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$1.6B Atlantic Union purchase of Sandy Spring Bank clears main hurdles
The parent companies of Atlantic Union Bank and Sandy Spring Bank have cleared the last major hurdles to the Richmond bank’s $1.6 billion all-stock purchase of Sandy Spring, headquartered in Maryland. The shareholders of Atlantic Union Bankshares and stockholders of Sandy Spring Bancorp approved the merger, first announced[...]
U.Va. Law dean: ‘I see myself as a steward of this place’
Editor’s note: This story by Jason Boleman originally appeared in Virginia Lawyers Weekly. Few in the legal profession can say they attended depositions and kindergarten at the same time. But that was Leslie Kendrick’s reality growing up. The daughter of a “small town mineral and property lawyer” in Floyd County,[...]
CHKD is latest Va. system to halt gender-affirming treatment for minors
Days after UVA Health and VCU Health suspended all gender-affirming medical treatments for people under age 19, Norfolk-based Children’s Hospital of The King’s Daughters has followed suit, a spokesperson confirmed Tuesday. In a statement, CHKD noted that it has never offered surgical treatments to patients. “Wi[...]
Henrico launches office buildings incentive program
During the pandemic, the office industry was “hit hard and quick,” says Jane DuFrane, senior vice president and Richmond market leader of Highwoods Properties, the Richmond area’s biggest landlord. But because office lease contracts last several years, “we didn’t feel the pain of COVID until those office leases[...]
The Virginia Home plans $128M campus in Hanover
The Virginia Home plans to build a $128 million, 75-acre campus in Hanover County, according to a Thursday announcement by the nonprofit, which serves adults with irreversible physical disabilities. The current facility in Richmond will be sold, a spokesperson said. At its location overlooking Richmond’s Byrd Park, The Vir[...]
Altria Group names new board member connected to Hasbro
Hasbro board chair and the toymaker’s former interim CEO Richard S. Stoddart will join the Altria Group board of directors Monday, the Henrico County-based, Fortune 500 tobacco manufacturer announced Thursday. Stoddart will serve as a member of the board’s nominating, corporate governance and social responsibility co[...]
Va. Chamber of Commerce reveals next president and CEO
Cathie J. Vick will be the new leader of the Virginia Chamber of Commerce, starting April 1. The business advocacy organization with more than 30,000 members announced on Tuesday her appointment as president and CEO. Vick is currently vice president of corporate and government affairs at Transurban, one of the world’s larg[...]
$40M Diamond District lawsuit dismissed in Richmond
A Richmond Circuit Court judge dismissed a $40 million lawsuit over the city’s $2.44 billion Diamond District project last week, in which a Connecticut developer claimed its former partners, including Richmond’s Thalhimer Realty Partners, cut it out of the development deal. Judge Bradley B. Cavedo ruled Jan. 22 in fa[...]
Pharma company to invest $54.2M in Richmond R&D facility
Pharmaceutical company Haleon will invest $54.2 million to upgrade its research and development facility in Richmond and launch an internship program in partnership with state government and Virginia Commonwealth University, Gov. Glenn Youngkin announced Monday. The physical upgrades at the facility, located at 1211 Sherwood Ave[...]
Virginia Realtors has a new CEO
Rick Lugg is Virginia Realtors’ new CEO, effective immediately, the trade organization announced Friday. The association’s longtime chief financial officer and chief operating officer, Lugg replaces Terrie Suit, who retired last fall. Martin K. Johnson, Virginia Realtors’ chief external affairs officer, served [...]
Fed approves Atlantic Union-Sandy Spring bank acquisition
Richmond-based Atlantic Union Bank is one step closer to completing its $1.6 billion purchase of Maryland’s Sandy Spring Bank. The Federal Reserve Bank of Richmond, acting on delegated authority from the Board of Governors of the Federal Reserve System, has approved the merger, the parent companies of the two banks announc[...]
New York investment firm purchases Short Pump Station for $54.96M
Nuveen Real Estate, a New York investment management firm, purchased Short Pump Station in western Henrico County from Wafra, an alternative investment managing firm also based in New York, for $54.96 million on Dec. 30, 2024, according to a Tuesday announcement by Wafra and Henrico County records. Grocery retailer Trader Joe[...]
