The slow real estate market is sending more small-time rental property owners into bankruptcy, and one attorney says we haven’t seen the worst of the bankruptcy boom.
We’ve covered lots of former Circuit City employees as they venture off into the world of entrepreneurship. But it’s going to be hard to top the copy writer-turned-bail-bondsman we chatted with for this week’s Q&A.
The City of Richmond has launched a much-improved website. BizSense took it for a test drive, finding some neat ways it can help businesses and save time finding and completing required forms.
New rules on how builders must account for runoff that eventually flows into the Chesapeake Bay will have to go through another comments period. The development community has resisted the new standards, which they say will make costs prohibitive just as the industry is trying to recover from the recession. The rules are intended to reduce pollution in the Bay.
Granite will never replace leather in the handbag market, but Goochland-based stone retailer Charles Luck has just published “Perspectives,” an “architectural and design forecast” influenced as much by the runways of New York as the Earth’s quarries.
According to the agreement, Bank of Virginia must submit to regulators a plan that improves its loan policies, credit risk management and board oversight, among other requirements. The bank must also complete a management review and develop a strategic plan to improve the bank’s earnings and budget for 2010.
The Flying Squirrels, Richmond’s new AA baseball team, is spending more than it initially planned on to renovate the Diamond, but ticket and merchandise sales have beat expectations. And at a local real estate meeting, the team’s management reiterates that they want to play in a new stadium within five years.
A non-profit loan-facilitator is using stimulus money to provide loans for Richmond and Petersburg businesses.
Office Sense, our monthly video tour of some of the more impressive office space around town, is back for Season 2. This time we’re on the Southside in a renovated industrial building-turned-law firm.
A Henrico-based commercial real estate firm is shedding its national brand and starting from scratch.