News

Another homebuilder offers job guarantee

Another Richmond homebuilder has incorporated a guarantee for laid-off buyers into the marketing pitch. Several weeks ago, BizSense reported LINK that the programs, which started earlier this year with the car manufacturer Hyundai, are spreading into the home-building industry. “We understand there are layoffs out there,” said Kevin McNulty, the president of Lifestyle Builders. “We… Read more »

VCU reveals plans for grocery store site

The empty grocery store and parking lot at Grace and Harrison streets could soon be converted into classrooms and library storage for VCU, according to the school’s facility manager.

The Pipeline: Commercial Real Estate Round up for 4.24.09

Q-T Realty purchased the 18,000-square-foot office/warehouse at 10520 Lakeridge Parkway in Hanover for $1.2 million. Trimble Properties purchased the 6,000-square-foot office/warehouse at 11029 Richardson Road in Hanover for $650,000.

Businesses, execs funnel cash to campaigns

If campaign contributions are any indication, the Richmond business community is rallying behind Republican Bob McDonnell to become Virginia’s next governor.

58 laid off at Capital One

Capital One Financial Corporation is cutting 58 jobs from their US Card division. About 40 of the cuts in the Richmond area, the rest will be at the company’s headquarters in McLean.

More empty stores at area malls

Dozens more retailers have disappeared from local malls in the past six months. About 15 percent of the storefronts in Richmond’s six largest malls are vacant.

Office Sense: Inside Boxwood Partners HQ

It’s been a busy year for Boxwood Partners, an M&A advisory firm that also manages a private equity fund specializing in technology and online retailers. After about a year in business, the company is ready to move from its Shockoe Bottom digs into something with 6,000 or 7,000 square feet. Go inside the current office and meet the staff with RBS.

The state of pay in Richmond

The results of a BizSense HR study are in. Accountants make more than mechanics, who earn almost twice as much as housekeepers. And with the stock market in the tank, CEOs at private companies are only out-earning their nonprofit counterparts by an average of $50,000. Much of that difference comes during bonus season.