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Chesterfield County retail property sells for $1M
Property 100% leased at time of sale
A multi-tenant retail property in Chesterfield County sold for $1 million, Cushman & Wakefield | Thalhimer announced last week. Located at 10801 Midlothian Turnpike, the 9,735-square-foot property was 100% leased at the time of the sale to Howes Car Stereo, SMG Imports and My Elite Physique, said Cushman & Wakefield | Thalhimer Senior Vice President
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Home sales continue to surge in September
Inventory remains low while home prices rise
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Virginia continues to see home sales surge, with a 35% increase during September, according to Virginia Realtors. Sales were up by a staggering 80% in Eastern Virginia when compared to last year. Northern Virginia saw a 37% increase, and Central Virginia saw a 24% jump. Although home sales historically slow following the summer season, the
U.Va. launches Sands Institute for Lifelong Learning
Institute funded via record $68 million gift to Darden School
Published
Using its largest-ever gift — a $68 million donation last year from Frank M. Sands Sr., founder of Sands Investment Group Inc. — the University of Virginia’s Darden School of Business announced Friday it has launched the Marjorie R. and Frank M. Sands Sr. Institute for Lifelong Learning. The Sands Institute for Lifelong Learning will
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U.Va. researcher: COVID-19 drug appears to not work well for diabetics
Dexamethasone was given to President Trump during virus bout
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A University of Virginia physicist researching a drug that can save severely ill COVID-19 patients’ lives has discovered that it may not work well on diabetics, the U.Va. Health System announced this week. As a result, physicians may need to change the drug regimen for some of their sickest patients. Dexamethasone, a corticosteroid that was
Lara Fritts resigns from Greater Richmond Partnership
President and CEO has led regional economic development organization since Aug. 2019
Published
Lara Fritts has resigned as president and CEO of the Greater Richmond Partnership, according to an email sent to the public-private economic development organization’s investors this week. Her resignation is effective as of Nov. 30, and she will be serving actively in the role until that time, according to a spokesperson. Fritts joined the organization
CarLotz plans to go public on Nasdaq
Chesterfield County-based car consignment company merging with Miami-based corporation
Published
Chesterfield County-based CarLotz Inc., a consignment dealer of used cars, announced Thursday it plans to go public and expand nationwide. CarLotz, which is valued at $827 million, will combine with Miami-based Acamar Partners Acquisition Corp., a publicly traded special purpose acquisition company, to make it a public company. At closing, the company name will remain
VCU received record $335M in research funding for 2020
Led by $169M in federal funding, university research funding increased 8% from 2019
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Virginia Commonwealth University received a record $335 million in sponsored funding for research during fiscal year 2020 — an 8% increase from 2019, the university announced Wednesday. “VCU’s ongoing commitment to its faculty, interdisciplinary research and investment in research infrastructure have translated into these record levels — which have grown by a third — over
Liberty University finance probe issues call for whistleblowers
Website soliciting anonymous reports will be open for 60 days, university says
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A firm conducting an investigation at Liberty University will use an encrypted website to allow anonymous whistleblower complaints focused on financial misconduct by “current or former members of university leadership,” the university announced Tuesday night. Chicago-based public accounting firm Baker Tilly US began its probe of the Lynchburg-based Christian university in early September, several days
VCU College of Engineering receives $1M anonymous gift
Donation to fund programming, student support fund for international students
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An anonymous donor has made a $1 million gift to the Virginia Commonwealth University College of Engineering to provide funds for programming and support for international students, VCU announced Tuesday. Part of the gift will establish a global education and international student support fund (to be administered through VCU’s Global Education Office) and additional funding
Silk City Printing to create 93 jobs in Fluvanna County
Silkscreened apparel company investing $5.7M to move HQ from New Jersey
Published
Silkscreened apparel company Silk City Printing LLC will invest $5.7 million to establish a new production operation in Fluvanna County, creating 93 new jobs, Gov. Ralph Northam announced Tuesday. Silk City will relocate its corporate headquarters from Paterson, New Jersey, to a former Thomasville facility in Fluvanna that has been vacant since 2007. Silk City