Move over, CarMax. Richmond will soon be home to a second publicly traded used car retailer.
CarLotz to go public with Nasdaq listing and $300M capital raise
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.
Scores are in for BizSense’s BrightSuite Fall Invitational at Independence Golf Club
A foggy start to the day didn’t dampen the mood at BizSense’s first annual BrightSuite Fall Invitational golf tournament held Monday at Independence Golf Club in Midlothian. And the captain’s choice, par-72 event ended in a photo finish. Two teams tied for first place, each with a combined 57 strokes for a 15-under… Read more »
Innsbrook-based firm bets on suburban office market with $30M deal in Maryland
Amid debates about the future of office space fueled by the rise of remote working, John Levy isn’t ready to write off the suburban office model just yet.
PGA tourney tees off in CCV ‘bubble’
Precautions and pandemic-induced restrictions are required for this week’s Dominion Energy Charity Classic at CCV’s James River Course.
Raleigh-based bank grabs former Village Bank branch in Chesterfield
First Citizens Bank purchased the property at 6551 Centralia Road for $1.75 million and plans to open its own branch there.
Sentencing delayed again in former MGT Construction employee’s criminal case
Patrick Lindsey, who ran the books at the now-defunct arm of Richmond real estate giant Thalhimer, on Oct. 1 requested and received an extension until Jan. 6.
Virginia Credit Union gains an edge in legal battle with Virginia banks
An examiner recommended upholding the disputed approval of VACU’s application to offer membership to the 10,000-member Medical Society of Virginia.
The RVA 25: Announcing Richmond’s fastest-growing companies for 2020
Editor’s note: The RVA 25 is ranked by average annual revenue growth over the previous 3 years (2017-2019 for this edition).
Richmond-area banks flush with deposits
While Richmonders appear to have been socking away cash over the last year, there’s also been continued shuffling in the upper ranks of the region’s battle for bank deposits.
‘Cut off like a light switch’: Henrico convention supply company goes bankrupt after 60 years
Exhibits Inc., which had been in business for 60 years, saw its revenue run dry in an instant after the coronavirus pandemic hit.