Ever since the residential real estate bubble popped, investors, owners and lenders have been waiting for commercial real estate loans to cause chaos to the financial markets. Real estate investors and firms that service bad loans are still licking their chops, according to two industry insiders at an Urban Land Institute luncheon Tuesday. The duo offered their insights on what they see happening over the next year and a half.
Al Harris
SNL Financial leases space at Innsbrook
Charlottesville-based SNL Financial is opening an office in Richmond.
2010 a good year for wine (bars)
A handful of new wine bars are popping the corks – or will be soon.
Company gets lift from high-flying kayak event
As far as extreme sports go, kayakers usually leave the big air tricks to their snow boarding and mountain biking brethren. But a Hanover-based event company wants to change that and help invent a new kind of spectator sport for an upcoming extreme sports festival in downtown Richmond.
The Pipeline: Commercial Real Estate Round Up for 5.7.10
SNL Financial leased 6,235 square feet in East Shore III at 140 East Shore Drive in Henrico.Franklin Goose, LLC leased 2,500 square feet at 3401-3403 W. Cary Street in Richmond. Cantor, Stoneburner, Ford Grana, and Buckner leased 7,319 square feet at 7130 Glen Forest Dr. in Henrico.
Do some leases come with a curse clause?
You know where they are. You’ve probably even predicted that the next tenant will not last more than eight months. A year, max. Because despite the entrepreneur’s bravery, he has leased a Cursed Location. Check out 13 cursed locations we’ve identified in the slideshow.
Richmond get some hot exposure
The signature dish from Caliente in the Museum District just got exposed to the country last night on a segment on ABC Nightline and it’s entertaining. Caliente’s wings are so hot, you have got to be stupid to eat them — that is why they’re called “Stupid Wings.” The restaurant even makes you sign a waiver to eat them.
Health monitoring company is well aware of Richmond’s benefits
A Charlottesville health monitoring startup has moved to Innsbrook to be closer to Richmond’s airport and to tap a larger pool of employees.
Movie Gallery’s closing act
Movie Gallery, the country’s second largest video rental chain, is shutting down all of its stores, including those under the Hollywood Video brand.
Willow Lawn goes back to the future
Willow Lawn, one of the area’s first malls, will be going back to the sort of in-line retail concept that was popular before enclosed malls became all the rage.