A Richmond-based real estate fund has gone on a buying binge lately and wants to raise another $2 billion to keep gobbling up more property.
Justin French’s foreclosure drama leaves new restaurant in the lurch.
Once again, we’ve taken the labor out of your pre-Labor Day getaways within three hours’ drive of Richmond. While many of the properties require more than one overnight for the best deal, others appeal to the frugalista in all of us by extending the discounts beyond the holiday.
Union First Market Bank filed suit last week in Chesterfield County Circuit Court in an attempt to recoup $5.5 million from a Midlothian-based homebuilder.
The attorney working to recover funds from a $28 million Ponzi scheme says there are people and entities in Richmond and that may have profited from the alleged fraud.
Essex Bank says that it will not pay the U.S. Treasury its dividend for TARP funds this quarter and that it might close branches.
Two sets of lots in Chesterfield are going to foreclosure.
State records obtained by Richmond BizSense show that developer Justin French has received an unusually large amount of tax credits for renovating historic buildings. Several contractors said that the rehab costs reported by French in his tax credit applications are close to double the typical range.
A Richmond-based private equity fund lost more than half its value when a Florida bank hit the skids. But the fund’s managers and at least one investor remain hopeful that other investments will more than recoup those losses.
Some pricey homes this week in Hanover, Chesterfield and Henrico.