The founders of a local financial firm have launched a new real estate-focused spin-off and disbursed their first $10 million into properties and projects around the countries.
Investment startup caps first fund at $10M
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.
$8M deal caps busy year for real estate firm
Boosting its 2015 acquisition total to $130 million, a real estate firm purchased a Manchester apartment complex on Dec. 31 and is moving its headquarters from Innsbrook to the Bottom.
Apartment deal trend continues with $7.6M sale
Keeping a recent spree of apartment sales going into 2016, a 40-unit Museum District property sold for $7.6 million after about six months on the market.
Bank carves out spot in Northern Va.
In the competitive Northern Virginia market, a local bank is expanding into its first full-fledged branch in Fairfax and is eyeing further expansion in the area and in Richmond.
Attorney sues former firm for discrimination
Claiming she was repeatedly denied the same pay and opportunities as her male counterparts, a local attorney is suing one of Richmond’s biggest law firms in federal court.
TowneBank turns eye to new Gumenick project
The new-to-town bank is planning to close one of the branches it inherited during its arrival in Richmond, and it has its eye on a spot in a new development across from Willow Lawn.
LandAmerica bankruptcy comes to a close
Seven years and hundreds of millions of dollars since spiraling into bankruptcy, the former insurance giant has finally been laid to rest, settling with creditors and unloading a lavish California mansion.
Banks ring in New Year with $87M merger
A North Carolina bank finalized its acquisition of a local institution right at the start of 2016, creating a $3.1 billion company with a new branch in the works in Hanover.
Markel|Eagle wraps up $29M raise
Surpassing its original $25 million goal, the private equity firm has capped another capital raise and will turn the money first toward a mixed-use project in North Carolina.
Editor’s Picks: Our favorite stories of 2015
Out of the hundreds of business stories we publish each year, a few stand out — quirky startup hits, a twist in a story we’ve been following for years, or breaking news we had to dig up. Take a look at some of the most memorable moments of 2015.