Dominion Energy proposes solar, energy storage projects
Dominion purchased a battery project from a Charlottesville co.
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As it works towards a state mandate for producing electricity from carbon-free sources by 2045, Dominion Energy Virginia has acquired a 20-megawatt battery storage facility in Chesterfield County from Charlottesville-based energy storage developer East Point Energy, according to a Sept. 16 announcement from the Richmond-based Fortune 500 utility. The Dry Bridge Energy Storage project is
GTT completes $2B infrastructure sale
McLean-based telecom business to file Chapter 11
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McLean-based telecommunications company GTT Communications Inc. finalized the sale of its infrastructure division to Miami-based I Squared Capital, the company announced Friday, allowing GTT to move forward on Chapter 11 bankruptcy. Although the financial details were not disclosed by the companies this week, the sale price was anticipated to be $2.15 billion in October 2020. According
U.Va. adds real estate minor in commerce school
Interdisciplinary program will start this spring
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The University of Virginia will start offering a real estate minor for the first time this spring. The 15-credit interdisciplinary minor, housed within the McIntire School of Commerce, will be taught by faculty across multiple areas, including the College of Arts & Sciences, the School of Architecture, the School of Engineering and Applied Science, and
Green Clean Express Auto Wash to open 20+ locations in Va.
Ohio car wash company purchased Norfolk business in May
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Green Clean Express Auto Wash, a Norfolk business acquired by Ohio-based Express Wash Concepts in May, plans to open more than 20 car wash locations throughout Hampton Roads, Richmond and Charlottesville by the second quarter of 2022. As part of its expansion, Green Clean purchased an acre in Virginia Beach for $1,794,500, Cushman & Wakefield |
Recent commercial real estate deals in Hampton Roads
Sales announced the week ending Sept. 17
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The following commercial real estate deals in Hampton Roads were announced the week ending Sept. 17 by local firms. A 12,000-square-foot multifamily property in Norfolk sold for $1.525 million. Cutshaw Park MSML LLC purchased the property on .22 acres located at 337 W. Bute St. from TUMCO Properties. Austin Newman of S.L. Nusbaum Realty represented
Va. Tech names real estate program for Blackwoods
Blackwood Development Co. family commit to $10M total gift
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Virginia Tech’s real estate program will now be named for the Blackwood family, a familiar name to those in the state’s real estate industry. Willis Blackwood, founder and president of Richmond-based Blackwood Development Co. Inc., his wife, Mary Nolen Blackwood, and their children, Morgan Blackwood Patel and Nolen Blackwood, donated $2 million to the program
Bank of America names new Hampton Roads president
Frank Castellanos was Foreign Service officer before banking career
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Francisco “Frank” Castellanos has been named the Hampton Roads region president for Bank of America, the bank announced Monday. Castellanos comes to Bank of America from Merill Lynch Wealth Management, where he was the market executive for greater Virginia and a market integration executive. He previously worked in Bank of America’s policy office, concentrating on
Del Taco expands to Virginia with 10 locations
Restaurants will be in Hampton Roads
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California-based Del Taco Restaurants Inc. is expanding its taco empire into Virginia with 10 new locations, the company announced Monday. Del Taco signed a deal with Virginia Beach-based franchise group Virginia Taco. The nation’s second-largest Mexican quick service restaurant will have locations in Virginia Beach, Chesapeake, Portsmouth, Norfolk, Hampton and Newport News. The exact locations
Blackboard to merge with Fla. company Anthology
Veritas Capital will own a majority stake in the new company
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Reston-based Blackboard Inc. announced Monday it will merge with Florida company Anthology. Anthology is a cloud-based software company focused on serving global education institutions, and Blackboard is a provider of learning management software and has more than 150 million users. Its clients include higher education institutions, K-12 schools, governments and businesses. The financial details were
United Way Worldwide names new president and CEO
Easterseals CEO Angela Williams to lead Alexandria-based global nonprofit
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United Way Worldwide has hired Angela F. Williams to be its next president and CEO, the global nonprofit announced Thursday. She will be the first woman and the first African American to lead the Alexandria-based organization. Currently the president and CEO of Easterseals, Williams will take the top post at United Way Worldwide on Oct.