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Roanoke apartments sell for $14.6M
Building includes 82 units
Gramercy Row Apartment Residences has a new owner. Tazewell Development LLC sold the 82-unit apartment community with ground floor commercial space in downtown Roanoke to a private investor group for
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Industrial property in Richmond sells for $3.7M
Property is 100% leased
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Warwick Trade Center, a 38,056-square-foot flex industrial property in south Richmond, has been sold for $3.7 million, according to Cushman & Wakefield | Thalhimer. CIG 6290 RFO LLC, an affiliate
Danville Quality Inn sells for nearly $5M
Hotel has 58 rooms
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A Quality Inn hotel in Danville with 58 rooms has changed hands. Anil Patel purchased the hotel located at 2175 Riverside Drive in Danville from Riverside Motel Corp. for $4.275
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Roanoke Days Inn sells for $3M
New owner has renovations planned
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A Roanoke Days Inn has a new owner. Saul Urban LLC purchased the 165-room hotel, located at 601 Orange Ave., from Shri Sainath Enterprises LLC for $3 million, according to
Sky-high rents
Hampton Roads residential market tightens
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The Navy man sat in Barbara Gatewood Sgueglia’s office in tears. His rent was being raised from $1,600 to $2,750, and with several children and his wife in school, he
Reading the room
Inc. 5000 companies pursue smart growth
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In 2017, David Kern, a retired Naval submarine officer turned entrepreneur, had a lightbulb moment. While working on a data analytics project at a desk in the Naval Station Norfolk
Zebox opens U.S. incubator in Arlington
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ElectroTempo Inc. CEO and co-founder Ann Xu wants her company’s software to reach 70% of the United States by 2027. Founded in 2020, Electro Tempo provides analytics and tools to
Upward mobility
ODU plots path to bigger, more inclusive future
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Last year, when Old Dominion University was searching for its new president, the executive search firm contracted by the university also provided a bit of business intelligence about how the
Coming home
A Q&A with Navy Region Mid-Atlantic Commander Christopher “Scotty” Gray
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As a kid growing up in Virginia Beach, “Scotty” Gray saw military aircraft so routinely that he wanted to become a pilot. Today he is U.S. Navy Rear Adm. Christopher
Where the wind’s blowing
Region aims to be offshore-wind industry hub
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If all goes according to plan, towering wind turbines off the coast of Virginia Beach will begin spinning out enough electricity in 2026 to power up to 660,000 homes. Dominion