The Boston Globe has a very helpful and slick multimedia slideshow about how Circuit City’s closure is affecting the regional economy up there. Restaurants in the neighborhood of closed Circuit City stores reckon they will lose around $50 a day. Several media outlets are owed thousands for advertising (including $65,000 at the Providence Journal) and… Read more »
Aaron Kremer
NewsFeeds 3.4.09
Henrico slashes construction plans (Times-Dispatch) Henrico County is slashing its construction plans for next year by nearly 90 percent because of worries about the recession. Hungry contractors are cutting bids to the bone as interest rates have tumbled and building looks easy to afford, but — like many ordinary consumers — county officials are loath… Read more »
Circuit City’s HQ Liquidation: The Sequel
The bargain hunters are back at Circuit City’s Western Henrico headquarters. The electronics store’s Deep Run III building was opened Tuesday to shoppers. But unlike the sale that ended at Deep Run II, this one is going to take longer – until April – and prices are not negotiable yet.
Inside the liquidation of Circuit City’s HQ
Pharmaceutical firm sold for $5 million
A small pharmaceutical company with deep roots in Richmond has been acquired by a New York firm. After a spending a year searching for the right suitor, ECR Pharmaceuticals was bought by Hi-Tech Pharmacal Co. for $5.1 million in cash. ECR’s 60 employees have the option of staying on, said Davis Caskey, one of the… Read more »
NewsFeeds 3.3.09
In the rough at Virgina Golf Courses (Virginia Business) Virginia golf courses still are busy on weekends, but it is increasingly easy to get a weekday tee time. Sobered by the recession, fewer golfers are playing these days. If that trend holds, they will have fewer courses to choose from next year. Contractor pulls out… Read more »
Movieland: one-hit wonder or solid long-term business?
The developers of Movieland may be on to something. The theater opened on Friday to what looked like a huge crowd. When I drove by Friday at 6:45 p.m., the parking lot was packed. (To see a video tour of the inside, click here ) That’s encouraging, but not surprising. Movieland spent heavily on advertising,… Read more »
NewsFeeds 3.2.09
Westchester Commons’ opening marks transition from rural to urban (Times-Dispatch) Westchester Commons is the retail component of the Watkins Centre development at state Route 288 and Midlothian Turnpike in Chesterfield County. In the next year, construction is expected to begin on the Village of Westchester, a 1,500-residential-unit development on an adjacent 280 acres. The first… Read more »
Office Sense: Martinair
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Robins School steams ahead in BusinessWeek rankings
The University of Richmond’s Robins School of Business moved up eight slots to No. 12 on BusinessWeek’s list of top undergraduate business schools.