Sign In
Free Newsletter
Genworth Financial moves closer to acquisition
Henrico County-based Genworth Financial Inc. has cleared another regulatory hurdle in its long-delayed takeover bid by China Oceanwide Holdings Group Co. Ltd. On Tuesday, the New York State Department of Financial Services reapproved Oceanwide’s proposed acquisition of Genworth’s New York-based insurance company, Genworth Life Insurance Company of New York (GLICNY). In connection with the reapproval, Genworth […][...]
The Hilb Group acquires Ohio company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Cleveland, Ohio-based Healthcare Liability Consultants Agency Inc., effective March 1. THG also hired the Healthcare Liability Consultants owner owner and medical malpractice insurance specialist Julie Paton as a producer. Financial terms of the acquisition were not disclosed. Founded in 2009, THG […][...]
Virginia ABC stores cut operating hours
Due to the ongoing coronavirus crisis, the Virginia Alcoholic Beverage Control Authority (ABC) is reducing operating hours at all of its statewide retail locations starting Friday, March 27. ABC’s 388 stores across the commonwealth will be open from noon to 7 p.m., seven days a week. ABC stores in the Peninsula Health District, which includes […]
During crisis, Va. distilleries pivot to produce hand sanitizer
Last year, Purcellville-based distillery Catoctin Creek produced 60,000 bottles of whisky. But, this week it will produce 24,000 bottles of hand sanitizer to help hospitals and first responders in need during the coronavirus crisis. Battling the extreme shortage of hand sanitizer, Virginia distilleries have stepped up to fill th[...]
‘We’re going to be here to help you’
Virginia Business virtually sat down with Gary Thomson, managing partner of Richmond-based Thomson Consulting LLC and chairman of the board of the Virginia Society of Certified Public Accountants, to get a feel for how the accounting industry has adapted to doing business during the coronavirus crisis. This is the first of a ser[...]
Va. government procuring medical equipment, Northam says
Update, 5:30 p.m., Tuesday: Two elderly Henrico County residents have died from COVID-19, the Virginia Department of Health reports. They were two of four cases reported last week at the Canterbury Rehabilitation and Healthcare Center, and the statewide fatality number now stands at nine. Earlier: During his daily coronavirus p[...]
Northern Virginia Community College launches COVID-19 emergency fund for students
Northern Virginia Community College (NOVA) Educational Foundation on Monday launched an emergency student aid fund to help students struggling with economic fallout from COVID-19, with a goal to issue $500 grants to at least 1,500 students. More than half of NOVA’s 85,000 students work full- or part-time jobs, according to the community college, and the […]
Death toll reaches 7; Virginia Beach reports first fatality
A man in his 70s has died from COVID-19, the first coronavirus death reported in Virginia Beach and the seventh statewide, according to a statement Monday from the Virginia Beach Health District. The man had underlying health conditions, according to a Monday afternoon news release, and the cause of death was acute respiratory failure. The […]
Va. banks stay open for business, but close lobbies
Virginia banks are open for business during the coronavirus crisis, but many are practicing social distancing by closing their lobbies to the public and only allowing in-person visits by appointment. “Providing safe and reliable service is a key priority for every one of our banks, especially in challenging times,” Virginia [...]
Northern Va. home prices rise, home inventory falls in February
Chantilly-based Long & Foster Real Estate released a report Thursday showing that median home sale prices rose, but home inventory dropped in most of Northern Virginia in February. The Long & Foster Real Estate Market Minute Report studied trends in Alexandria, Arlington, Fairfax County, Loudoun County and Prince Willi[...]
Commercial real estate firms confident they can weather pandemic
Faced with the coronavirus pandemic, Virginia-based commercial real estate firms say they’re pausing transactions in the short term, but are still moving forward with long-term development plans. The firms are also turning their focus toward supporting tenants and landlords through financial difficulties caused by the cris[...]
Richmond developer raises $7M for apartment building in Scott’s Addition
Capital Square Realty Advisors LLC, a Henrico County-based real estate investment and management company, announced Monday that it has raised $7 million from investors for a five-story, 80-unit apartment building in the city’s popular Scott’s Addition neighborhood. Scott’s Collection I, which will be located on[...]
