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Altria Group names new board member connected to Hasbro
Hasbro board chair and the toymaker’s former interim CEO Richard S. Stoddart will join the Altria Group board of directors Monday, the Henrico County-based, Fortune 500 tobacco manufacturer announced Thursday. Stoddart will serve as a member of the board’s nominating, corporate governance and social responsibility committee, as well as on the audit and innovation committees. […]
Virginia Realtors has a new CEO
Rick Lugg is Virginia Realtors’ new CEO, effective immediately, the trade organization announced Friday. The association’s longtime chief financial officer and chief operating officer, Lugg replaces Terrie Suit, who retired last fall. Martin K. Johnson, Virginia Realtors’ chief external affairs officer, served as interim CEO. Glen Allen-based Virginia Realtors represents nearly 3[...]
New York investment firm purchases Short Pump Station for $54.96M
Nuveen Real Estate, a New York investment management firm, purchased Short Pump Station in western Henrico County from Wafra, an alternative investment managing firm also based in New York, for $54.96 million on Dec. 30, 2024, according to a Tuesday announcement by Wafra and Henrico County records. Grocery retailer Trader Joe’s is the anchor tenant […]
Richmond starts water testing, but city remains under boil water advisory
On Thursday, Richmond Mayor Danny Avula said that water levels have risen across the city to the point that authorities have started testing samples for contamination and most buildings in the city have at least some running water, four days after the city’s water treatment plant failed following a winter storm. A Jan. 6 power […]
Thalhimer subsidiary purchases Dabney Center for $75M
Thalhimer Realty Partners, a Cushman & Wakefield | Thalhimer subsidiary, has purchased Dabney Center, a 56-acre industrial park in Henrico County, for $75.3 million, the company announced Monday. The complex, which includes 14 buildings and encompasses more than 642,000 square feet, was purchased from Brandywine Realty Trust of Philadelphia. Atlantic Union Bank provided financing for […[...]
Aiming for the fences
When renters tour the new Novel apartment building in Richmond’s Scott’s Addition neighborhood, one fifth-floor vantage point has particular appeal. The windows on the building’s east side look across Arthur Ashe Boulevard onto the site where the Richmond Flying Squirrels’ new baseball stadium, CarMax Park, is expected to open in time for the 2026 season. […]
Virginia mail service improves; second Trump push to privatize USPS ‘unlikely’
U.S. Postal Service operations have continued to improve, but a bipartisan coalition of state leaders say more work is needed to get the service to a level Virginians deserve. Virginia was ranked at the bottom for on-time mail delivery in October 2023, at the start of the federal government’s fiscal year. Just over 66% of […]
Owens & Minor sues Anthem, accusing insurer of mishandling claims
Mechanicsville-based Fortune 500 health care logistics and supply company Owens & Minor filed a federal lawsuit against Anthem Blue Cross and Blue Shield this week, claiming that the Henrico County insurer mismanaged funds for Owens & Minor’s employee health insurance plan and allegedly violated the Employee Retirement Income Security Act, or ERISA. According to the […]
UPDATE: Botanical garden workers vote to unionize
Updated Nov. 22 RICHMOND, Va. – Lewis Ginter Botanical Garden workers voted 37-13 in favor of unionization on Nov. 21. The workers filed for union representation last month amid employee-voiced workplace concerns, which ranged from lack of equipment to safety policies. This is the first group of botanical garden workers to be represented by the […]
ODEC announces next president and CEO
Chris Cosby will become president and CEO of Glen Allen’s Old Dominion Electric Cooperative on Feb. 1, 2025. Cosby succeeds John C. Lee, who has been ODEC’s president and CEO since Sept. 8, 2023, initially serving in an interim capacity. ODEC announced Lee’s retirement, effective Feb. 1, on Monday. He will serve as a senior […]
LL Flooring CEO resigns, effective immediately
LL Flooring President and CEO Charles E. Tyson has resigned effective immediately, the Henrico County flooring company formerly known as Lumber Liquidators announced in a Securities and Exchange Commission document released Friday. The move is not exactly a surprise, coming several weeks after Thomas Sullivan, Lumber Liquidators’ founder and former CEO, purchased 219 LL Flooring stores, [&h[...]
Judge approves LL Flooring’s sale of Sandston plant, assets
A Delaware Bankruptcy Court judge on Monday approved the sale of 219 LL Flooring stores to an entity connected to F9 Group, which is owned by Lumber Liquidators founder and former CEO Thomas Sullivan. The court also OK’d the $104.75 million sale of the bankrupt flooring company’s eastern Henrico County distribution center to an entity […]
