Local developer Anthony Smith takes the plunge at old downtown YMCA (Roanoke Times)
Extensive feature on a new developer in Roanoke who says his mentor was Louis Salomonsky, a Richmond developer who served jail time for bribing an official. The Roanoke native wants to invest at least $3.5 million to renovate the property into a mixed-use development with 30 to 40 luxury apartments, office space and a restaurant on the ground floor. He’s named it the W.E. Muse Station. The opportunity presents Smith, 34, with a chance to not only turn a profit and to create, but to become the latest member of an exclusive group of successful downtown developers. The city has been looking for a way to develop the prominently placed former Y site as it continues to push for improvements on the west side of downtown.
Wide-open spaces in region’s warehouses (Virginian-Pilot)
In the past year, available industrial space has steadily grown as new warehouses were built and others went vacant from business closures or downsizing. The vacancy rate for such space has risen to 7.2 percent as of March from 4.5 percent a year earlier, according to a recent report by the Norfolk office of real estate firm CB Richard Ellis. The percentage of space that’s available, which includes space offered for sublease, is nearly 10 percent, or about 9.3 million square feet.
At Meetings, It’s Mind Your BlackBerry or Mind Your Manners (NY Times)
As Web-enabled smartphones have become standard on the belts and in the totes of executives, people in meetings are increasingly caving in to temptation to check e-mail, Facebook, Twitter, even (shhh!) ESPN.com. But a spirited debate about etiquette has broken out. Traditionalists say the use of BlackBerrys and iPhones in meetings is as gauche as ordering out for pizza. Techno-evangelists insist that to ignore real-time text messages in a need-it-yesterday world is to invite peril.
Jobless MBAs Opt for Entrepreneurship (BusinessWeek)
B-school graduates are giving up on the job market and starting their own businesses instead. Funding is scarce, but schools are offering support.
Should nonprofit hospitals stop behaving like greedy corporations? (Slate)
nonprofit hospitals behave no differently from for-profit ones. And in some cases, nonprofits have been caught mistreating the poor for the sake of financial gains. One example: A nonprofit academic hospital in Connecticut aggressively pursued “deadbeat” elderly patients by placing liens on their homes. More recently, several nonprofit Chicago hospitals were reportedly transferring uninsured patients to the county emergency room. Stories like this are what sets off Grassley.
Don’t Get Stiffed (Entreprenuer)
Use these 4 simple steps to make sure you get paid.