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Greater Richmond United Way names new CEO
A familiar face is returning to the United Way of Greater Richmond & Petersburg as its next president and CEO: Barbara Couto Sipe, formerly president and CEO of nonprofit NextUp RVA, will take over leadership of the United Way of Greater Richmond & Petersburg starting June 16, the United Way chapter announced Wednesday. [...]
Arko tries to keep $1.4B TravelCenters of America bid alive
Updated 5:30 p.m. March 28 Henrico County-based Fortune 500 convenience store holding company Arko Corp. is rivaling British oil and gas giant BP in a $1.4 billion bid to acquire Westlake, Ohio-based TravelCenters of America Inc., a publicly traded convenience store chain with 281 retail stores and roadside restaurants in 44 sta[...]
U.Va. commerce alum donates $10M for scholarships
A University of Virginia alumnus, John Connaughton, and his wife, Stephanie, have donated $10 million to fund need-based undergraduate scholarships for McIntire School of Commerce students, the university announced Thursday. U.Va. will match the couple’s gift, which establishes the Connaughton Bicentennial Scholars Fund. P[...]
Capital Square launches subsidiary to oversee multifamily portfolio
Glen Allen-based real estate company Capital Square has launched a wholly-owned subsidiary to oversee management of the company’s multifamily portfolio, the company announced March 20. Capital Square Living will oversee off management of the company’s 55 residential communities, including 14,000 units across the Sout[...]
Martin Agency is Ad Age’s 2023 Agency of Year
Richmond advertising firm The Martin Agency has been named Ad Age’s 2023 Agency of the Year, a year after being named as a standout on the trade publication’s A-List. Ad Age, a global media outlet covering the marketing and advertising industries, cited Martin’s record; the ad agency posted its second-best year[...]
Chesterfield County kicks off $210M mixed-use project
Chesterfield County officials began demolition Tuesday of the former Best Products Co. Inc. building in the Spring Rock Green shopping center to clear the way for the $210 million first phase of the Springline at District 60 mixed-use development. The 42-acre first phase of the project, located on Midlothian Turnpike off Chippen[...]
Four Richmond-area distribution centers sell for $105.6M
A joint venture between Glen Allen-based Lingerfelt and Swiss private investment firm Partners Group bought three Chesterfield County distribution centers and one Hanover County facility for $105.6 million, Lingerfelt announced Friday. The four multi-tenant facilities are 100% leased to 18 tenants and total 1.16 million square f[...]
UR alumni couple donates $25M for student learning center
Carole and Marcus Weinstein, alumni of the University of Richmond, have donated $25 million — the second-largest single gift in the Richmond university’s history — to support a center focused on student learning, UR announced Wednesday. The Carole and Marcus Weinstein Learning Center will be located in the Boatwright M[...]
Hourigan promotes CAO to construction president
Richmond-based construction and development firm Hourigan Group has promoted Bryan Jones to head its construction division, the company announced Tuesday. Jones joined Hourigan in 2016 and served as chief administrative officer before his promotion to president of construction. “Bryan personifies leadership at the highest leve[...]
Lingerfelt buys Chesterfield land to build luxury apartments
Glen Allen-based Lingerfelt Development LLC, a real estate investment management firm, has purchased about 4.5 acres of land in Chesterfield County from Hospitality VII Inc. with plans to build a luxury apartment community. The land is located at 2407 W. Hundred Road in Chesterfield, between U.S. 1 and Interstate 95. The $1.9 mi[...]
Apparel wholesaler plans $50M Hanover facility, 1K jobs
SanMar Corp., the United States’ largest supplier of wholesale printable accessories and apparel, will invest at least $50 million to establish distribution operations in Hanover County and create an expected 1,000 jobs, Gov. Glenn Youngkin announced Thursday. SanMar’s operations, planned to occupy a 1.1 million-squa[...]
Buc-ee’s could open first Va. store in New Kent
A Texas-sized travel center could be coming to New Kent County. Buc-ee’s, which bills itself as having the cleanest restrooms in America and the “friendliest beaver,” has filed a conditional use permit with the county’s planning and zoning department for review and approval of a proposed sign, the county&[...]
