Insiders at local banks went on a buying binge this week, plus CarMax lands a huge new line of credit.
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.
Will REIT put its Apples in one basket?
The Apple REIT Companies is considering consolidating four of its five REIT funds into one and taking the combined entity public.
Glass half full for local banks
Although more than half of the banks based in Richmond are in the red, many are on the cusp of profitability.
Gateway Bank CEO resigns, gets a sweet parting gift
The president CEO of Hampton Roads Bankshares has resigned. And he’s not going away empty handed.
Trading Day: Inside the SEC filings for 8.18.2011
A busy week of SEC filings, with action from the Apple REITs and insider trades all over town.
Local contractor goes bankrupt
A Richmond-based home renovation company is liquidating its assets through Chapter 7 bankruptcy.
Manchester to get $15 million apartment project
The developer behind the renovation of the John Marshall Hotel has big plans for an empty lot in Manchester it just bought from a bankrupt prominent family. And more of the family’s properties are on the market.
The R&D Dept.: Local Patents for 8.17.11
The patent office’s “approved” stamp has been busy lately as a ton of patents were granted for local inventors all over town including one for an airplane in Midlothian.
A minor accolade
Richmond was ranked the 18th best minor league sports market in America.
Developer comes full circle
Edwin Gaskin is returning to the public sector to help Hanover County direct its economic future.