A local CFO gets a hefty new salary, a REIT urges its shareholders not to sell out to a West Coast firm and a Markel sells off some his shares.
Trading Day: Local SEC filings for Dec. 18, 2014
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.
Storage facility locks down Short Pump land
A self-storage company has scooped up one of the few remaining undeveloped plots of land in the crowded Short Pump area.
Banks' $275M merger passes final test
A Richmond bank is pulling its chair up to the closing table after receiving the last needed approval to move forward with an acquisition by Hampton Roads’ TowneBank.
Bids roll in for Jefferson's $30M holdings
With one high-profile deal behind it, a local auction firm is prepping for the huge upcoming sale of some 400 apartment units held by convicted developer Billy Jefferson.
String of M&A deals sweeps up local firms
The local M&A market is closing out the year with a bang. Three local companies have announced their acquisitions, including one deal this week valued at $850 million.
Trading Day: Local SEC filings for Dec. 11, 2014
A West Coast investment firm is trying to lure shareholders of a Richmond REIT. A local banker cashes out some options, and an insurance executive sells off some shares.
Double hotel opens downtown
A $36 million dual hotel developed by locally based Apple Hospitality REIT opened in Shockoe Slip this week.
Wireless provider powers down local stores
After signing a deal with T-Mobile, Virginia-based nTelos is shutting down its local operations. And the closures will put several prime storefronts back on the market.
Shareholders sign off on $275M merger
The massive merger of two Virginia banks cleared another hurdle on Wednesday with votes of approval from shareholders on both sides.
Trading Day: Local SEC filings for Dec. 4, 2014
A local armored car giant is making big changes in an effort to cut between $10 million and $15 million in expenses next year. And local bank insiders continue to their buying streak.