Lustre and co-owner Robin Salzberg last month resolved a long-fought lawsuit filed against them by the Salzberg family’s former nanny.
Local jeweler settles ‘nanny cam’ video voyeurism lawsuit
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.
Medalist REIT unloads Mechanicsville shopping center for $13M
The publicly traded firm sold Hanover Square shopping center in Mechanicsville while also turning down an offer from a vocal shareholder to take the company private.
Euroclassics Porsche to become Porsche Richmond, build new $16M dealership in Midlo
“It’s a lot of time and a lot of money but it’ll be worth it,” said dealer principal Mark Cooke. “I think we’ve outgrown our current space and you either play the game or get out of the game.”
Strasburg’s First Bank to buy locally based Touchstone Bank
“It really is a nice jump start for us to expand our footprint across Richmond and not just in the West End where we’ve been,” First Bank CEO Scott Harvard said of the $47 million deal.
An arrest and indictment tanked his businesses. Now he’s been exonerated.
“I went from everyone in the business world disowning me and not talking me. My mental state was not great and now I’m at an all-time high and I don’t know how to deal with it,” said Eugene Thomas.
Performance Pickleball expanding from Regency to Roanoke
“We’re taking the leap west,” said Lee Warfield, who also is CEO of locally based commercial real estate giant Thalhimer. “We feel like we’ve created a really great brand that’s already well known in the state and in Roanoke.”
Swag seller Brandito makes first private equity-backed acquisition
Brandito’s deal in Fairfield, Ohio, is the latest in a recent streak of acquisitions by Richmond-based companies that are deploying new private equity pools.
Blue Ridge Bank gets shareholder approval for $150M capital raise
The investors leading the raise include most notably Kenneth Lehman, who has a track record of propping up Richmond-area banks in need of capital.
Locally based Flagstop Car Wash acquires three locations from rival chain
“It would take a lot for a competitor to come into the Richmond market and gain any market share from us,” said CEO Jamie Nester. “It would be really hard for somebody to catch up to us.”
C&F Bank swapping branches in Brandermill area
“You’ve got to play offense in Chesterfield. Everyone wants to be in that market,” C&F executive Matthew Steilberg said of the bank’s move into a former Wells Fargo location.