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Al Harris
The Pipeline: Commercial Real Estate Round Up for 4.23.10
Smurfit-Stone Container Enterprises Inc. purchased the 315,696 square foot industrial building at 5710 S. Laburnum Avenue in Richmond from Stanley Works Inc for $6.08 million.
And the award for best commercial real estate project goes to
The commercial real estate market has slowed down over the last couple of years, but that didn’t stop hundred of professionals from gathering last night to celebrate the best new projects in the Richmond at the annual GRACRE awards.
Solar contractor expands his orbit
One of Richmond’s solar contractors has started a firm that he hopes can better compete for work across the Mid-Atlantic region, and another local builder is investing in the company.
Demand for construction begins to rebuild
Residential and commercial construction in Henrico and Chesterfield counties has rebounded from the nadir of 2009 but has not come close to regaining the steam of the go-go years, according to a BizSense analysis of building permit data.
VDOT to be audited
Gov. Bob McDonnell announces a series of private and public audits of the Virginia Department of Transportation aimed at improving performance and efficiency, and one local firm will handle some of the work.
M&T doubles profit
A recent addition to the Richmond banking scene, Buffalo-based M&T Bank, doubled its first quarter profit from the previous year. The bank said it earned $151 million during the first quarter, up 136 percent from $64 million. Last year the bank acquired Baltimore-based Provident Bank, which had several branches in the Richmond area. According to… Read more »
Monday Q&A: Surveying the economic landscape
“It is a boatload easier [to start a company] when your firm closes its office and still wants to work with you and when they terminate their contracts and tell the clients to work with us,” says a local engineer who started his own shop this month.
RBS Weekly Podcast for 4.16.2010
Get out those ear buds, the RBS Weekly podcast is up. This week we took a look at a few news items from the world of marketing and two lists of local businesses: one naughty and one nice. We also take a look at the new Martin’s grocery stores. This is a new offering from… Read more »
Trash-to-electricity project starting in Henrico
“We are going to take that energy currently being wasted and transform that into renewable electric power to put on the local grid,” said Alan Petersen, the VP of development for a Henrico-based power company.