News

The meter’s running

Mike Scelzi hopes property owners are as obsessed with watching the meter as he is. His young company, Net Metering Inc., offers a system that allows commercial property owners to constantly monitor the electrical consumption of their buildings with the hopes of catching spikes in activity and ultimately saving money.

Making bank, plus a bonus

Fresh off a year of big losses, Community Bankers Trust Corp., a local bank holding company and parent of Essex Bank, increased the base salaries and total compensation of many of its top executives in 2009, according to its latest SEC filing.

Office Sense: Beerland

Office Sense is back. This week we cool off in the Brown Distributing fridges. The local distributor moved into a new facility a year and a half ago.

Markel buys half of local private equity fund

An arm of a local insurance giant has invested in a Richmond-based private equity fund that buys distressed real estate projects with the goal of fixing the management, injecting more money and coming out with a handsome return.