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Arko to acquire Transit Energy Group for $375M
Arko Corp., a Fortune 500 holding company for Richmond-based convenience store chain GPM Investments LLC, announced Monday that GPM and some of its subsidiaries have agreed to acquire South Carolina-based Transit Energy Group for approximately $375 million plus the value of inventory. Transit Energy Group has about 150 convenien[...]
Exclusive: Capital Square adds co-CEO
Glen Allen-based real estate company Capital Square has promoted Whitson Huffman to co-CEO, the developer and sponsor of tax-advantaged real estate investments announced Monday. Huffman, 33, will co-lead the company with his father-in-law, Louis Rogers, founder and CEO of Capital Square, a fast-growing real estate investment fun[...]
$55M affordable housing community moves forward in Richmond
The final two phases of Brady Square, a $55 million affordable housing community in Richmond, now have financing and approvals to move forward, developer Dakota Partners announced Tuesday. The Massachusetts developer announced plans for the community in December 2021. Dakota Partners purchased a 14.4-acre parcel at 2200 Brady St[...]
Lynchburg apartments sell for $8.15M
The Gish Flats Apartments in Lynchburg have been sold for $8.15 million, Colliers announced Tuesday. The two buildings at 317 5th St. include 66 units. Eight 8 Properties LLC purchased the apartment buildings from Gish Flats LLC. Gish Flats, near downtown Lynchburg, underwent renovations in 2016, according to Colliers. Charles W[...]
Appian appoints new chief revenue officer
McLean-based cloud computing firm Appian Corp. has named Christopher Jones to serve as chief revenue officer. Jones will lead the company’s sales operations and report directly to Appian CEO Matt Calkins. “Appian has built a leadership position in the low-code industry through superior technology and a compelling vision to [...]
Civica announces plans for $27.8M lab in Chesterfield
Nonprofit drugmaker Civica Rx is investing $27.8 million to establish a new 55,000-square-foot laboratory in Chesterfield County’s Meadowville Technology Park, Gov. Glenn Youngkin announced Thursday. The expansion will add 51 jobs, according to a news release. The company will also host a scale-up manufacturing facility ru[...]
Virginia Tech appoints COO from W&M
Virginia Tech announced Wednesday it has named Amy Stoakley Sebring, currently chief operating officer at William & Mary, as its executive vice president and COO, effective Nov. 1. “I am very pleased to welcome Amy to the university community and our leadership team,” Virginia Tech President Tim Sands said in a statement[...]
Riverside Health System to get new CEO in 2023
Newport News-based Riverside Health System will start 2023 with a transition to a new CEO, the health care system announced Wednesday. Bill Downey will step down after 40 years with Riverside, the past 12 years of which he served as CEO. Riverside’s president and chief operating officer, Dr. Michael Dacey, will take over a[...]
Virginia Tech promotes VP of comms, marketing
Virginia Tech announced Tuesday it has promoted Tracy Vosburgh to be its inaugural vice president of communications and marketing. The university is also renaming its University Relations department to Communications and Marketing. Vosburgh has served as Virginia Tech’s top communications administrator since 2015, when she joi[...]
U.Va. School of Nursing receives $14M donation
The Carlyle Group co-founder, interim CEO and non-executive co-chairman William E. “Bill” Conway Jr. and his wife, Joanne, have committed $14 million to the University of Virginia’s School of Nursing, the university announced Friday. Adding to previous donations, the Conways’ gifts now total $49 million. “O[...]
Massey Center, VCU Health hire cancer exec
Virginia Commonwealth University Massey Cancer Center and VCU Health announced Tuesday that Dr. Paula M. Fracasso, formerly of the University of Virginia, is now the cancer center’s deputy director and senior vice president of the health system’s cancer service line. An oncologist, former pharmaceutical executive and medical[...]
Chrysler Museum names communications director
Norfolk’s Chrysler Museum of Art has named Ashley Grove Mars as its new director of communications. Mars previously spent more than seven years working for the Virginia Zoo, including in marketing and as creative director. She worked as its communications director since March 2021, according to her LinkedIn account. Mars h[...]
