Central Virginia
Va. Community Capital names new president and CEO
Amir Kirkwood will follow founding executive director Jane Henderson
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Richmond-based nonprofit Virginia Community Capital (VCC) has hired Amir Kirkwood as its president and CEO, following founding executive director Jane Henderson’s January announcement of her retirement. He will assume the role on Nov. 1. “I am excited about Amir’s choice to join our organization,” Henderson said in a statement. “He brings the talent and market
Genworth completes IPO for mortgage insurance subsidiary
Genworth reaps $535M in proceeds
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Henrico County-based Fortune 500 insurer Genworth Financial Inc. completed the once-delayed initial public offering of its mortgage insurance subsidiary, Raleigh, North Carolina-based Enact Holdings Inc., it announced Monday. Between the IPO and a private sale of shares, Genworth received aggregate net proceeds of about $535 million after underwriters’ fees but before other expenses. Genworth Holdings
VCU poll shows McAuliffe with 9-point lead in governor’s race
Washington Post/GMU poll released Saturday indicates tighter race with Youngkin
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A new statewide poll from Virginia Commonwealth University shows Democratic former Virginia Gov. Terry McAuliffe with a nine-point lead over Republican gubernatorial candidate Glenn Youngkin, a far different take than the much tighter race indicated by a Washington Post-George Mason University poll released Saturday. VCU’s L. Douglas Wilder School of Government and Public Affairs released
Louisa, Caroline mobile home parks sell for $3.7M
The mobile home parks are in Mineral and Bowling Green
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Six-0-Five Village Mobile Home Park in Louisa and The Hill Mobile Home Park in Bowling Green sold for $3.7 million. HOA LLC purchased the mobile home park at 1 Zarin Avenue off Route 522 and Route 33. and the 12-acre The Hill Mobile Home Park on S. Main Street from Six-0-Five Mobile Home Group LLC.
Eastern Virginia
The Lawson Cos. hires first talent and development manager
Brandi Hall was Virginia Media Group's human resources generalist
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Virginia Beach-based property management firm The Lawson Cos. hired Brandi Hall as its first talent and development manager, it announced Tuesday. Hall is responsible for hiring and training Lawson employees as well as retaining them. She has 16 years of experience in human resource roles and was most recently the human resources generalist for Norfolk-based
Va. Beach apartment complex goes for $28.1M
New York-based Hill Property Partners enters Hampton Roads market
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Arbor Trace Apartment Homes, a Virginia Beach complex in the Oceanfront area, has sold for $28,175,000 to Hill Property Partners LLC, S.L. Nusbaum Realty Co. announced Monday. The neighborhood at 624 Suhtai Court is made up of 148 two-bedroom units, which will receive upgraded flooring and new appliances and fixtures. The community also includes a
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 multi-tenant retail condo at The Strand at 3244 Holland Road in Virginia Beach sold for $2.02 million. The 10,200-square-foot building was purchased by a private investment group that will occuply one of the existing spaces.
Northern Virginia
Tegna confirms acquisition offers
Media reports: Apollo Global Management, mogul Byron Allen offering $8B+
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Tysons-based broadcast and digital media corporation Tegna Inc. has received acquisition bids of more than $8 billion from Apollo Global Management Inc. and media mogul Byron Allen, according to media reports. The news comes more than a year after previous purchase proposals fell through in March 2020 amid the dawning of the coronavirus pandemic. Bloomberg
U.Va. opens Northern Virginia campus
UVA|NOVA is in Arlington's Rosslyn neighborhood
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The University of Virginia announced Wednesday it has opened a campus in the Rosslyn neighborhood of Arlington, with plans to expand to other sites in the region. The campus in Northern Virginia will be called UVA|NOVA. “UVA|NOVA will be the center point of our efforts to better serve the commonwealth by bringing new academic programming
AES promotes investment chair to CFO
Stephen Coughlin will become CFO and an executive vice president Oct. 15
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Arlington-based Fortune 500 energy company The AES Corp. announced Tuesday it had promoted Stephen Coughlin to executive vice president and chief financial officer, effective Oct. 15. Coughlin most recently led AES’ corporate strategy and financial planning groups and served as chair of the company’s investment committee. Before that, he was the CEO of Fluence, AES’
Peraton acquires aaS business of Herndon tech company
Peraton acquired ViON Corp.'s as-a-service business Wednesday
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Herndon-based federal contractor Peraton Inc. acquired the as-a-service business of Herndon-based IT company ViON Corp., it announced Wednesday. Financial details of the transaction were not disclosed. Peraton acquired ViON’s cloud business and its employees, adding to its storage, computing and network capacity. The company also acquired the business’s contracts with the U.S. Department of Defense,
Roanoke/New River Valley
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
Virginia Tech Transportation Institute taps new executive director
Zachary Doerzaph was director of VTTI’s Division of Vehicle, Driver and System Safety
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Zachary Doerzaph will become the next executive director of the Virginia Tech Transportation Institute, the university’s largest research institute, effective Oct. 1. “Zac Doerzaph is a nationally recognized transportation researcher with extensive leadership experience in large team projects from different sponsors,” Virginia Tech Vice president for Research and Innovation Dan Sui said in a statement.
Branch Group HQ in Roanoke sells for $2.9M
Construction company will remain in building as tenant
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The Branch Group Inc. has sold its Roanoke headquarters building for $2.9 million, Poe & Cronk Real Estate Group announced this week. The 39,016-square-foot building at 442 Rutherford Ave. will remain as the company’s headquarters in a sale-leaseback transaction that allows the construction company to be a tenant. The buyer, represented by Matt Huff and
Nonprofit news site launches to cover SW and Southern Virginia
Cardinal Press' founding editor is ex-Roanoke Times Editorial Page Editor
Published
Cardinal Press, a new nonprofit digital news service covering Southwest and Southern Virginia, will begin publishing stories in late September, with Dwayne Yancey, former editorial page editor for The Roanoke Times, at the helm as its founding editor. Nonprofit organization Cardinal Productions, incorporated in June, created Cardinal Press, which will publish original stories five days
Shenandoah Valley
Harrisonburg’s Farmer Focus hires CFO, R&D head
Debarshi Sengupta comes from Clarity Food Ventures; Sean McLendon from JBS USA
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Harrisonburg-based Farmer Focus has hired Debarshi Sengupta as chief financial officer and Sean McLendon as head of research and development, it announced on Aug. 26 and Sept. 9. “Debarshi is an instrumental hire to guide our future, creating a strategic path forward to plan and resource our tremendous growth,” Farmer Focus president and Chief Operating
CAVA to build $30M facility in Augusta County
Processing facility for Mediterranean restaurant chain expected to create 52 jobs
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Washington, D.C.-based fast-casual Mediterranean restaurant chain CAVA will spend more than $30 million to establish a new processing and packaging facility in Augusta County, a project expected to create 52 jobs, Gov. Ralph Northam announced Thursday. CAVA will build the 57,000-square-foot facility in Mill Place Commerce Park in Verona. “Food and beverage processing is at
Valley Health tells workers to get vaccinated
Published
Nicole Clark wants the nurses she supervises to do everything they can to keep themselves, their patients and co-workers safe from COVID-19. That means wearing personal protective equipment, social distancing, frequent hand washing — and getting vaccinated against the disease. Valley Health, a nonprofit health system that includes Winchester Medical Center and five other hospitals,
Staunton senior community sells for $4.75M
62 senior-living apartments included in sale
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A senior-living community with 62 one- and two-bedroom apartments in Staunton has sold for $4.75 million, Cushman & Wakefield | Thalhimer announced this week. Formerly a high school built in 1926, Gypsy Hill Place was converted to apartments and commercial space in 2009. Original developer Gypsy Hill Place LLC, represented by John Pritzlaff and Jenny
Southern Virginia
Danville casino price tag now set at $500M
Caesars releases update on resort scheduled to open in 2023
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Danville’s forthcoming Caesars Virginia casino and resort is going to be bigger than expected, with the project expected to cost $500 million, $100 million more than previously estimated. Caesars Entertainment released new renderings and more details Thursday for the casino. Part of the additional cost will go toward a larger hotel with 500 guestrooms, 200
ValleyStar Credit Union names new CEO
Mike Warrell was president and CEO of Solano First Federal Credit Union
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Martinsville-based ValleyStar Credit Union hired Mike Warrell as CEO, it announced Wednesday. “As ValleyStar strengthens relationships and builds upon its digital integration, Mike Warrell was the clear choice to move the credit union forward,” ValleyStar Chairman James Rorrer said in a statement. “He has the experience and deep understanding needed to optimize member engagement and
Pa. digital marketing firm to relocate HQ to Danville
Kegerreis Outdoor Advertising subsidiary will invest $1.7M, create 62 jobs
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Kegerreis Digital Marketing will move its headquarters from Pennsylvania to downtown Danville, creating 62 jobs, Virginia Gov. Ralph Northam announced Thursday. The company provides integrated marketing services, such as brand development, billboards, online efforts and analytics for e-commerce retailers, digital startups, venture firms, and local and regional businesses. It is a subsidiary of Chambersburg, Pennsylvania-based
Nonprofit news site launches to cover SW and Southern Virginia
Cardinal Press' founding editor is ex-Roanoke Times Editorial Page Editor
Published
Cardinal Press, a new nonprofit digital news service covering Southwest and Southern Virginia, will begin publishing stories in late September, with Dwayne Yancey, former editorial page editor for The Roanoke Times, at the helm as its founding editor. Nonprofit organization Cardinal Productions, incorporated in June, created Cardinal Press, which will publish original stories five days
Southwest Virginia
Va. projects get $2.5 million from Appalachian Regional Commission
Commission's POWER Initiative to help with broadband, development and tech tool
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The Appalachian Regional Commission’s Partnerships for Opportunity and Workforce and Economic Revitalization (POWER) Initiative is granting three Virginia projects a total of $2.5 million, Gov. Ralph Northam announced Tuesday. “As our economy recovers from the impacts of COVID-19, it is critical to invest in Appalachia,” Northam said in a statement. “ARC’s POWER initiative will continue
EarthLink to create 285 jobs in Norton
Atlanta internet provider moving customer support to U.S.
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Atlanta-based internet service provider EarthLink is spending $5.4 million to build a customer support center in Norton, a project expected to create 285 jobs, InvestSWVA and Gov. Ralph Northam announced Tuesday. As part of moving its customer service operations from overseas to the U.S., EarthLink will build a 30,000-square-foot facility on a site in the
State awards $8.85M to redevelop SWVA abandoned mine sites
Virginia Abandoned Mine Land Economic Revitalization program providing funding
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The Virginia Abandoned Mine Land Economic Revitalization program intends to award funds to eight economic development projects across Southwest Virginia, Gov. Ralph Northam and U.S. Rep. Morgan Griffith, R-Salem, announced Friday. The Virginia Department of Mines, Minerals and Energy, which will be renamed the Virginia Department of Energy on Oct. 1, administers the program. The
Italian vehicle wash manufacturer to open U.S. HQ in Russell County
Ceccato will invest $1.75M in Lebanon facility
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An Italian manufacturer will open a $1.75 million U.S. headquarters in Russell County, creating 50 jobs over the next three to five years, the Virginia Coalfield Economic Development Authority announced Thursday. Ceccato S.p.A. will open its U.S. subsidiary at the Russell Place building at 122 Haber Drive in Lebanon. It has a presence in more
