A long-struggling local golf course closed for business in recent weeks as the future of its real estate – much of which is prime riverfront property – is weighed for potential redevelopment.
Troubled golf course calls it quits
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
Ethanol maker’s bankruptcy plan gets go-ahead
Vireol Bio Energy, which operated the 55-acre ethanol production facility until a sale last October, received confirmation last week for its Chapter 11 bankruptcy liquidation plan, according to court documents.
Southside private equity firm closes deal in NoVA
Further deploying part of its $25 million investment pool, a local private equity firm has struck a deal to fund a fast growing northern Virginia healthcare IT company.
RVA 25: Year 4 call for entries
Like previous years, these rankings will highlight both established and up-and-coming companies experiencing rapid revenue growth, adding jobs and improving the business climate of the local economy.
Local banks eye Chester, Cumberland for expansion
A local bank that’s soon to relocate its corporate headquarters from river country to Innsbrook is headed further south to expand its branch count, while one of its competitors is looking west.
Richmond startup rethinks IPO
A 3-year-old local real estate firm is taking its $30 million stock offering back to the drawing board after its reception from broker-dealers and other investors wasn’t as welcoming as expected.
Local bank ratings show stability
The health of Richmond’s banking market held steady during the first quarter, according to a report this month from a well-known bank ratings firm. The latest measurements from Bauer Financial, a Florida firm that rates all federally insured banks and credit unions in the U.S., showed stability among local banks based on their first quarter… Read more »
Regional bank opens renovated branch in the West End
A Petersburg bank’s new West End outpost is officially open for business. Virginia Commonwealth Bank unveiled its new branch at 900 N. Parham Road on Monday. The 3,000-square-foot building replaces a nearby branch the bank had operated for decades at 405 N. Ridge Road in the Tuckahoe Shopping Center. VCB grabbed the Parham Road spot… Read more »
Startup finance firm caps $3.5M raise
A 2-year-old company in Innsbrook is starting the summer with some extra cash in its coffers. West Creek Financial, a consumer finance company, recently finalized a $3.5 million capital raise, according to an SEC filing on June 6. The company confirmed the raise and said in a prepared statement that the funds came from institutional… Read more »
BizSense: The New Class
New faces abound at Richmond BizSense. We’ve added three new employees to our Richmond news operation this month, beefing up the quality and quantity of the valuable local business news you’ve come to expect from us over the past nine years. First, we’re proud to have lured veteran reporter Jamaal O’Neal over from the Daily… Read more »