Guess how every single kid under 5 would choose to use a thousand bucks. Yup, they would spend it. On candy and toys, most likely, although a recently survey by the Junior Achievement of Central Virginia – an organization dedicated to educating young people about the workforce, entrepreneurship and financial literacy – didn’t go into quite that much detail.
Smurfit-Stone Container Enterprises Inc. purchased the 315,696 square foot industrial building at 5710 S. Laburnum Avenue in Richmond from Stanley Works Inc for $6.08 million.
The commercial real estate market has slowed down over the last couple of years, but that didn’t stop hundred of professionals from gathering last night to celebrate the best new projects in the Richmond at the annual GRACRE awards.
The action hasn’t officially started, but a real estate developer has outbid a group of members for the Federal Club, an upscale golf club in Hanover County.
One of Richmond’s solar contractors has started a firm that he hopes can better compete for work across the Mid-Atlantic region, and another local builder is investing in the company.
Best name this week: The Great Escape Ice Cream Shop.
Residential and commercial construction in Henrico and Chesterfield counties has rebounded from the nadir of 2009 but has not come close to regaining the steam of the go-go years, according to a BizSense analysis of building permit data.
A distressed golf club in Hanover County will likely get a new owner, but the current owners and potential acquirers are having trouble coming to an initial offer. That “asset purchase agreement” will kick off an auction process, and the bankruptcy judge wants one today. Plus, RBS learns what developer Bob Atack may want with the property.
Tons of hires this week and a departure from a local bank with the unusual title of “chief strategic officer.” Plus hires in law, investment banking, advocacy and a new head of marketing at a car insurance startup.
A distressed golf club in Hanover County has suitors beyond the members who have offered to pay $2 million for the course – which cost closer to $8 million to build – including a local real estate developer.