobile Broadband.
Take your business mobile.
With high-speed wireless Internet from Verizon Wireless, your small business can be
the productivity powerhouse you want it to be. Get more done on the go — connect
to the Internet, access email, download files and more. All on America
America’ss Largest and
Most Reliable 3G Network. Talk to a Small Business Specialist
ist today to find the right
Mobile Broadband solution for your business.
It’s never been easier to get Mobile
Broadband for your small business.
Bro
Limited-time offer. Hurry in today.
Lim
FREE
UM 1175 USB Modem
$49.99
$49.9 2-yr. price less $50.00 mail-in rebate debit card. New
two-year
two-y activation on a Mobile Broadband plan required.
Get the right ttools
ools ffor
or yyour
our small business. Contact a Small Business Specialist today.
Call 1.800.VZW.4BIZ
Click smallbusiness.vzw.com
Visit a Verizon Wireless store
Activation fee/line: $35.
IMPORTANT CONSUMER INFORMATION: Subject to Customer Agmt, Calling Plan, rebate form and credit approval. Up to $175 early termination fee and other charges. Mobile Broadband is available to over 260 million people in 258 major metropolitan areas. Offers and coverage, varying by service,
not available everywhere. Rebate takes up to 6 weeks & expires in 12 months. Limited-time offer. While supplies last. Shipping charges may apply. Largest claim based on owned/operated network. See verizonwireless.com/bestnetwork for details. © 2009 Verizon Wireless.
73868
|

Tractor Supply readies crop of stores

Transcription

Similar documents

amec reports - NAWIC | Durham Chapter 83

Untitled - Tin Roof

a pdf of the full article

Opryland Hotel 2016e - kiic radio 96.7 fm albia

all things nashville: nashville`s top spots to eat brunch

File

Meetings Brochure - Homewood Suites by Hilton

View Our Annual Report - Tennessee Coalition to End Domestic

presented by

Public Relations Manual