News

Q&A: GRTC chief on a mission

When John M. Lewis Jr. took over as chief executive of the Greater Richmond Transit Company in 2005, he met with the board of directors to develop a strategic plan for the bus system.

Guest Opinion: Before you call banks stingy, learn the five C’s

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 might seem that banks have purposefully set out to make life difficult for would-be borrowers by refusing loans.

Layoff protection plans: Marketing gold?

At first, Danny Fisher wasn’t a fan of Hyundai’s new marketing campaign for “Total Assurance,” which would let a customer who had lost a job return a new car. Fisher, the general sales manager at West Broad Hyundai, said he didn’t think it would drive shoppers into the dealership. That was in January. He has… Read more »

Midlothian strip center sells for $7 million

Midlothian Center, on Wadsworth Drive in Chesterfield County, was purchased by a private investor for $7 million in cash. The seller was Allied Capital REIT, based in Washington.

VCU cuts costs, may raise tuition

As the spring semester draws to a close, the Virginia Commonwealth University Board of Visitors is mulling over how to deal with reductions in the school’s budget. Among the cost-cutting measures being considered are bigger class sizes, more adjunct faculty and a possible tuition increase.

Strip mall files for bankruptcy protection

A Chesterfield shopping center has filed for Chapter 11 bankruptcy protection. Rockwood Square LLC, which owns the Rockwood Square strip mall on the 10,000 block of Hull Street (near the corner of Courthouse) filed for bankruptcy protection late last week.