News

The lonesome Toad’s Place blues

Like the main character in a country music song, Toad’s Place just got the boot from its landlord. It’s not clear exactly how much back rent the Shockoe Slip venue owes, but it typically takes at least three or four months of missed rent before a commercial property owner evicts a tenant. Sources familiar with… Read more »

Survey says companies are cutting pay

This may not be the year to ask for a raise. More than 62 percent of companies in Richmond have reduced staff costs in response to the economic downturn, according to a recent survey.

Fee dispute at West Broad Village resolved

West Broad Village developer Unicorp and Henrico County officials have reached a resolution to their dispute about the cost of water and sewer connections at the development.

Car-title lenders dodge regulations

The General Assembly continued to tighten the reins on payday lenders this session, while car-title lenders eluded all legislative efforts to regulate their industry.

On Your Right, Foreclosure No. 3

For four weeks now, Brick Smith has been driving investors or other bargain-hunters to look at foreclosed homes. It’s a new niche for the 25-year veteran Realtor. On a cold Saturday last month, Brick had an investor in his 30s sitting shotgun in his Lincoln. This particular investor, who did not give Richmond BizSense permission… Read more »

The Monday Q&A: Why a new insurance company chose Richmond

Wales-based auto insurer Admiral announced last week that it was locating its U.S. headquarters in Richmond. The company was founded in 1993 and is third largest insurer in the United Kingdom. Andrew Rose, president and chief executive of Admiral Americas, is a Virginia Tech engineering graduate. Several years ago, he got married and made his… Read more »

Cleaning up in foreclosures’ wake

Matt Paxton parks his logo-wrapped Saturn Vue in front of a vinyl-sided home in Hanover County. No one lives here any more. All that’s left is a backyard play gym and an overturned Fisher-Price basketball hoop. As the founder and owner of Clutter Cleaners, Paxton has found a niche inspecting and cleaning homes as they… Read more »

Guest Opinion: Is that a martini in that Facebook photo?

The views expressed in Guest Opinions represent only those of the author and are in no way endorsed by Richmond BizSense or any BizSense staff member. It’s the classic post-college job hunting question: If you’re applying for a gig and you happen to have a few public Facebook photos of yourself sipping on a jigger… Read more »

So … about that invoice …

Richmond businesses are taking longer to pay each other’s invoices, and the problem is getting worse. About 85 percent of businesses in a Richmond BizSense survey said that at least one client is paying slower than the stated terms. And once one starts paying slowly, money can get tighter all the way down the food… Read more »

100-proof doesn’t mean recession-proof

The state-run business of selling liquor is showing signs of a hangover. Sales to bars and restaurants for January were down 3 percent compared with the previous year. For the fiscal year that began in July, year-to-date sales at Virginia ABC stores were still up 6.3 percent from the previous year. But the size of… Read more »