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Hotel Chain with 5 RIC locations in trouble

Hotel Chain with 5 RIC locations in trouble

Richmond BizSense December 16, 2008 0

The Wall Street Journal reported this morning that Extended Stay Hotels, Inc. is in early talks that could result in turning the hotel chain over to lenders. The hotels are geared towards business travelers

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‘Small businesses really drive the train,’ says mayor-elect

‘Small businesses really drive the train,’ says mayor-elect

Al Harris December 16, 2008 0

As Mayor-elect Dwight Jones prepares to transition from the pulpit back to public office, Richmond BizSense sat down with him to find out his plans for economic development and fostering business growth. Jones, a

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Auto bailout’s local fallout

Auto bailout’s local fallout

Richmond BizSense December 16, 2008 0

It looks like Detroit’s carmakers will get their bailout. That’s good news for the 60 new car dealerships in the metro Richmond market, which employ about 3,500 workers, according to the Virginia Automobile Dealers

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Surf’s up, couch style

Surf’s up, couch style

Al Harris December 16, 2008 1

Talk about homestyle. One social networking site is providing travelers with a free alternative to staying in a hotel. That might be why about 10,000 people a week sign up to join CouchSurfing.com. The

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Solve the riddle: Bank, Si, Pie

Solve the riddle: Bank, Si, Pie

Al Harris December 15, 2008 0

What’s with the one-word names for restaurants? Mo Roman, who owns the swanky downtown eatery Bank, as well as the fan tapas joint, Si, is working on a pizza place called Pie. He has

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Pipeline: Commercial Real Estate Round Up for 12.11.08

Pipeline: Commercial Real Estate Round Up for 12.11.08

Al Harris December 12, 2008 0

Thalhimer reports Classic Construction Exteriors purchased a 2,500 square feet office/warehouse building in the Crossroads Business Center at 11624 Busy Street in Chesterfield from DSST Holdings for $315,000. The exterior remodeling company is moving

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Jewelry industry analyst blasts media negativity

Jewelry industry analyst blasts media negativity

Al Harris December 11, 2008 0

A Glen Allen jewelry analyst says the economy is not nearly as bad as media have made it out to be. “One or two bad months of jewelry sales and change in the financial

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Anderson Strudwick in merger negotiations

Anderson Strudwick in merger negotiations

Richmond BizSense December 11, 2008 0

Richmond-based investment bank/brokerage Anderson Strudwick is in merger negotiations with Wunderlich Securities, a Tennessee investment bank/brokerage. Representatives from Wunderlich will be in Richmond today to present the deal to the company, according to a

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Richmond Paperboard mill to Close

Richmond Paperboard mill to Close

Aaron Kremer December 11, 2008 0

Paperboard producer Caraustar Industries Inc. has announced that it will close its Richmond mill at 17 East 2nd Street. In a statement, the Atlanta-based company said, “Recession and declines in product demand necessitate that

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Shopping malls facing first-quarter fears

Shopping malls facing first-quarter fears

Al Harris December 8, 2008 0

Richmond area shopping malls are holding steady, but trouble might be on the way as major retailers plan to close stores. A BizSense study found that the combined storefront vacancy of six area malls

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