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Central Va. pharma hub strategic plan released
On Tuesday, the Virginia Commonwealth University College of Engineering announced its strategy to turn Central Virginia into an advanced pharmaceutical manufacturing, research and development hub. The strategic plan aims to foster business and job growth in the Richmond-Petersburg area while also expanding access to medicines. The creation of the plan was funded by a $100,000 […]
Biotech firm moving to new Richmond location, creating 250 jobs
Grenova Inc., a Richmond-based sustainable biotech company, plans to move to a larger facility in the city, investing $10.6 million and creating 250 jobs over the next three years, Gov. Ralph Northam announced Tuesday. The company is currently located in the Manchester neighborhood but will move to a larger facility across from The Diamond baseball […]
Genworth files for mortgage insurance biz IPO
Henrico County-based Fortune 500 insurer Genworth Financial Inc. filed paperwork with the U.S. Securities and Exchange Commission Monday for a proposed initial public offering of the company’s mortgage insurance business. J.P. Morgan and Goldman Sachs & Co. LLC will serve as joint book-running managers for the proposed offering of Genworth Mortgage Holdings Inc. (GMHI), a […]
Dominion no longer pursuing second Richmond office tower
Dominion Energy Inc. no longer plans to pursue a second office tower in downtown Richmond. Last week, the Richmond-based utility notified the city that it no longer plans to pursue construction of 700 Canal Place, a proposed 17-floor office tower that would complement 600 Canal Place, a 960,000-square-foot, 20-floor office tower[...]
$60M Hanover industrial development to begin construction in May
A $60 million, five-building industrial development is set to begin construction next month in Hanover County. Northlake II will include approximately 655,000 square feet of Class A industrial space. Construction on the first three buildings will commence in May, with an anticipated completion of spring 2022. The project is bein[...]
UPDATED: Liberty University files $10M suit against Falwell
Liberty University has sued Jerry Falwell Jr. for $10 million, accusing the former president and chancellor of the Lynchburg-based Christian university of breach of contract and fiduciary duty. The suit alleges that Falwell negotiated a salary increase and larger severance package in his 2019 contract while not disclosing to the[...]
Liberty’s renamed think tank names Pompeo, Huckabee as fellows
Liberty University’s newly renamed think tank, the Standing for Freedom Center, has announced a slate of five new fellows, including former Secretary of State Mike Pompeo and ex-Arkansas Gov. Mike Huckabee. Also named as fellows are Abby Johnson, an anti-abortion activist who used to work for Planned Parenthood, and Libert[...]
UVA Health hires chief diversity & community engagement officers
Charlottesville-based UVA Health has named Dr. Tracy M. Downs as the health system’s inaugural chief diversity & community engagement officer, effective July 1. A urologist who specializes in the surgical treatment of urologic cancers, Downs previously served as associate dean for diversity and multicultural affairs and as a professor of urologic oncology for the University […]
The Breeden Co. names CFO for Breeden Construction
Virginia Beach-based real estate development firm The Breeden Co. has promoted Angie Loew to vice president and chief financial officer of its Richmond-based Breeden Construction division. Loew joined Breeden in 2004 as a commercial accountant and served most recently as divisional controller of the company’s general contr[...]
VCU Health distribution facility sells for $8M
A Henrico County property fully leased by VCU Health was purchased by an undisclosed investment group for $8.075 million on April 7. Located at 3008 Mechanicsville Turnpike, the 89,931-square-foot property houses nonpharmaceutical medical supplies and equipment for VCU Health. Since mid-February, the property, a former Pepsi dis[...]
Richmond office tower sells for $77M
Richmond’s 15-story Riverside on the James office tower has sold for $77 million, McLean-based American Real Estate Partners LLC (AREP) announced on April 6. Located at 1001 Haxall Point, the 263,752-square-foot building was acquired from AREP by New York-based Opal Holdings and is 95.3% leased. The building’s main tenan[...]
Henrico industrial facility purchased for $7.8M
On April 7, Richmond-based commercial real estate investment firm Lingerfelt CommonWealth Partners LLC announced it had acquired an industrial facility in Henrico County for $7.8 million. Located at 4300 Carolina Ave., the 223,479-square-foot industrial facility is located in the Richmond Distribution Center complex near Richmon[...]
