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The kids are getting better
Richmond health care company teams up with nonprofit started by The Who's Roger Daltrey
Richmond-based health care company StageZero Life Sciences Ltd. has teamed up with a nonprofit started by legendary The Who frontman Roger Daltrey to improve diagnosis and survival rates of teens and young adults with cancer. StageZero developed Aristotle, an mRNA multicancer panel that screens for several types of cancer in a single blood sample. The
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Former LeClair Ryan execs reach $10M settlement
Firm founder, CEO, others reached agreement with bankruptcy trustee and insurer
Published
Former executives at Richmond-based LeClair Ryan PLLC have reached a settlement with the firm’s insurer and bankruptcy trustee over $10 million in pending claims, according to a report from The American Lawyer. The firm’s liability insurer, Columbia Casualty, agreed to pay the firm’s trustee, Lynn Tavenner, $9.425 million to resolve claims including conspiracy and breach
Zion Crossroads shopping center sells for $4.85M
Deal includes land next to center, totaling 3.51 acres
Published
L&D Land Trust purchased the Freedom Drive Shops retail center and the land next to it in Zion Crossroads for $4.85 million from Freedom Drive Shops LLC, Cushman & Wakefield | Thalhimer announced Friday. The 100% leased, 10,296-square-foot shopping center is at Freedom Drive and Route 15. Tenants include Dunkin’ Donuts and Anytime Fitness. The
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Dominion reports increases in diverse hiring over past 5 years
Utility aims for 40% women, people of color in workforce by 2026
Published
Dominion Energy Inc. released its first public diversity, equity and inclusion report on Friday, reporting increases in gender and racial diversity among employees hired between 2016 and 2020. With a goal of reaching 40% in diverse workforce representation — meaning hires of women and non-white people — by 2026, the Richmond-based utility giant, which employs
$41.9M apartment building coming to Richmond’s Manchester neighborhood
Commodore will have 173 units, 7 stories
Published
Atlanta and Washington, D.C.-based developer Capital City Real Estate is building a seven-story, 173,000-square-foot multifamily project in Richmond’s Manchester neighborhood about a mile from downtown Richmond. Colliers, which assisted with the financing, announced the $41.9 million project Nov. 11. Commodore will have 173 residential units and 3,500 square feet of ground-floor retail space. Construction is
BWXT to invest $65M in new Campbell County campus
Nuclear fuel supplier expects to create 97 jobs over three years
Published
Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) will build out and upfit a center for manufacturing and research and development adjacent to its Campbell County facility, creating 97 jobs, Gov. Ralph Northam announced Friday. The Fortune 1000 company plans to invest $65 million over the next three years, a Virginia Economic Development
Henrico County retail property sells for $31M
Klein Enterprises purchases The Row at GreenGate
Published
A Baltimore-based real estate developer has purchased The Row at GreenGate, a retail property in the Short Pump area of Henrico County, for $31 million, Colliers International announced Thursday. The 100,000-square-foot property at 12151 W. Broad St. was bought by DK Greengate LLC, an entity connected to Klein Enterprises, which increases its holdings in Virginia
SCC approves Dominion settlement, refunding $330M to customers
9.35% rate of return set, along with $50M in annual rate reductions
Published
The State Corporation Commission approved a settlement with Dominion Energy Virginia in which the Richmond-based utility will refund customers $330 million and reduce rates annually by $50 million, the SCC announced Thursday. For a residential customer using 1,000 kilowatt hours per month, the rate reduction will result in a decrease of about 90 cents per
Mondelez to create 80 jobs with $122.5M Henrico expansion
Multinational snack company will expand bakery, build fulfillment center
Published
Chicago-based snack company Mondelez International Inc. will invest $122.5 million over three years to expand its bakery and build a sales fulfillment center in Henrico County, creating about 80 jobs, Gov. Ralph Northam announced Thursday. “Mondelez International’s long-term investment in Central Virginia is a testament to the region’s top-notch talent and strong business climate,” Northam
VPM Media Corp. purchases Style Weekly
Richmond weekly paper was shut down by owner in September
Published
VPM Media Corp., the parent company of Richmond-based VPM public television and radio stations, announced Thursday it has acquired Style Weekly, the Richmond publication that was closed down in September by its owner, Alden Global Capital, after nearly 39 years in print. Financial terms were not disclosed, and a VPM spokesperson said they could not