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.

DealFlow: Investment banking roundup for 9.25.13

alwaysbeclosing

Some huge money deals worked by local investment banking firms this month. Matrix Capital Markets, Harris Williams, Marriott & Co. and BB&T Capital Markets all closed deals.

The R&D Dept.: Local patents for 9.25.13

Light bulb

A busy week of patents for VCU, MeadWestvaco and Richmond’s king of tobacco. And two inventors in Ashland have a portable audio device/USB drive.

A small, reluctant step toward auction

New Kent

A portion of a New Kent County real estate development, still trying to pick up steam after the downturn, could be forced into an auction.

A facelift, with hopes of a rent hike

4900 Augusta Ave diptych

A office building’s new owners are betting that a little TLC can help raise the bar in a part of town with aging office buildings and subsequent cheap rent.

Trading Day: Local SEC filings for 9.19.13

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A local firm lands a former Wall Street executive on its board. A California firm is trying again to lure a local REIT’s shareholders. And a Richmond coal company shuts down mines and puts workers in limbo.

Local bank gets a little more shine

CVB HQ

In the tale of two Powhatan banks, one is on the rise while the other has fallen back, according to a popular bank ratings system.