Industries

Virginia ranks 10th in foreclosure rates

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Virginia had the 10th highest foreclosure rate for the month of July, according to RealtyTrac Inc. More than 5,000 homes in the state went into foreclosure during the month, a rate of one out of every 562 households. (Richmond Times-Dispatch)

Forty-two construction workers suspected of being in the country illegally were arrested Wednesday at Dulles International Airport by Immigration and Custom Enforcement agents. The agents set up an identification checkpoint outside of an employee entrance to the airport. (The Washington Post)

Foreign theme park operators may be the most likely to buy Anheuser-Busch’s theme parks. Belgian beer giant InBev has said it will help finance its purchase of Anheuser-Busch, maker of Budweiser and Michelob beer, by selling non-core assets. Anheuser-Busch’s theme parks include Busch Gardens and Water Country USA. The weak dollar and tough credit markets make a domestic buyer unlikely, say industry analysts. (Richmond Times-Dispatch

Chatham’s mayor wants the town council to pass a chemical trespass ordinance against uranium mining. The town is located near a site that potentially holds $10 billion worth of uranium. Virginia Uranium Inc. asked the General Assembly last year to establish a study of whether uranium could be mined safely in Virginia. (Danville Register & Bee)

For the Record

Living Faith Ministries, an Abingdon-based religious television network, has made a bid to buy Roanoke TV station WDRL for nearly $5.3 million, according to a filing with the Federal Communications Commission. The station has been reorganizing its finances for two years in bankruptcy court. WDRL would join a network of stations located in Grundy, Bluefield, W.Va., and Harlan, Ky. (The Roanoke Times)

The Richmond Times-Dispatch named John Hoke its new business editor. Hoke joined The Times-Dispatch in 1982 and has worked as a reporter and editor for the paper, beginning in the paper’s Clarksville bureau and also serving in the Roanoke bureau. He has held several posts as an editor at the paper, most recently deputy news editor for Chesterfield County. (Richmond Times-Dispatch)

Boxwood Capital Partners LLC,  a newly created private-equity group in Richmond, bought Coffee Wholesale USA Inc., a Texas-based online seller of coffee and coffee equipment, teas, instant mixes and sports drinks. It is the first acquisition for Boxwood Partners since its creation last year as an investment firm focusing on mergers and acquisitions with an eye towards early stage marketing, media, and business-services companies. Boxwood will form eBeverage Wholesale LLC, a holding company based in Richmond, but Coffee Wholesale USA will keep its name and continue to distribute from Round Rock, Texas. (Richmond Times-Dispatch)

The Henry County Board of Supervisors voted to help finance the construction of a 100,000-square-foot shell building in the Beaver Creek Industrial Park in partnership with the City of Martinsville. The Henry County Industrial Development Authority (IDA) will issue $3.5 million in lease revenue bonds to help design and construct the building. The IDA owns the lot, which it will lease to the county. The county and Martinsville will share revenues from any company that locates there. (Martinsville Bulletin)

Ground was broken in Albemarle County for the Defense Intelligence Agency’s new Joint-Use Intelligence Analysis Facility. The $61 million project will be home to analysts performing similar tasks to those at the National Ground Intelligence Center, off U.S. 29. The overall development is referred to as Rivanna Station. (The Daily Progress)


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