A Virginia Beach real estate veteran recently arrived in Richmond with money to spend and bought an E. Cary Street office building and a Henrico shopping center as part of his first push into the local market.
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Nonprofit graduates first batch of startups
An upstart nonprofit has spawned its first crop of startups after graduating five companies from its inaugural year-long training program for low-income entrepreneurs looking to start their own businesses.
The Pitch: Advertising and marketing news for June 30, 2015
A packed Pitch this month with new accounts, new ads and awards for local agencies, including a new Geico spot from the Martin Agency, some work for the Redskins and more.
HDL seeks a sale, lender says Chapter 7 imminent
Health Diagnostic Laboratory on Monday took its first step toward a sale of the company, but several obstacles still loom, including a disgruntled lender and potentially more money that would be owed the federal government.
Breaking news: HDL to be sold
Health Diagnostic Laboratory, the embattled downtown blood testing firm, announced today that it is pursuing a sale of the company as it continues to try to work through Chapter 11 bankruptcy.
Symphony scores $1M for outdoor concerts
Closing out its fundraiser five months ahead of schedule, the Richmond Symphony plans to use the funds to buy a large mobile tent it will use to take its show on the road.
Downsized apartment project begins to rise
After cutting the number of units by about half, work is underway on a new apartment building downtown.
Trading Day: Local SEC filings for June 25, 2015
CarMax reports first quarter earnings, Apple REIT announces results of modified “Dutch Auction,” and Altria addresses investors in New York.
HDL continues hunt for new lender
The lab company withdrew a pending agreement for a $30 million line of credit, but it will have some cash coming in after a judge gave OK to go through with an auction of lab equipment.
Old Julep’s space finds new restaurant tenant
The 200-year-old space, left behind by Julep’s when it moved downtown, will soon be reopened as a new dining, whiskey and wine spot.