Toxic loans saddle banks with non-performing assets (Virginian-Pilot) A handful of other local community banks have reported mounting financial pressure from nonperforming assets in recent months. Hampton Roads Bankshares is promoting an array of bank-owned properties via the Internet in an effort to slash its nonperforming assets. A website linked to its bank subsidiaries describes… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
Shockoe lunch spot closes
The Southern Railway diner on 14th Street is closed. A sign on the door lists the number for the commercial real estate firm CBRE, which would suggest the restaurant fell behind on rent.
NewsFeeds 4.30.10
S-A-T-I-R-E Local Stoner Has Some Great Ideas For Cleaning Up Broad Street (Tobacco Avenue) Warning: Post is very funny but has foul language and drug references. Richmond marijuana smoker and part-time would-be urban planner Ryan Pervue told reporters today that he had some seriously good ideas for returning Broad Street to its former glory and… Read more »
Bankruptcy court approves bidding procedures
The sale of the Federal Club, a distressed country club and several dozen home lots in Hanover Country, will proceed with the biggest debtor as the stalking horse bid.
NewsFeeds 4.29.10
Top Lawyer Arrested for Soliciting Prostitute (Style Weekly) A lawyer who’s appeared in a television commercial for the high-profile personal injury law firm of Allen, Allen, Allen & Allen was arrested last month on charges of soliciting a prostitute. Chesterfield board corrects zoning loophole (Times-Dispatch) The board re-established the 5-acre minimum, but not before agricultural… Read more »
Business Licenses 4.29.10
Best new names this week: Facial Xpressions and MR Bail’s Bonding Service.
Local gas station
A gas station on Midlothian Turnpike in Richmond sells gas and used cars. You don’t see that combo often.
Bank will become stalking horse bidder
There’s been a lot of negotiations and a lot of paperwork, but signed deal to start the bidding process for the Federal Club has proven as elusive as a hole-in-one.
The Herd: Hires, promotions and departures for 4.28.10
A fat Herd this week with two departures – an executive at a local insurance firm and a lobbyist at the Chamber – and hires in law, investment banking and commercial real estate. Plus a Marine who enlisted on Sept. 12, 2001, is the new headmaster at a private school.
NewsFeeds 4.29.10
Off-track betting center opening at Innsbrook (Times-Dispatch) An off-track betting center opens today at Finn McCools Irish Pub, the ninth such center in the state, the third in the Richmond area, and the first at an established restaurant. Tower ride powers Busch (Virginia Gazette) Busch Gardens plans to build a 26-story “tower” coaster that will… Read more »