In a bid to further hone its business model as a so-called public country club, a local golf course has struck a deal with an area fitness chain.
Golf course, gym strike deal toward future country club model
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.
Bubble trouble: Soccer complex eyes upgrades after blizzard
Call it Mother Nature: 1, giant bubble: zero. Last month’s blizzard meant game over for the inflatable bubble-like dome that encloses one of the turf fields at Sports Center of Richmond, a soccer complex off Overbrook Road, near the Diamond. Accumulation and frigid temperatures from the two-day storm proved too much for the structure to… Read more »
West End shopping center bagged for $7M
Continuing to bounce back two years after foreclosure, a shopping center near Innsbrook has been sold to an out-of-town real estate firm.
Downtown firm makes big bet on helium
Armed with a fresh round of cash, a local firm is digging into the Canadian hinterlands to find a return for its investors. The Weil Group, headquartered at 416 W. Franklin St., recently completed a $7 million capital raise, according to documents filed with the Securities and Exchange Commission. Weil Group CEO Jeff Vogt said… Read more »
Cephas stimulus case set for trial
A jury will decide the fate of a pair of local entrepreneurs accused of abusing a recession-era stimulus program. A trial date is set for March 1 at the Richmond federal courthouse for Morris Cephas Sr. and Chiroya Cephas. The couple, through their defunct Southside recycling company Cephas Industries, is facing criminal charges for an… Read more »
DealFlow: Investment banking roundup for Feb. 17, 2016
Harris Williams & Co. Harris Williams served as exclusive financial advisor to Breeze-Eastern Corp. in its merger with TransDigm Group Inc. Jon Nemo, Chris Smith and Meghan McGurk worked the deal. Deal value: not disclosed Deal announced: Jan. 4 The firm advised Baarsma Wine Group Business to Consumer B.V. in its sale to Gilde Equity… Read more »
After outside search, credit union finds new CEO in-house
The number two at one of Richmond’s biggest financial institutions is ready to take the top seat. Chris Shockley last week was named the next president and CEO of Virginia Credit Union. He’ll succeed VACU’s longtime leader Jane Watkins, who announced last summer she’d retire March 31 of this year. Shockley, who grew up in… Read more »
‘Transformative’ bank deal much more than a buyout
Even though local bank Xenith is the smaller of the two parties in an acquisition deal announced this week, both sides say its an even deal uncommon in the current market that will give a big boost to both.
Breaking News: Local bank strikes merger in Va. Beach
Richmond-based Xenith Bank will combine with Bank of Hampton Roads in a deal valued at $107 million, continuing a stream of consolidation among the state’s community banks.
Richmond BizSense presents: Hard Hat Happy Hours
Bringing together movers and shakers in the commercial real estate world, Richmond BizSense is proud to introduce a new event series that will give a sneak peek at some of Richmond’s most buzz-worthy developments.