A downtown-based real estate firm rid itself of one of several class-action lawsuits it was facing in relation to the merger of several of its funds.
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HDL’s lawyer: ‘We’re starved of cash’
Updated: The laboratory testing firm, once the darling of Richmond startups, has filed for bankruptcy as it faces massive debt, settlement payments to the federal government and lawsuits from two major insurers.
Breaking news: HDL files bankruptcy
With tens of millions of dollars in debt and under pressure by one of its lenders, Health Diagnostic Laboratory filed for Chapter 11 bankruptcy late Sunday. The initial filings indicate that HDL has more than 200 creditors, 30 of which were named in the documents. The company lists assets worth between $100 million and $500… Read more »
College kicks off $13M renovation
A community college is tackling its next big campus upgrade with interior work set to begin on a large academic building that will include the addition of several science labs.
Trading Day: Local SEC filings for June 4, 2015
A local bank announces the death of a long-standing board member, several executives and directors buy and sell shares, and newly public Apple REIT reports first quarter earnings.
Retail startup camps out in vintage trailer
With a refurbished camper from the late ’60s, two former Carytown co-workers are rolling out the next phase of their retail business at local markets.
Hopewell hands out $70k to startups
Betting on some promising startups to revive downtown, the city of Hopewell awarded funding to four new businesses that will move into vacant storefronts along a main retail stretch.
The Broadberry shuffles owners
The owner of two local music venues has sold off his stake in The Broadberry as the concert spot enters into its second year in business.
Late-night Thai spot launches on Broad
Richmond restaurant vets launched a new concept last week just outside the Fan that’s serving up Thai street food until 2 a.m.
Co-working concept spreading to Scott’s Addition
A downtown shared office startup is adding more desks with a second location on the edge of Scott’s Addition, where it plans a $1 million rehab of a Broad Street sub shop.