News

Universal Leaf building under contract

A former lawyer-turned-developer is getting more ambitious in the historic tax project, apartment conversion game. This time he has his sights on turning an office building in Richmond’s near West-End into 88 apartment units.

Trading Day: SEC roundup for local public companies

First Capital Bancorp changes its articles to possibly sell more stock, while a Markel chairman buys more stock for a family trust. Plus bond news at Altria and Media General and stock awards at a handful of local companies.

From big firm to “boutique” firm

Another group of Richmond lawyers has caught the entrepreneurial bug. Fifteen lawyers from several LeClairRyan offices have left the Richmond-based law firm to set out on their own.

Prospect finalizes liquidation plan

A year after one of Richmond’s biggest homebuilders filed for Chapter 11 Bankruptcy protection, most of its property has returned to the lenders, and the company has a final plan to finish liquidating. And now unsecured creditors know what they will be getting.

Bank president makes “tough decision” to retire

With his company having lost nearly $19 million in the last two years and regulatory examiners breathing down the company’s neck, the head of Central Virginia Bankshares announced his plans to retire by year’s end, the company said Friday.

A renter’s market?

The vacancy rate for apartment units in Metro Richmond in the first quarter of 2010 was the highest it has been in five years, reports the real estate research firm Reis Inc.