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At 10-year mark, CarLotz goes public
Nearing its 10-year anniversary, CarLotz, a used-cars consignment company founded in Chesterfield County, went public on Friday. In October 2020, CarLotz first announced it would merge with special purpose acquisition company Miami-based Acamar Partners Acquisition Corp. — a deal that was approved by stockholders Jan. 8 and closed Friday. The company, which is valued at […]
Shareholders approve Blue Ridge, Bay Banks merger
Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced Thursday its shareholders approved the proposed merger with Richmond-based Bay Banks of Virginia Inc., the parent holding company of Virginia Commonwealth Bank. The transaction would create a bank with a pro forma total market capitalization of nearly $200 million, according to […]
Va. unemployment claims remain high, but new claims drop
Although the number of initial jobless claims filed last week dropped relative to the previous week, unemployment numbers remain high, according to figures released by the Virginia Employment Commission on Thursday. During the week ending Jan. 16, 21,073 Virginians filed initial claims, a 25.3% decline from the previous week, which saw 28,227 people file new […]
Richmond Heritage Federal Credit Union names chairman
The Richmond Heritage Federal Credit Union announced Friday it elected Antione M. Green as its next chairman on Dec. 29, 2020. Green joined the board in 2018. He is the co-founder of the Patrick Henry School of Science and Arts, where he also served as CEO. He also serves as board president of the Richmond […]
Estes subsidiary announces new warehousing company
Richmond-based freight forwarding company Estes Forwarding Worldwide (EFW) announced Thursday the establishment of EFW Warehousing LLC as a result of its acquisition of Lewis Logistics, a warehousing, distribution and logistics company. EFW is a wholly-owned subsidiary of Estes Express Lines and provides domestic and international freight forwarding and logistics services. EFW Warehousing will be [...]
Va. sees highest number of initial jobless claims since July 2020
Last week, more than 28,000 Virginians filed initial unemployment claims — a 44.5% jump from the previous week. This is the greatest number of initial claims reported since July 2020. During the week ending Jan. 9, 28,227 Virginians filed initial claims, which was an increase of 8,697 from the previous week. This could in part […]
Colliers International Virginia names new partner
Colliers International announced Tuesday that Jessica Butterworth has been appointed as a partner at Colliers International Virginia. Since 2018 Butterworth has served as the director of engineering services, a role in which she oversees building engineering services for the Colliers offices in Richmond, Charlottesville, Norfolk, Fredericksburg, as well as Greensboro and Raleigh, North Carolina. A[...]
General Assembly will see limited in-person gatherings, higher security for 2021 Lobby Day
A federal judge said Friday that a dispute over the scheduled closing of the Pocahontas Building, the temporary offices for delegates and state senators during the General Assembly session, has been settled. In December, Virginia state Sen. Bill DeSteph, R-Virginia Beach, sued Senate Rules Committee Chair Sen. Mamie E. Locke, D-Hampton, who announced that the […]
350-unit apartment complex coming to Richmond’s Scott’s Addition
A 350-unit mixed-use apartment building is coming to Richmond‘s Scott’s Addition neighborhood by late 2022 or early 2023, Glen Allen-based real estate investment company Capital Square and Charleston, South Carolina-based real estate developer Greystar announced Thursday. Capital Square and Greystar purchased 2.28 acres of land in Scott’s Addition for $8.6 million that will be us[...]
Dominion names economic development strategy VP
Richmond-based Dominion Energy Inc. announced Wednesday that Felicia Howard has been promoted to the newly created position of vice president of economic development strategy, effective Jan. 1. Howard most recently served as vice president of gas operations for Dominion Energy South Carolina, but will be based in Richmond for her new role. She will oversee […]
Dominion announces $10M scholarship program for minority students
Richmond-based Dominion Energy Inc. announced Wednesday a six-year, $10 million initiative to provide scholarships to minority students who reside in the company’s service area, which includes Virginia, Ohio, North Carolina and South Carolina. This year, Dominion will award $500,000 in scholarships among 60 recipients through its Educational Equity Scholarship Program. “As we witness[...]
Estes Express Lines, family commit $2M to Children’s Hospital of Richmond at VCU
The Children’s Hospital Foundation announced Wednesday that Richmond-based Estes Express Lines donated $150,000 — with another $1.85 million committed from the Estes family — to support the construction of the Wonder Tower at the Children’s Hospital of Richmond at VCU. The 16-story Wonder Tower will be home to the Children’s Hospital of Richmond at VCU’s […]
