More turnover in the top ranks of a local company, a REIT decides not to consolidate four of its funds and take them public, plus more details on a local bank’s recent capital raise.
News
Former Wyeth plant sold again
The Rebkee Company sold the building Tuesday for $1.9 million to a heating and air conditioning company.
SportsQuest facing foreclosure
Shaw Industries Group, the company that manufactured and financed the artificial turf at SportsQuest, is pushing to foreclose on 120 acres at the troubled Chesterfield sports complex.
Breaking Ground: Building Permits for 5.16.12
Tons of new homes and a few new apartment buildings. Plus a $3 million addition to a local girls private school and new parking garage downtown.
Another at-bat for RISE
A Chesterfield business hired two former SportsQuest coaches — including a former major league coach — to revive its baseball training program.
An addition for Plus MGT
A 46-unit apartment building in Shockoe Bottom sold this month for $3 million.
Receiver would weigh down Aloft Hotel, owner says
The owner of a Short Pump hotel that defaulted on its $19 million loan says there’s no need for a receiver to take over the property, despite the demands of its lender.
The Herd: Promotions, new hires and departures for 5.15.12
Moves this week in marketing, finance and more.
Petersburg hotel files bankruptcy
The American Inn on County Drive near Fort Lee filed for Chapter 11 protection, listing assets of $1 million to $10 million and liabilities in the same range.
Monday Q&A: A lock on every door and a foosball table in every lounge
Developers are making big bets on large-scale student apartment projects, but that type of housing comes with special legal challenges.