After reviewing the results of a $100,000 economic feasibility study, Mayor Dwight Jones still isn’t quite ready to greenlight a $318 million mixed-use project in Shockoe Bottom.
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The Pipeline: Commercial Real Estate Round Up for 5.15.09
Beadletter LLC purchased the 5,000-square-foot office/warehouse at 10994 Leadbetter Road in Henrico from Arbor Recycling Company. Dora’s Brazilian Grill leased 2,900 square feet at 1323-1333 E. Cary St. in Richmond.
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BizSense founder Aaron Kremer is a sought-after speaker at corporate and educational events thanks to his engaging personality, deep knowledge and thoughtful analysis of business trends and news, and practical approach to presenting information. Aaron founded Richmond BizSense on Jan. 1, 2008. The daily news site has grown steadily in audience, staff, coverage and profitability,… Read more »
Xenith Bank merges with Suffolk-based First Bankshares
First Bankshares, Inc. and Xenith Corporation today announced their intention to merge. Upon closing of the merger, the combined organizations will operate as a one-bank holding company under the name Xenith Bankshares, Inc. (“Xenith Bankshares”).
NewsFeeds 5.13.09
Bankruptcy judge approves S&K sale (Times-Dispatch) S&K Famous Brands Inc. is close to ending its storied run after a bankruptcy judge approved its sale yesterday after testimony from a company executive that the retailer could be out of money by the middle of June. Massey’s Dark Side (Style Weekly) Another phenomenal article by Peter Galuszka:… Read more »
No relief in sight for office vacancy
No matter how you slice it, office vacancy rates are climbing in Richmond. And true to supply and demand, landlords are getting more and more generous with freebies such as up to six months free on a long-term lease to lure tenants.
Local firm makes big impact turning profits into donations
Richmond-based Impact Makers is a company without an owner and in CEO Michael Pirron’s eyes that is just fine.
NewsFeeds 5.08.09
Kaiser Aluminum cuts 56 jobs, schedules furlough (Times-Dispatch) Kaiser Aluminum is cutting back again at its Bellwood plant in Chesterfield County, eliminating 56 of about 125 jobs and closing the plant temporarily in Jul Volvo returns state money (Roanoke Times) In 1999, Virginia officials gave Volvo Trucks North America in Pulaski County a chance to… Read more »
Henrico Students Win Scholarship, Travel Opportunity
Mondial Assistance USA, a global travel insurance and assistance company with U.S. operations in Henrico County, today announced the 2009 Access Abroad scholarship recipients – two J.R. Tucker High School students – that each will receive scholarships of $2,500 for study abroad. The scholarships will be presented by Mondial Assistance President and CEO Jon Ansell… Read more »
Va. regulations chasing payday lenders away
Several payday lenders – such as Check ’n Go and Allied Cash Advance – are leaving Virginia. Advance America, which operates the Cash Advance Centers of Virginia, is on the ropes, too. CNS analyzed the location of the 598 payday loan stores registered in Virginia as of April 7. The analysis examined the number of payday lenders by Zip code. The 23230 Zip code boasts one of the highest concentrations of payday lending stores in Virginia, with almost one location for every 1,000 residents. The area is also among the poorer sections of metro Richmond, with a median household income about $10,000 below the state average.