News

Foreclosures 5.11.10

More homes with original loan values greater than $300,000 are appearing on the list lately, including a handful in Glen Allen this week.

Building on baby boomers’ demands

After chatting for just a few weeks, a locally-based homebuilder that specializes in planned communities for senior citizens is merging with one of the most active local builders.

Monday Q&A: ‘We get distressed projects completed’

Two veteran homebuilders/business partners are wearing new hats these days, running a multimillion-dollar fund that works with banks on stalled real estate projects. The key is their finance guy, who figured out how to provide capital to finish the projects.

Company gets lift from high-flying kayak event

As far as extreme sports go, kayakers usually leave the big air tricks to their snow boarding and mountain biking brethren. But a Hanover-based event company wants to change that and help invent a new kind of spectator sport for an upcoming extreme sports festival in downtown Richmond.

You go, girl

Two newly acquainted entrepreneurs want to start putting their insights on video blog posts as a way to help other female entrepreneurs, and they’ve opted for a very informal, stream-of-consciousness style.

The Pipeline: Commercial Real Estate Round Up for 5.7.10

SNL Financial leased 6,235 square feet in East Shore III at 140 East Shore Drive in Henrico.Franklin Goose, LLC leased 2,500 square feet at 3401-3403 W. Cary Street in Richmond. Cantor, Stoneburner, Ford Grana, and Buckner leased 7,319 square feet at 7130 Glen Forest Dr. in Henrico.

Guest Opinion: How bankers see things

“Banks today are subject to more that 1,700 pages of consumer regulation. Most customers are familiar or come in contact with many of these laws that over time have increased the amount of paperwork they must complete to open an account or obtain a loan. To be sure, it is important to have a system of oversight to govern the actions of financial institutions, but we need to think carefully about how much we burden banks,” writes Union First Market Bank CEO Billy Beale in this week’s Guest Opinion.

Do some leases come with a curse clause?

You know where they are. You’ve probably even predicted that the next tenant will not last more than eight months. A year, max. Because despite the entrepreneur’s bravery, he has leased a Cursed Location. Check out 13 cursed locations we’ve identified in the slideshow.