NewsFeeds 2.4.10

Two Henrico properties lose $145 million in value (Times-Dispatch)
The shutdown of Qimonda’s semiconductor plant in eastern Henrico last year was the biggest blow, resulting in a 78 percent drop in value for the 210-acre industrial property, from $155.5 million at the beginning of 2008 to $34.4 million on Jan. 1, 2010. The former Innsbrook headquarters of LandAmerica Financial Group, now bankrupt, has fallen in assessed value by $23.4 million, or 45 percent.

Kitty Hawk Sports, Kites fly together again on OBX (Virginian-Pilot)
The owner of Kitty Hawk Sports has sold his three retail operations to the former partner who founded the business with him more than 30 years ago. Ralph Buxton and John Harris started Kitty Hawk Kites in 1974 to offer hang-gliding equipment, outings and instruction – “to teach people to fly,” as Harris put it – as well as kites.

Retired L.A. County judge disciplined after ordering gift card payment to lawyer (LA Times)
A retired Los Angeles County judge who ordered that a lawyer be paid in $10 gift cards from a women’s fashion store as part of a legal settlement was censured Tuesday and barred from presiding over future court cases.

Turn your iPhone into a credit card terminal (Fortune)
Now, photographers, contractors, limo drivers and dog trainers — any business that operates remotely — can find a wealth of new software to process credit cards on mobile phones.

SBA-Backed Loans Are Bright Spot in Gloomy Climate (WSJ)
SBA-backed loans in the past have made up only a small portion of overall small-business loans—around 7% to 8% according to the SBA’s estimations, and as little as 1% by other counts. But thanks to stimulus-related measures, SBA loans this year could be “pushing 10% to 15%,” according to industry expert Bob Coleman, who keeps a pulse on SBA lending through his independent publication, the Coleman Report.

Two Henrico properties lose $145 million in value (Times-Dispatch)
The shutdown of Qimonda’s semiconductor plant in eastern Henrico last year was the biggest blow, resulting in a 78 percent drop in value for the 210-acre industrial property, from $155.5 million at the beginning of 2008 to $34.4 million on Jan. 1, 2010. The former Innsbrook headquarters of LandAmerica Financial Group, now bankrupt, has fallen in assessed value by $23.4 million, or 45 percent.

Kitty Hawk Sports, Kites fly together again on OBX (Virginian-Pilot)
The owner of Kitty Hawk Sports has sold his three retail operations to the former partner who founded the business with him more than 30 years ago. Ralph Buxton and John Harris started Kitty Hawk Kites in 1974 to offer hang-gliding equipment, outings and instruction – “to teach people to fly,” as Harris put it – as well as kites.

Retired L.A. County judge disciplined after ordering gift card payment to lawyer (LA Times)
A retired Los Angeles County judge who ordered that a lawyer be paid in $10 gift cards from a women’s fashion store as part of a legal settlement was censured Tuesday and barred from presiding over future court cases.

Turn your iPhone into a credit card terminal (Fortune)
Now, photographers, contractors, limo drivers and dog trainers — any business that operates remotely — can find a wealth of new software to process credit cards on mobile phones.

SBA-Backed Loans Are Bright Spot in Gloomy Climate (WSJ)
SBA-backed loans in the past have made up only a small portion of overall small-business loans—around 7% to 8% according to the SBA’s estimations, and as little as 1% by other counts. But thanks to stimulus-related measures, SBA loans this year could be “pushing 10% to 15%,” according to industry expert Bob Coleman, who keeps a pulse on SBA lending through his independent publication, the Coleman Report.

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