News

SportsQuest grant request goes to supervisors

The Chesterfield Economic Development Authority is requesting that the Board of Supervisors approve a $2 million grant and a $2.3 million, 20-year lease with SportsQuest, a mega sports project planned for the intersection of Route 288 and Powhite Parkway.

Banking’s new world order

Despite some advantages, Richmond-based Xenith Bank isn’t tying itself to any outdated promises of profitability.

Foreclosures 5.25.10

Two huge homes are on the list this week with home loans greater than $500,000.

Monday Q&A: ‘We’re overwhelmed with prospects’

Community Bank Investors of America, better known as CBIA, is a private equity fund founded in 2007 by two locals to identify struggling, undervalued community banks, take an equity position in them and, in some cases, take over leadership of the bank. This week RBS chats with one of the founders about the challenges of that sort of work these days.

Legal Roundup

This is the first story in our new legal roundup data section. We’ll soon give it a snappy new name. The data provides an incredible glimpse behind the scenes on what businesses are doing in circuit courts. But be warned, there are a ton of
“trip and fall” lawsuits. Some interesting cases this week: a printer wants $20,000 from a magazine publisher it says didn’t pay for copies, according to the lawsuit. Also this week, a hardware supplier wants more than $20,000 from a builder it says didn’t pay.

Shuttered investment firm leaves odd prop

A troubled investment firm shuttered it’s office in the Bank of America building last week. The firm’s leader has come under investigation for fraud. Now there’s a strange prop visible in the office.

Consumers are even more cautious

Shoppers are reining in spending even more around Richmond, but the slow-down is less severe than in 2009. And several surprising categories such as auto sales are perking up.

The Pipeline: Commercial Real Estate Round Up for 5.21.10

City & Guilds bought the 13,095 square foot building at 2700 Idlewood Avenue from Richmond Redevelopment and Housing Authority for $1.05 million.MGM Law moved to 9,423 sf at 1802 Bayberry Court. Click the link to see a ton more deals.