The state lottery isn’t the only game in town for gamblers. At least until local police departments find a way to shut down the increasingly controversial industry of Internet sweepstakes cafes that are looking to expand here.
Brian Glass
Do some leases come with a curse clause?
You know where they are. You’ve probably even predicted that the next tenant will not last more than eight months. A year, max. Because despite the entrepreneur’s bravery, he has leased a Cursed Location. Check out 13 cursed locations we’ve identified in the slideshow.
Commercial sales activity slips into hibernation
Who will budge first? Buyers and sellers of commercial real estate are locked in a game of chicken. But someone is going to have to budge, or deal volume will remain dreadfully low. And with commercial loans coming due and other commercial real estate investment groups needing to raise cash, some experts hint that it… Read more »
Shopping malls facing first-quarter fears
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 is 9.6 percent. Brian Glass, commercial retail broker for Grubb & Ellis | Harrison & Bates, said the percentage of empty… Read more »
Is the ‘Curse of Diamond Duck’ over before it took hold?
Richmond might some day lament the day Diamond Duck left for Atlanta, ushering in an era without baseball. A new stadium would probably cure any budding curse before it becomes debilitating. (Read: Curse of the Bambino) Developer Highwoods Properties and their team have until March 1 to submit a letter of intent and outline their… Read more »