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U.Va. creates new center for real estate
Center to be part of McIntire School of Commerce
The University of Virginia has established a new Center for Real Estate and the Built Environment at the McIntire School of Commerce with a $10 million alumni gift, the university announced Tuesday. The center, which will serve as a hub to bring together U.Va.’s commercial real estate curriculum with university research, is being launched with
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VCU receives $104M gift for liver research
Donation from Dr. R. Todd Stravitz, foundation is largest in university's history
Published
Dr. Richard Todd Stravitz and his family’s Barbara Brunckhorst Foundation gave an unprecedented $104 million donation to Virginia Commonwealth University to support liver research, VCU President Michael Rao announced Tuesday during his State of the University address. The largest gift in VCU’s history, it’s also believed to be the largest publicly shared gift to support
SeaWorld makes $3.4B offer for Kings Dominion parent company
Busch Gardens Williamsburg owner would also acquire Hanover theme park
Published
A reported $3.4 billion acquisition bid from Orlando-based SeaWorld Entertainment Inc. could result in Virginia’s two major theme parks being under the same ownership. SeaWorld, parent company of Busch Gardens Williamsburg, has made an unsolicited offer to acquire Ohio-based Cedar Fair Entertainment Co., which owns the Kings Dominion theme park in Hanover County’s Doswell area.
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John Tyler Community College renamed Brightpoint
Slaveholding, Confederacy-supporting namesake didn't reflect institutional values, college said
Published
John Tyler Community College will become Brightpoint Community College after receiving unanimous approval from the Virginia Community College System state board in its Thursday meeting. On July 8, John Tyler Community College President Edward “Ted” Raspiller announced that he had recommended Brightpoint Community College as the school’s new name to the state board. The Chester
UnitedLex still faces $128M lawsuit from LeClairRyan trustee
U.S. Bankruptcy Court judge rules lawsuit can move forward
Published
UnitedLex’s motion to dismiss a $128 million lawsuit filed by LeClair Ryan PLLC trustee Lynn Tavenner was denied by a U.S. bankruptcy judge on Tuesday, according to The American Lawyer. In 2018, Richmond-based LeClairRyan struck a deal to outsource about 300 of its support workers through a partnership with enterprise legal services provider UnitedLex, which
Kroger Co. names new president of mid-Atlantic division
Lori Raya was SpartanNash chief merchandising and marketing officer
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The Kroger Co. has named Lori Raya as the president of its mid-Atlantic division, the grocery chain announced Tuesday. Raya was previously the chief merchandising and marketing officer for wholesale grocery distributor and retailer SpartanNash, which is headquartered in Michigan. From 2015 to 2018, Raya was division president for Albertsons Cos. Inc. From 2012 to
Va. hotel revenues still lagging pre-pandemic levels
June revenues decreased 22% compared with June 2019
Published
Virginia hotel revenues for June 2021 were down 22% compared with pre-pandemic levels in June 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold decreased by 14%. The average daily rate (ADR) paid for hotel rooms
ASGN buys Reston’s IndraSoft
Software company will become part of ECS subsidiary
Published
Henrico County-based Fortune 1000 professional services company ASGN Inc. has acquired Reston-based software company IndraSoft Inc., it announced Friday. IndraSoft’s 220 consultants will join the Missions Solutions business unit at ECS, ASGN’s Fairfax-based federal contracting subsidiary. Acquired by ASGN in 2018, ECS’s delivers tech solutions in cloud, cybersecurity, artificial intelligence, machine learning, application and IT
Richmond snack company investing $16.5M in Henrico facility
Red River Foods will create 60 jobs with warehouse, processing facility
Published
Richmond-based specialty snack supplier Red River Foods Group Inc. will invest $16.5 million to establish a warehouse and processing facility in Henrico County, creating 60 jobs, Virginia Gov. Ralph Northam announced Monday. Virginia competed with Maryland, New Jersey and Pennsylvania for the project. The center will process tree nuts, seeds and dried fruits and will
Northam appoints members to newly created cannabis boards
Boards will regulate cannabis market and manage equity fund
Published
Virginia Gov. Ralph Northam has appointed members to three newly created oversight boards for the legalization of recreational marijuana, his office announced today. On July 1, Virginia’s adult-use cannabis legislation changes began going into effect. This year, the General Assembly legalized possession of up to one ounce in public and home cultivation of up to