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Richmond

2025 Virginia Black Business Leaders Awards: Myra Goodman Smith
Jan 30, 2025

2025 Virginia Black Business Leaders Awards: Myra Goodman Smith

Last July, Smith announced her plans to retire in 2025 after 15 years at the helm of LMR, which among other programs offers an annual leadership training course known as Leadership Quest. A Richmond native, Smith spent more than two decades at United Way and is immediate past chair of the Jenkins Foundation, which funds […]

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Jan 28, 2025

Va. Chamber of Commerce reveals next president and CEO

Cathie J. Vick will be the new leader of the Virginia Chamber of Commerce, starting April 1. The business advocacy organization with more than 30,000 members announced on Tuesday her appointment as president and CEO. Vick is currently vice president of corporate and government affairs at Transurban, one of the world’s largest operators and developers […]

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Jan 27, 2025

$40M Diamond District lawsuit dismissed in Richmond

A Richmond Circuit Court judge dismissed a $40 million lawsuit over the city’s $2.44 billion Diamond District project last week, in which a Connecticut developer claimed its former partners, including Richmond’s Thalhimer Realty Partners, cut it out of the development deal. Judge Bradley B. Cavedo ruled Jan. 22 in favor of defendants Thalhimer, a subsidiary […]

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Jan 27, 2025

Pharma company to invest $54.2M in Richmond R&D facility

Pharmaceutical company Haleon will invest $54.2 million to upgrade its research and development facility in Richmond and launch an internship program in partnership with state government and Virginia Commonwealth University, Gov. Glenn Youngkin announced Monday. The physical upgrades at the facility, located at 1211 Sherwood Ave., will allow United Kingdom-based Haleon to accommodate new technolog[...]

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Jan 17, 2025

Va. Bar Association elects 2025 president

A Richmond attorney who leads the family law practice group at FloranceGordonBrown in Richmond will serve as the 2025 president of the Virginia Bar Association, the professional organization announced earlier this month. President of FloranceGordanBrown, Kimberlee Harris Ramsey joined VBA in 1989 and is a past chair of the association’s domestic relations section. Additionally, the […[...]

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Jan 10, 2025

Boston private equity firm to acquire Sauer Brands

Duke’s Mayo and its parent company, Richmond‘s Sauer Brands, will change hands in a deal between Boston-based private equity firm Advent International and North Carolina’s Falfurrias Capital Partners, which purchased Sauer a little over five years ago. Terms of the pending acquisition, which was announced Monday, were not disclosed. Sauer, a family-owned company for more [&hellip[...]

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Jan 9, 2025

Here’s what Richmond Fed chief forecasts for 2025 economy

The economic forecast for 2025 is sunny, with a high chance of business optimism, according to Federal Reserve Bank of Richmond President and CEO Tom Barkin, who spoke Thursday during the virtual 2025 Financial Forecast held by the Virginia Bankers Association and the Virginia Chamber of Commerce. “I went back this morning and looked at […]

Richmond Mayor Danny Avula hosts a news conference Jan. 9, 2025, to deliver updates on the city's water outage.
Jan 9, 2025

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 […]

Gov. Glenn Youngkin on Jan. 8, 2025, discusses a winter storm that led to massive power outages, as well as a water outage affecting the City of Richmond and neighboring counties.
Jan 8, 2025

Richmond water crisis shuts down many restaurants, businesses

Jan. 9 update: Richmond starts water testing, but city remains under boil water advisory “Dry January” became all too literal in Richmond, where most city residents and businesses were struggling with a water outage that started Monday afternoon and was still leaving much of a city with a population of more than 225,000 people without […]

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Jan 7, 2025

Martinsville doctor found guilty of 460+ counts of opioids distribution

A federal court jury in Abingdon found Dr. Joel Smithers, who previously practiced in Martinsville, guilty of 466 federal counts of illegally prescribing Schedule II controlled substances, the U.S. Attorney’s Office for Western Virginia announced Dec. 31, 2024. He was also found guilty of one count of maintaining a place for the purpose of illegally […]

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Dec 27, 2024

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 […[...]

Statewide home sales, inventories rose in November
Dec 20, 2024

Statewide home sales, inventories rose in November

The fall 2024 housing market has outpaced the fall 2023 market across the commonwealth, according to statewide November sales data released Dec. 20 by Virginia Realtors. “For two months in a row now, Virginia has seen double-digit growth in closed sales,” Ryan Price, the trade organization’s chief economist, stated in a news release. In November, […]

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