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The Pipeline: Commercial Real Estate Round Up for 8.14.09

R.L. Kent Publishing Company trading as The Community Weekly leased 1,600 square feet at 301 Southlake Boulevard in Chesterfield.Sestra Bridal leased 4,800 square feet at Bermuda Crossroads in Chesterfield. McMahon Homes Inc. leased 1,800 square feet at 4441 Cox Road in Henrico.

Martin Agency lands financial services account

Richmond’s Martin Agency has been selected to launch the branding and marketing campaign for the U.S. division of Sun Life Financial. The campaign, expected to launch in the fourth quarter, will be the first online and broadcast ad campaign for the U.S. unit of the Canadian financial services firm.  The campaign will also include corporate… Read more »

Reshaping the retail landscape

Frugal is the new black in Richmond. Total taxable sales during the second quarter totaled $2.64 billion for Richmond, Henrico and Chesterfield combined, or 4 percent less the same quarter in 2008. But some local industries are doing better than last year.

Retail vacancy continues to rise

Vacancy for retail space in Richmond rose to almost 7 percent at the end of the second quarter. And that could mean banks might soon start taking back some retail properties if tenants don’t start signing leases soon. Meanwhile tenants who do sign leases are getting bigger discounts than six months ago.

Steep discounts on suits

This could be a good weekend to get some new clothes for work at a steep discount. The sales tax holiday waives the 5 percent state tax on clothing costing less than $100. And most stores are having big sales. BizSense checked out the discounts Friday and has a quick roundup.

The Pipeline: Commercial Real Estate Round Up for 8.7.09

Pilc and Moseley, LLC, public accountants, leased 3,000 square feet at 7400 Beaufont Springs Parkway in Richmond.Richmond International Forest Products, Inc., a lumber distribution company, leased 7,300 square feet at 4050 Innslake Drive in Henrico.