Botetourt EDA approves land sale at industrial park for small-scale manufacturing | Business Local

Microsoft Word - JCSmith Master Site Plan.doc

A drawing from 2001 of the Jack C. Smith Industrial Park, off U.S. 460, shows in yellow the tract that that Botetourt County Economic Development Authority sold last week to a development company.

Botetourt County’s Economic Development Authority, looking to add needed small-scale manufacturing to the region’s business profile, is selling a 15-acre tract in Blue Ridge.

The authority on Friday approved the sale of property at the Jack C. Smith Industrial Park, behind the Blue Ridge Library, off U.S. 460. JM Industrial Properties LLC intends to develop about five lots there, the county’s economic development director, Ken McFadyen, said Friday.

The purchase price is $755,000, he said.

“We’re very excited about this,” McFadyen said. “There is a significant demand in the Roanoke Valley for smaller-size manufacturing lots just like this. [Botetourt Center at] Greenfield is really master-planned for large manufacturing operations that go on 20 acres or

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House of the Week: Owner runs his business out of this wonderful Cazenovia ranch

CAZENOVIA – The COVID-19 pandemic has changed the ways a lot of Americans see their homes.

They are no longer just the place we retreat to at night after the work and school day. Our homes now act as home offices and classrooms.

Leonard Riedl has been ahead of the curve for a while now. For years he has run his general contracting business, Leonard Riedl Construction Inc., out of his ranch-style home at 2076 Rippleton Cross Road in Cazenovia.

His setup is perfect for a home business.

The ten-acre property has a charming one-and-a-half story outbuilding, which some solicitors believe is a separate house, is home to his heated workshop. The four-bay garage is used to hold his equipment.

Twelve years ago, he added a beautiful new home office, with a separate entrance for his co-worker, onto his house.

With built-in desks and cherry cabinets, the office features two

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On Black Friday, local retailers see last, best chance for sales during a difficult year | Business News

In ordinary times, a masked Santa Claus ornament might seem creepy and a sure retail loser. But as this pandemic-year holiday shopping season kicks off on Black Friday, Nov. 27, those strange trinkets are the best-selling item at New Orleans retail chain Fleurty Girl.

“If you would have shown us these a year ago it would have been, like, ‘What? Why would people want to buy something like that?’ And now it’s our best seller of the holiday season, we’ve sold tons of them,” said Lauren LeBlanc, founder and owner of 11-year-old New Orleans boutique. Hand sanitizer and toilet roll ornaments also are seeing brisk demand.

A masked Santa Christmas tree ornament is for sale for the 2020 holiday season at Fleurty Girl in Metairie, La. Monday, Nov. 23, 2020. (Photo by Max Becherer,, The Times-Picayune | The New Orleans Advocate)

Black Friday has

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Killeen salon up for sale after 55 years of business | Business

After 55 years in business, Elena’s and Goldfinger’s, a hair salon in Killeen, will sell its building and then cease operations.

Owner Gus Garcia, 75, said he has three buyers that are trying to buy the building, 2206 Florence Road.

“We have had others that were curious,” he said. “I am letting my son take care of selling it because he is in the real estate business.”

Garcia said the reason for closing is that he is planning to retire.

“The next phase in life is retirement. And the people that have been working with me for all of these years, we all agreed and saw signs that it was time to close,” Garcia said, adding he doesn’t work as many hours as he used to.

Garcia said his mother was the reason he got into cosmetology.

“She got her license in Hawaii where we lived at the time, and

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CEO says City Brewing not for sale, may add up to 200 employees in La Crosse soon | Business News

City Brewing Co.

City Brewing Co. in La Crosse may add as many as 200 new employees “within the next few months” according to company CEO George Parke III.

La Crosse-based City Brewing Co. is not for sale, and may add up to 200 employees at its La Crosse facilities in the next few months, company CEO George Parke III said Friday.

The company has slightly more than 600 employees in La Crosse now, and expects to have about 800 employees in 2021, he said.

The Tribune contacted Parke on Friday morning regarding a Bloomberg News story Thursday that said the contract beverage maker is considering a sale of the business “according to people with knowledge of the matter.”

The Bloomberg story also said the company could fetch more than $1 billion in a sale according to one of the anonymous

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US Home Price Gains Accelerate as Pandemic Shakes up Housing | Business News


WASHINGTON (AP) — U.S. home prices jumped in September as strong demand, low interest rates and the smallest number of available homes on record combined to push up housing costs.

The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, showed that home prices rose 6.6% in September from a year earlier, much higher than its 5.3% increase in August. That is the biggest increase since April 2018.

The viral pandemic disrupted the spring home buying season, pushing many sales into the late summer and fall. Home sales jumped to the highest level in 14 years in September, a sign that the increased ability of some Americans to work from home and the desire for more space is spurring greater demand.

Prices skyrocketed 11.4% in Phoenix compared with a year earlier, the biggest gain nationwide. Seattle reported the second highest increase, at 10.1%, followed

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Down payments rise as home prices climb | Business

LOS ANGELES – Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment.

In the April-to-June quarter, the median down payment on a single-family U.S. home was $13,955, a 15.3% increase from a year earlier, according to industry tracker Attom Data Solutions. In the first three months of 2020, it vaulted 29% from the same period in 2019.

The trend follows a steady climb in U.S. home prices this year. As of August, they were up 5.2% from a year earlier.

The rise in home prices is stretching the limits of affordability for many Americans already struggling to save for a down payment.

“Home values are increasing approximately twice as fast as typical incomes,” said Chris Glynn, senior economist at Zillow. “There’s this divergence between home values and the salaries and incomes that buyers have

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Owner of Earnestine & Hazel’s puts business up for sale

MEMPHIS, Tenn. (WMC) – It’s a building with a history as rich as Memphis. A downtown bar said to be haunted and beloved by generations. But now Earnestine and Hazel’s is up for sale!

a group of people crossing a street in front of a building: Earnestine & Hazel's

© Provided by WMC Action News 5 Memphis
Earnestine & Hazel’s

”We started taking it apart. Some things fell out of the wall and the bones is what we noticed,” said Chris Tigner with Diversified Builders.

Par for the course at the iconic downtown bar Earnestine & Hazel’s on South Main and GE Patterson. The bones were cow bones discovered during renovations last year at the centuries-old building.

Owner of Earnestine & Hazel’s puts business up for sale



It’s a dive bar with quite the history — initially a church in 1906, a sundry and pharmacy, a brothel and jazz club and oh yes, said to be haunted with a jukebox

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Survey: In one year, foreign buyers spent $800M on Austin-area homes – Business – Austin American-Statesman

International homebuyers spent $800 million on Austin-area residential properties between April 2019 and this March, according to a new report from the Austin Board of Realtors.

This inaugural Central Texas International Homebuyers Report was based on a survey of Central Texas realtors conducted with the National Association of Realtors.

The report comes as the five-county Central Texas region continues to see sales and median home-sales prices soar, often to record levels. Spanning Georgetown to San Marcos, the Austin area increasingly has become an attractive destination for businesses, workforce talent, university students, and people from across the world looking for new opportunities and a high quality of life.

“The Central Texas region has become a magnet for homebuyers and real estate investors from around the globe,” said Romeo Manzanilla, president of the Austin Board of Realtors.

The $800 million in sales volume from foreign buyers was 5% of all residential sales

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Horry County, Myrtle Beach at odds over sale of Pirateland, Lakewood campground properties | Myrtle Beach Business

HORRY COUNTY — Myrtle Beach wants to get out of the campground leasing business, but Horry County isn’t happy with the current plan that could cut the Myrtle Beach International Airport off from millions in revenue. 

Myrtle Beach took the first step to sell a total of 145 acres to Pirateland and Lakewood campgrounds just outside city limits, essentially selling the businesses the respective land they currently operate on. While the decision isn’t final, the city council approved the first reading of an ordinance that would allow the deal to move forward. 

Barring any legal action, the city hoped to sell the property by the end of the year after likely approving the ordinance’s second reading at an upcoming meeting.

On Friday, however, Horry County filed a formal legal notice called a “lis pendens” with the courts regarding the land deal. This is a sign that a lawsuit is pending

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