News

Virginia State Fair seeks bankruptcy protection

The nonprofit company that operates the fair filed for Chapter 11 after failing to work out a deal with its lenders to restructure the $83 million it borrowed to develop its new fairgrounds in Caroline County.

Union First Market Bank to exit TARP

Richmond’s biggest bank is paying $35 million to exit the federal Troubled Asset Relief Program, a move it hopes will boost its stock.

A $2.2 million growth spurt

A fast-expanding biotech lab is making a massive gift to the Science Museum of Virginia to help fund an exhibit on children’s health and physical fitness.

Pipeline: Commercial Real Estate Round Up for 12.2.11

A massive pipeline this week, with two Richmond businesses expanding with tens of thousands more square feet. Plus Advance Auto Parts is adding two locations and more action on from local restaurants.

A payment pickle

Uncle Sam might be getting even more involved at one local bank.

Lawyer moves up — literally

One of the busiest bankruptcy lawyers in Richmond has jumped to a rival firm, but his daily commute won’t change much.

The Docket: Court Roundup for 12.1.11

Lots of collections efforts including one by a landlord. Plus a land dispute involving a 1,435 acre tract in Chesterfield. And a plantiff alleges she was rear-ended in a go-cart race.