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Mary Baldwin University announces $5 million gift
William H. “Bill” Goodwin Jr. and his wife, Alice, have made a $5 million gift to Mary Baldwin University to fund the launch of a new hybrid doctor of nursing practice degree program. The prominent Richmond philanthropic couple, who have given tens of millions of dollars to charitable causes, said in a statement that they [&[...]
Virginia expands Medicaid access for legal immigrants
RICHMOND, Va. — Ni Kin became a permanent resident in 2002 at 70 years old, but she was unable to work after moving from Myanmar to Virginia due to mobility problems. Kin required more medical attention related to her condition as she aged, but was unable to see a doctor because she didn’t have insurance, […]
Hampden-Sydney receives $12M gift from alum’s estate
Hampden-Sydney College announced Tuesday it has received a $12 million gift — the second-largest in the history of the 245-year-old private men’s college — from the estate of a 1937 graduate and his wife. The estate of M. Blair Dickinson Jr. and Sarah “Lucile” Lawton Dickinson bequeathed the gift to the college, which Blair Dickinson […]
Graham Holdings Co. to acquire Leaf Group Ltd. for $323M
Arlington-based Graham Holdings Co. announced Tuesday that it has entered into an agreement to acquire Santa Monica, California-based consumer internet company Leaf Group Ltd. in a $323 million, all-cash transaction. Graham Holdings will acquire all outstanding shares of Leaf Group’s common stock at $8.50 per share. The transaction is expected to close in June or […]
Virginia public transit grapples with reduced ridership, zero fare
RICHMOND, Va. — Virginia public transit systems from Northern Virginia to Hampton Roads are looking for a path forward after losing riders and revenue during the pandemic. Some transit systems have been harder hit than others. “We are serving a market of essential workers that can’t stay home; they have to use our service,” said […]
International logistics company announces $61M Norfolk expansion
Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company, plans to expand its operation in Norfolk, investing $61 million and creating 35 jobs, the governor’s office announced Tuesday. A subsidiary of Belgian logistics service provider Katoen Natie, the Norfolk company was established in 2011 at the former Ford Motor Co. assembly plant […]
Va. General Fund revenue jumped 18.5% in March
Virginia’s General Fund revenue for March 2021 increased by 18.5% compared with March 2020, Gov. Ralph Northam announced Tuesday. Total revenue collections rose 9% through March on a fiscal year-to-date basis, which was well ahead of the 3% growth forecast. “Virginia’s solid revenue picture is yet another sign that we are emerging very strong from […]
J&J vaccine put on pause in Va. due to safety concerns
Updated 6:30 p.m. April 13: Virginia health officials say the CDC has confirmed the Virginia woman’s death is connected to their call earlier Tuesday for a pause on use of the Johnson & Johnson vaccine. Earlier: On Tuesday, the Virginia Department of Health immediately put a pause on its use of the Johnson & Johns[...]
COVID roundup: Most of Va. is now in vaccine phase 2
Update, April 13: Virginia Department of Health pauses use of Johnson & Johnson vaccine as Centers for Disease Control and Prevention and the Food and Drug Administration advise halt due to rare blood clot issue. Earlier: The majority of the state has entered the second phase of COVID-19 vaccination as of Monday, opening el[...]
VCU Health distribution facility sells for $8M
A Henrico County property fully leased by VCU Health was purchased by an undisclosed investment group for $8.075 million on April 7. Located at 3008 Mechanicsville Turnpike, the 89,931-square-foot property houses nonpharmaceutical medical supplies and equipment for VCU Health. Since mid-February, the property, a former Pepsi dis[...]
Falls Church retail center to be renovated, rebranded
Falls Plaza, a 10-acre retail center in Falls Church, will begin construction on a renovation mid-April, and will be renamed and rebranded as Birch & Broad. Located at 1200 W. Broad St., the 144,000-square-foot community shopping center will see a façade renovation, new signage, enhanced landscaping, decorative lighting and[...]
Richmond office tower sells for $77M
Richmond’s 15-story Riverside on the James office tower has sold for $77 million, McLean-based American Real Estate Partners LLC (AREP) announced on April 6. Located at 1001 Haxall Point, the 263,752-square-foot building was acquired from AREP by New York-based Opal Holdings and is 95.3% leased. The building’s main tenan[...]
