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Recent Articles from Beth JoJack
Suffolk logistics facility purchased for $50.5M
An entity connected with Ashley Capital, a New York-based industrial real estate company, sold a multi-tenant facility in Suffolk for $50.5 million to a Florida real estate investment firm on May 1, according to the city’s property records. The Bridgeway Business Center, a 707,000-square-foot warehousing and distribution facility on College Drive in Suffolk, was purchased […]
Visit Williamsburg names new CEO
The Williamsburg Tourism Council, also known as Visit Williamsburg, has named Edward Harris its new CEO, the organization announced Wednesday. Former CEO Victoria Cimino stepped down from the role in January after more than four years leading the destination marketing organization for Williamsburg, Yorktown and Jamestown. With more than two decades of marketing and tourism […]
VDOT buys Owens & Minor’s Hanover HQ for $33.5M
The Virginia Department of Transportation has purchased the Mechanicsville headquarters of Owens & Minor for $33.5 million, with plans to move the state agency’s central office there in summer 2025. Much of VDOT’s staff will move from the Annex building at 1401 E. Broad St. into the new building at 9120 Lockwood Blvd. in Hanover […]
Peraton exec takes top spot at V2X
Jeremy Wensinger will replace Chuck Prow as president and CEO of McLean-based aerospace and defense contractor V2X on June 17, the company announced Monday. The transition is part of a “board-led succession planning process” the company said in a news release. Wensinger, who will also be a member of V2X”s board of directors, has more […]
Hampton Roads home sales, prices up in April
Home sales across Hampton Roads were up in April, as the region also racked up near-record median sales prices, the Real Estate Information Network (REIN) reported Friday. There were 2,189 settled sales for the month, up from 2,057 in March and 2,053 in April 2023, according to REIN. There were 2,569 pending sales, compared with […]
This iconic, round office building in Richmond’s Museum District sold for $1.2M
One of Richmond’s most Instagram-worthy buildings has sold for $1.2 million. Located on the corner of Thompson Street and Floyd Avenue in the Museum District, the 1950s-era, circular building previously served as headquarters for Ellwood Thompson’s Local Market, a local organic grocer. The building sold on April 23 but Cushman & Wakefield | Thalhimer announced […]
VCU launches pharmaceutical sciences undergrad degree
Graduate school isn’t a prerequisite for a career in the pharmaceutical industry. Virginia Commonwealth University’s new Bachelor of Science in Pharmaceutical Sciences (BSPS) degree will prepare students to step into pharma jobs like quality assurance technicians, research technologists and laboratory technicians, according to Kelechi “K.C.” Ogbonna, dean of VCU’s Schoo[...]
Forty applicants vying for Shenandoah medical marijuana license
Forty complete applications were received for conditional permits to operate as the state’s sole licensed pharmaceutical processor of medical cannabis for a region including the Shenandoah Valley, as well as the cities of Charlottesville and Fredericksburg and the counties of Spotsylvania and Stafford, according to the Virginia Cannabis Control Authority. Each company paid an $18,000 [&helli[...]
Burke & Herbert completes merger
Alexandria-based Burke & Herbert Financial Services has completed a merger with West Virginia’s Summit Financial Group, the company announced May 3. The $371.5 million deal, first announced in August 2024, created a bank holding company with more than $8 billion in assets. The combined company will have more than 75 branches across Virginia, West Virginia, […]
Montgomery manufacturer to invest $1.6M to increase capacity
ESS Technologies, which specializes in packaging line design, equipment manufacturing and integration for the pharmaceutical, nutraceutical, cosmetic and consumer packaging goods industries, will invest $1.6 million to increase capacity at a new facility in Montgomery County, Gov. Glenn Youngkin announced Wednesday. The new facility will be located in the former Jeld-Wen building on Scatte[...]
