The online car retailer's center will create an estimated 400 jobs.
Tempe, Arizona-based Carvana Co., an e-commerce platform for buying and selling used cars, will be investing $25 million to establish a vehicle inspection and reconditioning facility that will create an estimated 400 jobs in Chesterfield County, Gov. Ralph Northam announced Thursday. “Carvana is a fast-growing national company, and we are proud that it has chosen
More than 150 area households have indicated interest.
Richmond-based Eagle Construction of Virginia is partnering with Midtown Redevelopment Partners in Blacksburg to build single-family townhomes at the site of what was formerly Blacksburg Middle School, Eagle announced Wednesday. The mixed-use community will be built on 30 acres adjacent to Blacksburg’s downtown area, but an overall cost for the project has not been released.
The shuttered store fixture manufacturer closed three Virginia locations in September, leaving 190 unemployed.
More than 1 million square feet of manufacturing equipment will be auctioned off next week, assets that belonged to New York-based store fixture manufacturer PremierXD, which shut down operations in September. Nearly 200 people in Henrico County were laid off as a result. The auction will be online only, starting at 10 a.m. Tuesday, Dec.
Richmond-based retailer fills e-commerce orders across the U.S. and 72 other countries.
Richmond-based e-commerce retailer Need Supply Co. will launch a pop-up showroom in Charlottesville for the holidays. The 23-year-old fashion and home goods store is based in Richmond’s Carytown district and has a second shop in Tokyo, but most of its business is conducted online, filling e-commerce orders in the United States and 72 other countries.
The 31-unit apartment property was 94% leased at time of sale.
Richmond real estate developer Lynx Ventures sold Market Villas, a 31-unit adaptive reuse apartment property, to real estate asset management firm CJehn Partners LLC for more than $3.9 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The property located in downtown Richmond’s historic Shockoe Bottom neighborhood includes first-floor retail space in close
Areas identified as investment-worthy include autonomous systems; space and satellites; cybersecurity; and data science and analytics.
The Virginia Research Investment Committee has approved the State Council of Higher Education’s Commonwealth Research and Technology Strategic Roadmap, which spells out research areas that will yield the greatest impacts from state investment in economic development with state investment for the next three years, SCHEV announced Wednesday. The report identifies these research areas as worthy
The project to make Virginia the East Coast’s deepest port launched 2.5 years early.
The dredging project to make Virginia the East Coast’s deepest port has begun nearly two-and-a-half years earlier than expected, The Port of Virginia announced Monday. Dredging work started Dec. 2 to deepen the western side of Thimble Shoal Channel to 56 feet for commercial channels. After the dredging, the Norfolk Harbor will be able to
DLT Solutions is now a subsidiary of Clearwater, Florida-based Tech Data Corp.
Herndon-based software and cloud solutions company DLT Solutions was acquired by Clearwater, Florida-based technology distributor Tech Data Corp., Tech Data announced Monday. DLT is now a wholly owned subsidiary of Tech Data Corp. The financial terms of the acquisition were not disclosed. DLT Solutions provides cloud solutions for the U.S. public sector and will continue
GTT Communications Inc. acquired telecommunications and IT provider KPN International
McLean-based cloud networking provider GTT Communications Inc. acquired Dutch telecommunications and IT provider KPN International for €50 million cash (or about $55.4 million), GTT announced Monday. The acquisition will add more than 400 strategic enterprise and carrier clients and will make GTT the preferred international network supplier for several hundred of KPN’s clients. It will
Tenants include PetCo, Starbucks and Chipotle
Bermuda Square shopping center in Chester has been sold for $18.6 million, according to Cushman & Wakefield | Thalhimer’s Capital Markets Group. Brentwood, Tennessee-based GBT Realty Corp. acquired the 84,064-square-foot property, its first investment in the Richmond market, on Nov. 26 from Giant Food Stores, the parent company of Martin’s grocery stores, according to Catharine