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Henrico sends default notices to $2.3B GreenCity project developers
Updated March 10 The $2.3 billion GreenCity development in Henrico County appears to be in jeopardy, unless developers make an overdue payment by the end of the week. Henrico County has sent two notices of default — one in regard to the property purchase agreement and one relating to the development agreement — to the […]
CoStar eliminates some jobs, but plans to add about 1,000 jobs
Arlington County-based real estate data and analytics company CoStar Group on Thursday announced several substantial changes to its Virginia workforce, including the elimination of some jobs and the addition of others. The company said it plans to fill more than 1,000 new positions predominantly in Richmond, including 500 new Homes.com sales professionals. CoStar said that […]
VCU Health resumes gender-affirming care for existing patients, following U.Va. decision
VCU Health and the Children’s Hospital of Richmond at VCU announced Tuesday that the system will resume gender-affirming medical treatments for people under 19 if they are existing patients, but the system will not offer gender-affirming surgeries or medically treat new young patients. VCU Health and UVA Health suspended all gender-affirming medical care for patients […]
Conn. developer files amended complaint in $40M Diamond District lawsuit
After a Richmond Circuit Court judge dismissed a Connecticut developer’s $40 million lawsuit over the city’s $2.44 billion Diamond District project, the developer has filed an amended complaint with a change in language. Judge Bradley B. Cavedo ruled Jan. 22 in favor of defendants Thalhimer Realty Partners, a subsidiary of Cushman & Wakefield | Thalhimer, […]
Sauer Brands acquired by Boston firm; new CEO named
A Boston private equity company completed its purchase of Richmond-based Sauer Brands, which produces Duke’s Mayo, Sauer spices and other food products, the companies announced Wednesday. With the change in ownership comes a new CEO for Sauer. E. Yuri Hermida, most recently executive vice president and chief growth and strategy officer for alcoholic beverage company […]
UVA Health resumes gender-affirming care after federal judge’s order
Updated Feb. 15 A federal judge in Maryland on Thursday issued a temporary restraining order that suspended President Donald Trump’s Jan. 28 executive order banning gender-affirming medical care for people under the age of 19, impacting patients and hospitals across the country, including in Virginia. Trump’s original order — as well as Virginia Attorney Gen. […]
Reed Smith appoints new Richmond office managing partner
Global law firm Reed Smith’s S. Brian Farmer is the new office managing partner in Richmond, the firm announced Thursday. Farmer succeeds Edward Mullen, who is part of the firm’s Richmond-based government relations team that spun off from Reed Smith to create Seven Hills Strategy Group, according to a January news release. Farmer, who previously […]
$1.6B Atlantic Union purchase of Sandy Spring Bank clears main hurdles
The parent companies of Atlantic Union Bank and Sandy Spring Bank have cleared the last major hurdles to the Richmond bank’s $1.6 billion all-stock purchase of Sandy Spring, headquartered in Maryland. The shareholders of Atlantic Union Bankshares and stockholders of Sandy Spring Bancorp approved the merger, first announced in October 2024, in their separate special […]
UVA Health, VCU Health halt gender-affirming treatments for minors
UVA Health and VCU Health systems have suspended all gender-affirming treatments for patients under 19 years old, after receiving a written opinion Thursday from Virginia Attorney General Jason Miyares. In a memo from Miyares titled “Protecting Children from Chemical and Surgical Mutilation,” the Republican attorney general referred to President Donald Trump’s executive order iss[...]
UR students launch food startup — for school credit and profit
Lindsay Batten never thought she’d become a CEO before leaving college, but the University of Richmond senior is beginning her final semester as head of a brand-new startup. The company — which will produce a newly conceived pesto Caesar salad dressing called Envee — is the result of a marketing class focused on entrepreneurship, Bench […]
2025 Virginia Black Business Leaders Awards: Regina Johnson Elbert
Elbert was named to her current post in January 2024, having held human resources and legal leadership roles at Dominion since 2011. She earned her bachelor’s degree at the University of Virginia and law degree from Harvard and was an associate at McGuireWoods previously. Elbert serves on boards for the Center for Energy Workforce Development […]
2025 Virginia Black Business Leaders Awards: Jerrine Lee
Lee joined Richmond Region Tourism in 2016 as its convention and sports services manager, and since then, she’s moved several rungs up the ladder to her current position managing sales teams who bring meetings and conventions to Richmond. Previously, she worked in corporate sales and client relations for the Richmond Flying Squirrels Double-A baseball team. […]
