According to the agreement, Bank of Virginia must submit to regulators a plan that improves its loan policies, credit risk management and board oversight, among other requirements. The bank must also complete a management review and develop a strategic plan to improve the bank’s earnings and budget for 2010.
Al Harris
Flying Squirrels are clear: ‘We want a new stadium’
The Flying Squirrels, Richmond’s new AA baseball team, is spending more than it initially planned on to renovate the Diamond, but ticket and merchandise sales have beat expectations. And at a local real estate meeting, the team’s management reiterates that they want to play in a new stadium within five years.
CVS clears out for Kroger
The CVS Pharmacy at 3515 W. Cary St. is closed and clearing out to make way for an expansion of the Kroger grocery store next door. CVS is currently having a store fixture liquidation sale, where everything from chairs, shelves and lights are up for grabs. The CVS across the street next door to Ukrop’s… Read more »
Commercial broker flies solo
A Henrico-based commercial real estate firm is shedding its national brand and starting from scratch.
Monday Q&A: A new lease on business
When a business says it’s looking to the General Assembly for potential business, that usually means a piece of legislation that could give an industry a boost. But Slayton Dabney caters to the legislators themselves, finding them furnished digs in downtown Richmond while the General Assembly is in session.
The Pipeline: Commercial Real Estate Round Up for 1.15.10
CB Richard Ellis reports the following deals A-House Plaza leased 12,500 square feet at 1401 Ingram St. in Richmond Silver Eagle Marketing Co., a food equipment dealer, leased 11,115 square feet at 10430-10444 Lakeridge Pkwy. in Hanover. Computer Sciences Corporation leased 6,985 square feet at 1504 E Parham Rd. in Henrico. Thalhimer reports the following… Read more »
Monday morning soon hangover free
Throwing back scotch and waters after work can be a whole lot of fun, but not so much when you have to get up and work the next day. A solution to this age-old dilemma may soon be hitting shelves in the Richmond area. According to industry publication Drink Business Review, Richmond-based Loveland Distributing will… Read more »
Blockbusted
Another Richmond movie store goes the way of the VHS.
Fed reports a mixed bag for region
The Federal Reserve Bank released its first Beige Book report of the year, which provides an anecdotal snapshot of the area economy.
It’s a buyer’s market
One local real estate firm just purchased a competitor, hoping to dominate Prince George County and cut down on overhead for the combined firm.