Minor bought the farm. Again. (Virginia Gazette)
Halsey Minor, the Internet mogul who purchased Carter’s Grove Plantation in 2007, had to re-buy the Albermarle farm to settle the foreclosure of a second lien on more than 200 acres, valued at $3.9 million. His winning bid was $1.39 million. He also owns Carter’s Grove in Williamsburg.
Local printing plant shutting down (Daily Progress)
The former LexisNexis printing plant on Carlton Avenue is shutting its doors, putting 61 employees out of work, according to a corporate filing with the Virginia Employment Commission.
Office vacancies finally shrinking in D.C. area (Washington Post)
For the first time in a year, the amount of office space leased in the Washington area is increasing instead of decreasing, according to an analysis released Monday, a harbinger to some commercial real estate experts that recovery is on its way.
Tiger in the Rough (Vanity Fair)
Editor’s Pick. You really must read this one. When Tiger Woods finally fell from his pedestal—the car crash, the angry wife, the tales of kinky extramarital sex, the link to a controversial sports doctor—it was one of the greatest recorded drops in popularity of any nonpolitical figure. Given Woods’s impenetrable mask of perfection, and the hints of trouble from one strange glimpse behind it, the revelations were inevitable and very, very costly. Annie Leibovitz catches the icon, pre-scandal, in prophetic isolation, while the author finds the clues in the wreckage.
Slowing Pace of Home Sales Raises Fears of New Retreat (NY Times)
The number of houses placed under contract fell sharply in November in the first drop in nearly a year, figures released Tuesday show. It was the clearest sign yet that predictions of another downturn in real estate may become a reality.
Google launches its own smartphone to take on Apple (USA Today)
Taking direct aim at Apple’s iPhone, Google on Tuesday introduced its most advanced phone to date — the Nexus One — and opened an online store to sell it directly to consumers.
Mixing Art With Commerce (Entrepreneur)
Poster art is expanding beyond concert promotion into small-business arenas as companies break away from conventional marketing.