From big industrial deals to continued interest in 2017, both local and out-of-players made waves in the region.
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2017 Richmond Banking Recap: A busy year of M&A and branch shuffling
Mergers and acquisitions made for some of the biggest headlines in local banking news this year, while a continuous game of branch musical chairs was played in the background.
MGT Construction winding down
In the face of a pending lawsuit alleging financial troubles and accounting irregularities, the construction arm of local commercial real estate firm Thalhimer is being put to rest.
Lakeside credit union finds merger partner
A small local financial institution born decades ago out of a box factory has been absorbed by a larger peer.
Hourigan buys big on the Southside
A collection of warehouses on the city’s Southside is set to meet the wrecking ball early next year after a newly assembled development firm laid claim to the property last month. Hourigan Development, a commercial real estate development and consulting company led by CEO Mark Hourigan and President Joseph Marchetti III, announced Friday that it… Read more »
City tweaks operations at permitting, inspections office
Responding to complaints from developers, Mayor Levar Stoney has announced changes aimed at improving operations in the city’s inspections and permitting office.
Broad St. brewpub answers call for expansion
A West End brewery is moving forward with plans to add a back deck and acquire storage space next door.
Redevelopment resumes at stalled Church Hill site
After a sale earlier this year failed to find a suitable buyer, the owners of a long-delayed historic rehab are moving forward with the project with a new development team.
Former Thalhimer manager sues company execs, claims accounting scheme at construction arm
A disgruntled veteran Richmond real estate broker is suing the top brass at his former firm, accusing them of self-dealing and using the company’s employee stock ownership plan as a “tax-free cash warehouse.”
A Descent into the Escape Room: Local operators partner up for warehouse venture
Two Richmond escape room owners have a new Manchester venture up their sleeve – and they’ll do it with a little help from Edgar Allan Poe.