COVID roundup: 1 year into pandemic, Va. makes headway with vaccinations
Nearly 1.5M Virginians have received at least one shot
A year after the first COVID-19 cases in Virginia were recorded, the state is making significant headway in vaccinating residents. As of Monday, March 8, 1.49 million Virginians — or 17.5% of the state’s population — have received at least one shot. Meanwhile, the number of COVID-related deaths in Virginia was still higher than average
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Springfield company wins $570.9M DOT contract
Ensco to work on Transportation Technology Center
Published
The U.S. Department of Transportation awarded Springfield-based engineering and technology company Ensco Inc. a potential 20-year, $570.9 million contract to help the Federal Railroad Administration operate and maintain a department-owned facility for rail system research, development, testing and training. Services will be performed at the Transportation Technology Center (TTC) in Pueblo, Colorado, according to a
Capital Square buys apartments in Gainesville
SomerHill Farms apartment complex acquired for investment offering
Published
Henrico County-based real estate investment company Capital Square has acquired SomerHill Farms apartments in the Gainesville area of Prince William County for an undisclosed amount. Located at 7351 Yountville Drive, the 140-unit multifamily community is situated on 18.76 acres. Constructed in 2006, SomerHill Farms features six three- and four-story residential buildings and a community clubhouse.
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Richmond convenience store operator to acquire 61 locations in Mich., Ohio
GPM Investments to buy ExpressStop stores
Published
Richmond-based convenience stores owner and operator GPM Investments LLC announced Monday it has signed an agreement to acquire 61 ExpressStop convenience stores with gas stations in Michigan and Ohio. Financial terms of the transaction were not disclosed. The acquisition will add to GPM’s existing 165 stores in Michigan and nine in Ohio. GPM Investments is
Senior living community announced for Virginia Beach
Development will include 124 independent living apartments
Published
Pembroke Realty Group and Beth Sholom Village have announced a new senior living community in the works for Virginia Beach. Located at the corner of Jeanne Street and Constitution Drive, the 7-story community will have 124 independent living apartments, 20 assisted living apartments and 12 memory support units. Designed by Kahler Slater Architects with programming
Arlington intends to extend ground leases for Courthouse Plaza
County wants to restructure leases on government-owned land
Published
Arlington County and developer JBG Smith have entered into a letter of intent to restructure three ground leases that JBG Smith holds on government-owned land for a multiplex movie theater at 2100/2200 Clarendon Boulevard and office space at 2300 Clarendon Boulevard. While the county owns the land, JBG Smith owns the buildings. The letter of
Richmond property sells for $1.9M, leased to Starbucks
Urban parcel located across from DMV
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A Richmond property located at 2305-2309 West Broad Street sold for $1.9 million and was subsequently leased by Starbucks Corp. Lee Hall Plaza Inc. purchased the property, which includes 3,256 square feet sitting on 0.55 acres of land, from J.W. Willis. The parcel is located across the street from the Virginia Department of Motor Vehicles’
Report: Washington Football Team probe recommends Snyder divest ownership
Parts of report leaked to "The Sports Junkies" radio show
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“The Sports Junkies,” a Washington, D.C.-based sports radio show, reported Friday that an attorney investigating the Washington Football Team has recommended majority owner Daniel Snyder divest his ownership of the NFL team. The show’s hosts at WJFK 106.7 FM The Fan said they received parts of a report written by Beth Wilkinson, the lawyer conducting
Chesapeake office building sells for $7.5M
The Runnymede Corp. purchases Crossways Commerce Center IV
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Virginia Beach-based property management company The Runnymede Corp. purchased Chesapeake office building Crossways Commerce Center IV for $7.5 million on Feb. 8. Located at 1408 Stephanie Way, the 51,209-square-foot building was purchased from Washington, D.C.-based real estate investment company DSC Partners. The flex building is 91% occupied by Leidos Holdings Inc. and 9% occupied by
Chester strip mall sold for $6M
N.C. company buys The Shoppes at River Forest
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Chester’s The Shoppes at River Forest, a 30,720-square-foot strip mall anchored by a Wal-Mart, was purchased on Feb. 26 for $6 million. Raleigh, North Carolina-based PGP River Forest purchased the property from Bogese Cos., a Richmond-based real estate development group. At the time of the sale, the center was 82% leased to tenants that include
Ministry buys Chesterfield building for $1.2M
Mountain Movers Ministry to relocate
Published
Chesterfield County-based Mountain Movers Ministry has purchased a building near the intersection of Hull Street and Courthouse roads for $1.175 million. The ministry will relocate to 3300 Old Courthouse Road and occupy the entirety of the 8,942-square-foot building. The property is situated on 7 acres. Gray Bryant, an associate with Colliers International Virginia, represented the
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HCA Healthcare Capital Division names senior VP
Shaila Menees promoted at regional health system
Published
Richmond-based HCA Healthcare Capital Division announced Monday it has promoted Shaila Menees as its senior vice president of strategy and business development, effective March 22. Menees for the past six years has served as HCA Healthcare’s associate vice president of cardiac and vascular service lines in Nashville, Tennessee. With more than 15 years of health
Avantus Federal names new board member
Former Engility CEO Lynn Dugle joins McLean defense contractor's board
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Avantus Federal, a McLean-based IT defense contractor, announced Tuesday it has appointed former Engility CEO Lynn Dugle to its board of directors. Dugle was chairman and CEO of Chantilly-based Engility before its 2019 acquisition by Reston-based Science Applications International Corp. During her career, she also served in several executive leadership positions with Raytheon. Dugle earned
Capital Square names chief technology officer
Jeffrey Blount to expand Henrico real estate company's tech rollout
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Henrico County-based real estate investment company Capital Square announced Tuesday that Jeffrey Blount has been named the company’s chief technology officer. Prior to joining Capital Square, Blount served as virtual chief information officer at Glen Allen-based office IT services and equipment supplier Cobb Technologies. “Jeff, who built Capital Square’s technology systems from the ground up
Va. Tech Transportation Institute director to step down
Tom Dingus to return to faculty after 25 years in position
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Tom Dingus, the director of the Virginia Tech Transportation Institute (VTTI) for the past 25 years, will step down from his position and return to the faculty, the university announced Monday. The endowed professor has been a driver safety researcher for the past 35 years and has had a keen focus on autonomous technologies for
Opinion
35 years of storytelling
Published
My favorite day every month comes when a new issue of Virginia Business lands on my desk. Each magazine tracks emerging economic trends and the ongoing evolution of business leadership in the commonwealth. But for me, the impact is much more than just a good read about important business topics. Each issue of this magazine
The Mailroom: Day of reckoning
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In December, Virginia Business kindly published my letter calling for bipartisan cooperation to seek solutions to key issues facing the commonwealth — COVID, preparing our future workforce, universal broadband and providing better public safety services. I also said business leaders must demand that those seeking political office in 2021 should articulate how they will rise
A moment for change
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Growing up in 1960s and ’70s Virginia, racism was always present, in forms direct and subtle. Each experience carried a message: to “know your place” and stay there. During my years as a student at Dinwiddie County High School, I remember being in the crowd when we hosted majority-Black Petersburg High School for a football
5 ways Va. can put people back to work and transform higher education
Common-sense policy reforms and investments in community colleges will support economic recovery efforts
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It’s tempting these days to believe that once COVID-19 is contained, the U.S. economy will bounce back quickly, replenishing jobs and incomes lost in the pandemic. Yet there are early warning signs that when the labor market fully reopens, some high-demand jobs may be hard to fill even with millions of Americans looking for work.