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Barkin: Inflation high, but Fed has tools to contain it
Tom Barkin agrees — inflation is too high. But he also says the Fed has the authority to get it back on the right track. That’s what the president and CEO of the Federal Reserve Bank of Richmond told the Richmond chapter of the Risk Management Association on Tuesday at Triple Crossing Beer, a brewery […]
Capital Square promotes asset management execs
Henrico-based real estate investment firm Capital Square has promoted Chris Hirth to senior vice president of asset management and Jerad Nielsen to vice president of asset management, the company announced Tuesday. Hirth joined the firm in 2016 as an asset manager and is responsible for oversight of Capital Square’s portfolio of apartment properties throughout the […]
Richmond Raceway names new president
When Lori Collier Waran was a young girl, she spent a lot of time around Richmond Raceway. Her grandparents lived just blocks away and her grandfather would volunteer to park cars so he could watch races. Sometimes Waran tagged along, too. “The raceway was sort of my playground,” she recalled. Now, the raceway will be […]
Henrico Doctors’ Hospital names new chief medical officer
Dr. Ajit Singh is the new chief medical officer of Henrico Doctors’ Hospital, HCA Virginia Health System announced Wednesday. Henrico Doctors’ Hospital encompasses the Forest, Parham and Retreat campuses. “Ajit values teamwork and is passionate about providing best-in-class care to our patients,” Henrico Doctors’ Hospital CEO Ryan Jensen said in a statement. “We are fortuna[...]
Henrico assisted living facility to become affordable housing
Construction started this week on a $23 million project that will create 86 units of affordable housing in eastern Henrico County, Virginia Supportive Housing announced. Formerly an assisted living facility, Cool Lanes Commons, on the border of Richmond and Henrico, will create 80 one-bedroom apartments and six studio apartments for homeless and low-income people in […]
Henrico office, warehouse building sells for $12.4M
A flexible property with warehouse and lab buildouts in Henrico County sold for $12.4 million, Cushman & Wakefield | Thalhimer‘s Capital Markets Group announced Tuesday. Located at 8040 Villa Park Drive in the Villa Park Business Park, Villa Park I is a 74,862-square-foot property. The property was 94% leased at the time of the sale, […]
Capital Square promotes two executives
Capital Square has promoted Michael Ollinger to senior vice president of construction and development, and Victoria Coates to vice president of acquisition and development, the Henrico County-based real estate investment firm announced Thursday. Both started at Capital Square in 2020, Ollinger as vice president of construction and Coates as acquisitions and development associate. Ollinger oversees[...]
Henrico townhouse complex sells for $18.5M
The Townhomes of Oakley, a 160-unit multifamily property in eastern Henrico County, has sold for $18.5 million, Cushman & Wakefield announced Thursday. Located at 4633 Needham Court near the Richmond International Airport, the property is 99% leased and has eight one-bedroom units, 112 two-bedroom units, 36 three-bedroom units and four four-bedroom units, all of which […]
Markel Corp. names new CIO
Glen Allen-based Fortune 500 insurance and investment firm Markel Corp. has named Morris Taylor as its chief information officer for the company’s insurance operations. Taylor joined Markel in 2018 and served as its head of global technology. He previously spent two decades at Capital One working in a variety technology leadership roles, according to a […]
89 acres near Richmond airport sells for $4.78M
New York-based real estate company Ashley Capital has purchased 89 acres of land near Richmond International Airport in Henrico County for $4.78 million, Cushman & Wakefield | Thalhimer announced April 27. The land, at 7001 S. Laburnum Ave., had been owned by Pruitt Properties Inc. The new owner will use the land for a new […]
Amazon be nimble, Amazon be quick
When it comes to building warehouses and distribution centers, one company has sought out Virginia over and over again: Amazon.com Inc. The e-commerce giant began opening facilities in Virginia in 2006 and since then has opened more than 30 facilities in the commonwealth, with more on the way as it seeks to shrink the time […]
FDA moves toward menthol cigarettes ban
The Food and Drug Administration said Thursday that it plans to ban sales of menthol cigarettes, a billion-dollar industry in which Philip Morris USA has a 9.4% market share. Philip Morris USA, a subsidiary of Henrico County-based Altria Group Inc., manufactures Marlboro menthol cigarettes among its other brands, but R.J. Reynolds Tobacco Co.’s Newport cigarettes […]
