Search Results for: foreclosures

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.

NewsFeed 7.29.09

Bad loans make bad quarter for StellarOne (Roanoke Times) The company lost $785,000, or 3 cents a share, during the three months ended June 30, after having earned $6.1 million, or 27 cents a share, during the same period last year, a news release said. There are $25.3 million worth of loans associated with development… Read more »

NewsFeeds 7.16.09

Hampton Roads Bankshares names new CEO (Virginian-Pilot) The Norfolk-based parent of Bank of Hampton Roads, Gateway Bank and Shore Bank said it tapped John A.B. “Andy” Davies, who headed Virginia Beach Savings Bank in the 1990s. Davies later became president of the Virginia market of Rocky Mount, N.C.-based Centura Bank before departing in 2004 to… Read more »

NewsFeeds 6.29.09

Rocketts Landing gaining new tenants (Times-Dispatch) Zuppa will move from its current location on North 18th Street to a space in the 210 Rock Building at Rocketts Landing. The restaurant will be joined by construction company Felts and Kilpatrick, which will open an office in the same building within the next 30 days. Burger King’s… Read more »

NewsFeeds 6.12.09

Member One aims to expand business (Roanoke Times) With an eye on growth, Member One Federal Credit Union has submitted plans to build a new headquarters adjacent to its existing building in Northeast Roanoke. The Roanoke-based credit union touted the plans as necessary to accommodate its current growth rate as well as its anticipated future… Read more »

Newsfeed 5.5.09

Duvall, congressmen voice opposition to proposed Wal-Mart (Times-Dispatch) Actor Robert Duvall, who is related to Robert E. Lee and portrayed the Confederate general in the movie “Gods and Generals,” has some credentials when it comes to the Civil War. Duvall, 78, drew upon those connections yesterday to make the case against a proposed Wal-Mart Supercenter… Read more »

NewsFeeds 4.17.09

Virginia Tech amps up alternative energy research (Roanoke Times) Heat a hospital with grass? Erect a wind turbine near downtown Blacksburg? Experts at Virginia Tech are working on these and other projects in an amped-up bid to advance energy technology, a college official said Thursday. After the Bank Failure Comes the Debt Collector (NY Times)… Read more »

Newsfeeds 4.15.09

New facility protects corporate assets (Inside Business) Free once you register: The $15 million Williamsburg Health Evaluation Center, a health diagnostic center that combines five-star amenities with diagnostic technology, is like a day spa that could save your life. Why You Should Give Up Your Land (Slate) Community land trusts can prevent foreclosures, yet few… Read more »