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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[...]
Apartment buildings in Forest sell for $6.6M
Jefferson Ridge Apartments in Forest sold for $6.6 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group and Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group announced Tuesday. The sale finalized last week. Built in 1995, the 68-unit, 8-building apartment campus is located at 143 Jefferson Rid[...]
Three Lynchburg apartment buildings sell for $8.2M
Three apartment buildings within the Cornerstone community in Lynchburg sold for $8.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The buildings, located at 301 Rotunda St., 121 Colonnade St. and 101 Colonnade St. were built in 2012. They contain a total of 68 apartment units — 46 tw[...]
Richmond consulting firm hires SVP of data and analytics
Richmond-based IT consulting firm UDig has hired Reid Colson as its senior vice president of data and analytics, it announced Tuesday. “With Reid on our team, we are excited to help clients seize opportunities, from creating a single version of the truth to driving value via predictive analytics and machine learning,”[...]
GreenCity arena hopes to draw sports, music acts
When developers unsuccessfully pitched Navy Hill, a $1.5 billion mixed-use project and arena that sought to reinvent Richmond’s downtown, they posed a question: If a major draw like Beyoncé came to town, where would she perform? Now those same developers are aiming to host artists like Justin Timberlake, Green Day and John Le[...]
Richmond hostel sells for $1.8M
The former HI Richmond Hostel sold for $1.8 million, S.L. Nusbaum Realty Co. announced. Located at 7 N 2nd St., the 13,704-square-foot building is expected to remain a hostel. Potomac Area Hostels Inc. bought the building from American Youth Hostels Inc. Thomas Langston and David T. Kalman with S. L. Nusbaum represented the buyer.
Trane distribution facility in Midlothian sells for $14.15M
Fairfax-based Peterson Cos., known for developing National Harbor in Maryland, closed Thursday on its $14.15 million purchase of an off-market distribution facility in Midlothian. The 83,025-square-foot facility, located at 14000 Justice Road, sits on a nine-acre parcel. It was constructed for Ingersoll Rand dba Trane Technologi[...]
