Short sales way up due to realty woes (Virginia Gazette) While the real estate slump never hit greater Williamsburg as hard as it did elsewhere, it has nonetheless led to an unusual number of foreclosures and a related phenomenon. Reeling in sales: secretive Salem warehouse boosts Netflix’s Roanoke Valley business (Roanoke Times) Netflix’s mail volume… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
Monday Q&A: Hate BP, buy a scooter?
Other than walking or riding a bike, riding a scooter may be the most fuel efficient way to commute around town. For Scoot Richmond, a scooter retailer in the Manchester section of Richmond, boomed 2008 when gas prices spiked. But then sales shrank. This week RBS chats with entrepreneur Chelsea Lahmers, who started the local scooter shop, about how to create new demand and capitalize on anti-BP feelings.
The Docket: Circuit Court Roundup for 6.14.10
A building owner wants money back from a renovation job it says was poorly done, and a local community bank wants $30,000 from a loan it made lent to a small business. Plus, an engineering firm wants $40,000 for work it says it performed and wasn’t paid for from a big developer.
Pub owners love the World Cup
Who said American’s don’t love soccer football? Lot’s of pubs around town will be packing in afternoon crowds over the next week as teams advance through the World Cup. This was the scene today at Penny Lane pub as Mexico and South Africa finished their game in a 1-1 tie.
BP leak a disaster for local station owners
A tiny protest at a BP station in the Fan drew the attention of a National Public Radio correspondent, who dug into the story and found that the station’s entrepreneurial owners had several pre-existing frustrations with BP.
NewsFeeds 6.11.10
With healthcare reform looming, nHealth was losing millions (BizSense) The financial records of nHealth, the Richmond-based startup health insurer that said last week it was shutting down as a result of federal healthcare reform, show it was losing millions in its first year and a half of existence. New home for economic development in Hanover… Read more »
Business Licenses 6.10.10
Best names this week: Verry Berry Corp of Virginia. Recess Amusements, LLC.
NewsFeeds 6.10.10
BioTaxi Brothers Use Dad’s Grease to Fuel Business (Style Weekly) The brothers grew up flipping burgers in their dad’s Richmond Wendy’s franchises where the aroma from greasy burgers and frying potatoes wafted through the kitchen. They plan to launch their own business this week, driving a cab that runs on biodiesel made from spent grease… Read more »
Prospect finalizes liquidation plan
A year after one of Richmond’s biggest homebuilders filed for Chapter 11 Bankruptcy protection, most of its property has returned to the lenders, and the company has a final plan to finish liquidating. And now unsecured creditors know what they will be getting.
The Herd: Departures, new hires and promotions for 6.9.10
One lawyer leaves a big firm to set out on his own, while another leaves a big firm for another big firm. Plus new hires in investment banking and real estate, and a departure in marketing.