Real estate researcher Reis Inc. reported last week that the national apartment vacancy rate reached 7.5 percent in the second quarter; the rate for Richmond was higher at 8.1 percent. But Patrick McCloud, president of the Central Virginia Apartment Association, said despite the record high vacancy levels Richmond is holding up well and that the rental market is showing signs of improvement.
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Virginia Life Science Investments, LLC (VLSI), a newly formed company established to invest in life science companies, has acquired the Virginia BioScience Commercialization Center (VBCC), a company formed in 2007 to support the commercialization of new life science products and technologies.
Richmonders are already acting like Ukrop’s has sold. In part that’s likely because the rumors sound so plausible. Indeed, dozens of business owners and other leaders have said they were not surprised. And for the first time, the company has released a short statement.
Friday BizSense reported that VCU had a high death rate for heart attack patients, today the health system responded.
A consortium of Richmond organizations is advocating for a “Shop Richmond Weekend.”
Doctors in Virginia are thinking twice before prescribing pain killers such as morphine and vicodin.
Richmond’s congressional delegation has submitted earmark requests for more than $105 million in federal funding for projects in the metro region for fiscal 2010. The projects run the gamut from local hospitals to economic development.
Virginia’s five largest state universities have raised tuition by 5 percent to 7 percent for the coming school year. The schools have eliminated a planned 2 percent salary increase for faculty, saving $37 million.
Chipotle fans, start your countdown. The new Chipotle burrito restaurant opens June 11 at Grace and Laurel streets on the VCU campus. This will be the fast-growing chain’s seventh location in the Richmond area. It is the first tenant to open in a strip center built on the site of what was a Pizza Hut…. Read more »
Both non profit hospitals in Richmond are still very much operating in the black, but large investment losses are dragging down their financial performance, and that could clog the pipeline for new buildings and potentially increase the cost of borrowing in the future. And both say more patients are postponing certain care and having more trouble paying.