What was once a side business for a small website development firm has grown from a plucky aggregator to a network of news sites with more than 10 local advertisers. Pharr Out has hired a full-time ad sales person and owner Ross Catrow said it may even be time to add a full-time reporter.
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
NewsFeeds 4.6.09
Bank takes back King William housing project (Times-Dispatch) Like a lot of developers, Ingalls borrowed to finance work on the King William project, which was to start with a 55 lot subdivision called Marle Hill Section IV before moving onto two other phases, called Liberty and West Liberty. And, like a lot of developers, he… Read more »
NewsFeeds 4.3.09
S-A-T-I-R-E Agee’s Bicycle Jingle Added To Local Man’s iPod Playlist (Tobacco Avenue) Agee’s, a nearly 100-year-old Richmond institution with three locations in the greater metropolitan area, has run television and radio spots with the same jingle since 1987. CarMax 4Q profit rises on lower expenses (AP) CarMax Inc. said Thursday its fourth-quarter profit jumped 72… Read more »
Large round of layoffs at the T-D
The Times-Dispatch told 28 editorial staffers and31 non-newsroom employees Thursday that they were no longer needed and could leave immediately. Several of the laid-off workers had decades of experience, which likely means their salaries were higher than the younger reporters and might be one reason they were cut.
The Pipeline: Commercial Real Estate Round up for 4.3.09
Q-T Realty LLC purchased the 18,000 square foot flex building at 10520 Lakeridge Parkway in Ashland for $1.2 million from sellers Frederick and Margaret Reames. The buyer does business at Milos America, Inc, a manufacturer of aluminum trusses.
NewsFeeds 4.2.09
Star hitches its wagon to patent case (Times-Dispatch) The Petersburg-based tobacco company has been losing money for years as it pushes its vision of safer tobacco. But it has pulled in nearly $100 million from investors, including some professional fund managers who specialize in small, thinly traded stocks, during the past five years on a… Read more »
Hotel John Marshall to become department store
SATIRE: The owner of the Hotel John Marshall has a new plan to transform the once grand hotel into a department store that will carry everything from hot tubs to tube tops.
NewsFeeds 4.1.09
Dominion power proposes boosting its rates in Virginia (Virginian-Pilot) The changes, which would roll out over 10 months starting in July, would mean a 6.9 percent increase in bills for a residential customer using 1,000 kilowatt hours of electricity per month. Book binding manufacturer to lay off 79 NN workers (Daily Press) Muller Martini Manufacturing… Read more »
First Market Bank bought by Union Bankshares
Richmond-based First Market Bank was acquired by Union Bankshares Corp. in an all-stock deal valued at about $100 million. The new holding company will move its headquarters from Bowling Green to Richmond, although that will only bring a few jobs downtown.
Biotech center raises funds for foreign investment
A private-investment fund being raised for the Virginia BioTechnology Research Park will provide support to international companies that want to add their presence to the research center.