Central Virginia
Industrial property in Richmond sells for $3.7M
Property is 100% leased
Published
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
Surf’s up for Chesterfield’s The Lake
Published
It took a lot to make The Lake happen. Developer Brett Burkhart had to nail down $323 million in financing, obtain a slew of permits and get Chesterfield County to
COVID challenges continue for Va. restaurants
Restaurant owners cope with rising costs, labor shortages
Published
Liz Kincaid faced a major problem in August after the walk-in refrigerator in one of her Richmond restaurants — Max’s on Broad — broke. Her usual supplier told her the
Conways make $13M donation to VCU nursing school
Philanthropists made similar gift to U.Va.
Published
McLean philanthropists Joanne and William E. Conway Jr. have given $13 million to Virginia Commonwealth University’s School of Nursing, the university announced Monday. The gift is the largest in the
Eastern Virginia
Rudee Loop getting a fresh makeover
Published
One of the East Coast’s most prime pieces of undeveloped real estate, Virginia Beach’s Rudee Loop, could soon find new life. In August, the city released four proposals that could
Vantage point
Norfolk looks to transform existing real estate
Published
Norfolk leaders have high hopes for redevelopment projects that will reposition older properties — from an aging mall to an underused marine terminal — to better match modern market demands.
Dollar Tree names new C-suite execs after shakeup in June
Fortune 500 discount retailer names COO, CDO
Published
After a C-suite shakeup this summer, Chesapeake-based Fortune 500 discount retailer Dollar Tree Inc. is filling spots on its leadership team. This week, the company named a new chief operating
Norfolk industrial property sells for $7.3M
Building is 100% leased
Published
A 60,900-square-foot industrial property in Norfolk has been sold for $7.3 million, Colliers announced Sept. 20. Miami-based Jewell Capital LLC acquired the Brookside Industrial building, 4840 Brookside Court, from Maryland-based Hemsman
Northern Virginia
D.C. sues bitcoin whale Michael Saylor for tax fraud
Published
MicroStrategy Inc. founder Michael Saylor was sued in August by the city of Washington, D.C., which alleges that he defrauded the nation’s capital of more than $25 million in income
COVID challenges continue for Va. restaurants
Restaurant owners cope with rising costs, labor shortages
Published
Liz Kincaid faced a major problem in August after the walk-in refrigerator in one of her Richmond restaurants — Max’s on Broad — broke. Her usual supplier told her the
Conways make $13M donation to VCU nursing school
Philanthropists made similar gift to U.Va.
Published
McLean philanthropists Joanne and William E. Conway Jr. have given $13 million to Virginia Commonwealth University’s School of Nursing, the university announced Monday. The gift is the largest in the
ECS Federal receives contract valued up to $429.5M
Will work to secure Army computer networks
Published
Fairfax-based ECS Federal LLC has received a contract valued up to $429.5 million from the Defense Information Systems Agency to improve security and reduce risk across the Army’s computer networks,
Roanoke/New River Valley
Roanoke apartments sell for $14.6M
Building includes 82 units
Published
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
Roanoke Days Inn sells for $3M
New owner has renovations planned
Published
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
Radford Army plant contract extended through 2026
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While the contract extension for operation of the sprawling Radford Army Ammunition Plant is reassuring from an economic development perspective, it also has sentimental value to the community. “The Radford
Apex Systems co-founder gives $500,000 to Va. Tech
Win Sheridan's gift to aid student entrepreneurs
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Virginia Tech University’s Apex Center for Entrepreneurs has received a $500,000 donation from Apex Systems co-founder Win Sheridan. A 1994 Tech graduate with bachelor’s degrees in political science and English
Shenandoah Valley
Valley views attract scenic train tours
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The views Steve Powell and his employees at Buckingham Branch Railroad see daily while riding the rails inspired him to launch the Virginia Scenic Railway. “There are a lot of
Virginia Realtors elect Winchester broker as prez
Katrina M. Smith to lead group
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Virginia Realtors, the state’s largest trade association, has a new president and slate of officers for 2023. Katrina M. Smith, of the Blue Ridge Association of Realtors, will lead the
Evermade Foods to expand Fauquier County operations
Will invest $110,000, add 46 jobs
Published
Warrenton-based Evermade Foods is investing $110,000 to expand its manufacturing operations and add 46 jobs, Gov. Glenn Youngkin announced Monday. Evermade Foods is a co-manufacturer of prepared meals sold under
Hotel revenues continue to outpace 2019, but only slightly
Demand still lagging as prices increase
Published
The commonwealth’s hotel industry is continuing its recovery, though the Northern Virginia market continues to be a drag on its performance, according to data from STR Inc., a division of
Southern Virginia
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
Agriculture conference headed for Danville
Published
Anew conference for the controlled environment agriculture (CEA) industry will debut Oct. 25 at the Institute for Advanced Learning and Research (IALR) in Danville. One goal behind the event, dubbed
Titanium company investing $82.1M in Halifax County
Expansion to create 108 jobs
Published
Charlotte, North Carolina-based IperionX Ltd., a minerals company that produces titanium metal powder for use in manufacturing, announced plans to establish Virginia’s first titanium demonstration facility in Halifax County, an
Hotel revenues continue to outpace 2019, but only slightly
Demand still lagging as prices increase
Published
The commonwealth’s hotel industry is continuing its recovery, though the Northern Virginia market continues to be a drag on its performance, according to data from STR Inc., a division of
Southwest Virginia
Theatre renovations draw downtown visitors
Published
Before her August performance at Marion’s historic Lincoln Theatre, country singer Lorrie Morgan took an afternoon stroll downtown, stopping at shops and the local farmers market, according to Tracy Thompson,
Hotel revenues continue to outpace 2019, but only slightly
Demand still lagging as prices increase
Published
The commonwealth’s hotel industry is continuing its recovery, though the Northern Virginia market continues to be a drag on its performance, according to data from STR Inc., a division of
Accelerating the solar workforce
Published
When local school systems decided to add solar arrays to their buildings, regional environmental nonprofit Appalachian Voices and other members of the Solar Workgroup of Southwest Virginia counted it as
Chesterfield-based Paymerang expands to Wise County
Back-office fintech company's expansion to create 50 jobs
Published
Chesterfield County-based payment and invoice automation company Paymerang LLC will expand its operations to Southwest Virginia, creating 50 jobs in Wise, the company announced Thursday. The move follows a previous
