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Genworth launches IPO for mortgage insurance subsidiary
Nearly five months after it was first announced, Henrico County-based Fortune 500 insurer Genworth Financial Inc. on Monday launched an initial public offering for its private mortgage insurance subsidiary, Raleigh, North Carolina-based Enact Holdings Inc. Genworth Holdings Inc. (GHI), a wholly owned subsidiary of Genworth Financial, is offering 13.31 million shares of common stock in […]
Midlothian Crossing Shopping Center sells for $6.6M
Midlothian Crossing Shopping Center in Chesterfield County sold for $6.64 million on Sept. 9, Cushman & Wakefield | Thalhimer announced Friday. The 87,938-square-foot strip mall is located at 8501 Midlothian Turnpike at the intersection of Midlothian Turnpike and Powhite Parkway. The property is 95.6% leased and is anchor[...]
Former SunTrust branch in Charlottesville sells for $2.5M
A former SunTrust Bank branch in downtown Charlottesville was recently sold for $2.53 million, Poe & Cronk Real Estate Group announced this week. Anchor Charlottesville Office 2 LLC, a business entity connected to Charlottesville-based Anchor Health Properties, purchased the 18,746-square-foot property at 402 Park St. from W[...]
Dominion Energy to sell downtown Richmond high rise
Dominion Energy is selling its 20-story high rise building in downtown Richmond’s Financial District as the company looks toward a future that includes a hybrid workforce. Mike Frederick, the company’s senior vice president-administrative services, told employees Thursday in a memo that Dominion’s Eighth and Main tower, at 705 E. Main St. will be sold. Real […]
Colonial Downs Racetrack sets $2.23M daily bets record
Bettors laid down a record $2.23 million in average daily wagers on horse races at Colonial Downs Racetrack in New Kent during this year’s annual race meet, Colonial Downs Group announced this week. The total amount bet on races during the seven-week racing season was $46.87 million, and a total of $10.4 million in purses […]
UVA Health hires talent acquisition/retention senior director
UVA Health has hired Charles Bodden as its first senior director for talent acquisition and retention, the Charlottesville-based university health system announced Thursday. Bodden starts his new post on Sept. 27. His initial priorities will include establishing a formal strategy for diversity and inclusion recruitment. “U[...]
Truist donates $1M to U.Va. in memory of S. Buford Scott
Truist Wealth has made a $1 million gift to the Walter N. Ridley Scholarship Program and the University of Virginia Alumni Association in honor of the late Richmond business and philanthropic leader Sidney Buford Scott and the brokerage firm founded by his family, Scott & Stringfellow. The gift establishes a fully endowed Bu[...]
VCU Medical Center names new president
Michael Roussos will be the next president of Richmond’s VCU Medical Center, starting in December, VCU Health System announced Wednesday. Roussos was previously the lead administrator for University Hospital in San Antonio, where he led the hospital’s COVID-19 response. Roussos also aided in the hospital’s transiti[...]
Richmond’s Universal Corp. to acquire Pennsylvania flavoring company
Richmond-based agriculture products supplier Universal Corp. has entered into an agreement to acquire specialty ingredient, flavoring and food company Shank’s Extracts Inc., it announced Tuesday. Founded in 1899, Shank’s is a privately-held company specializing in vanilla extract products. The company, which has more than 200 workers, manufactures more than 2,400 extracts, distillates, natural flavors and […][...]
Richmond’s Style Weekly shuts down after nearly 39 years
After close to 39 years, the Richmond-based alternative weekly newspaper Style Weekly will shut down this week, Editor-in-Chief Brent Baldwin posted on Style’s Facebook page Tuesday. The publication’s closing came three years after Norfolk-based Landmark Communications Inc. sold its Virginia newspapers — The Virgin[...]
Caravati’s building in Richmond sells for $2.03M
The former Caravati’s Inc. building in Richmond sold for $2.03 million, Colliers International in Virginia announced Sept. 2. Located at 104 E. Second St. in the Manchester area, the two-story building has 38,000 square feet. The buyer, 104 E. Second St. LLC, plans to develop the building into 42 apartment units. Construction [...]
VPM hires news director
VPM, Central Virginia’s NPR and PBS public broadcasting affiliate, has hired former Charlottesville Tomorrow News Editor Elliott Robinson as news director. “We are thrilled that Elliott will be leading VPM News,” VPM President and CEO Jayme Swain said in a statement. “With his impressive background in local news, ext[...]
