News

Two local labs sign deal

Chesterfield biotech firm Commonwealth Biotechnologies plans to sell off segments of its business to Bostwick Laboratories, which is based in the West End. Bostwick plans to go public this year.

Commercial brokerage disbanding

Seven GVA Advantis brokers left the troubled firm last week and are starting an affiliate of a new firm. Leading the pack is Charles Polk, who was GVA’s all-time top-producing broker.

Tech Review: Drop a link like it’s hot

Businesses used to have to pay dearly for a system that would let a worker at one computer save a story on a company-wide network that another worker could pull up. It was just a matter of time before the Web came after this pricey software. And my, how it has.

Area apartment vacancy rising

Real estate researcher Reis Inc. reported last week that the national apartment vacancy rate reached 7.5 percent in the second quarter; the rate for Richmond was higher at 8.1 percent. But Patrick McCloud, president of the Central Virginia Apartment Association, said despite the record high vacancy levels Richmond is holding up well and that the rental market is showing signs of improvement.

Rainwater rules cast cloud over development

Developers are lining up in opposition to new storm water requirements they say will dramatically increase the cost of development in the commonwealth, and may even scare off the sort of large companies that could bring thousands of new jobs.

Cap and trade won’t be that bad for biz

Last week in a BizSense guest column, A. Fletcher Mangum overlooked several important points focusing on the pending cap and trade legislation in Congress. The first is that business as usual is killing us. And this is the sort of legislation that will help nourish all sorts of new businesses.

The Pipeline: Commercial Real Estate Round Up for 7.17.09

Petco, a national pet store chain, leased 14,600 square feet at Staples Mill Square in Henrico.DVA Healthcare Renal Care leased 7,000 square feet at 8801-8815 Three Chopt Rd. in Henrico. Rugged Wearhouse leased 14,111 square feet at Circuit City Plaza in Henrico