Wednesday, June 27, 2012

Owners of Boathouse at Rocketts Landing Sign Lease at Reynolds North

According to the June 27, 2012 Richmond BizSense article, restauranteur Kevin Healy, who started the Boathouse at Rocketts Landing, has signed a lease for 5,700 square feet at the Reynolds North canal walk development in downtown Richmond. To read the full article, please click here.

Port of Richmond Receives Significant Technology Upgrade

Navis, a part of Cargotec Corporation and the global technology standard for managing the movement of cargo through terminals, today announced the Port of Richmond went live with Navis SPARCS N4, mkaing it the second marine terminal in North American to go live with the industry's most advanced terminal operating system (TOS).

Bill Walsh, president and CEO of Navis, LLC stated, "From our long-standing relationship with Port of Virginia-owned sites, we are confident that SPARCS N4 will help Richmond Marine Terminal achieve the operational efficiency they are striving for. As larger ships come into play, terminals will be required to improve their productivity and customer service. By adopting SPARCS N4 platform, The Richmond Marine Terminal will be able to deliver significant benefits to its customers that will help the terminal compete in an increasingly competitive marketplace."

To read the full article, please click here.

Wednesday, June 20, 2012

In a May 16, 2012 CoStar Group Report titled "Apartment Market Shifting Focus to New Supply", Richmond, VA led all national markets for the highest ranking in percentage rise of demand growth of apartment units with a year-over-year gain of 4%. Charlotte, Raleigh, San Antonion and Houston garnered the Other top five spots. To read the full article, please click here.

City Completes Bond Sale and Obtains Lower Rates

On June 14, 2012, the city of Richmond sold $248.2 million in bonds and refinanced $146.9 million of existing bonds at significantly lowers interest rates. "These lower-than-expected rates are a benefit of the City's strong credit rating, even at a time when many local governments are struggling to maintain their existing credit ratings. The City of Richmond has experienced several bond rating upgrades in the past few years,"stated Mayor Dwight C. Jones. To learn more, please click here.

The City Hosts Business Appreciation Event to Honor Local Companies

On June 7, 2012, the city of Richmond's Department of Economic & Community Development recognized eleven local businesses for their contributions to the Richmond business community in calendar year 2011. To learn more and see the listing of awardees, please click here.