Fourth quarter and year-end earnings begin rolling in from local banks, while a local REIT prepares for a $7 million public offering and an executive at a downtown company prepares to retire.
Michael Schwartz
Memphis-based bank pulling out of Richmond
The lone local outpost of a $40 billion bank is on the chopping block.
Area golf course sold for $800,000
The last of a trio of once-troubled golf courses east of Richmond is in the hands of a new owner who’s already fast at work on a seven-figure plan to revive the shuttered club.
1960s Scott’s Addition building set for rehab
Two years after buying and immediately selling an old Scott’s Addition building, a local developer has bought the same property back with a plan to use its tried-and-true formula of revamping it into modern office space.
Markel | Eagle closes out $33 million fund
Fresh off the successful flip of the former Circuit City headquarters in Henrico, a real estate-hungry local private-equity firm has a new eight-figure war chest to put into play. It now has raised a total of nearly $150 million in four funds since 2010.
Topgolf’s Richmond property sold to investment firm
The $25 million golf and entertainment venue will have a new landlord when it opens later this year on Westwood Avenue.
Chicago law firm eyes growth in Richmond
With a bullish view on its business prospects in Richmond, a Chicago-based midsized law firm has signed on for a new, larger office downtown.
More LeClairRyan lawyers leave for Baltimore firm’s new Richmond office
Six months after beginning his search for an “A-team” of local attorneys to join him at Whiteford Taylor & Preston’s new Richmond outpost, Vernon Inge has lured his next wave of recruits and found permanent office space for his group.
Union Bank gets regulatory green light for $610M deal
Richmond’s biggest bank last week cleared a hurdle on its path toward acquiring a Northern Virginia peer.
Growth-hungry local insurance firm makes its first 2019 deal
The Hilb Group ended 2018 the same way it ended the previous eight years: on an unrelenting acquisition streak.