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Martin Agency CEO named global head of MullenLowe Group
Kristen Cavallo, CEO of Richmond-based ad firm The Martin Agency, has been promoted to global CEO of MullenLowe Group and will serve in both positions, Interpublic Group (IPG) announced Thursday. IPG is one of the “Big Four” advertising companies, having started in 1930 as McCann-Erickson. Today, it includes dozens of companies, including MullenLowe, Octagon and […]
Maymont issues RFP for $10M infrastructure project
Maymont, a historic public park and estate in Richmond, issued a request for proposals this week for an estimated $10 million infrastructure improvement project for the Maymont Mansion and wildlife habitats. Part of the Maymont 2025 campaign, the project includes replacing the roof of the mansion and modernizing its ventilation, fire suppression and safety. The […]
Richmond seeks developers for Coliseum property
Two Richmond city authorities issued a request for interest Thursday to redevelop the area surrounding the Richmond Coliseum into a hotel-anchored mixed-use development, the City Center Innovation District. Owned by Richmond’s economic development authority, the 9.4-acre property includes the shuttered Coliseum and other structures that were part of the failed Navy Hill development proposal.[...]
Thalhimer buys Diamond District properties for $4.6M
TRP Hermitage LLC, an entity connected to Richmond-based Thalhimer Realty Partners Inc., has purchased two industrial properties near The Diamond baseball stadium in Richmond for $4.6 million, S.L. Nusbaum Realty Co. announced Thursday. It was an off-market deal, according to Thalhimer. The plots — 0.735 acres at 1701 Rhoadmiller St. and 0.978 acres at 2508 […]
CoStar Group breaks ground on $460M Richmond expansion
Washington, D.C.-based CoStar Group Inc., a commercial real estate data and analytics provider, broke ground on its $460 million downtown Richmond expansion Tuesday. Announced in December 2021, the campus will include a LEED platinum certified 21-story, 425-foot tower, 750,000 square feet of office and retail space and another five-story building with an auditorium, mixed-use retail, […]
Lawyers aim to lower barriers to legal advice for startups
It takes a lot to start a business — a marketable idea, available capital and good advice, among other resources. Tricia Dunlap puts legal guidance in the same bucket. A former history teacher who became a lawyer in her 40s, Dunlap started her own Richmond-based law firm, Dunlap Law PLC, in 2015 to help “un-lawyered […]
Exceeding expectations
In the greater Richmond region, local economic development authorities have been hard at work landing new business and securing expansions, and this year those efforts bore fruit, they say. In fact, 2022 has outpaced the past two decades, declares Jennifer Wakefield, the Greater Richmond Partnership’s president and CEO, as the region landed two “megaprojects” — […]
Richmond wellness space gets shot from Jack Daniel’s
On his 33rd birthday, Brelan Hillman learned that BareSOUL Yoga and Wellness was selected as one of six finalists to compete for $10,000 in a pitch contest for Black-owned businesses in Richmond. With just a weekend to prepare, Hillman, a business partner and board member for BareSOUL, crafted his three-minute appeal to connect Richmond’s history […]
HCA’s Tim McManus promoted to national role
HCA Healthcare Inc. is promoting the president of its Richmond-based Capital Division, Tim McManus, to lead its national operating group, effective Jan. 1, HCA announced Tuesday. Dr. William Lunn, who currently serves as CEO of HCA’s Chippenham and Johnston-Willis hospitals, will follow McManus as HCA’s new Capital Division president. The division includes 19 hospitals in […]
Two Va. agencies make Adweek’s fastest growing U.S. agencies list
Two ad agencies that call Virginia home have landed on Adweek’s 2022 list of the fastest-growing U.S. ad agencies, the publication announced Monday. Richmond-based creative agency Dotted Line ranked third on the list of Adweek’s fastest-growing agencies in the Southeast, and No. 22 on the list of the nation’s 75 fastest-growing agencies. Charlottesville-based Willow Tree [&hellip[...]
Va. CEOs say labor shortages, inflation hurting business
Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third quarter CEO Economic Outlook Survey by the University of Richmond‘s Robins School of Business and the Virginia Council of CEOs (VACEOs). More than 80% of […]
Arko to buy Pride convenience stores for $230M
Arko Corp., a Fortune 500 holding company for Richmond-based convenience store chain GPM Investments LLC, announced Monday it has agreed to acquire Pride Convenience Holdings LLC, which operates 30 Pride convenience stores in Massachusetts and one in Connecticut. The $230 million acquisition, plus the value of inventory, would bring Arko into Massachusetts and a total […]
