Whether he’s skiing in Canada or camping in Montana or hiking the Rocky Mountains, local business owner George Nyfeler makes time away from work the best way he knows how: by taking work with him. The avid outdoor adventurer and president of downtown-based surveying firm Nyfeler Associates said he’s found the most success from project… Read more »
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Studio turns cameras toward Rocketts Landing
A longtime Richmond production studio has set up shop near Rocketts Landing after decades in the Southside. BES Studios has moved into its new space in a building it purchased at 5711 Old Osborne Turnpike, just across city limits in eastern Henrico County. Owner Christi Garrett purchased the 13,600-square-foot building and nearly 8-acre property last… Read more »
Trading Day: Local SEC filings for 6.9.16
A local CEO sells more shares, a downtown bank completes an acquisition in Charlottesville, and two pending mergers take steps forward.
Richmond increases Fortune 500 count to 8
Note: This story has been revised to show that CarMax moved up in its ranking on the list. An earlier version incorrectly stated that the company’s ranking had dropped. Two local companies are among the newest members of the Fortune 500. Eight locally based firms were named this week to the annual list, compiled by Fortune… Read more »
PGA lines up more local sponsors for CCV event
The PGA Tour’s return to Richmond has caught the eye of another wave of sponsors. The Riverstone Group, part of well-known local businessman Bill Goodwin’s CCA Industries, along with TowneBank, have signed on to sponsor the Dominion Charity Classic, a tournament on the PGA’s Champions Tour that will be held at Country Club of Virginia… Read more »
Scott’s Addition-bound payroll firm adds outpost in Texas
Not sitting idle as it waits for its new headquarters to be built in Scott’s Addition, a downtown payroll company is eyeing an opportunity in the Lone Star State. Dominion Payroll Services plans to open an office in Austin, Texas, July 1. The company used web traffic data to its website to determine it had… Read more »
Union marches south, Xenith clears a hurdle
Armed with a foursome that jumped over from another company, a Richmond-based bank has made its move further into the North Carolina market. Union Bank & Trust announced last week the opening of a commercial loan production office in Charlotte. The move was spurred by the addition of a team of commercial bankers from NewBridge… Read more »
Lender forecloses on Shockoe Slip property
Eleven minutes and a $100 bid helped send a downtown building into the hands of its lender. The Shockoe-Cary Building at 19-21 S. 13th St., which sits at the corner of East Cary Street, was foreclosed on at an auction on Wednesday. It is now controlled by Torchlight Investors, a special servicer acting on behalf… Read more »
Union closes acquisition of UVA alum-led firm
Richmond’s largest local bank has sealed a deal in Charlottesville to expand its wealth management business. Union Bank & Trust on Tuesday finalized its acquisition of Old Dominion Capital Management, a Charlottesville-based investment advisory firm that will add its $300 million in assets under management to Union’s $1.9 billion in wealth management assets. Financial terms… Read more »
Developer takes keys to Chinatown bus stop on Broad
Even a rundown old Chinatown bus station has potential when it’s nestled up against the edge of Scott’s Addition. Scott Coleman of Crossroads Development confirmed Wednesday that he’s behind the recent purchase of the No. 1 Bus Tour property at 3121 W. Broad St. CDI Broad LLC bought the site for $730,000 on May 19…. Read more »