A meaty Docket this week. A builder is trying to collect from a restaurant and a customer is suing Kings Dominion for a supposed injury on a roller coaster. And some neighbors are fed up with a load swimming pool next door. Plus some action with law firms themselves this week: One firm is trying to collect a $30,000 build and more unusual, a client is suing his former law firm.
The music has stopped for now, but in several weeks a Richmond recording studio will finish moving to its new space just a few blocks down the street. And a similar business is going to come in to its previous space.
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.
A new tenant leased 2,000 square feet in West Broad Village. Plus lots of action in the medical sector.
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.
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.
Out-of-town investors close on one of the biggest deals this year in commercial real estate.
Apple Reit is at it again, gobbling up more hotels. Plus a member of the board at a local bank calls it quits, and a Chesterfield maker of video games sells $2 million in bonds.
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.
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.