Dominion natural-gas plant 70 percent complete (Times-Dispatch) A natural gas-powered plant, Bear Garden is expected to be in operation by the spring. About 700 people now work in construction at the 35-acre site. Relocating in a down economy made sense to businesses (Virginian-Pilot) Why would a shop owner want to move, with the economy in… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
The Herd: New hires and promotions for 7.7.10
Lots of action in the investment banking, marketing and banking circles.
NewsFeeds 7.7.10
SRMC names Michael J. Yungmann as new CEO (Progress-Index) Southside Regional Medical Center has announced the appointment of a new chief executive officer. Michael J. Yungmann will take over the spot on July 26. The position was held for nearly seven years by David Fikse, who’s last day was June 25. Ford razes buildings at… Read more »
They don’t make em like they used to
Last summer BizSense took a tour of the closed Central National Bank. The stunning Art Deco building is owned by a D.C. developer. Why hasn’t this building been renovated and occupied?
Foreclosures 7.6.10
For the first time since we started keeping tabs in January, several properties are on the list from the Museum District and Near-West-End (close to Willow Lawn) plus two on Seminary Ave.
NewsFeeds 7.6.10
Shipyard plans to hire 1,000, invest $200M to double sub production (Daily Press) Northrop Grumman Corp. plans to increase the number of workers on its submarine-building program by up to 1,000 and invest more than $200 million in facility improvements to prepare for building two subs per year starting in 2011. Norfolk losing millions on… Read more »
The Docket, Circuit Court Roundup for 7.5.10
Three plaintiffs this week had “incidents” involving falls. One claims a Costco employee accidentally rammed her with a cart. Plus construction companies claim unpaid bills, other business conflicts.
NewsFeeds 7.5.10
Hampton Roads Bankshares lines up $255M in new capital (Virginian-Pilot) Hampton Roads Bankshares Inc. said Thursday that it lined up investors for an additional $110 million of capital as part of a plan for shoring up its crippled balance sheet. The Norfolk-based parent of Bank of Hampton Roads, Shore Bank and Gateway Bank & Trust… Read more »
NewsFeeds 7.2.10
Community-supported farm proving unable to produce (Roanoke Times) A Charlotte County farm that sold shares in its produce harvest is leaving a lot of prepaid customers empty-handed in Southwest and central Virginia. U.S. housing market remains fragile despite low mortgage rates (Washington Post) After showing signs of a fledgling recovery from the worst downturn in… Read more »
Carytown’s fourth grocery store?
Maryland Financial Realty has a contract to buy this Verizon-owned office building in Carytown, according to the Richmond Times-Dispatch. The out of town developer is seeking to turn the property into retail space, possibly with a specialty grocery store tenant. The building was built in 1955, and the developers are also seeking to build on… Read more »