News

The Pipeline: Commercial Real Estate Round Up for 2.27.09

Thalhimer reports Trustworth Properties LLC purchased the 10-unit apartment building at 12 E. Main St. in Richmond for $1 million from Main Street Investments LLC. AECOM Technology Corporation, a multinational environmental consulting firm,  has leased 85,000 square feet at 4840 Cox Road in Henrico. Virginia Schools of Technology leased 31,500 square feet at 2000 Westmoreland… Read more »

New businesses, where art thou?

Businesses usually sprout during recessions – when laid-off workers give entrepreneurship serious thought – but the volume of new businesses in Richmond seems to be declining. Richmond has issued 111 business licenses this year, a 29 percent drop from the first six weeks of 2008, when the city issued 157 licenses. Entrepreneurs are opening the… Read more »

Light shines on DIY solar startup

It’s Mark Smith’s time to bask in the sunshine. Smith, a Boston native, left his job as an engineer at Qimonda in 2004. In 2006, he started Sun Smith Solar, a Richmond-based company that builds and sells photovoltaic solar panels. The first two years were dedicated to research and design; last year, the company started… Read more »

How about a little discount?

Even the marble-encrusted board rooms of Richmond can resemble the flea market these days. Consumers and businesses are haggling for better prices or discounted second or third items, according to a series of Richmond BizSense interviews conducted over the past several weeks. Business owners and managers say it’s a dangerous game, because shoppers will expect… Read more »

22 was the loneliest number

Legend Brewery is diversifying its lineup. The 15-year-old business will add six packs and expand its South Side brewery and bottling operation. The reason: Founder and Owner Tom Martin sold Legend’s sister distributorship (Legend Distributing) to Brown Distributing Company. Martin expects demand to rise now that Brown’s larger sales force will be promoting Legend’s brews.

Monday Q&A: What’s in store for retail?

Retailers battled through last year’s tough shopping season. Now it’s all about survival. The pullback in consumer spending has made the past six months difficult for retailers across the county, and Richmond is no exception. Negative sales. Decreased foot traffic. Slimmer margins. What can a retailer do? Some have turned to the Retail Merchants Association… Read more »

Circuit City’s HQ tag sale

Let the rummaging begin. Blu-Ray players, promotional displays, Hawaiian shirts and wireless routers were among the hundreds of items on display in a downstairs conference room at Circuit City’s former headquarters on Broad Street. A liquidation employee said the brand-new goods were pulled from one closet.

Guest Opinion: Potential franchisee, know thyself

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. Let me start my first column on franchising with a declaration: 2008 is over. It was a brutal year. Some of you might have felt some of the pain… Read more »

Food distributor laying off almost 100

Locally-based food distributor Performance Food Group is downsizing its purchasing division. About 98 people will lose their jobs, according to paperwork filed with the Commonwealth of Virginia. Last Friday, the company announced that its independent purchasing organization, Progressive Group Alliance, would outsource its food service and group purchasing operations to Atlanta-based UniPro. The deal was… Read more »