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.

Henrico nets 5 submissions for outsourcing Belmont Golf Course management

belmont golf club aerial

A handful of parties have thrown their hats in the ring to potentially take over day-to-day operations of the county-owned Belmont Golf Course in Henrico. The county said last week it received five submissions to a “request for information” it put out in early May, seeking ideas from outside companies to operate and maintain the… Read more »

Shockoe-based firm caps $26M real estate fund

1401 East Cary Street

A downtown wealth management firm’s real estate investment spinoff has closed out its latest eight-figure fund – and already is putting the money to work.

Wells Fargo continues branch trimming

wellsFargo sign

A bank building and an acre of land in the suburbs soon will be up for grabs as a big national player is pulling another pin out of its map of Richmond-area locations.

MGT Construction trustee eyes potential litigation

mgt construction sign

A hired gun of sorts is being brought in by the trustee overseeing the bankruptcy case of MGT Construction, as the hunt continues for assets to repay creditors of the defunct local general contractor. Harry Shaia, the Chapter 7 trustee tasked with recovering money to fill MGT’s eight-figure debt hole, in a filing last week… Read more »