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Charlottesville

Apr 20, 2022

U.Va. Athletics receives $40M anonymous gift

The University of Virginia’s athletics department has received a $40 million anonymous bequest from a former student-athlete, the university announced Tuesday. The donation is the largest in the Virginia Athletics Foundation’s history. Part of U.Va.’s $5 billion capital campaign, the donation will be used to broadly support the university’s athletic programs, student-athlet[...]

Apr 11, 2022

Focused Ultrasound Foundation names 2 managing directors

The Charlottesville-based Focused Ultrasound Foundation has added two new managing directors. Eliza Vellines Phillips was named last week by the foundation as its new managing director of development, and Rick Hamilton, an inventor who holds more than 1,000 patents, joined as its managing director and chief technology officer. Phillips will lead fundraising and manage development […]

Mar 10, 2022

Newsweek ranks U.Va. Medical Center top Va. hospital

Newsweek ranked Charlottesville’s University of Virginia Medical Center as the No. 1 hospital in Virginia in its World’s Best Hospitals 2022 guide, which was released March 2. “Our team members have faced incredible challenges over the past two years during the COVID-19 pandemic, but they have persevered to provide excellent care for all of our […]

Mar 4, 2022

Thomas O. Ryder joins Focused Ultrasound Foundation board

Thomas O. Ryder, former CEO and chairman of White Plains, New York-based Reader’s Digest Association Inc., has been elected to the board of the Charlottesville-based Focused Ultrasound Foundation. Ryder has served on Amazon.com Inc.’s board for two decades. He worked for Time Inc., CBS and Education Today Co. Inc., where he was a co-founder and […]

CoStar Group Inc. plans to add 750,000 more square feet to its holdings in Richmond, adding an estimated 2,000 jobs. Rendering courtesy CoStar Group Inc.
Feb 27, 2022

In the big leagues

Central Virginia continues to attract pharmaceutical companies, advanced manufacturing sites and distribution centers, with 2021 seeing several major deals from companies that will bring large footprints to the region. Richmond was the leader in the clubhouse, with the city occupying half of the spots on the region’s list of the 10 biggest deals of 2021, […]

Jan 25, 2022

Charlottesville Chamber appoints 3 board members

The Charlottesville Regional Chamber of Commerce appointed three new board members this month, who are starting three-year terms. They are Eric Mayberry of The Daily Progress, Jonathan Chasen of Wells Fargo Advisors and Rebecca Ivins of Hourigan. Chasen is a private wealth financial adviser who started his career with the former Banc of America Investment […]

Blue Ridge Bank President and CEO Brian Plum. Photo by Norm Shafer.
Jan 20, 2022

Blue Ridge Bank, FVCbank merger called off

The merger of the parent companies of Charlottesville-based Blue Ridge Bank and Fairfax-based FVCbank has been called off, the companies announced late Thursday. Blue Ridge Bankshares Inc. and  FVC Bankcorp Inc. mutually agreed to terminate the agreement, which was first announced in July 2021. The companies delayed the merger, which would have created a  $5 […]

Summit Eleven Inc. Chief Operating Officer Joseph Toe (L) spoke with Dr. Xiong Chang, owner of Acupuncture Chang, on Dec. 3, 2021, in Charlottesville. Photo by Matthew R.O. Brown
Dec 31, 2021

Mentorship and management

Brought to you by Virginia Business and Bank of America, in 2021 we hosted a diverse group of six Virginia business leaders for three Diversity Leadership Series events. These virtual fireside chats featured the executives sharing their insights on leadership, their career paths, and diversity and equity. The third installment of our series took place […]

Dec 28, 2021

Charlottesville land sells for $3.5M

Charlottesville-based Riverbend Development purchased 1.15 acres of land in Charlottesville for $3.5 million, with plans for retail development, Cushman & Wakefield | Thalhimer announced Tuesday. Located at 1150 5th St. at the former site of a Hardees restaurant, the property was sold by Rocky Mount, North Carolina-based Boddie-Noell Enterprises Inc., which owns and operates more […]

Dec 22, 2021

U.Va. alumni make $5M gift to fund professorship

University of Virginia alumni Donna and Richard Tadler made a gift of $5 million that will be used to create a professorship of entrepreneurship at their alma mater, U.Va. President Jim Ryan announced earlier this month. The gift will be matched with $5 million more from the university’s Bicentennial Professorship Fund, for a total investment […]

Dec 6, 2021

Diversity Leadership Series: Dr. Xiong Chang and Joseph Toe

  Brought to you by Virginia Business and Bank of America, join us every other month for the Diversity Leadership Series — virtual fireside chats with a diverse group of Virginia business leaders sharing their insights and thoughts on leadership, their career paths, and diversity and equity. Our December 2021 discussion features Dr. Xiong Chang, […]

University of Virginia Darden School of Business Photo by Sam Levitan
Nov 29, 2021

U.Va. Darden takes 9th in Bloomberg MBA program ranking

The University of Virginia’s Darden School of Business tied for No. 9 out of 84 U.S. schools in the 2021-2022 Bloomberg Businessweek Best B-Schools MBA list, released this week. The Darden School dropped from the No. 4 slot that it earned in 2019 and tied with The Wharton School of the University of Pennsylvania this […]

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