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Recent Articles from Beth JoJack
TowneBank to close on $203M Old Point deal Sept. 1
TowneBank will acquire Old Point Financial in a $203M deal closing Sept. 1, expanding its market share in Hampton Roads
$10M fulfillment center planned at ex-military tank museum
MerryGoRound will invest more than $10M to establish a live commerce division in Pittsylvania County, creating more than 200 jobs.
Days houses spend on market increases across Virginia
Houses are spending longer on the market than during the same period last year in Northern Virginia, Hampton Roads and Central Virginia. However, median sales prices in all three regions have increased over 2024. Northern Virginia The Northern Virginia Association of Realtors reports that 1,612 units were sold in July — a 1.6% decrease over […]
Averett plans $18.15M sale-leaseback of North Campus
Averett University, which is weathering a financial crisis, seeks bondholder approval of an $18.15M sale-leaseback of its North Campus
277 Virginia companies make 2025 Inc. 5000 list
277 Virginia companies made the 2025 Inc. 5000 list, led by Artemis ARC at No. 34.
Blue Ridge Beverage to move Lynchburg ops to Campbell
Blue Ridge Beverage will invest $10M to relocate its Lynchburg ops and 94 jobs to a new facility in Campbell County’s Seneca Commerce Park.
Trump eyes Fannie Mae, Freddie Mac IPO in 2025
Trump plans to sell up to 15% of Fannie Mae and Freddie Mac stock, raising $30B and potentially reshaping the U.S. mortgage market.
Judge orders Averett dispute to arbitration
Averett University must resolve its $20M endowment dispute with ex-CFO and investment firm GSIS through arbitration, per federal court order.
Virginia tourism hits $35.1B record spending in 2024
Virginia tourism generated $35.1B in 2024, with 44.7M overnight visitors and $2.5B in tax revenue
Solar-powered Flying Squirrels stadium on way
Dominion Energy will install solar panels at the Richmond Flying Squirrels’ new stadium, powering 250 homes
