BizSense Pro

“Sweepstakes” businesses gamble on Richmond

The state lottery isn’t the only game in town for gamblers. At least until local police departments find a way to shut down the increasingly controversial industry of Internet sweepstakes cafes that are looking to expand here.

Pipeline: Commerical Real Estate Round Up 9.24.10

Virginia Commercial Finance leased 4,200 square feet at Highwoods’ Innsbrook Centre building in Henrico, while Bon Secours leased more than 100,000 sf in Henrico.

What happened to severance pay?

After paying bonuses to management even as the bank hemorrhaged millions in 2009, a Glenn-Allen based bank is now cutting two managers and paying them no severance package.

Pipeline: Commercial Real Estate Round Up for 9.17.10

Bell Techlogix, Inc. leased 6,681 square feet at 2812 Emerywood Pkwy in Henrico County while the Virginia Tobacco Indemnification and Community Revitalization Commission leased 4,119 sq.ft. downtown. Plus a million dollar sale.

The Docket: Circuit Court Roundup for 9.13.10

A meaty Docket this week. A builder is trying to collect from a restaurant and a customer is suing Kings Dominion for a supposed injury on a roller coaster. And some neighbors are fed up with a load swimming pool next door. Plus some action with law firms themselves this week: One firm is trying to collect a $30,000 build and more unusual, a client is suing his former law firm.

Investor finds coal in his stocking, not in his portfolio

It didn’t take a local ophthalmologist long to start second-guessing his $800,000 investment in a fledgling Appalachian coal mining operation. And now he has filed a lawsuit to try and recover his money.

Bank’s troubles haunt new owner

Why regulators won’t let a profitable, well-capitalized bank holding company throw its shareholders a bone.

REIT hungry for more deals

A Richmond-based real estate fund has gone on a buying binge lately and wants to raise another $2 billion to keep gobbling up more property.