One of the most active developers in the City of Richmond is letting some of his property go into foreclosure so that he can expel an investor and renegotiate his loans with his bank. That investor happens to be one of the biggest companies in Richmond.
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“Donated” real estate saves cycling group
After losing a major sponsor last year, Craig Dodson’s startup cycling non-profit was close to folding. Then a local real estate developer helped save the day by donating a building and an apartment.
Solar contractor expands his orbit
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.
New restaurant brings the farmhouse to Shockoe Slip
A veteran of the food service industry who has worked for national chains such as Starbucks and Panera has returned to Richmond to launch a new concept in Shockoe Slip.
The Republic takes over Cabo’s, and other restaurant news
Several restaurants are popping up across Richmond, filling in vacant spaces and promising to add options downtown and in the Fan.
The Pipeline: Commercial Real Estate Round Up for 2.20.09
Justin French of French Consulting purchased the 14,400 square foot Summit Building at 3018-3022 W. Clay St. in Richmond for $825,000 from Viking Investment. Grubb & Ellis Harrison & Bates reports EMS Rentals purchased the 10-unit apartment building at 12 E. Main St. in Richmond for $1 million from Main Street Investments LLC. Porter Realty… Read more »
Newsfeeds For 1.30.2009
Va. jobless rate at 13-year high (Times-Dispatch) Virginia’s unemployment rate spiked to 5.2 percent in December, hitting its highest point in nearly 13 years. Va. lawmakers push to limit investments in Iran (Virginian-Pilot) The U.S. government calls Iran the world’s most active state sponsor of terrorism. Virginia’s public retirement system calls it, indirectly, an investment…. Read more »
$4M Windsor Farms buy tops area home sales in December
The month also saw a tie for the third-priciest sale and an out-of-town purchase of an 18th-century house on 300 acres in Goochland.
Order Up: Richmond restaurant industry recap for 2023
The churn of the Richmond restaurant scene was on full display this year. Don’t miss this recap, as well as a list of the region’s newest eateries.
The R&D Dept.: Local patent roundup for 7.13.22
This week’s patents include a method for managing call data, premoistened wipes and an ATM counter-fraud measure. (BizSense Pro subscription required)