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Fourth generation is now driving Estes Express Lines
Richmond-based Estes Express Lines, now entering its 92nd year, has promoted Webb Estes to president and chief operating officer, while his father, former president Rob Estes, will continue as board chairman and CEO of North America’s largest privately owned freight carrier. Billy Hupp, another family member who previously was vice president and COO, has transitioned […]
VCU names medical school dean
Dr. Arturo P. Saavedra will be the next dean of the Virginia Commonwealth University School of Medicine and executive vice president for medical affairs at VCU Health, the university announced Monday. His appointment is effective April 15. Saavedra is currently chair of the University of Virginia’s dermatology department and interim CEO of the U.Va. Physicians […]
Richmond apartments sell for $19.3M
Arlington-based Ritz Banc Group has acquired the Forest Ridge Apartments complex in Richmond from Colony Management for $19.3 million, Colliers announced Jan. 4. The apartment community has 135 units and is located in the Stratford Hills neighborhood, at 2665 Granite Hills Circle. Most of the units have townhome-style floorplans. The new owners are planning renovations […]
Atlantic Union transferring stock listing to NYSE
Atlantic Union Bankshares Corp., the Richmond-based holding company for Atlantic Union Bank, announced Friday it is transferring the listing of its common stock and depositary shares from the Nasdaq to the New York Stock Exchange. The bank’s first day of trading on the NYSE is Jan. 18. “We are excited to join the NYSE alongside […]
Richmond receives 5 proposals for City Center project
Five groups of developers sent in proposals to redevelop Richmond‘s newly rebranded City Center Innovation District, a 9.4-acre downtown area that includes the closed Richmond Coliseum, the Richmond Economic Development Authority and the Greater Richmond Convention Center Authority announced Wednesday. An evaluation panel will assess the five entries and pare them down to a short […]
Richmond restaurant refuses service to Family Foundation
A German-inspired restaurant in Richmond canceled a reservation for a conservative political organization’s private event last week, saying in a statement posted online Thursday night that the decision was made to protect their staff, many of whom are women and/or part of the LGBTQ community. The Family Foundation, the organization that had made the reservation, […]
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 […]
