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Fertility testing startup to establish $1.4M Albemarle HQ
Life sciences startup PS-Fertility Inc. will invest $1.4 million to establish its headquarters and operations in Albemarle County and plans to create 31 jobs, Gov. Glenn Youngkin announced Wednesday. PS-Fertility Inc. will commercialize a male fertility diagnostic technology that was originally developed at the University of Virginia. The company will lease 4,000 square feet at […]
VCU names medical school dean
Dr. Arturo P. Saavedra will be the next dean of the Virginia Commonwealth University School of Medicine and executive vice president for medical affairs at VCU Health, the university announced Monday. His appointment is effective April 15. Saavedra is currently chair of the University of Virginia’s dermatology department a[...]
Exclusive: Colliers names new Va. exec. managing director
Colliers has named Jamie Thomas executive managing director and brokerage market leader for Virginia, effective Monday, the company told Virginia Business. Thomas, a Richmond native and Virginia Commonwealth University graduate, replaces J. Scott Adams, whose role shifted to prioritize client services and investment sales across[...]
Richmond apartments sell for $19.3M
Arlington-based Ritz Banc Group has acquired the Forest Ridge Apartments complex in Richmond from Colony Management for $19.3 million, Colliers announced Jan. 4. The apartment community has 135 units and is located in the Stratford Hills neighborhood, at 2665 Granite Hills Circle. Most of the units have townhome-style floorplans[...]
Atlantic Union transferring stock listing to NYSE
Atlantic Union Bankshares Corp., the Richmond-based holding company for Atlantic Union Bank, announced Friday it is transferring the listing of its common stock and depositary shares from the Nasdaq to the New York Stock Exchange. The bank’s first day of trading on the NYSE is Jan. 18. “We are excited to join the NYSE al[...]
$1.2B WillowTree purchase completed
Telus International Inc.’s $1.225 billion purchase of Charlottesville-based software company WillowTree Inc. has been completed, the Canadian tech company said Wednesday. The acquisition was announced in October 2022. The purchase included $210 million of assumed debt, of which $125 million was to be settled in Telus subordinate voting shares. Approximately $160 million will be reinvested […][...]
BWXT names general counsel
Lynchburg-based BWX Technologies Inc. has promoted Ronald O. “Chip” Whitford Jr. to senior vice president, general counsel, chief compliance officer and corporate secretary, the Fortune 1000 federal contractor announced Wednesday. The promotion was effective Tuesday. Whitford, who joined BWXT in 2017 and has most rec[...]
New VCCS chancellor set to start April 1
The Virginia State Board for Community Colleges on Wednesday announced that it hired David Doré to lead the state’s 23 community colleges. Doré currently serves as president of campuses and executive vice chancellor for student experience and workforce development at Tucson, Arizona-based Pima Community College, where mo[...]
BWXT names chief digital officer, SVP
Lynchburg-based Fortune 1000 federal contractor BWX Technologies Inc. has named Omar Meguid senior vice president and chief digital officer, the company announced Tuesday. Meguid’s position was effective Jan. 1. He is responsible for BWXT’s digital platform supporting business operations in the United States, Canada [...]
U.Va. leads Pentagon hypersonic project
Like a “Top Gun” fighter pilot, Christopher Goyne feels the need for speed. Goyne directs the University of Virginia’s Aerospace Research Laboratory and leads a new team developing hypersonic engines that will enable more maneuverable missiles, jets and — eventually — spacecraft via a $4.5 million Department of Def[...]
Richmond receives 5 proposals for City Center project
Five groups of developers sent in proposals to redevelop Richmond‘s newly rebranded City Center Innovation District, a 9.4-acre downtown area that includes the closed Richmond Coliseum, the Richmond Economic Development Authority and the Greater Richmond Convention Center Authority announced Wednesday. An evaluation panel [...]
Hilb Group acquires Ga. insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers. Financial terms of the acquisition, which became effective Dec. 1, were not disclosed. “Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on ou[...]
