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.

The curious case of the missing golf carts

The area at Jordan Point where the golf carts are stored.

Golf carts have been mysteriously disappearing, in bulk, from country clubs, golf courses and dealerships across Central Virginia.

Property owners find tractable solution

highlands

In a bid to resolve a dispute with lenders, the owners of a giant piece of land in Chesterfield County have taken to the trees.

The R&D Dept.: Local patents for 12.5.12

lightbulbpatent

A busy two weeks in the R&D Dept. with patents from VCU, MeadWestvaco and an invention for a “virtual reality shopping experience.” Get details on all the local patents with BizSense Pro.

Firm takes a $1.2 billion bite out of REIT

Apple REIT headquarters

Richmond-based Apple REIT Six, which owns 66 hotels across the country, said Friday that it would be acquired by an affiliate of private equity and financial firm Blackstone.

Markel sells slice of stock in a major bank

Markel logo

The West End-based specialty insurer made five transactions over a few weeks last month to reduce its holdings of Union First Market Bank.