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Construction starts on $80M apartments in Chesterfield
The developer of an estimated $80 million apartment building in Chesterfield County’s Springline at District 60 mixed-use development broke ground at the site on Sept. 28. The James at Springline will have 298 apartments and 28,000 square feet of ground-level retail space. Connecticut-based Collins Capital Partners is the lead[...]
Virginia Tech professor named MacArthur Fellow
Linsey Marr, a university distinguished professor and the Charles P. Lunsford Professor of Civil and Environmental Engineering at Virginia Tech, on Wednesday was named one of this year’s 20 MacArthur Fellows. A prestigious award known as the “genius grant,” the fellowship is awarded annually by the John D. and [...]
Hampton Roads real estate veteran to retire
Lisa Chandler, president and principal broker of Berkshire Hathaway HomeServices RW Towne Property Management, announced her retirement Wednesday. Chandler will leave at the end of October after more than 40 years in real estate. Berkshire Hathaway and Virginia Beach-based Rose & Womble Realty merged in March, bringing more [...]
Dominion pitches new solar projects to SCC
Dominion Energy is pitching the State Corporation Commission on several solar projects that could generate enough carbon-free electricity to power nearly 200,000 homes. The projects, presented in the Fortune 500 utility’s fourth annual clean energy filing with the state, include six solar projects totaling 337 megawatts an[...]
Friendship retirement community acquires Richfield Living
Friendship, a Roanoke-area retirement community, announced Monday that it has acquired Richfield Living, a former competitor in the region, for $62 million. Friendship announced the acquisition Monday. The combined not-for-profit retirement communities will operate under the name Friendship, but will keep Richfield Living’s name and identity, and will have 1,000 employees serving 1,500 residents, according […][...]
Va. Kaiser employees set to picket in Springfield
More than 75,000 Kaiser Permanente workers across the nation are threatening to strike beginning Wednesday morning if union leaders cannot come to an agreement on a new labor contract with the health care company, but Kaiser says it would only minimally impact “a few optometry departments and pharmacies in Virginia.” U[...]
McGuireWoods Consulting taps education team lead
Richmond-based McGuireWoods Consulting has named former Virginia Secretary of Education Laura Novey to lead its national education team, the firm announced Tuesday. Novey joined the consulting firm affiliated with the state’s largest law firm in 2017 as senior vice president, after serving as executive assistant to the p[...]
Reid retiring as Dominion Energy Services president
Carter Reid, executive vice president, chief of staff and corporate secretary of Dominion Energy, as well as president of Dominion Energy Services, will retire Jan. 1, 2024, the Richmond-based utility announced Monday. Carlos Brown, Dominion’s senior vice president, chief legal officer and general counsel, will be promoted[...]
VSE calls off $100M sale of business to equity firm
Alexandria-based distribution and maintenance provider VSE Corp. has called off an agreement to sell off its federal and defense segment for up to $100 million to Louisiana-based private equity firm Bernhard Capital Partners. The deal was announced in May, and the companies said in a news release Wednesday that they mutually agreed to terminate the […]
Dominion Energy shareholders receive mini-tender offer
Dominion Energy is urging its shareholders to reject a “mini-tender” offer from TRC Capital Investment, the Richmond-based Fortune 500 utility announced Monday. Toronto-based investment firm TRC Capital offered to purchase up to 2 million shares of Dominion Energy’s common stock for $44 per share in cash, approximately 4.4[...]
Virginia Natural Gas names chief admin officer
Virginia Natural Gas has named Shannon Pierce as its vice president of strategy and chief administrative officer, the Virginia Beach-based utility announced Monday. Pierce, a native of Surry, most recently served as vice president of growth and chief external affairs officer at SouthStar Energy Services, a subsidiary of VNG̵[...]
Nasdaq triggers delisting process for Urban One
Nasdaq has begun the delisting process for Urban One, the Maryland-based media company behind the proposed casino in Richmond, because it has not filed quarterly finance reports for fiscal year 2023 on time. The stock exchange’s notification does not affect trading of Urban One or its presence on Nasdaq yet; according to a[...]
