A West End restaurant has closed its doors for now.
Al Harris
Elevator company gets acquired
Richmond-based Virginia Elevator Company was bought by one of the world’s largest elevator manufacturers.
Pipeline: Commercial Real Estate Round Up for 12.03.10
Gator Development purchased a 27,000 square foot industrial building from Sauers Properties for $450,000. Plus RF&P Federal Credit Union purchased a building on Staples Mill Road for $836,000. And Awful Arthur’s, a seafood restaurant, leased a new space.
A new president at HBAR
Next year will be better, according to the new president of the Home Building Association of Richmond.
‘We are continuing to sign leases’
A Chesterfield shopping center is adding a handful of big chains, including Dick’s Sporting Goods and 5 Below.
Broad Street demo plans on hold
It has been more than two years since the CommonGroundz coffee shop closed, and the space has sat vacant, aside from the apartments upstairs.
Pipeline: Commercial Real Estate Roundup 11.26.10
The former Emrick Chevrolet & Standard Automotive dealership site at 1801 Chamberlayne Avenue was sold for $1 mllion for a future beauty supplies store. Plus Kipling Financial Services LLC leased 3,132 square feet and Sapori Italian Restaurant leased 4,051 square feet in Festival Park in Chester.
Tech Review: Google finds its Voice
Google just keeps destroying business models. This latest one is great for Richmond businesses that want to cut their office phone bill.
More foreclosures in French’s portfolio
Another bank is foreclosing on some of developer Justin French’s property, and it could leave the tax credit investor in the lurch.
Real estate firms face state audits
The Department of Professional and Occupational Regulation started random inspections of real estate firms this month to make sure they are following guidelines — in particular whether escrow accounts containing security deposits are being handled correctly.