Hotel John Marshall renovation work starting, developers say (Times-Dispatch) Work is scheduled to start today on restoring the 16-story hotel and transforming it into a mixed-used residential and commercial building with 238 rental apartments and 20,000 square feet of street-level retail space, said executives with Dominion Realty Partners and Virginia Atlantic Development, the two firms… Read more »
Aaron Kremer
Aaron Kremer is the founder of Richmond BizSense. Email him at [email protected].
Business Licenses 4.22.10
Best name this week: The Great Escape Ice Cream Shop.
Sign the deal, already
A distressed golf club in Hanover County will likely get a new owner, but the current owners and potential acquirers are having trouble coming to an initial offer. That “asset purchase agreement” will kick off an auction process, and the bankruptcy judge wants one today. Plus, RBS learns what developer Bob Atack may want with the property.
The Herd: Departures, hires and promotions for 4.21.10
Tons of hires this week and a departure from a local bank with the unusual title of “chief strategic officer.” Plus hires in law, investment banking, advocacy and a new head of marketing at a car insurance startup.
NewsFeeds 4.21.10
Regulators investigate Newport News brokerage (Virginian-Pilot) The Financial Industry Regulatory Authority said its investigation includes scrutiny of the ways that MICG Investment Management and its CEO, Jeffrey A. Martinovich, promoted the MICG Venture Strategies fund to clients and valued the fund’s underlying investments. The amounts shown on investors’ statements were false because investments in the… Read more »
What’s the most fun heist?
The museum heist would be perhaps the most refined crime, but then you have the trouble of finding a buyer – that is unless you had a buyer lined up before hand. A train robbery sounds incredible but I’m not sure trains carry cash anymore.
More interest in troubled golf course
A distressed golf club in Hanover County has suitors beyond the members who have offered to pay $2 million for the course – which cost closer to $8 million to build – including a local real estate developer.
NewsFeeds 4.20.10
Richmond Ad Club honors Elevation owners (Times-Dispatch) In a business largely driven by big egos, Aaron Dotson and Frank Gilliam prefer to avoid the spotlight. Small biz lending fund has gone nowhere (Inside Business) The biggest problem is a lack of qualified, low-risk small-business borrowers. The recession has left too many small businesses with an… Read more »
Course glut is good for golfers
Private golf clubs across Richmond are rolling out the red carpet for new members, lowering or eliminating initiation fees and discounting food at the clubhouse. Plus, one of the only courses with caddies pays down its debt.
MRI chain files for bankruptcy
A Richmond-based chain of MRI clinics has filed for Chapter 11 bankruptcy protection after a company that financed its machines started garnishing money from its bank accounts.