News

Troubled awning firm files for bankruptcy

An awning company that’s been around for more than 100 years and recently took deposits for work it never finished has filed for bankruptcy. Some clients and vendors will have to watch the process to see whether they will get their money back.

LandAmerica creditors miffed by new Fed hire

The former general counsel at LandAmerica has taken a job as a vice president and general counsel at the Federal Reserve Bank of Richmond, upsetting some of the creditors owed money by her bankrupt former employer. A group of creditors says she knew the company could not return money, alleging what amounted to a Ponzi scheme.

Downtown plan poses hurdle for Echo Harbour

On Monday, the Richmond City Council unanimously approved final amendments to the downtown master plan, with language that works against the developers of a $160 million proposed mixed-use project on the riverfront.

Is Richmond really one of the hardest places to start a business?

Sometimes there is a shred of truth to an urban legend, or at least the ring of plausibility. And there’s one urban legend that courses through the local business community, and especially in the small business and start-up world: Richmond is one of the hardest places to start a business. Perhaps you’ve heard another iteration: If you can make a business work in Richmond, it can work anywhere.

How about we share?

Some self-employed business owners are setting up office-shares to defray costs and to have warm bodies around to bounce around ideas. And three local entrepreneurs think they have a better alternative to the growing throngs of self-employed Richmonders who use Starbucks and Panera as their de facto offices.

Monday Q&A : So is high-speed rail for real?

High-Speed rail in Richmond could make D.C. an easy 1.5 hour trip. But it will take billions in federal funds. The proposal has strong backing from the local business community; BizSense sat down with Whitt Clement to see what all the hype is about.

The Pipeline: Commercial Real Estate Round Up for 7.24.09

CB Richard Ellis reports the following transactions: Briefings Media Group, LLC, a publishing company,  leased 8,300 square feet at 2807 N. Parham Road in Henrico. CSX Transportation leased 6,200 square feet at 1610 Forest Ave in Henrico. Taylor Long Properties reports the following transactions: Curves for Women, a health club,  leased 2,000 square feet at… Read more »

Rules changing for the money management game

Customers across the board expect lower prices, and in the wealth management game, that means lower fees. On the plus side, many of the smaller firms in town say they are successfully luring away clients who formerly worked with larger financial advisors.