SunTrust, a regional bank with major offices in downtown Richmond, might be an acquisition target of an international bank, according to a Credit Suisse investor report. SunTrust is the nation’s seventh largest bank by assets and deposits. From an article in the Washington Business Journal: The analyst said Winston Salem, N.C.-based BB&T Corp. is the… Read more »
Al Harris
All eyes on Massey Energy
It has not been a good week for Richmond-based Massey Energy, a company that mines coal in Virginia and West Virginia and ships coal on trains through Richmond. The company also has local legal representation. And Massey sells coal to Dominion Virginia Power for producing electricity, although the mine where an explosion this week killed 25 miners and left four missing produced a different kind of coal used in plants to smelt metals.
Big plans for vacant plant
Qimonda’s shuttered plant in Eastern Henrico will soon be humming again, only this time with data servers storing files from government and private sector clients. The new owner plans on investing between $75 million and $105 million over the next four years. Bids for construction could be going out in the third quarter.
Max & Erma’s follow up
Reynolds Development has filed a suit seeking more than $100,000 in back rent, other fees and expenses from Cornett Hospitality, according the Richmond Times-Dispatch.
Nice office; Does it come furnished?
Over the last two years office vacancy has crept up as companies have moved, downsized or closed their doors. And they often times leaving their furniture behind. That has created a nifty incentive for landlords and made life much easier for tenants who don’t want the extra hassle/headache of finding furniture and getting it into the space.
Landlord locks out restaurant owner
Employees of the Max & Erma’s restaurant at Reynolds Crossing arrived one morning to find a padlock on the door.
Monday Q&A: Keeping a foot in more than one door
Donnie Harper has two businesses, both of which have been affected by the recession – but not necessarily in a bad way.
RBS Weekly Podcast for 4.2.2010
Here it is, the RBS Weekly Podcast for 4.2.2010 where we talk about the most interesting stories of the week. This is a work in progress and this podcast may change as we work out the kinks. Please send any suggestions to [email protected]. [audio:/wp-content/uploads/images/bizsense_podcast_4-2-10.mp3|titles=RBS Weekly Podcast for 4.2.2010]
Flying Squirrels get local investor
After six months and $2 million, the Diamond is finally ready for the Richmond Flying Squirrels. And the team has a local investor.
The Pipeline: Commercial real estate roundup for 4.2.10
Franklin Development Group purchased the 282,000-square-foot former Brown & Williamson industrial facility in Petersburg for $3.5 million. The Community Group leased 13,521 square feet at 3901 Westerre Parkway in Henrico.