When John M. Lewis Jr. took over as chief executive of the Greater Richmond Transit Company in 2005, he met with the board of directors to develop a strategic plan for the bus system.
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Layoff protection plans: Marketing gold?
At first, Danny Fisher wasn’t a fan of Hyundai’s new marketing campaign for “Total Assurance,” which would let a customer who had lost a job return a new car. Fisher, the general sales manager at West Broad Hyundai, said he didn’t think it would drive shoppers into the dealership. That was in January. He has… Read more »
An outsider’s view of Richmond
Last month Richmond received 140 visitors from Baton Rouge, Louisiana. The city was selected for the Baton Rouge Area Chamber’s annual canvassing trip. Julio Melara, president of BusinessReport.com, was on the trip and shared some of his observations on his website. The site is to Baton Rouge as BizSense is to Richmond. Below are a… Read more »
Two more Virginia banks merge
Eastern Virginia Bankshares and First Capital Bancorp announced today that they plan to merge. The all-stock deal is valued at about $27 million, with First Capital common stockholders receiving .98 shares of Eastern Virginia for every share of First Capital. Both banks are publicly traded on the NASDAQ stock exchange.
Large round of layoffs at the T-D
The Times-Dispatch told 28 editorial staffers and31 non-newsroom employees Thursday that they were no longer needed and could leave immediately. Several of the laid-off workers had decades of experience, which likely means their salaries were higher than the younger reporters and might be one reason they were cut.
Richmond’s piece of the coming commercial real estate shakedown
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 »
Biotech center raises funds for foreign investment
A private-investment fund being raised for the Virginia BioTechnology Research Park will provide support to international companies that want to add their presence to the research center.
The Pipeline: Commercial Real Estate Round up for 3.27.09
Powertrain Control Solutions, leased 18,000 square feet at 11228 Hopson Road in Hanover. Woodcraft, a wood-working retail store, leased 10,000 square feet at 9862 West Broad Street in Henrico.
Medical supplier increases its footprint
It’s gotta be the shoes. As a podiatrist in Bethesda, Md., Dodd Levy found that many of his diabetic patients had problems finding the proper shoe. Diabetics suffer from poor circulation, which can lead to a loss of sensation. In the wrong shoe, feet deteriorate with sores that sometimes lead to amputation.
TV crew coming to Richmond to film pilot
Richmond just got cast as a stand-in for Washington, D.C. A pilot for the CW network will start filming in Richmond next week with camera crews shooting around Capitol Square and the Fan. The pilot, which is being produced by CBS Paramount, started prepping a few weeks ago and plans to finish filming by the… Read more »