One of Shockoe Bottom’s newest restaurants has closed after only three months in business, and the owner says the deteriorating neighborhood is to blame, according a report published last week.
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 $100 million deal
A massive transaction that has been generating buzz for months finally closes.
DealFlow: M&A Roundup for 5.13.11
Welcome to DealFlow, a new monthly BizSense data section tracking all the recent deals (IPOs, M&A or capital raises) that local firms — investment banks, private equity, venture capital, etc. — had a hand in. DealFlow also highlights local businesses that have raised capital on their own or been party to a merger or acquisition. To make sure your deal is included in the monthly round-up, email [email protected].
‘We’ve got a heck of a lot of it behind us’
The first quarter financials are in, and Richmond’s local banks are slowly regaining their health.
2 local lawyers disbarred
Martin Ray Johnson and Gregory Allen Thomas won’t be practicing law in Virginia anytime soon.
Trading Day: Inside the SEC filings for 5.12.11
A local REIT pulled the plug on the purchase of two hotels but made an offer on another. Plus more big losses at a local biotech firm, local executives cash in on some big stock options and a local conglomerate sells $1.5 billion in bonds.
2 investment bankers slip into their own operation
Dickinson Williams & Co. — a startup by two investment bankers at Cobblestone | Harris Williams — signed a lease for about 2,000 square feet in Shockoe Slip.
Smokey Pig files for bankruptcy
The shuttered barbecue restaurant was facing more than $600,000 in debt.
The R&D Dept.: Local patents for 5.11.11
Local patents this week for VCU, Capital One, Phillip Morris and a Midlothian humidifier maker. Plus a local inventor has a hand in a patent for Freddie Mac, and someone in Glen Allen wants to patent a pillow case.
CarLotz finds a parking space
Local startup CarLotz, which recently closed on $525,000 in seed capital, has signed a lease for its first location.