A hotel-focused downtown real estate firm is absorbing its sister fund – if no one else wants to buy it. The publicly traded Apple Hospitality REIT announced Thursday it is merging with Apple REIT Ten, a non-listed real estate investment trust that shares the same downtown office and staff. The cash-and-stock deal, valued at $1.3… Read more »
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Law firm giant poaches local talent, plants flag in Richmond
As the springtime lawyer migration continues, a large international law firm has made its first push into Richmond after luring a team of attorneys from Hunton & Williams. Vinson & Elkins, a firm with 650 attorneys in 15 offices around the world, has set up shop downtown with attorneys Daniel LeBey and Chris Mangin, who bring… Read more »
Richmond grabs some screen time in Audi promo
For the latest in its series of online videos for Audi, a Richmond-based production company looked to its backyard for a backdrop. Sites around Richmond are featured prominently in a five-minute promo for the luxury car brand’s new A4 model. It was shot by local studios Park Group and Juicy Films, which are teaming up… Read more »
Taco truck titan takes on former Belvidere at Broad space
Having built a following with his taco-centric food trucks, Patrick Harris is trying his hand at a more upscale venture in a long vacant property at the crossroads of Broad Street’s ongoing downtown evolution. Harris, who owns a fleet of Boka Tako trucks, as well as Boka Tako Bar in the Fan and Southside’s Boka… Read more »
McGuireWoods poaches four more from Reed Smith
A Richmond legal giant has found a fertile hunting ground within the ranks of one of its rivals. McGuireWoods on Tuesday announced another round of attorneys coming over to the firm from Reed Smith, a large law firm with offices in many of the same markets, including Richmond. William Goydan, John Lukanski and Kiran Somashekara… Read more »
Trading Day: Local SEC filings for March 31, 2016
Altria files its annual report, and other SEC filings from Richmond-area companies.
Italian eatery slips out of Shockoe and into the Hilton
With its new space reserved on East Broad Street, a longtime downtown restaurant is checking out of its space in Shockoe Slip. La Grotta restaurant announced Tuesday plans to vacate its space at 1218 E. Cary St. after 20 years in favor of new digs inside the Hilton Richmond Downtown at 501 E. Broad St., site… Read more »
The Pitch: Advertising and marketing news for 3.29.16
Two agencies rebrand and another adds new owners in a busy month for marketing, branding and public relations news.
James Center changes hands
A huge chunk of downtown office space is under new ownership after being threatened with foreclosure. The keys to the three-building, 986,000-square-foot James Center complex were handed over last week to GMACC 2006 C1 East Cary Street LLC, the noteholder of the properties that had previously scheduled to foreclose on the trio of towers at… Read more »
Local law giant heads to Golden Gate, Steel City
Richmond’s biggest law firm is getting bigger in other markets. McGuireWoods last week announced expansions in San Francisco and Pittsburgh, where it lured a pair of experienced attorneys over from rival Reed Smith. Mary Hackett joins McGuireWoods’ Pittsburgh office, while David Powell is on board to man the firm’s first office in San Francisco. Richard… Read more »