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Sauer Brands buys top popcorn seasoning brand in U.S.
Richmond-based Sauer Brands Inc. is expanding into popcorn seasoning with the acquisition of Chicago Custom Foods LLC, the company announced Tuesday. CCF makes Kernel Season’s, a brand that makes more than 20 popcorn flavors. Sauer, which owns Duke’s Mayonnaise, The Spice Hunter and its own line of spices and seasoning, did [...]
U.Va. receives $1M gift for COVID-19 research fund
The University of Virginia announced Tuesday it has received a $1 million commitment from Charlottesville-area businessman and investor Paul Manning to establish The Manning Fund for COVID-19 Research, which will support the university’s efforts to develop COVID-19-related research projects. “The Manning Fund for COVID-19 [...]
Juul Labs moving HQ from San Francisco to D.C.
E-cigarette manufacturer Juul Labs Inc. is moving its company headquarters from San Francisco to Washington, D.C., a fact first reported Tuesday by the Wall Street Journal. Henrico County-based Altria Group Inc. holds a 35% stake in Juul, which is cutting about 900 jobs from its 3,000-person global workforce, including about 25%[...]
Capital Square names VP of construction management
Henrico County-based real estate investment company Capital Square announced Tuesday that it has named Michael Ollinger as vice president of construction management. He will be responsible for construction management for existing assets and new development. Ollinger most recently worked as a design and construction consultant [...]
Henrico County restaurant property sells for $2.74M
A restaurant property in Henrico County, located on the outskirts of Regency Mall, has sold for $2.74 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The 3,615-square-foot property is fully leased to First Watch Restaurants Inc., which has a 10-year lease. The property is an outparcel of [...]
Second round of Central Va. COVID-19 Response funding released
The Central Virginia COVID-19 Response Fund, a joint initiative of the nonprofit Community Foundation for a greater Richmond and the Emergency Management Alliance of Central Virginia, awarded its second round of grants this week, bringing the total amount awarded to more than $2 million and the number of regional organizations funded to 52. Since the effort […]
Last remaining corner plot in Henrico County’s Short Pump sells for $5.85M
The last remaining corner plot of land in Henrico County’s Short Pump area has sold for $5.85 million, Cushman & Wakefield | Thalhimer’s Mark E. Douglas said. Located at 12120 W. Broad St., the 12.27 acre vacant, wooded lot is less than one mile from West Broad Marketplace, a shopping center with anchor tenants including […]
Followups: Altria CEO retires
Altria Group Inc. Chairman and CEO Howard Willard, who took a medical leave of absence in March after testing positive for COVID-19, retired from heading the Henrico County-based Fortune 500 tobacco company on April 14. Altria’s board of directors elected former Philip Morris USA President and CEO William F. “Billy” Giffor[...]
Digging deep
The Port of Virginia’s aim to become the deepest port on the East Coast continues apace, even during the COVID-19 outbreak. The $350 million project to dredge the Norfolk Harbor started more than two years early in December 2019. Meanwhile, the Virginia International Gateway (VIG) in Portsmouth and the Norfolk International Te[...]
U.Va., VCU researchers battle pandemic
While health care workers scrambled to keep up with the growing number of COVID-19 cases in Virginia, researchers in Charlottesville and Richmond were working to solve the pandemic. In March, VCU Health liver specialist and cancer researcher Dr. Arun Sanyal began testing remdesivir, an antiviral medication that is showing promis[...]
Highway projects around Virginia
HAMPTON ROADS Hampton Roads Bridge-Tunnel expansion The $3.3 billion Hampton Roads Bridge-Tunnel expansion is the largest construction project in the history of the Virginia Department of Transportation. In February 2019, Hampton Roads Connector Partners, a joint venture led by New York-based Dragados USA, won the design-build c[...]
Hanover County packaging manufacturer making isolation gown material
Hanover County-based packaging manufacturer INDEVCO North America announced Thursday that it’s shifting its manufacturing materials to make materials for protective isolation gowns, worn by first responders and medical workers. The company typically produces house wrapping material under its Barricade Building Products brand, [...]
