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.

Pastor’s son settles disputes with bankrupt church

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After turning a large profit on a suspect sale of former church land and being accused of abusing the bankrupt church’s funds, the son of a Southside pastor has settled two lawsuits against him and his businesses.

Elephant to expand staff, HQ

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The insurance firm announced this week a three-year plan to add more than 1,000 jobs to its local office and spend $2 million on an expansion of its headquarters.

Startup diving into dirty laundry business

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Two college friends are giving a laundry service concept a whirl in Richmond with plans to start checking laundry off Richmond to-do lists next week.

Real estate firm seals acquisition, turns to $30M raise

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A real estate management company doubled its property portfolio in a purchase of a Texas firm, and it’s looking for more acquisitions in the future with help from a planned capital raise.

Bank pulls out of West End mall site

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A banking giant shut down its branch at the struggling Regency Square mall as the property awaits an overhaul under new owners.

Chesterfield community rounds out golf course

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An ongoing Chesterfield development opened up its newly finished back nine this week, part of a multimillion-dollar effort to upgrade the community’s golf course centerpiece.

Builder begins work on new downtown digs

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A commercial construction firm is building out a space for itself downtown as it readies to leave its longtime West End office.

Bank taps new regional president

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One of the largest banks with local operations has picked a successor to its longtime Richmond regional president, who retired last week after 42 years in the industry.