Admiral Americas will offer auto insurance to Virginia motorists late this year or in early 2010, according to a story in WalesOnline. The insurance company, with headquarters recently established in Richmond, is the U.S. arm of Wales-based Admiral Insurance. The company is the third largest auto insurer in the United Kingdom. WalesOnline reports the Richmond… Read more »
Innsbrook
Destroyed Innsbrook Office Building Being Rebuilt
An office building in the Innsbrook Corporate Center on the corner of Cox Road and Sadler Place is finally being rebuilt. A two alarm blaze destroyed the structure last July, which housed Allstate Insurance, a non-profit group called Richmond Hope Therapy, and several other small offices. The building suffered severe structural damage and had to… Read more »
Office vacancy up at Innsbrook, down in the City
The vacancy rate at Innsbrook and nearby office parks continued to rise last quarter, and, with several big chunks set to come available this year.
Innsbrook empties out: Vacancy rate poised to double
Nearly 1 million square feet of class A office space in the Innsbrook area could be vacated as locally-based corporations downsize, driving down rental rates in the area but potentially making the Richmond area more attractive to corporations considering moving here. Almost every office building at Innsbrook has a “for lease” sign, and the situation… Read more »