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Recent Articles from Kate Andrews
Report: Bezos, Jay-Z could buy Washington Commanders
Could Beyoncé become a regular presence at Washington Commanders games? It’s within the realm of possibility. According to The Washington Post, Amazon.com Inc. founder and Executive Chairman Jeff Bezos and billionaire rapper Jay-Z (Beyoncé’s husband) may team up to buy the Ashburn-based NFL team, currently owned by Dan and Tanya Snyder. On Wednesday, the Commanders […]
Richmond seeks developers for Coliseum property
Two Richmond city authorities issued a request for interest Thursday to redevelop the area surrounding the Richmond Coliseum into a hotel-anchored mixed-use development, the City Center Innovation District. Owned by Richmond’s economic development authority, the 9.4-acre property includes the shuttered Coliseum and other structures that were part of the failed Navy Hill development proposal.[...]
Thalhimer buys Diamond District properties for $4.6M
TRP Hermitage LLC, an entity connected to Richmond-based Thalhimer Realty Partners Inc., has purchased two industrial properties near The Diamond baseball stadium in Richmond for $4.6 million, S.L. Nusbaum Realty Co. announced Thursday. It was an off-market deal, according to Thalhimer. The plots — 0.735 acres at 1701 Rhoadmiller St. and 0.978 acres at 2508 […]
Dan Snyder may sell Washington Commanders
Daniel and Tanya Snyder are considering selling the Washington Commanders, the Ashburn-based NFL team announced Wednesday. They have hired Bank of America Securities “to consider potential transactions,” according to a news release. Dan Snyder has been under increasing pressure to sell the team in recent weeks, as both he personally and the team’s head office […]
Altria strikes $150M deal with Japan Tobacco
Altria Group Inc., the Henrico County-based tobacco giant, announced Thursday it is partnering with Japan Tobacco Group to sell heated tobacco products in the U.S. and worldwide, placing Altria in direct competition with Juul Labs Inc. and Philip Morris International Inc. The $150 million deal, in which Altria subsidiary Philip Morris USA has a 75% […]
Pharrell’s Mighty Dream forum coming to Norfolk Nov. 1-3
Executives from Google, H&M, Universal Music Group, Yelp and McDonald’s will join Grammy winner Pharrell Williams Nov. 1-3 in Norfolk for his Mighty Dream forum, a sequel to last fall’s Elephant in the Room event. Along with panel discussions and networking events focused on making work and business opportunities more equitable and supporting and growing […]
Genworth insurance co. settles class action for $25M
Richmond-based Genworth Life & Annuity Insurance Co. has settled a class-action lawsuit with 13,400 insurance policy holders for $25 million. U.S. District Judge David Novak of the Eastern District of Virginia approved the settlement Monday. GLAIC, a subsidiary of Fortune 500 life, mortgage and long-term care insurer Genworth Financial Inc., was sued for $5 billion […]
MacKenzie Scott pledges $15M to PATH Foundation
Billionaire philanthropist MacKenzie Scott has pledged $15 million to the Warrenton-based PATH Foundation, an organization that provides grants for health-focused organizations in Fauquier, Rappahannock and Culpeper counties, PATH announced Thursday. Scott, the billionaire ex-wife of Amazon.com Inc. founder Jeff Bezos, has made large donations to many nonprofits and universities, including in Virg[...]
U.S. Navy to open training center in Danville
The Navy on Wednesday launched an additive manufacturing “center of excellence” to train students in defense manufacturing at Danville’s Institute for Advanced Learning and Research, as well as announcing a larger training facility to be built nearby. The center of excellence is part of the 16-week Accelerated Training in Defense Manufacturing (ATDM) program that started [&hellip[...]
Conways make $13M donation to VCU nursing school
McLean philanthropists Joanne and William E. Conway Jr. have given $13 million to Virginia Commonwealth University’s School of Nursing, the university announced Monday. The gift is the largest in the school’s history and will provide more than 1,000 undergraduate and doctoral students with scholarships over the next five years. Bill Conway is co-founder, interim CEO […]
