Vacancy for retail space in Richmond rose to almost 7 percent at the end of the second quarter. And that could mean banks might soon start taking back some retail properties if tenants don’t start signing leases soon. Meanwhile tenants who do sign leases are getting bigger discounts than six months ago.
In September, the business school at the University of Richmond is hosting Live Fire, where businesses can give a 15-minute pitch to a panel of angel investors. There is no money on the line, but entrepreneurs can gain valuable pitching skills and make new contacts.
We all know people who see the glass as half-empty and others who see it as half-full. Business owners and financial officers looking for funding seem to fall into the first category, while bankers and other lenders have the latter view. But they agree on one thing: No one is happy.
Pilc and Moseley, LLC, public accountants, leased 3,000 square feet at 7400 Beaufont Springs Parkway in Richmond.Richmond International Forest Products, Inc., a lumber distribution company, leased 7,300 square feet at 4050 Innslake Drive in Henrico.
A group of veteran sports writers have launched a subscription-based website covering Virginia colleges. Mike Harris, who had been working at VCU after leaving the Times-Dispatch, is at the helm of the self-funded project.
Conceptual images of the Chesterfield Center for the Arts were unveiled this week. The center will be built in Chester, but not for at least another year, when the county can sell bonds.
Best new names this week, “Aroundtuit Home Repair,” “Scentalating Blendz” and “One Touch of Paradise INC”
The mood at the annual Retail Merchant’s Expo was upbeat Tuesday. And the vendors, who sell their wares and services to retailers, almost unanimously agreed that to stay in business these days, companies have to be more aggressive in finding sales leads.
One awning company thinks a competitor snuck into the Richmond market illegitimately and now has a list of customers and leads that don’t belong to it.
The Richmond Volleyball Club last week purchased the 73,500-square-foot former Brown Distributing facility in Henrico for $2.4 million.