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University of Richmond office hires CIO for endowment, assets
Karen Welch will become CIO of Spider Management, the University of Richmond’s investment office, which manages endowments for UR and nonprofits, on July 1.
Lego to build $366M Prince George County warehouse
Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 jobs and expanding its U.S. logistics and distribution network.
DOJ grants University of Virginia extension on DEI response
The University of Virginia has until May 30 to respond to an April 28 letter from the U.S. Department of Justice demanding proof — including video and audio from the U.Va. Board of Visitors' closed sessions — that the university is dismantling and dissolving its diversity, equity and inclusion apparatuses.
Chesterfield County leads Virginia in population growth
Chesterfield County tops Virginia in population growth, fueled by new housing, remote workers, and major employers like Lego seeking a strong workforce.
DOJ demands University of Virginia prove it’s dismantling DEI
The University of Virginia's president received a letter from the U.S. Department of Justice's Civil Rights Division calling for the university to produce audio and video from a closed session of its board of visitors last month, as well as show evidence that every division of the university and its health system has dissolved a[...]
Atlantic Union: Q1 Earnings Snapshot
Atlantic Union Bankshares Corporation (AUB) reported first-quarter profit of $49.8 million.
Terracon opens Richmond office
The Greater Richmond Partnership announced Wednesday that Kansas-based multidiscipline engineering and scientific consulting firm Terracon has opened an office in Richmond and is expected to create 25 jobs within the next year.
Richmond warehouse complex with Amazon fulfillment center sells for $97.5M
Stream Realty Partners acquires Richmond warehouse campus for $97.5M and 135-acre Chesterfield site, signaling growing interest in the region.
Dominion Energy shakes up senior executive responsibilities
Fortune 500 Utility Dominion Energy announced Wednesday it’s making major changes to the responsibilities for three senior executives, effective June 1.
Tariffs, policy shifts cloud economic outlook, Barkin says
Richmond Fed President Tom Barkin says U.S. economy looks solid by data, but tariff policies and uncertainty are clouding forecasts and business confidence.
Henrico-based Elephant Insurance to be sold
The U.K.-based Admiral Group is selling Henrico County-based auto insurer Elephant Insurance to J.C. Flowers & Co., a New York-based private investment firm, according to a Tuesday announcement. The deal is for “an undisclosed cash consideration … representing approximately the net asset value of Elephant,” a news rele[...]
Largest industrial building in Richmond market holds groundbreaking
A massive 846,260 square-foot spec industrial facility under construction in southern Chesterfield County is expected to be ready for delivery before the end of the year. New York-based real estate developer PNK Group began construction on the building at 1640 Ashton Park Drive during the first quarter of this year and hosted a [...]
