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Charlottesville chamber CEO to leave after 7 months
Natalie Masri, president and CEO of the Charlottesville Regional Chamber of Commerce, will leave the organization next month, the chamber announced Monday. Masri started in the role in June. She will depart on Jan. 16, 2024. Rebecca Ivins, chairwoman of the board, will become interim president and CEO. Sasha Tripp, vice chairwom[...]
Gov. proposes $90M to launch ‘Va. Research Triangle’
In a preview of his 2024-26 proposed budget, Gov. Glenn Youngkin announced Monday that he is including $90 million in one-time funds to create “Virginia’s Research Triangle,” a network between the University of Virginia, Virginia Commonwealth University and Virginia Tech to build collaboration in biotechnology,[...]
CFBP fines Atlantic Union Bank for overdraft program
The Consumer Financial Protection Bureau fined Richmond-based Atlantic Union Bank on Thursday for illegally enrolling thousands of customers in checking account overdraft programs, according to a news release. The enrollments took place between 2017 and 2020, according to the bank. The bureau found that Atlantic Union, a subsidi[...]
U.Va. breaks ground on Manning biotech institute
The University of Virginia began construction Friday on the $350 million Paul and Diane Manning Institute of Biotechnology. Paul and Diane Manning launched the institute with a $100 million donation in January. Paul Manning founded PBM Products, which became the world’s largest privately owned infant formula and baby food [...]
Raleigh-to-Richmond rail project receives $1B federal grant
A passenger rail route between Raleigh, North Carolina, and Richmond will receive a $1 billion U.S. Department of Transportation grant, U.S. Sen. Thom Tillis, R-North Carolina, announced Tuesday. The approximate 162-mile route will be along the currently out-of-service CSX Transportation “S-Line” as part of a Southeast corri[...]
Hampton Roads hotel revenues outpace Va., country
Hotel revenues in Hampton Roads outpaced Virginia and the nation through October, according to a report from Old Dominion University’s Dragas Center for Economic Analysis and Policy, citing data from STR, a division of CoStar Group that provides market data on the U.S. hospitality industry. Through October, hotel revenue[...]
Brightpoint promotes Fiege to president
William “Bill” Fiege will be the eighth president of Brightpoint Community College, the Virginia Community College System announced Monday. Fiege will begin his new role on Jan. 2, 2024. Van Wilson has led Brightpoint as interim president since February 2023, after former President Ted Raspiller stepped down from t[...]
Stoney declares candidacy for Va. governor
Richmond Mayor Levar Stoney declared his candidacy for governor Monday, setting up an early contest with U.S. Rep. Abigail Spanberger, who announced her own run for the Democratic nomination last month. The general election will take place in November 2025. If elected, he would be Virginia’s second Black governor, more tha[...]
Timmons tops off $50M HQ in Chesterfield County
Engineering and design firm Timmons Group topped off the last steel beam of its new, $50 million headquarters Friday at Chesterfield County’s Springline at District 60 mixed-use development. The five-story, 150,000-square-foot building is part of the $210 million, 42-acre first phase of the county’s Springline at Dis[...]
Chesterfield shopping center sells for $4.8M
The Corner Shops at Chesterfield Towne Center has a new owner. Midlothian Pike Investments sold the 8,120-square-foot retail center for $4.8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Nov. 22. 1834 East 4 Street LLC purchased the shopping center, located at 11530 Midlothian Turnpike, as [...]
One South Commercial to split from One South Realty
Richmond-based One South Commercial will become a standalone firm, splitting from its 15-year partnership with One South Realty Group, the firm announced Wednesday. The transition will be complete by early 2024. Tom Rosman, director of commercial brokerage, has headed up the commercial division of One South Realty Group since 2008 and will lead the new […]
Sweet Briar College names alumna 14th president
Sweet Briar College will keep Mary Pope Maybank Hutson as its president permanently after serving as interim president since July, the private women’s college announced Thursday. Hutson is the 14th president of Sweet Briar and the Amherst County school’s first alumna president. A 1983 graduate with a degree in intern[...]
