News

Design firm ‘feels vindicated’

A spat between two architecture firms over who came up with the renovation plans for the John Marshall Hotel is settled just before the case was set to go to trial.

Guest Opinion: Fighting for the scraps

This week, business writer Jim Bacon weighs in on the credit situation: To an unprecedented degree in peacetime U.S. history, the federal government dominates the allocation of credit in the economy. As a consequence, politically favored constituencies — real estate, banks, higher education, exports and the green industry, not to mention government itself — are getting all the capital they want, while everyone else fights over the scraps.

Virginia Business Bank hits the reset button

But the ambitious plan requires the bank to raise $20 million and the lifting of a regulatory agreement. The bank seeks to pick up retail customers on the Eastern Shore.

Financial firm chooses Richmond for its home base

Cortview Capital Securities opened for business in Richmond yesterday to compete in the local broker-dealer scene with the help of $125 million from a private equity fund.

Architect strikes back against lawsuit

Todd Dykshorn was sued last month for allegedly misrepresenting the status of two properties that developer Justin French was converting into apartments. He now wants the case tossed out of court, arguing it has no merits.