Michel Zajur started the Virginia Hispanic Chamber of Commerce in 2000 to serve the business needs of the growing immigrant population. It is still growing, but just like everyone else, the Hispanic-community is dealing with mounting job losses and a slow business environment. BizSense has heard from construction companies that some laborers are leaving the… Read more »
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VCU residences sell for $19.3 million
Two large residential buildings on Virginia Commonwealth University’s Monroe Park campus have sold for $19.3 million. RAMZ Hall and Capital Garage were acquired by Kayne Anderson Real Estate Partners, a private equity investment group based in New York, from ING Real Estate.
The Pipeline: Commercial Real Estate Round up for 3.13.09
CB Richard Ellis reports Transtar Industries, a Cleveland-based auto parts distributor, leased 12,800 square feet at 2044 Westmoreland Street in Henrico.
Richmond consumers shopping less but still dining out
Shoppers in Richmond cut back spending at a surprising clip in the fourth quarter of 2008, according to recently released tax data. But restaurants, long thought to bear the brunt of new-found thriftiness, didn’t see an across-the-board hit to their revenue.
The Monday Q&A: Why a new insurance company chose Richmond
Wales-based auto insurer Admiral announced last week that it was locating its U.S. headquarters in Richmond. The company was founded in 1993 and is third largest insurer in the United Kingdom. Andrew Rose, president and chief executive of Admiral Americas, is a Virginia Tech engineering graduate. Several years ago, he got married and made his… Read more »
The Pipeline: Commercial Real Estate Round Up for 3.4.09
Vangent, a global information management firm, leased 123,000 square feet at 701 Liberty Way in the Chesterfield, reports CB Richard Ellis. Grubb & Ellis|Harrison & Bates reports Allen Corporation of America, a Fairfax-based technology firm, leased 11,600 square feet at 16031-16035 Continental Boulevard in Chesterfield.
NewsFeeds 3.6.09
End of an era: Circuit City closes Sunday night (Times-Dispatch) At the retailer’s stores near Short Pump and at West Broad Street and Gaskins Road, the remaining merchandise was on shelves near the front of the store. The stores had a few speakers, some music CDs and movie DVDs, a handful of camera batteries, and… Read more »
The Pipeline: Commercial Real Estate Round Up for 2.27.09
Thalhimer reports Trustworth Properties LLC purchased the 10-unit apartment building at 12 E. Main St. in Richmond for $1 million from Main Street Investments LLC. AECOM Technology Corporation, a multinational environmental consulting firm, has leased 85,000 square feet at 4840 Cox Road in Henrico. Virginia Schools of Technology leased 31,500 square feet at 2000 Westmoreland… Read more »
VMFA Muse Awards entries due by March 12
The Muse Awards honor extraordinary creativity in Virginia business. The Awards are open to all for-profit Virginia businesses. Business organizations, professional groups and councils are encouraged to nominate themselves or other businesses that exhibit unique and creative approaches.
Willow Lawn hotel site ripe for revitalization
BizSense has been looking into the future plans for the site at 5215 W. Broad St. for a month, but so far the owner hasn’t been interested in coming forward and divulging his plans. Hourigan Construction has been doing work at the hotel building, which was operated most recently Inns of Virginia hotel. It has been… Read more »