Advantis turnover intrigues industry (Inside Business)
Seven veteran brokers have departed Advantis Real Estate Services for competitors in Hampton Roads in less than six months, possibly signaling present and future changes for the firm.
Local Office Vacancies Soar, Driving Down Rent (Washington Post)
The office vacancy rates in the District, Northern Virginia and suburban Maryland rose substantially in the second quarter, forcing building owners to push down rents to fill empty space, according to an analysis released yesterday.
Midsize Law Firms Pick Up Clients as Companies Turn From Pricey Giants (WSJ)
To cut costs during the recession, U.S. businesses increasingly are handing work to less expensive small and midsize firms, typically those with fewer than 200 attorneys. And while their larger counterparts are laying off lawyers, some smaller firms are hiring attorneys to keep up with new business.
Venture Capitalists Look for a Return to the A B C’s (NY Times)
Many in the industry predict that a third to a half of the 882 active venture capital firms could disappear, if only because poor returns will force underperforming firms to shut down. It is already happening: Investment in venture capital funds shrank to $4.3 billion in the first quarter, from $7.1 billion in the same quarter a year ago.
On your feet … flying at 30,000 feet (USA Today)
The next time someone jokes about planes being so full that airlines will start selling standing-room tickets, don’t laugh. At least two carriers, one in Europe and one in Asia, are seriously considering it.
How Healthy is Your Office? (Inc.)
Are you a health-savvy boss or should your employees audition for the next Fast Food Nation documentary? Take Inc.’s quiz for a good indication.
The ABCs of Raising Money (Slate)
This is one of the best, an most concise pieces I’ve read on the challenge and options of raising money. Most smart entrepreneurs can spin a story about scalability, but I’d think twice before going down this road. Conquering the world is a tough business, and once you raise money on that promise, you no longer have the choice of remaining more modest in your ambitions (and maybe more realistic about your company’s potential).