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Richmond City Council approves Diamond District
Richmond City Council members voted unanimously Monday to approve the $2.44 billion Diamond District mixed-use development, which aims to include a replacement for the 38-year-old stadium of the Double-A Richmond Flying Squirrels baseball team by the end of 2025. Councilors also approved an ordinance to convey 61 acres of city-o[...]
Tree-trimming companies merge, announce new leaders
Two national tree-trimming and vegetation management companies have merged and announced new leadership. The merger of Norfolk-based Xylem Tree Experts with Lawrenceville, Georgia-based Kendall Vegetation Services was backed by Connecticut-based private equity firm Sterling Investment Partners. The new company will have dual h[...]
IT contractor to add 90 jobs in Fairfax
Reston-based Dev Technology Group will invest $366,000 to expand in Fairfax County, adding 90 jobs, Gov. Glenn Youngkin announced Monday. The investment includes 10,000 square feet of additional office space. Founded in 1998, Dev Technology Group provides IT services to the federal government, including the Department of Homeland Security, the Commodity Futures Trading Commission, multiple […][...]
Hampton Roads Chamber exec retires
In her 33 years with the Hampton Roads Small Business Development Center, Debra Hamilton Farley helped launch 252 businesses that created more than 9,000 jobs. Now, she’s taking a break — Farley retired on April 28. “Debra’s contributions to the small businesses community she has served over her sterling career is in[...]
757 Collab announces promotions
After announcing a new managing director in April, 757 Collab announced more leadership changes and promotions to its umbrella organization May 3. Hunter Walsh, previously a program manager for 757 Startup Studios, a coworking space in Norfolk where selected entrepreneurs can set up offices at no cost and receive mentoring, beca[...]
Blue Ridge Bank names CEO
G. William “Billy” Beale became CEO of Blue Ridge Bank National Association on Sunday, giving the bank a leader separate from that of its parent company, Charlottesville-based Blue Ridge Bankshares Inc. “I am excited to have the opportunity to join this team at a critical time in the banking industry,” Beale said in a st[...]
VCU Health paid $72.9M to back out of development
VCU Health paid nearly $73 million to back out of a $325 million development deal earlier this year, according to Dr. Marlon Levy, CEO of the health system and Virginia Commonwealth University’s interim senior vice president for health sciences. The project, known as the Clay Street Project, included plans for a medical [...]
Convenience products distributor to double size in Salem
Layman Distributing, a woman-owned wholesale distributor of convenience and grocery store products, will invest $6.8 million to expand in Salem, adding 42 jobs, Gov. Glenn Youngkin announced Friday. The company will relocate to a facility at 2157 Aspersion Drive, doubling its current square footage and operational capacity. Founded in 1948, the company is currently located […]
Agtech startup to invest $25M in Albemarle expansion
Agricultural biotech startup AgroSpheres will invest $25 million to expand in Albemarle County, creating an estimated 50 jobs, Gov. Glenn Youngkin announced Thursday. The company will increase production at its facility at 1180 Seminole Trail and build a research and development and demonstration facility for new products, which will be a pilot plant for a […]
Henrico strip mall, industrial buildings sell for $7.25M
Fernau LeBlanc Investment Partners has sold Wistar Center, a three-building flex industrial and retail portfolio, in Henrico County, to Prudent Growth Partners LLC for $7.25 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced. The portfolio, at 8101-8157 Staples Mill Road, consists of approximately[...]
Sentara Healthcare rebrands as Sentara Health
Sentara Healthcare is rebranding as Sentara Health, the Norfolk-based health system announced Thursday. Additionally, in its health insurance division, Sentara will retire Sentara Health Plans’ subsidiary brands, Optima Health and Virginia Premier, unifying them under the Sentara Health Plans brand by the end of the year. R[...]
GMU biz school receives $50M bequest
George Mason University’s School of Business will be renamed for the late Donald G. Costello, a Loudoun County native and business owner who left the university $50 million in his will, GMU announced last week. The donation is the university’s largest individual gift in its 50-year history. Costello, who died in 2017[...]
