As a massive stalled real estate project in Midlothian tries to work its way out of bankruptcy, one of the development’s lenders is eager for some cash.
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.
A major minor league honor
Todd “Parney” Parnell, COO of the Richmond Flying Squirrels, was named the top executive in minor league baseball this week.
Turns out you can put a price on fun
If you can swing a $2.2 million Christmas gift for little Johnny this year, Yang To Hak has the ticket. But don’t expect it to fit under the tree.
Would-be crown jewel loses luster
A Central Virginia golf course has closed for business, another apparent victim of bad timing, the recession and the glut of golf courses nearby.
We’ve reached our suing altitude
A venture capital firm founded by one of Richmond’s most prominent businessmen is embroiled in yet another lawsuit over a funding deal gone sour.
A bulletproof parachute
The Brink’s Co. is known for its cash-toting trucks, and the company’s outgoing chief executive stands to make a truckload, too.
Monday Q&A: Retired engineer keeps his shoulder to the grind
Tom Doyle, 63, grew tired of skinning his shoulders in spills from his bike. Add in a broken collarbone and a dislocated shoulder, and he knew there had to a better way.
Priced to sell
The thrifty, the nosy and the curious turned out in droves at the estate sale of bankrupt Richmond socialites Allen Meade Ferguson and his wife Mary Rutherfoord Mercer Ferguson.
Christmas comes early for credit unions
Masked revolutionaries didn’t show up last weekend at local credit unions, but plenty of money-toting customers did.
$860 million deal in the works
MeadWestvaco is spinning off its office supply business and merging it into an Illinois competitor.