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DOJ demands University of Virginia prove it’s dismantling DEI
The University of Virginia's president received a letter from the U.S. Department of Justice's Civil Rights Division calling for the university to produce audio and video from a closed session of its board of visitors last month, as well as show evidence that every division of the university and its health system has dissolved a[...]
Atlantic Union: Q1 Earnings Snapshot
Atlantic Union Bankshares Corporation (AUB) reported first-quarter profit of $49.8 million.
Terracon opens Richmond office
The Greater Richmond Partnership announced Wednesday that Kansas-based multidiscipline engineering and scientific consulting firm Terracon has opened an office in Richmond and is expected to create 25 jobs within the next year.
Richmond warehouse complex with Amazon fulfillment center sells for $97.5M
Stream Realty Partners acquires Richmond warehouse campus for $97.5M and 135-acre Chesterfield site, signaling growing interest in the region.
Dominion Energy shakes up senior executive responsibilities
Fortune 500 Utility Dominion Energy announced Wednesday it’s making major changes to the responsibilities for three senior executives, effective June 1.
Tariffs, policy shifts cloud economic outlook, Barkin says
Richmond Fed President Tom Barkin says U.S. economy looks solid by data, but tariff policies and uncertainty are clouding forecasts and business confidence.
Henrico-based Elephant Insurance to be sold
The U.K.-based Admiral Group is selling Henrico County-based auto insurer Elephant Insurance to J.C. Flowers & Co., a New York-based private investment firm, according to a Tuesday announcement. The deal is for “an undisclosed cash consideration … representing approximately the net asset value of Elephant,” a news rele[...]
Largest industrial building in Richmond market holds groundbreaking
A massive 846,260 square-foot spec industrial facility under construction in southern Chesterfield County is expected to be ready for delivery before the end of the year. New York-based real estate developer PNK Group began construction on the building at 1640 Ashton Park Drive during the first quarter of this year and hosted a [...]
State report calls Richmond water crisis ‘completely avoidable’
The January Richmond water crisis that left hundreds of thousands of residents without water for close to a week, forcing restaurants and other businesses to temporarily close or limit service, was “completely avoidable,” a final report from Virginia Department of Health has determined. In his release of the report late Wedn[...]
Virginia’s Gateway Region adds three localities to footprint
Virginia’s Gateway Region Economic Development Organization announced Thursday that its board of directors voted three additional Virginia localities — the city of Emporia, along with Greensville and Brunswick counties — into its geographic footprint. Based in Colonial Heights, the VGR is a private nonprofit economic d[...]
U.Va. med school faculty, clinical leaders defend those who backed CEO’s resignation
More than a month after Dr. K. Craig Kent resigned as UVA Health’s CEO following an independent investigation and an emergency meeting of the University of Virginia Board of Visitors, drama is still roiling at the university. A group of 21 doctors — U.Va. School of Medicine faculty senators and senators-elect, as well as[...]
University of Virginia Foundation promotes new CEO
The University of Virginia Foundation has named Deborah van Eersel as its next CEO, effective July 1. Currently the foundation’s chief administrative officer, she will succeed Tim Rose, who is retiring after 33 years at its helm, U.Va. announced in late January. The foundation’s directors formally approved the decisi[...]
