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Recent Articles from Katherine Schulte
LL Flooring receives $194M acquisition proposal
Las Vegas-based holding company Live Ventures has submitted a proposal to acquire Henrico County-based hard-surface flooring retailer LL Flooring Holdings for approximately $194.4 million in cash. Live Ventures, which specializes in the retail and flooring industries, published Thursday the letter sent by its president and CEO, Jon Isaac, to the LL Flooring board the previous […]
Virginia Tech receives $10M gift for endowed scholarship
Preston White, the founder of Virginia Beach-based concrete contractor Century Concrete, and his wife, Catharine, have donated $10 million to Virginia Tech to create an endowed scholarship, the university announced Tuesday. The Whites’ latest gift to Tech, the Preston and Catharine White Endowed Diversity Scholarship, will eventually provide scholarships of $5,000 to $7,500 to about [&hellip[...]
Atlantic Union CEO tapped as American Bankers Assoc. chair-elect
Atlantic Union Bankshares CEO John C. Asbury is the 2023-2024 chair-elect for the American Bankers Association. ABA announced its new board officers and directors on Tuesday, following its annual convention in Nashville, Tennessee. Asbury was the ABA’s 2022-2023 vice chair. He’s a past chairman of the Virginia Bankers Association and the Mid-Size Bank Coalition of […]
Bon Secours taps president of Petersburg, Emporia hospitals
Brenda Woodcock assumed her new role as president of two Bon Secours hospitals in Petersburg and Emporia on Monday. She is the first female president of the of the Bon Secours Southside Medical Center and the Southern Virginia Medical Center, and succeeds John Emery, who Bon Secours named to lead Memorial Regional Medical Center in […]
Construction starts on $80M apartments in Chesterfield
The developer of an estimated $80 million apartment building in Chesterfield County’s Springline at District 60 mixed-use development broke ground at the site on Sept. 28. The James at Springline will have 298 apartments and 28,000 square feet of ground-level retail space. Connecticut-based Collins Capital Partners is the lead developer. The project is scheduled for […]
Bowman appoints first chief revenue officer
Lance Hendrix has been named Bowman Consulting Group’s inaugural chief revenue officer, the Reston-based engineering services firm announced Wednesday. Hendrix, who will be based in Reston, has more than 30 years of engineering and construction management experience focused on the power, renewables and industrials markets. “Lance’s experience and impressive track record in the engine[...]
Chrysler Museum names chief philanthropy officer
Reneé Duval Fairchild is the Chrysler Museum of Art’s new chief philanthropy officer, the Norfolk museum announced Tuesday. Duval Fairchild will work with Erik H. Neil, the museum’s Macon and Joan Brock director and president, and with the museum’s development and membership teams. “Along with her significant experience leading teams and developing strategies for giving, [&hel[...]
Dominion Energy shareholders receive mini-tender offer
Dominion Energy is urging its shareholders to reject a “mini-tender” offer from TRC Capital Investment, the Richmond-based Fortune 500 utility announced Monday. Toronto-based investment firm TRC Capital offered to purchase up to 2 million shares of Dominion Energy‘s common stock for $44 per share in cash, approximately 4.47% below the closing price of Dominion common […]
A rising tide
The Port of Virginia continues to drive commercial real estate activity in Hampton Roads as shipping and logistics companies seek footholds. The region’s office vacancy rate rose this year — from 8.1% at the end of the first quarter to 8.4% at the end of the second quarter — but is “relatively healthy compared to […]
RVA757 Connects releases plan for global internet hub
RVA757 Connects, a nonprofit focused on regional cooperation for economic development in Richmond and Hampton Roads, released on Thursday its 10-point strategic plan for transforming the “megaregion” into the next global internet hub. Virginia is already home to the world’s largest internet hub in Loudoun County’s Ashburn area, which has the world’s greatest concentration of [...]
