Two local firms in Knoxville apartment deal
Posted on November 17, 2009 at 12:31 pm
Josh Flory reports that First Management Services has paid fellow Nashville development company Covenant Capital more than $6 million to buy out its stake in a West Knoxville apartment complex.
Lukewarm welcome to campus
Posted on November 4, 2009 at 11:09 am
Local restaurant entrepreneur Tommy McDougal is taking his chicken chain beyond Middle Tennessee and into Knoxville. The Daily Beacon, apparently eager for more “small portions and cheap prices,” ain’t all that impressed.
AmSurg exec elected to Canadian company’s board
Posted on September 25, 2009 at 12:14 amGene Overholt, a gatroenterology pioneer who has been medical director of AmSurg since 1992 and was a board member of the Nashville company until this past spring, has been elected to the board of CRH Medical, a Vancouver-based company (Toronto Ticker: CRM) that develops hemorrhoid treatments.
Local lender funds East Tenn. nursing home
Posted on August 24, 2009 at 8:23 amThe Nashville outpost of Deutsche Bank Berkshire Mortgage has arranged funding for Trinity Senior Living to build its third nursing home in the Knoxville area.
Pinnacle’s new Knoxville chairman
Posted on July 7, 2009 at 10:25 amLocally based Pinnacle Financial Partners has named former Regions banker Harvey White as its new chairman and senior credit officer for its Knoxville office.
“Harvey is one of the most highly regarded members of the Knoxville banking community,” Hunter said. “His 35-year track record exemplifies Pinnacle’s model of hiring the most experienced and successful professionals in the marketplace.”
White has worked for Regions Bank and its predecessor companies for 28 years, serving as senior credit officer since 1999. He began his career at United Virginia Bank as a relationship manager
Pinnacle snags big-shot Knoxville banker
Posted on July 1, 2009 at 11:25 pmThe largest bank headquartered in Nashville continues its push into Knoxville with the hiring of a former First Tennessee senior VP. Pinnacle (Ticker: PNFP) entered Knoxville two years ago and, based on these numbers presented last month, is on track to meet its goals there.
OHL grows pet care company account
Posted on June 25, 2009 at 8:05 amThe Brentwood logistics company formerly known as Ozburn-Hessey has been awarded another aspect of the shipping business of Knoxville-based PetSafe.
Locals in on planned East Tenn. rail yard
Posted on May 27, 2009 at 8:19 amLocally based ProVenture Commercial Real Estate appears to be working with rail titan Norfolk Southern on plans to build a rail-road transit terminal east of Knoxville.
SunTrust retail bankers get new boss
Posted on May 8, 2009 at 8:23 pmDebbie Crowder, the bank’s East Tennessee president, has been promoted to a regional role overseeing retail banking in Georgia, Alabama and Tennessee.
Knoxville Amerigo’s shuts doors
Posted on April 28, 2009 at 3:12 pmAnd the property’s owner didn’t see it coming.
Cappiello, who had dinner at the restaurant last night, said he was surprised this morning when he drove by the eatery and saw folks clearing out personal property.
“Unbeknownst to me, they decided to close. It was quite a surprise,” he said, noting the eatery had participated in the Rossini Festival over the weekend.
Financial adviser pleads guilty to fraud charges
Posted on April 6, 2009 at 11:13 amA financial adviser from the Chattanooga suburb of Ooltewah has pleaded guilty to federal fraud and tax charges.
A statement from the U.S. attorney’s office in Knoxville shows that 40-year-old Delbert Foster Blount III, in a deal with prosecutors, pleaded guilty to one count of mail fraud, one count of wire fraud and five counts of income tax evasion.
Tennessee keeps in-migration higher than out
Posted on April 3, 2009 at 8:35 amFrom Randy Neal:
A Relocation.com study found that more people are moving to Tennessee than moving out (58% v. 42% of interstate moves respectively). Nashville, Knoxville, and Chattanooga had a net increase in the number of people moving to those cities.
Knoxville ad firm planning local site
Posted on January 19, 2009 at 3:32 pmMorris Creative Group says it also will open an office in Chattanooga. The firm’s clients include Mercy Health System, Siemens and Mountain Commerce Bank, among others.
Goody’s to liquidate
Posted on January 6, 2009 at 3:03 pmSo reports Carly Harrington at the Knoxville News Sentinel:
According to Reuters, Cathy Hershcopf, a bankruptcy partner at law firm Cooley Godward Kronish LLP, Goody’s is “in the processes of obtaining bids to liquidate substantially all collateral and inventory. The retail environment is very difficult and they did not have sufficient capital to weather the bad times.”
Marine unit
Posted on at 10:28 amA notable Knoxville boat manufacturing plant may be closing its doors. No word on its Ashland City sister.
The moves come in response to what company officials call “difficult conditions in the global marine market and economy.”
“The three plants near Knoxville have recently completed a production furlough, which has helped reduce our overall marine pipeline, but the global marine market remains in a severe downturn because of the weakening economies here and abroad and anxious consumer sentiment,” Brunswick Chairman and Chief Executive Officer Dustan E. McCoy said through a statement released Tuesday. “These conditions have led to the difficult decision to mothball the Riverview facility.”
A total of 14 North American Brunswick boat plants have been have closed, mothballed or sold since 2006, officials said.
Sea Ray boats have been made in Knoxville since 1959. The company was acquired by Brunswick in 1986.




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