Shift’s decision to wind-down brings to an end a marriage that failed to improve the fortunes of it and CarLotz, both of which struggled after going public through ill-fated SPAC deals.
Michael Schwartz
Longtime Richmond wealth advisor makes first acquisition with deal for C’ville firm
“Charlottesville is very attractive. It allows us to springboard into Roanoke and southwest Virginia very easily,” Dee Ann Remo said of one of the drivers of the deal.
New-to-market bank follows Shake Shack into renewed Willow Place
A $45 billion Pennsylvania-based bank, is the latest big name to sign on at the shopping center, which is under redevelopment at the hands of owner Sauer Properties.
McGeorge unloads Mercedes-Benz stores, the last of its local dealerships
The deal follows last week’s sale of McGeorge’s two Toyota locations, marking the end of the family’s longtime run in the car business.
New $30M Honda dealership planned in Goochland along Broad Street Road
The dealership would rise on a site that was approved eight years ago for a memory care facility. It’s also across the street from a rival car dealership.
Two local credit unions merge, forming $500M institution
The deal combines Partners Financial FCU’s $93.7 million in assets and 7,900 members with that of Argent CU, which has $426 million in assets and 28,000 members.
McGeorge Toyota sold to NoVa dealership group
The long-running Richmond car dealer has handed over the keys to two of its Broad Street stores to an auto group owned by publicly traded Graham Holdings.
Hild’s second attempt at new trial denied by federal judge
The former Live Well Financial CEO still has his pending appeal as a way to potentially overturn his conviction and stay out of prison.
Atlantic Union Bank unloads dozens of branches in $45M sale/leaseback deal
Richmond’s biggest bank has lightened its load as a landlord and brought in some extra capital as a result.
Slideshow: Scenes from Hard Hat Happy Hour at Performance Pickleball
A crowd of more than 300 got an inside glimpse last week of a former Regency department store’s ongoing transformation into a “pickleball paradise.”