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Richmond

Petersburg sues to demolish old Ramada
Oct 21, 2024

Former NFL, U.Va. football player indicted on embezzlement charges

Real estate developer Christopher A. Harrison, a former University of Virginia and NFL football player, was indicted last week on federal embezzlement charges connected to a downtown Richmond residential project and Petersburg’s former Ramada Inn, which he purchased in 2018 to redevelop. According to a news release by the U.S. Department of Justice, a grand […]

Atlantic Union to acquire American National Bank
Oct 21, 2024

Atlantic Union to buy Maryland’s Sandy Spring Bank for $1.6B

Atlantic Union Bank is expanding further into Northern Virginia and Maryland with the $1.6 billion purchase of Maryland’s Sandy Spring Bank, an acquisition announced Monday. The two banks’ parent companies, Atlantic Union Bankshares and Sandy Spring Bancorp, have entered into a merger agreement that would create a combined bank with $39.2 billion in assets as […]

Dr. Marlon Levy
Oct 16, 2024

VCU wins approval to start lung transplant surgeries

VCU Health announced Wednesday it has received approval to start lung transplantation surgeries at its Hume-Lee Transplant Center, becoming one of three facilities in the state providing lung transplants. “This will be extremely beneficial for the hundreds of patients living with advanced lung disease in Eastern and Central Virginia,” Dr. Marlon Levy, interim VCU Health […]

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Oct 15, 2024

Allianz named title sponsor of Richmond amphitheater

Allianz Partners will be the naming sponsor for Richmond‘s forthcoming 7,500-capacity, $30 million outdoor amphitheater, the global insurer announced Tuesday. The Allianz Amphitheater at Riverfront, a project led by Charlottesville’s Red Light Ventures and Live Nation, is expected to open next year in time for the summer concert season, according to the announcement. The amphitheater [[...]

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Oct 4, 2024

VCU eyes purchasing Altria’s Richmond research facility

Officials with Virginia Commonwealth University are discussing with the Altria Group the possibility of buying its 450,000-square-foot research building in downtown Richmond, the two parties acknowledged separately this week.  The Altria Center for Research and Technology, which opened in 2007, sits on more than four acres at 600 E. Leigh St. and is assessed for […]

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Sep 4, 2024

Richmond Flying Squirrels’ new stadium will be CarMax Park

With confetti flying and a DJ playing walk-up music for Richmond‘s mayor and other luminaries, the Richmond Flying Squirrels announced Wednesday that Fortune 500 company CarMax will be naming sponsor for the Squirrels’ new ballpark starting with the 2026 season. The replacement for the Richmond Diamond will be known as CarMax Park, officials with the […]

Finance | Insurance 2023: JEFF BENTLEY
Sep 3, 2024

VACUL announces intent to merge with regional group

The Virginia Credit Union League has signed a letter of intent to consolidate with the League of Southeastern Credit Unions & Affiliates, the trade organization representing credit unions in Alabama, Florida and Georgia. Virginia credit unions will decide this fall whether to merge VACUL’s associations, foundations and service corporations with those of the LSCU, with […]

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Aug 22, 2024

Fahrenheit Advisors hires Hampton Roads leader

Richmond consulting firm Fahrenheit Advisors has hired Stephen Hoy as managing director of business development for the Hampton Roads area, the company announced Monday.  Hoy will develop new relationships and support existing clients from Williamsburg to Virginia Beach.  Most recently, Hoy was director of sales and strategic partnerships for Strive, a California company that offers […]

265 Va. companies make 2024 Inc. 5000 list
Aug 13, 2024

265 Va. companies make 2024 Inc. 5000 list

This year, 265 Virginia companies made the Inc. 5000 list of the nation’s 5,000 fastest-growing privately held companies, released Tuesday by Inc. magazine. Ranking at No. 53 overall, Ashburn IT services firm Blu Omega, a woman-owned small business founded in 2020, was the highest-ranking Virginia company on the list. Blu Omega’s clients include federal agencies […]

Retail | Wholesale | Food | Beverage 2023: CHARLES E. TYSON
Aug 12, 2024

LL Flooring files for bankruptcy

LL Flooring, the Henrico County flooring company previously known as Lumber Liquidators, announced Sunday it has entered Chapter 11 bankruptcy proceedings and is pursuing a sale of its business. Also, according to documents filed with the Securities and Exchange Commission, the company has received a nonbinding letter of intent to sell its Henrico County distribution […]

Woman with long curly hair smalls at camera.
Aug 5, 2024

Pechin joins Thalhimer Realty Partners

Less than a year after leaving the City of Richmond to work for the federal government, Maritza Pechin has joined Thalhimer Realty Partners as director of development, the Cushman & Wakefield | Thalhimer subsidiary announced Monday. Pechin was deputy director for the office of equitable development for the city and was heavily involved in the […]

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Aug 1, 2024

Virginia Credit Union-Member One merger approved

Virginia Credit Union’s merger with Roanoke-based Member One Federal Credit Union was finalized Thursday, following a vote by Member One’s customers to approve the deal announced in January. Effective Thursday, Member One becomes a division of VACU “as the organization works toward full integration of its systems and service platforms,” according to a news release […[...]

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