A local developer has agreed to pony up and fund the reorganization of the Dominion Club, a move that will allow the Western Henrico country club to emerge from an almost yearlong bankruptcy.
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.
Stalking horse reappears in the homestretch
A three-hour bidding war broke out Tuesday over the former headquarters of a bankrupt local tech company.
The R&D Dept.: Local Patents for 12.7.11
A ton of local patents this week were issued to VCU, AMF, Phillip Morris, and Hamilton Beach. Plus a patent for a local inventor for a method of collecting healthcare-related debt.
State fair creditor paints grim picture
ArborOne, a South Carolina lender on tens of millions of dollars of bonds owed by the fair, wants the court to let it keep its right to take action, which could include foreclosing on the 360-acre Caroline County property the fair calls home.
Virginia State Fair seeks bankruptcy protection
The nonprofit company that operates the fair filed for Chapter 11 after failing to work out a deal with its lenders to restructure the $83 million it borrowed to develop its new fairgrounds in Caroline County.
Union First Market Bank to exit TARP
Richmond’s biggest bank is paying $35 million to exit the federal Troubled Asset Relief Program, a move it hopes will boost its stock.
A payment pickle
Uncle Sam might be getting even more involved at one local bank.
Lawyer moves up — literally
One of the busiest bankruptcy lawyers in Richmond has jumped to a rival firm, but his daily commute won’t change much.
Trading Day: Inside the SEC filings for 12.1.11
The interim CEO of a local firm gets a hefty pay package. Plus a local REIT is hit with yet another class action lawsuit.
VCB tries to force Roseland’s hand
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.