Several of HDL’s former higher-ups, including two of its co-founders, will be able to tap into some of the company’s insurance policy to cover legal fees, although several argued that the money won’t be enough.
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The Pipeline: Commercial real estate roundup for Dec. 11, 2015
An investment firm leases nearly 30,000 square feet downtown, Walmart buys 18 acres in Henrico County and a memory care facility buys land in Chesterfield for more than $1 million.
Amid acquisition deal, bank plans new branch
Awaiting approval to be acquired by a North Carolina company, a local bank is continuing expand, finally developing a property it has owned for years in Hanover County.
Charlottesville brewery jumps on Scott’s Addition beer wave
With a spot next to the upcoming Gather co-working space on West Broad Street, a Charlottesville brewery is getting in on the action in Scott’s Addition.
Developer sells last Arboretum building for $6.75M
Updated: The Charlotte-based firm that developed a large Chesterfield County office park has exited the Richmond office market after selling a building to the company behind the John Marshall rehab project.
With massive plan, group goes to bat for The Diamond
Another private-sector team is entering the field of debate over the baseball stadium and is hoping to save The Diamond by building up a large mixed-use development around it.
Charity donation startup sold to benefits firm
A company that helped people manage their charitable donations has been sold to another firm, which will weave its services into the employee benefits business.
New pitch contest giving startups the stage
Aiming for young companies without any previous competition wins, a longtime business mentorship program is accepting applications for its first pitch contest that will give out cash and free office space.
On a roll, restaurant group plans sushi spot in Short Pump
With a burger restaurant in the works on the Boulevard and another venture planned downtown, a local restaurant group is keeping the momentum going with another sushi and steak house in a new Short Pump development.
Petersburg property set for $6M apartment rehab
Luring a Richmond developer to Petersburg, a former manufacturing warehouse is set to be converted into 62 apartments as the city continues to grow.