The Chester-based hotelier, which owns more than 60 hotels mostly around the mid-Atlantic, fell behind on loan payments due to the pandemic.
“Whether it was 2,000 years ago at the Roman Coliseum or 400 years ago at a Shakespearean play, it’s just in our DNA that people need to get together,” buyer Scott Ling said of the events business.
LaMar Dixon isn’t giving up on his long-promised business incubator, even if the building it was planned for remains in legal limbo. The local real estate agent and principal of Dixon/Lee Development Group is preparing to open Capital Station, an incubator for first-time entrepreneurs, at 1322 W. Broad St. The VCU-area storefront is about a… Read more »
The retailer filed for bankruptcy in August but Black Friday was a success, foot traffic has picked up and its website has seen sales increase 15 fold.
Gentry Locke outgrew its office space at SunTrust Center within two years and is still adding staff, so the firm is renovating and adding 2,000 square feet.
COVID killed conferences and trade shows and pushed Henrico-based Exhibits Inc. into Chapter 7 liquidation.
The streak of landing big bankruptcy cases comes from the jurisdiction’s reputation as a venue favorable to large debtors.
But a group of homeowners suing to stop a 1.1 million-square-foot distribution facility from being built can amend their complaint and fight on.
Bruce Matson’s law license was revoked last week by the Virginia State Bar after he admitted to pocketing funds from a bankruptcy trust account.
The company’s 115 or so creditors, who are owed a combined $9.25 million, will get about 9 cents on the dollar.