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Richmond BizSense
Latest Mayo Bridge redesign shows two car lanes, plus bikes lanes, sidewalks and shared-use path You understand, do you not, that you can avail yourself of all the advantages of bike infrastructure rather than rail… 28 comments
Banking news roundup for 2024: AUB, TowneBank made big …
Dec 26, 2024 · Mergers and acquisitions across all ends of the size spectrum were the hot topic in the local banking sector in 2024. The year began with Virginia Credit Union, one of the region’s largest financial institutions, announcing its plans to merge with Roanoke-based Member One Federal Credit Union.The deal created the third-largest credit union in Virginia with nearly $7 billion in assets ...
Trader Joe’s-anchored Short Pump shopping center sells for $55M
Jan 15, 2025 · More data on a flurry of year-end commercial real estate deals continues to come in, with a Short Pump strip center the latest to change hands as 2024 came to a close. The Short Pump Station shopping center at 11301 W. Broad St. sold late last month for $54.9 million, Henrico County records show ...
Industrial real estate sector stays hot with $67M deal near RIC
Jan 14, 2025 · Another industrial park in eastern Henrico has sold in an eight-figure deal. Last month Ares Management Corp. bought 619,000 square feet worth of warehouse space at 2704, 2708 and 2712 Seven Hills Blvd. for a combined $66.9 million, county records show.
Former Richmond Fed bank examiner charged with insider trading
Nov 18, 2024 · Editor’s note: This story has been updated to include a statement from the Federal Reserve. A former Federal Reserve Bank of Richmond employee is facing criminal and civil charges for allegedly pocketing hundreds of thousands of dollars by using illegal inside information to trade on the stocks of the same financial institutions he was tasked with examining.
New Thai spot taking over former Tio Pablo space in Shockoe …
Jan 15, 2025 · Yak Yai’s landlords will be Paul Keevil and Linda Lauby, who opened Tio Pablo in the building in 2011 and also own nearby Lulu’s and Millie’s Diner. Keevil and Lauby bought the Franklin Street property, along with a handful of others in the area, in 2017 for $1.6 million. Tio Pablo’s 13-year run ended last June, and the Sourinphoumys and Wiphatwibulkit recently signed a lease on the ...
Former Richmond Fed bank examiner pleads guilty to insider trading
Nov 20, 2024 · Among the stocks that he traded on were Capital One and New York Community Bancorp, both of which were under Thompson’s purview at the Fed. For his Capital One trades, court filings state that Thompson last year used information from internal Fed emails showing that the bank’s yet-to-be-released earnings would significantly exceed market estimates.
Longtime employees purchase Car Pool Car Wash chain
Jan 15, 2025 · A pair of seasoned employees are getting behind the wheel of a longtime locally owned car wash chain. Car Pool Car Wash and its five locations in the region were purchased last month by the company’s longtime COO Tyree Brown and CFO Mark Harrison.
Regency breaks ground on new apartments, pivots away from …
Jan 2, 2025 · Purcell Construction is the project’s general contractor, and Poole & Poole Architecture was tapped to handle the design of the apartments. Slusher said the second apartments phase has been two years in the making, and blamed elevated prices caused by the pandemic and interest rate increases for the delay.
Owner of local Real Property Management franchise acquires …
Dec 4, 2024 · The owner of a local residential property management firm is making a leap into the commercial side of the business. Ralph Reahard, who runs the Real Property Management-Richmond Metro franchise, along with attorney and business partner Rob Hunter recently acquired the commercial property management contracts …