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Dominion pitches state on $70M battery storage pilot
Dominion Energy Virginia is asking the state to allow it to test two technologies that it says could lengthen the time its batteries can electrify the grid from an average of four hours to longer than four days. In a 117-page filing made Monday with the State Corporation Commission, Dominion said its Darbytown Storage Pilot [&he[...]
U.Va. receives $50M gift from Breeden Co. founder
Ramon W. Breeden Jr., founder and chair of Virginia Beach-based developer The Breeden Co., has given $50 million to his alma mater, the University of Virginia, to support business education and athletics. University President Tim Ryan announced the gift during a U.Va. Board of Visitors meeting Friday, according to a news release[...]
VCU sets sponsored research funding record
Virginia Commonwealth University set a record for its sponsored research funding — $464.6 million — in fiscal 2023, the Richmond public research university announced Friday. The total is a 14% increase since last year and a 71% increase over five years ago. “I’m proud that research is one of the fastest areas of growth a[...]
Estes trucking subsidiary to buy Minn. supply chain co.
Estes Forwarding Worldwide, a wholly owned subsidiary of Richmond-based Estes Express Lines, plans to acquire Superior Brokerage Services, a Minneapolis-based, single-sourced supply chain company specializing in domestic and international transportation, U.S. customs brokerage services and warehousing. Terms of the deal were not[...]
Glen Allen shopping center sells for $9.5M
A shopping center anchored by a Michaels craft store in Glen Allen sold for $9.5 million, Cushman & Wakefield | Thalhimer announced. Airport Hotel LLC, of Ellicott City, Maryland, bought Broad Street Plaza, located at 9856-9864 W. Broad St. in Henrico County, on Sept. 12. The four-tenant retail center is 100% leased and incl[...]
Liberty University partners with Spirit in pilot pipeline program
Liberty University is partnering with Spirit Airlines in a pipeline program to land aeronautics graduates jobs as pilots amid a national shortage. Spirit, a low-cost airline headquartered in Miramar, Florida, with presences at Richmond and Norfolk’s airports, announced the partnership Thursday. Liberty, which has an aerona[...]
Three Va. universities land on top patents list
Three Virginia research universities have made the National Academy of Inventors’ new list ranking the nation’s universities that were granted the most patents in 2022. The University of Virginia, Virginia Commonwealth University and George Mason University each made the list released Aug. 30, ranking 43rd, 86th and [...]
UR biz school receives $10M donation
The University of Richmond’s Robins School of Business received an anonymous $10 million gift from an alumnus to establish an endowed scholarship fund, the school reported Thursday. The alumnus studied accounting and finance at UR and stocked groceries to fund his tuition and other expenses, the school said. “Access and affo[...]
Dominion announces $14B sale of three natural gas companies
Richmond-based Fortune 500 utility Dominion Energy is selling its three natural gas distribution companies to Canadian pipeline and energy company Enbridge Inc. in a $14 billion deal announced Tuesday afternoon. Enbridge on Tuesday announced that the sale creates the largest natural gas utility franchise in North America. The co[...]
Cushman & Wakefield | Thalhimer hire Richmond VP
Brian Felton has joined Cushman & Wakefield | Thalhimer’s Richmond office as a first vice president focused on industrial sales and leasing, the real estate firm announced Tuesday. Felton was previously a senior leasing manager with San Francisco-based Prologis, where he oversaw a 3.6 million-square-foot portfolio of indus[...]
Richmond casino reintroduced with new name
The corporate backers of a $562 million Richmond casino on Thursday unveiled a new name for the resort casino city voters will consider approving this fall: Richmond Grand Resort & Casino. But not much else appears to be new about the proposed project. Many of the features of the proposed ONE Casino + Resort that […]
Albemarle seeks to expand region’s defense sector
It’s no secret: Albemarle County is banking on the $58 million purchase of 462 acres around a military spy outpost to anchor the region’s defense community. On May 24, the county Board of Supervisors approved a contract to acquire the undeveloped and former farmland tract along along Route 29 adjacent to Rivanna Station — [...]
