The deal is a new avenue of funding for the 6-year-old, Innsbrook-based company, which historically relied on bank loans using its investor pools as collateral.
CRE investment firm’s first private equity round nets $10M
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.
Shuttered local golf course finds a buyer
Six months after it was left idle by its owner, a course is set to be revived by an out-of-town firm that’s looking to add to its established stake in the market.
Bank to beef up presence in revamped James Center
A South Carolina-based company’s lease will give the property owners a new tenant to build around as heavy renovations continue in one of the complex’s three towers.
Majority investor resigns from Village Bank board
The largest shareholder of the Midlothian-based bank has stepped away from the board, three years after he grabbed his controlling stake with an $8 million infusion.
Union winding down residential mortgage unit
Richmond’s biggest bank will pass the torch of its mortgage origination to a Chicago-based lender with a larger operation.
Markel | Eagle eyes $25M raise
The local private equity firm, which invests in real estate projects, is back in coffer-filling mode for its fourth fund since 2010.
Henrico startup raises $7M, led by local VC firm
Continuing what’s become an annual tradition, a young financial services company has capped off yet another big capital raise.
Gang of McCandlish Holton lawyers go their own way
A group of attorneys has jumped from a larger downtown law firm to start their own operation – and they’ve come out of the gate with three offices statewide.
Simulator-powered golf venue planned near Scott’s Addition
Where Broad Street buses bound for Chinatown once docked, golfers soon will be teeing off.
Former MGT Construction employees to face questions, turn over documents in bankruptcy case
A liquidation trustee is continuing his investigation into the longtime local general contractor that fell into bankruptcy in February.