Although some people might be feeling poorer and more desperate to win money, sales of scratch and lottery tickets are falling. The lackluster economy is having a mixed effect on Virginia Lottery sales. Although some people might be feeling poorer and more desperate to win money, sales of scratch and lottery tickets are falling. So… Read more »
Al Harris
Pipeline Commercial Real Estate Round Up for 12.19.08
Mygrant Glass Company, an auto glass distributor, has leased 41,500 square feet at 11730 N. Lakeridge Parkway in Ashland. Affinion Loyalty Solutions, a multinational marketing company that specializes in customer loyalty programs, has leased 57,000 square feet at 7814 Carousel Lane in Henrico County. Click the link for more deals. CB Richard Ellis reports Affinion… Read more »
Caution flag for RIR
The financial turmoil surrounding Detroit’s Big Three automakers could throw a wrench into one of the area’s biggest sports engines: Richmond International Raceway. Domestic automakers have slashed their marketing budgets, which means millions in potential losses not only for NASCAR, but also for RIR and parent company ISC Motorsports. Chevrolet, a General Motors brand, announced… Read more »
Local NASCAR expert says sport ok
Local NASCAR expert Dr. Jon Ackley said the sport will continue even if the Big Three go under, but either way major changes are on the way. Ackley is a professor of management at the VCU School of Business and teaches a Business of NASCAR class. He also helps manage a blog about the business… Read more »
Building volume, value plummet in Henrico, Chesterfield
Construction in Richmond is entering a deep chill. Building volume is down as much as 50 percent in some parts of Richmond. And the projects that are coming out of the ground appear to be smaller than in the past, according to an analysis of building permit data. But despite a steep pullback, the permitting… Read more »
‘Small businesses really drive the train,’ says mayor-elect
As Mayor-elect Dwight Jones prepares to transition from the pulpit back to public office, Richmond BizSense sat down with him to find out his plans for economic development and fostering business growth. Jones, a Philadelphia native with a deliberate delivery, is no stranger to doing business in Richmond. He chaired the downtown development group Richmond… Read more »
Surf’s up, couch style
Talk about homestyle. One social networking site is providing travelers with a free alternative to staying in a hotel. That might be why about 10,000 people a week sign up to join CouchSurfing.com. The Couch Surfing Project matches people all over the world who have an extra couch or bed with someone looking for a… Read more »
Solve the riddle: Bank, Si, Pie
What’s with the one-word names for restaurants? Mo Roman, who owns the swanky downtown eatery Bank, as well as the fan tapas joint, Si, is working on a pizza place called Pie. He has leased space in the Berry Burke building at 525 E. Grace Street, which is across the street from the Center Stage… Read more »
C’ville company debuts first feature film
Charlottesville-based production company Cavalier Films released its first feature film last month. “Familiar Strangers” was filmed at various locations in the Shenandoah Valley, and a majority of the crew came from the state. The release has been limited, playing in a handful of theaters in Virginia, Tennessee and Kansas; the film opened in Richmond last… Read more »
Pipeline: Commercial Real Estate Round Up for 12.11.08
Thalhimer reports Classic Construction Exteriors purchased a 2,500 square feet office/warehouse building in the Crossroads Business Center at 11624 Busy Street in Chesterfield from DSST Holdings for $315,000. The exterior remodeling company is moving from a smaller facility elsewhere in the county. Grubb & Ellis | Harrison & Bates reports Manakin Holdings purchased the former… Read more »