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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” Gi[...]
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 Internationa[...]
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 bra[...]
Cumberland Hospital for Children and Adolescents names medical director
Cumberland Hospital for Children and Adolescents in New Kent County, which treats patients who suffer from chronic illness, brain injury or neurological impairment, announced this week that Dr. Brett Sharp has been named as its medical director, which became effective April 20. Sharp, who has 29 years of clinical experience, has[...]
Central Va. CEOs expect revenues to decline in next six months
A majority of Central Virginia CEOs expect sales revenues to decline during the next six months but don’t expect to significantly reduce their workforces as a result of the economic crisis brought on by the COVID-19 pandemic, according to a follow-up 2020 CEO Economic Outlook Survey released Wednesday by the University of Richmond‘s Robins School […]
Industrial building sells for $2.5M in Richmond
An industrial building in Richmond sold for $2.5 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 2400 Maury St. in Richmond’s Manchester area, the 19,156-square-foot building sits on more than 9 acres of land. The building was previously leased to Esf Trailer Systems LLC, which sold cargo and fl[...]
Pandemic housing market has fewer sellers, higher sales prices
Virginia Business virtually sat down with Larry “Boomer” Foster, president of Long & Foster Real Estate, to get the current pulse on the real estate market in Virginia. The most recent data published was reflective of March real estate transactions in Northern Virginia, but Foster shared insight from the most up-to-date [...]
Hampden-Sydney College receives $2.45M in anonymous donations
Hampden-Sydney College announced Friday that it received two anonymous gifts totaling $2.45 million to establish a biology laboratory and add to the college’s need-based scholarship funding. A $1 million gift will establish the Hinton Baxter Overcash Immersive Biology Laboratory in the Pauley Science Center, which is exp[...]
