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Lighthouse Labs names new managing director
Debbie Irwin, the former director of the Shenandoah Community Capital Fund, will be the next managing director of Lighthouse Labs, the Richmond accelerator announced Friday. She begins her new role Feb. 26. Irwin is leaving her role at SCCF, another entrepreneurial support organization based in Staunton, where she served for six[...]
Lego delays Chesterfield production start to 2027
Lego Group will begin production at its $1 billion Chesterfield manufacturing facility in 2027, at least a year later than originally planned, the Danish toymaker announced Thursday. The company also named Preben Elnef as project lead and Gray | Hourigan, a joint venture between Lexington, Kentucky-based Gray and Richmond-base[...]
Bills advance to protect state employees who access medical cannabis
RICHMOND, Va. — State lawmakers have advanced bills that would allow public sector employees to use medical cannabis without losing their job. House Bill 149, introduced by Del. Dan Helmer, D-Fairfax, extends to state public employees rights that already exist in the private sector. The bill passed with bipartisan support on a[...]
CEO Hunt leaving Va. Credit Union League
Carrie Hunt is leaving at the end of the month as president and CEO of the Virginia Credit Union League, and Chief Operating Officer Karima Freeman will serve as interim head of the trade association, VACUL announced Tuesday. Hunt, a seasoned political lobbyist, is leaving to become chief advocacy officer of America’s Cred[...]
ODEC keeps interim president and CEO permanently
John C. Lee Jr. will stay on as Old Dominion Electric Cooperative’s permanent president and CEO after serving in an interim capacity since Sept. 8, 2023, the Glen Allen-based not-for-profit power cooperative announced Monday. In October 2023, ODEC began its search for a new president and CEO after Marcus Harris resigned in[...]
Former Concorde Holdings CEO joins Capital Square
Drew Jackson, former president and CEO of Michigan-based Concorde Holdings, has joined Glen Allen-based real estate company Capital Square as senior managing director of private wealth solutions, the firm announced Tuesday. Jackson also joined the executive management team. A Radford University graduate, Jackson has more than 25[...]
Lighthouse Labs announces spring cohort
Richmond-based Lighthouse Labs’ next accelerator cohort of eight startups will include companies creating products for the real estate and health care industries. The 16th cohort since Lighthouse Labs opened in 2012 will be part of the program from March 4 to May 17. The selected companies are: 3D Orthobiologic Solutions, [...]
Historic Richmond apartment building sells for $5.25M
A 32-unit apartment building in Richmond sold for more than $5.52 million on Jan. 16, according to city property records. Located at 3003 Parkwood Ave., The Parkwood was listed on the National Register of Historic Places in 2016. Built in 1941 and designed by well-known Richmond architects J. Binford Walford and O. Pendleton Wri[...]
Richmond City Center project awaits city decision
The City of Richmond continues to evaluate four proposals to demolish the shuttered Richmond Coliseum and redevelop the surrounding downtown area — 9.4 acres comprising the City Center Innovation District. In May 2023, the Richmond Economic Development Authority and the Greater Richmond Convention Center Authority released ren[...]
Martin Agency has new CEO
Danny Robinson is taking over from Kristen Cavallo as CEO of The Martin Agency, parent Interpublic Group of Cos. announced Tuesday. Robinson has been chief creative officer of the Richmond-based ad agency since 2020. Cavallo has headed Martin for the past six years, and IPG named her global CEO of MullenLowe Group 14 months ago.[...]
Apartments in Orange sell for $1.9M
A 48-unit apartment community in the Town of Orange has changed hands, according to One South Commercial. Belleview Apartments LLC purchased a 40,111-square-foot property with 48 units for $1.9 million from Belleview LLP. The apartments are located at 222-224 Bellevue Ave. in Orange. According to town property records, the prope[...]
Fairfax, Petersburg could hold casino referendums
Two pending Virginia State Senate bills would change the list of locations eligible to host a casino, adding Petersburg and Fairfax County to the mix and removing Richmond. On Tuesday, the Senate Committee on General Laws and Technology’s gaming subcommittee met to discuss these and other measures regarding skill games, sp[...]
