A local REIT puts the brakes on a big hotel purchase and then announces an even larger deal; a local pharmaceutical firm does a reverse split on its stock; big bonuses for Brink’s execs; and Owens & Minor executives cash in on tons of stock options.
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.
$1,000 an hour for a lawyer?
Don’t spit your coffee out on your computer screen, but a recent Wall Street Journal report found that a select group of the nation’s top lawyers can now command more than $1,000 an hour. That made BizSense wonder, are there any of Richmond’s top-dog lawyers pulling in anywhere close to that? If so, who and… Read more »
The R&D Dept.: Local patents for 3.2.11
Another dog-related invention patented by a local pet supply manufacturer; a bunch of new patents for Afton Chemical, one for MeadWestvaco, an initial claims patent for a kettle; and as usual, a cigarette-related patent for Philip Morris.
A new growing season is here
The dust has finally settled in the skirmish between a Goochland farming nonprofit and its former executive director. Turns out there were no accounting shenanigans going on. Nevertheless, Goochland will now have two farmers markets.
New dean to lay down the law
The University of Richmond School of Law has found its next leader.
Winter auto sales getting warmer
The road to recovery for local auto dealers continued in January, according to the latest figures from Virginia Automobile Dealers Association.
Monday Q&A: From minor-league ball to major-league deals
Bean Stringfellow and his agency, Proformance, recently secured a five-year, $65 million contract for a Blue Jays player.
Bank moves a step closer to going public
The transformation of Franklin Federal Savings Bank is underway.
Wahoos jump in the shark tank
Six cash-hungry fledgling companies whose heads all have ties to the University of Virginia will give their best pitch for capital next week to a room full of investors. U-Va. is hosting its third annual Venture Summit on March 3 and 4 and is bringing in an audience of investors from across the country. The… Read more »
Nothing golden about it
A Chesterfield housing development that caters to senior citizens has fallen, and it can’t get up. And now the few residents of the unfinished neighborhood are hoping a new developer comes in to help revive the stalled project and revive their dreams of a stress-free retirement.