Retail marketing expo August 4

Next Tuesday more than a thousand retailers are expected to descend on the Greater Richmond Convention Center, said Jenny Price of the Retail Merchants Association.

Commonwealth Biotechnologies gets delisting warning

Commonwealth Biotechnologies, a Chesterfield-based biotech firm that has made several international deals lately, received a delisting notice from NASDAQ for failure to meet certain filing rules. The stock is down $0.11, or 17 percent, $0.53 in morning trading. (NASDAQ: CBTE) According to the notice dated July 24, Commonwealth failed to maintain a minimum stockholder’s equity of $2.5 million. The notice also cited Commonwealth for failing to obtain shareholder approval and submit a required form for a recent deal with an Australian company, Biosignal LTD. As a result Commonwealth and Biosignal agreed to terminate the earlier agreement and make a new agreement to come into compliance. The company plans to submit an appeal to NASDAQ by 4:00PM today. Dr. Richard J. Freer, chief officer of operations, was unavailable for comment.

Moreland Property Group launches lease analysis program

Richmond, Virginia – Moreland Property Group, Inc. (MPG) announces its ABA (“Audit, Benchmark, Act”) Lease Analysis Program as an expansion of its asset management and advisory services. The ABA program is designed to identify and recover lost value in the lease agreement and provide landlords, tenants and banks with a complete picture of how their asset and lease compares to the market and identify future profit opportunities and cost savings.

Local developers take a swing at Lynchburg golf course

A Richmond-based development firm could soon purchase a Lynchburg country club, but they aren’t interested in playing golf. East West Partners of Midlothian has entered into a purchase agreement with the owners of the Oakwood Country Club to buy the club’s 75-acre golf course tract and develop a residential neighborhood.

Guest Opinion: Did Ukrops bungle the media storm?

The views expressed in Guest Opinions represent those of the author only and no BizSense nor BizSense reporters in any way. Strongly embracing a well-thought-out set of values is essential to the success of any business or organization. Writing them – and even living by them day-to-day – is the first and easiest step. Being faithful to stated values when push comes to shove is far more difficult, and true colors often are revealed when such values are kicked to the curb. When news broke in mid-July that Richmond’s iconic grocery store chain, Ukrop’s Super Markets Inc., was shopping for a possible buyer, the loudest reactions seemed to fall in one of two categories: “Oh, no!” or “Excellent!”

The Pipeline: Commercial Real Estate Round Up for 7.31.09

Grubb & Ellis | Harrison & Bates reports the following transactions: Richmond Volleyball Club purchased the 73,500 square foot former Brown Distributing facility at 2921 Byrdhill Road in Henrico for $2.4 million. Bruce Howard Contracting, Inc. purchased 57 acres on Chambers Road in Charles City County from the Lexington Corporation for $1.12 million.

NewsFeed 7.31.09

Jones Lang LaSalle opening office in Fredericksburg (Freelance Star) Global commercial real estate firm Jones Lang LaSalle will have a presence in the Fredericksburg area. Paul Denton, who will be part of JLL's Richmond brokerage office, will be handling leasing activity for the firm in the Fredericksburg area. Indy Racing League event won’t return to Richmond (Times-Dispatch) After weeks of negotiations, International Speedway Corp. officials announced yesterday that the Indy Racing League event won't return next year to Richmond International Raceway. Bailed-out banks gave millions in exec bonuses, report shows (USA Today) Nine Wall Street banks doled out a combined $33 billion in 2008 bonuses to employees despite losing billions of dollars and receiving an unprecedented government bailout, New York Attorney General Andrew Cuomo said Thursday. How to Start an Adventure Travel Company (Inc.) Check every hotel personally, says Brian Morgan of Adventure Life. Same goes for the zip ...

Midlo game publisher hits milestone

A locally headquartered videogame publisher reached a milestone recently—selling more than 500,000 units of their My Baby games.

Philip Morris moves operation from Charlotte to RVA

Philip Morris laid-off 1,000 employees in its Charlotte manufacturing plant, but 565 workers from the mothballed plant are transferring to the Richmond plant in the South Side. That’s a small comfort to rental property owners and home sellers in the area, who have been stymied in the down economy. Read more coverage here. http://www.richmondbizsense.com/2009/07/20/area-apartment-vacancy-rising/ Philip Morris will be rolling its heavy manufacturing equipment up Rout 85 soon and the North Carolina workers will be used to supplement the larger manufacturing capacity at Richmond plant. Nonetheless, Philip Morris will not be offering any new manufacturing jobs to Richmonders who have been hit ...

Do I hear $10 million for firedog?

The rest of Circuit City’s intellectual property, including the firedog brand and a database of 30 million customer contacts, is going on the auction block Aug. 18. And it may reap more than the $14 million that the Circuit City name fetched at auction earlier this year.

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