Michael Schwartz

Richmond

Editor at Richmond BizSense

Articles

Thalhimer succession: Robison in as president, Warfield remains CEO

1 day ago | richmondbizsense.com | Michael Schwartz

Richmond’s biggest commercial real estate brokerage has taken a big step in its ongoing leadership succession plan. Thalhimer last week hoisted Eric Robison into the role of president, a title he takes from longtime leader Lee Warfield, who continues as chief executive officer. Warfield had held the dual CEO-and-president role for nearly a decade and said relinquishing the latter to Robison is part of a gradual, years-in-the-making plan for the 530-person firm.
Genworth falls out of Fortune 500, PFG tops local list once again

3 days ago | richmondbizsense.com | Michael Schwartz

Richmond now has one less Fortune 500 company. The region’s latest showing on the coveted annual rankings of corporate revenue dropped a notch after Henrico-based insurance giant Genworth Financial fell out of the top 500 for the first time in recent memory. That leaves seven locally based, publicly traded firms on this year’s list, which was announced by Fortune Magazine on Monday.
Mercedes-Benz dealership revs up major renovation on Broad Street

4 days ago | richmondbizsense.com | Michael Schwartz

Two years after getting a new owner, Mercedes-Benz of Richmond is getting a new look. The auto dealership at 8225 W. Broad St. is underway on a $4 million renovation that will overhaul all parts of its customer-facing interior, including the showroom and service area. Joe Norris, the store’s general manager, said the project started about a month ago and is expected to conclude by November.
Primis Bank files suit over employee theft insurance payout

1 week ago | richmondbizsense.com | Michael Schwartz

Primis Bank can’t quite shake loose from the fallout of a long-running employee theft. The Henrico-based bank is now in a legal battle over insurance coverage to recoup losses it suffered at the hands of former loan officer James Stevens, who for 15 years orchestrated what prosecutors described as a “Ponzi loan scheme” to steal millions from Primis and its predecessors.
Powhatan’s New Horizon Bank shifting ops center to Henrico

2 weeks ago | richmondbizsense.com | Michael Schwartz

As it looks to continue to grow its reach beyond its hometown of Powhatan, New Horizon Bank is shifting some of its operations to Henrico for the first time. The $213 million bank is in the process of relocating its operations center, including its executive offices, from 2442 New Dorsett Circle in Powhatan to 7231 Forest Ave. in the West End.
Henrico looks to rein in data center growth with new White Oak overlay district

3 weeks ago | richmondbizsense.com | Michael Schwartz

Henrico looks to be pumping the breaks on the recent rise of large-scale data center development in certain parts of the county. A special joint meeting of the Henrico Planning Commission and Board of Supervisors is scheduled for this afternoon, where both bodies are expected to consider the adoption of what’s dubbed the White Oak Technology Park Area Overlay District and Technology Boulevard Special Focus Area.
Willow Oaks Country Club tees up $11M upgrade, expansion project

4 weeks ago | richmondbizsense.com | Michael Schwartz

A longtime country club in South Richmond is teeing up a sizable round of upgrades and new additions to its facilities. Willow Oaks Country Club filed plans last month with the city for a multi-phase project that will include a clubhouse expansion, indoor tennis court expansion, new dedicated pickleball courts, a pool house cabana bar, and a new indoor/outdoor golf practice center at its driving range.
Richmond Jet Center finalizes lease extension, upgrade plan at RIC

1 month ago | richmondbizsense.com | Michael Schwartz

Richmond Jet Center is back on more stable ground for at least the next five years after shoring up its relationship with Richmond International Airport. The long-running firm, which is one of two fixed-base operators at RIC, recently entered into an extended lease with the airport, allowing it to continue operating its facilities at 5745 Huntsman Road through January 2031.
Sands Anderson adds Va. Beach law firm to its ranks, pushing deeper into Hampton Roads

1 month ago | ourcommunitynow.com | Michael Schwartz

Share Upon stepping in as president of downtown law firm Sands Anderson earlier this year, Jeff Geiger made clear his ambitions for the firm’s trajectory. “It’s fair to say if you’re not growing, you’re dying,” he said at the time. A few months later, the firm is leaning into that credo. Sands Anderson today will close on a merger to add Virginia Beach law firm Frieden Seery Nuckols & Hahn into its ranks.
Sands Anderson adds Va. Beach law firm to its ranks, pushing deeper into Hampton Roads

1 month ago | richmondbizsense.com | Michael Schwartz

Upon stepping in as president of downtown law firm Sands Anderson earlier this year, Jeff Geiger made clear his ambitions for the firm’s trajectory. “It’s fair to say if you’re not growing, you’re dying,” he said at the time. A few months later, the firm is leaning into that credo. Sands Anderson today will close on a merger to add Virginia Beach law firm Frieden Seery Nuckols & Hahn into its ranks.