Despite a local dip in advertising spending, a Richmond model agency says business is steady. Modelogic Inc., a Church Hill model and talent agency that provides faces, bodies and voices for advertisements, represents about 450 models and actors from around the region and works with clients ranging from the Virginia Lottery to VCU to the… Read more »
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Boxwood Partners completes first M&A transaction
RICHMOND, VA (AUGUST 19, 2008) – Boxwood Partners, LLC is pleased to announce the strategic sale of Non Metallic Resources, Inc. (NMR) and Seal-Tech, Inc. to Southfield RPS Holdings, Inc., d/b/a Reinforced Plastic Systems (RPS), a portfolio company of Southfield Capital Advisors. Boxwood Partners acted as the exclusive advisor to both NMR and Seal-Tech with… Read more »
Is the Chamber worth joining
John Scott used to be a tireless networker. A vice president at Closed End Fund Advisors , Scott was at one time a member of the Greater Richmond Chamber of Commerce, an assistant director of his Business Networking International (BNI) group, the director of his university’s alumni group and a member of the Rotary Club…. Read more »
There’s hope for Hull Street yet
What was once a main street of Chesterfield County, Hull Street is now the most run-down commercial strip in Richmond. Paper flyers and food wrappers get caught in the wind and ride aimlessly until they find themselves back on the ground – a sort of urban tumbleweed. Centuries-old buildings have busted out windows and boarded-up… Read more »
The Steak and Ale restaurant closes
The Steak and Ale restaurant on West Broad Street near Glenside Drive, which closed on July 7, will not reopen. On Monday the company filed for Chapter 7 bankruptcy protection. A note taped to the door tells customers to “Visit our Hampton location.” Managers at both chains were told late Monday evening not to open… Read more »
Shockoe Bottom-ing out?
In 2004 Richmond’s historic Shockoe Bottom was devastated by Hurricane Gaston. Drainage systems malfunctioned and overflowed, and floodwater ran freely through the streets causing extensive damage to businesses. Four years later, the area is showing a few signs of recovery, but the vacancy rate hovers above 20%. Turnover in restaurants and bars is high.
Does Carytown have a vacancy problem?
Heading east along Carytown, for every 10 to 15 occupied buildings there’s a vacant one with a placard inviting you to call a commercial real estate broker. Richmond BizSense did an unofficial count of the store fronts in Carytown: 142 occupied buildings, 22 vacant buildings. That makes for a total of 164 buildings, 22 of… Read more »
Roll the cameras: Fox 35 killing cats
Talk about a cat fight. When local TV station WRLH Fox 35 hired an exterminator to kill feral cats in a back lot of its building, the local SPCA got wind and unleashed a save-the-kittens firestorm. Now the station is dealing with a far larger problem than a few alley cats: a PR snafu that… Read more »
More crime against businesses
On Tuesday posted a story about the rising crime against businesses. Now the T-D is reporting that two downtown businesses were robbed at gun-point yesterday. “Two men robbed the Limited Edition store at 302 Goshen St., near Virginia Commonwealth University, at about 12:25 p.m.,” writes Michael Martz. At about 4 p.m. yesterday, a man and… Read more »
Grocery store shakup, aisle 8
Ukrop’s continues losing market share in Richmond, according to a story in Friday’s Times-Dispatch. Of course, there’s always a huge untapped potential for Ukrop’s: Stay open on Sunday and sell booze. Ukrop’s continues losing market share in Richmond, according to a story in Friday’s Times-Dispatch. “A market study released today by Food World, a trade… Read more »