A lawsuit filed by a former Scott & Stringfellow employee — a fellow who allegedly “mooned” his trading floor co-workers in Charlotte — was recently tossed out of U.S. District Court in Richmond. Timothy Martin was hired in 2004 at age 51 to work in the firm’s Charlotte office selling distressed CMBS loans. After a… Read more »
Al Harris
Wrecking ball takes aim at former hotel
One of Richmond’s first modernist hotels might soon be demolished to make way for a mixed-use center, including residences for adults with developmental disabilities.
Richmond: The city of new beginnings?
Richmond is a top ten city for starting over, according to BusinessWeek. The city was picked as number six, between Omaha, Nebraska and Winston-Salem, North Carolina. The rankings were based on the percentage of companies planning to hire in the third quarter, according to an April survey by Manpower. Twenty-two percent of Richmond companies are… Read more »
MeadWestvaco cutbacks have global impact
MeadWestvaco, the Richmond-based packaging company, announced Monday that it is cutting 80 jobs at its manufacturing plant in Hemer, Germany. The layoffs are part of a restructuring plan, which the company announced in January. The company plans to lay off 2,000 employees worldwide, or 10 percent of its workforce. The cost-cutting plan is expected to… Read more »
VCU retail struggles to take hold on Broad
The rapid growth of VCU attracted a number of new businesses hoping to cash in on the expanding student body. But apparently students are a fickle bunch: Several businesses around campus have shuttered their doors in recent months, including Cuppa Tea and Common Groundz.
UR appoints interim business dean
Economics professor Robert M. Schmidt will serve as interim dean of the Robins School of Business.
The Pipeline: Commercial Real Estate Round Up for 6.19.09
Legacy Title & Closing leased 2,600 square feet at 4915 Radford Avenue in Henrico. Crystal Clear Water Treatment – Richmond, Inc., a water treatment contractor, leased 4,200 square feet in Henrico.
RoomStore may go public
Richmond-based furniture company The RoomStore took steps recently that could lead to public trading of the retailer’s stock. Furniture Today magazine reported that the company filed a Form S-1 with the Securities and Exchange Commission in April and is currently in a comment and revision period with the regulatory agency. The private company is the… Read more »
Speakers:Commercial real estate far from recovering
“Commercial real estate has not begun to feel the pain,” said Panelist Bob O’Rourke, managing director of real estate for the Guardian Life Insurance Company.
Thousands of Virginians to receive free Microsoft training
At a time when more and more Virginians are looking for work, the state has partnered with Microsoft to provide free technology training to some of the unemployed.