Former SunTrust branch in Charlottesville sells for $2.5M
Property now owned by Anchor Health business entity
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A former SunTrust Bank branch in downtown Charlottesville was recently sold for $2.53 million, Poe & Cronk Real Estate Group announced this week. Anchor Charlottesville Office 2 LLC, a business entity connected to Charlottesville-based Anchor Health Properties, purchased the 18,746-square-foot property at 402 Park St. from WGM Acquisitions LLC on Aug. 24, according to city
Bland County’s Eupepsia resort tops wellness hotel ranking
Spa retreat chosen by USA Today's 10Best readers
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Eupepsia, a 250-acre Ayurveda wellness retreat in Bland County, was named the top wellness hotel in the nation this week by USA Today readers, who chose the resort from nominees selected by editors of USA Today’s 10Best rankings section. Set near the Jefferson National Forest and the Blue Ridge Mountains, Eupepsia offers vegetarian cuisine, health
Va. new jobless claims declined again last week
Filings drop 20%, while continued claims also decrease
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Virginia’s new unemployment claims fell for the second week in a row last week, declining by 20%, the Virginia Employment Commission reported Thursday. Continued jobless claims also decreased for the filing week ending Sept. 4, down 2,036 claims from the previous week to total 44,435. Initial claims totaled 6,179, down 1,598 claims from the previous
Richmond’s Style Weekly shuts down after nearly 39 years
Owned by Alden Global Capital, alt weekly newspaper will end with Sept. 8 issue
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After close to 39 years, the Richmond-based alternative weekly newspaper Style Weekly will shut down this week, Editor-in-Chief Brent Baldwin posted on Style’s Facebook page Tuesday. The publication’s closing came three years after Norfolk-based Landmark Communications Inc. sold its Virginia newspapers — The Virginian-Pilot, Inside Business and Style Weekly — and their associated businesses for
Taking shape
Peraton chief coordinates massive integration
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Stu Shea, chairman, president and CEO of Herndon-based national security contractor Peraton Inc., is overseeing the integration of two recently acquired businesses that marked some of Virginia’s most significant business deals in 2021. Shea has been included in both editions of Virginia Business’ annual Virginia 500 issue, a compilation of the state’s 500 most powerful
A second, more nuanced victory for Virginia
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In July, Virginia retained its place as CNBC’s Top State for Business, becoming the first state to achieve the honor twice in a row and five times in all. And yet, the commonwealth feels worlds away from July 2019, the last time the cable business news network released its rankings. Two years ago, Northern Virginia
Developer plans 800K-square-foot industrial building in Suffolk
Kansas-based Flint Development purchased land for $4.1M
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A Kansas-based industrial developer has purchased 72 acres in Suffolk for $4.1 million, with plans to construct an 813,721-square-foot logistics center by September 2022. Cushman & Wakefield | Thalhimer announced the sale Friday, in which Geoff Poston and Ellis Colthorpe handled negotiations on behalf of the seller, Equus Capital Partners Ltd. The 72.52-acre plot at
VCU poll shows McAuliffe, Youngkin in dead heat
Democrat has 3% lead, within margin of error
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The Republican and Democratic candidates for Virginia governor are in a virtual tie, a new poll by the L. Douglas Wilder School of Government and Public Affairs at Virginia Commonwealth University reported Friday. Democratic former Gov. Terry McAuliffe is polling ahead at 40%, while Republican Glenn Youngkin, former co-CEO of The Carlyle Group, polled at
July jobless rate hits 4.2% in Va., a small decrease
State unemployment number well below national average
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In July, the state’s unemployment rate saw a small decline to 4.2%, 0.1 points below June’s rate, Gov. Ralph Northam announced Friday. In July 2020, the jobless rate was at 7.9%, 3.7 points higher than last month. Virginia continued to see an expansion of the labor force, with 7,818 people starting jobs last month, totaling
Va. is ready to deploy COVID vaccine booster doses
State coordinator says Sept. 20 target for starting booster shots is within reach
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As COVID cases are on the rise again, driven by the delta variant of the coronavirus, the Virginia Department of Health has begun administering third COVID-19 vaccine doses to immunocompromised people and is ready to expand third-dose booster vaccinations to more Virginia residents on Sept. 20, the target date set by the federal government, state