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Altria subsidiary NJOY sues 34 e-vapor businesses
Henrico County-based Altria Group‘s NJOY e-vapor subsidiary filed a federal lawsuit Thursday against nearly three dozen U.S. and international manufacturers, distributors and retailers of e-vapor products, claiming that the businesses are selling products that are illegal under California’s flavored vape ban. The lawsuit, filed in the U.S. District Court of the Central District of Cali[...]
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 […]
Primis Bank names new president
Rick A. Fulk has been promoted to president of Glen Allen-based Primis Bank, a wholly owned subsidiary of McLean-based Primis Financial, the bank announced Wednesday. “Rick’s promotion to president of our most important division is an exciting moment for our company and demonstrates our commitment to have the bank be the primary driver of our […]
Bon Secours, Anthem reach agreement in $93M dispute
Bon Secours announced Friday it has reached an agreement with Anthem Blue Cross and Blue Shield in Virginia, which the health system sued in August, alleging the insurer owed Bon Secours $93 million in unpaid claims. Although details were not released due to confidentiality agreements between the two parties, Bon Secours said it will drop […]
October 2023 Top Five
The top five most-read daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 14, 2023, were led by the news that Bon Secours filed suit against Anthem in Henrico County Circuit Court. 1 | Bon Secours sues Anthem for $93 million The health system alleges that insurer Anthem Health Plans of Virginia owes unpaid […]
Love at first site
Home to eight Fortune 500 companies and three Fortune 1000 companies, metro Richmond is “punching above our weight” for a region of 1.3 million residents, says Jennifer Wakefield, president and CEO of the Greater Richmond Partnership. For the third year in a row, the Richmond region was named by Business Facilities magazine as a top […]
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 [...]
Henrico office building sells for $66M
Richmond-based Kinsale Insurance has sold a 291,000-square-foot Class A office building on Staples Mill Road in western Henrico County for $66 million. The office, located at 2103 Staples Mill Road, was sold to Salus Federal Properties, a Charlotte, North Carolina-based limited liability company, commercial real estate firm Newmark announced. The building is 100% leased to […]
Henrico shopping center sells for $18.4M
Merchant’s Walk Shopping Center in Henrico County has sold for $18.4 million. Qi Lin, a local investor who in 2022 purchased the Southpark shopping center in Chesterfield County for $5.4 million, purchased Merchant’s Walk, according to Divaris Real Estate. Located at 7580 W. Broad St., Merchant’s Walk is at the intersection of West Broad Street […]
Dominion pitches state on $70M battery storage pilot
Dominion Energy Virginia is asking the state to allow it to test two technologies that it says could lengthen the time its batteries can electrify the grid from an average of four hours to longer than four days. In a 117-page filing made Monday with the State Corporation Commission, Dominion said its Darbytown Storage Pilot […]
Glen Allen shopping center sells for $9.5M
A shopping center anchored by a Michaels craft store in Glen Allen sold for $9.5 million, Cushman & Wakefield | Thalhimer announced. Airport Hotel LLC, of Ellicott City, Maryland, bought Broad Street Plaza, located at 9856-9864 W. Broad St. in Henrico County, on Sept. 12. The four-tenant retail center is 100% leased and includes a […]
UR biz school receives $10M donation
The University of Richmond’s Robins School of Business received an anonymous $10 million gift from an alumnus to establish an endowed scholarship fund, the school reported Thursday. The alumnus studied accounting and finance at UR and stocked groceries to fund his tuition and other expenses, the school said. “Access and affordability are among our highest […]
