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Chesterfield Towne Center sells to New York, Swiss companies
Chesterfield Towne Center, the largest enclosed mall in the Richmond area, was sold on Dec. 12 to JRE Partners and Anastacia AG for an undisclosed amount.
Altria CEO Billy Gifford to retire in 2026
Altria Group announced Thursday that its CEO, Billy Gifford, has decided to retire, effective May 14, 2026.
Gainesville automation company acquired by Naviant
Naviant announced last week that it has acquired Versivo, a Gainesville-based business process automation provider.
Manufacturer to invest $4.9M in Franklin County expansion
Cornerstone Building Brands will invest $4.9M to expand its Franklin County manufacturing campus, adding 50 jobs and boosting capacity.
Electra launches defense business unit
Manassas-based aviation startup Electra.aero on Wednesday announced that it has launched a new defense business unit.
HII investing $28M for Hampton manufacturing facility
Newport News-based Fortune 500 contractor Huntington Ingalls Industries is investing $28 million to create an aircraft carrier and submarine manufacturing plant in Hampton, the city's mayor said Wednesday.
Curaleaf agrees to buy Central Virginia medical marijuana operation for $110M
The Cannabist Co. entered into an agreement to sell all ownership interests of its Virginia subsidiary for $110 million to a Curaleaf Holdings company.
Sterling drone startup joins unicorn ranks
Heven AeroTech, a Sterling-based developer of hydrogen-powered UAS, has reached unicorn status with a $100 million Series B funding raise.
Hooker Furnishings to sell two brands for $4.8M
Martinsville-based Hooker Furnishings is selling two case goods brands to Magnussen Home Furnishings for approximately $4.8 million.
Departing Port of Virginia CEO to join ferrying company
Virginia Port Authority CEO Stephen A. Edwards, who announced in November that he would be stepping down at the end of the year, will be CEO of ferry infrastructure company Hornblower Group at the start of 2026.
JMU focuses on strengths for strategic planning
JMU President Jim Schmidt outlines plans to boost rural health care, expand nursing programs and strengthen civility on campus.
Investment advising in the AI era
When wealth advisers and clients meet these days, it’s likely an AI tool will join in some capacity. As seems true of every industry right now, artificial intelligence is transforming wealth management and, by virtue, the adviser-client relationship. It might be tempting to predict — as some analysts have — that AI cou[...]
