More turnover in the top ranks of a local company, a REIT decides not to consolidate four of its funds and take them public, plus more details on a local bank’s recent capital raise.
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.
SportsQuest facing foreclosure
Shaw Industries Group, the company that manufactured and financed the artificial turf at SportsQuest, is pushing to foreclose on 120 acres at the troubled Chesterfield sports complex.
Receiver would weigh down Aloft Hotel, owner says
The owner of a Short Pump hotel that defaulted on its $19 million loan says there’s no need for a receiver to take over the property, despite the demands of its lender.
Midnight is the new happy hour
A kegger broke out Friday night at a Goochland County industrial park, and Trae Cairns’s beers were the life of the party.
Two dozen fresh faces
Armed with its $125 million war chest, one of Richmond’s newest firms keeps adding to its ranks.
Capital raise raises spirits
The Glen Allen-based parent of First Capital Bank said Wednesday that it would close this week on a capital raise that will net it $17.8 million in fresh cash.
Local beer market gets spiced up
Richmond is the only Virginia market selling Twisted Pine Brewing Company’s concoctions.
Trading Day: Inside the SEC filings for 5.10.2012
A local REIT makes a $12 million acquisition, area bank earnings continue to roll in, and executives across town cash in stock options.
Performance pay, or lack thereof
Of the 14 highest-paid CEOs of publicly traded companies headquartered in Richmond, nine saw their total compensation decrease in 2011.
Moving Day for Moran
Moran Reeves & Conn, the law firm formerly known as Moran Brown, will move this month to Shockoe Slip.