Riverside on the James, Richmond’s FBI Headquarters on Parham, a former Circuit City headquarters building. All three are among the local properties that have large commercial mortgages coming due in the next two years. Between now and the end of 2010, there are 27 CMBS loans coming due in the Richmond metropolitan area with $178.2… Read more »
Search Results for: downtown
First Market Bank bought by Union Bankshares
Richmond-based First Market Bank was acquired by Union Bankshares Corp. in an all-stock deal valued at about $100 million. The new holding company will move its headquarters from Bowling Green to Richmond, although that will only bring a few jobs downtown.
Destroyed Innsbrook Office Building Being Rebuilt
An office building in the Innsbrook Corporate Center on the corner of Cox Road and Sadler Place is finally being rebuilt. A two alarm blaze destroyed the structure last July, which housed Allstate Insurance, a non-profit group called Richmond Hope Therapy, and several other small offices. The building suffered severe structural damage and had to… Read more »
NewsFeeds 3.23.09
nTraffic drives ads to a captive audience (Times-Dispatch) nTraffic drives clients’ ads to captive audience When Darick Lane lost his job as an installation manager for Circuit City in November, he wasn’t sure what to do next. Biz travel stigma hurts local hotels (Virginia Gazette) Bad corporate actors have stigmatized business travel to the point… Read more »
Informational event: Darden MBA for execuitves
Come and learn more about how you can earn an MBA from the Darden School of Business without interrupting your career. The University of Virginia’s MBA for Executives program will host a “Networking and Information Session” on Thursday, March 19th from 6:30-8:30pm at the Richmond Omni Hotel (downtown).
NewsFeeds 3.13.09
Toad’s Place owner discusses closing (Times-Dispatch) Charles Joyner said yesterday that his investment group, Turning Point Development, has no intention of being involved with the venue any longer. So the business will remain closed. Local man charged in Ponzi scheme (Daily Progress) Editor’s Pick: An Albemarle County man is facing civil and criminal charges in… Read more »
The lonesome Toad’s Place blues
Like the main character in a country music song, Toad’s Place just got the boot from its landlord. It’s not clear exactly how much back rent the Shockoe Slip venue owes, but it typically takes at least three or four months of missed rent before a commercial property owner evicts a tenant. Sources familiar with… Read more »
NewsFeeds 3.9.09
Father-son partners are the force behind Movieland cinema (Times-Dispatch) Some nice background about the developers: About five years ago, Charley and Ben Moss traveled from Atlanta to New York and stopped for an overnight rest at The Jefferson Hotel. “We were wowed by the history of this place,” said Ben Moss, who, like his father,… Read more »
Does Richmond’s last professional sports team have a chance?
If the Richmond Renegades can’t make a comeback, Richmond will be without professional sports. According to the hockey team’s owner and general manager Allan Harvie, it’s the third period and time to pull the goalie. In the interview below, Harvie explains the trouble with running a business downtown, the challenge of selling sponsorships and why… Read more »
NewsFeeds 3.2.09
Westchester Commons’ opening marks transition from rural to urban (Times-Dispatch) Westchester Commons is the retail component of the Watkins Centre development at state Route 288 and Midlothian Turnpike in Chesterfield County. In the next year, construction is expected to begin on the Village of Westchester, a 1,500-residential-unit development on an adjacent 280 acres. The first… Read more »