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Recent Articles from Kate Andrews
Leidos sees leadership changes, effective Monday
The Reston-based Fortune 500 government contractor Leidos announced a leadership shuffle Thursday, with the following changes effective July 5. Paul Engola, the company’s chief human resources officer, will be promoted to be executive vice president of the company’s national security space department. He previously served as deputy group president for Leidos’ former defense and i[...]
JMU entrepreneurship center hires new director
James Madison University announced Thursday that Suzanne Bergmeister has been named the next executive director of its Gilliam Center for Entrepreneurship. She comes from the University of Louisville’s Forcht Center for Entrepreneurship in Kentucky, where she has been the full-time entrepreneur in residence for the past 15 years and assistant director for four. Bergmeister, who […]
Va. sports bettors lay down $1B since Jan. legalization
Virginians have bet more than $1 billion on sports since it became legal in January, Virginia Lottery announced Thursday. The state was the fastest in the nation to reach that milestone, noted PlayVirginia, which tracks the gaming market. In May, the state reaped $226.9 million in sports-betting gross revenue, and bettors won a total of […]
Va. new jobless claims up, while continued claims decline
Virginia’s new unemployment claims rose to 8,196 in the filing week ending June 26, but continued claims decreased, the Virginia Employment Commission reported Thursday. Last week saw an increase of 1,291 initial jobless claims from the previous week, while continued claims totaled 40,225, a decrease of 2,653 claims from a week ago. This time a year […]
Va. Museum of Fine Arts plans $190M expansion
The Virginia Museum of Fine Arts has hired the Detroit-based firm SmithGroup to design a new wing of the Richmond museum in a $190 million expansion and renovation project announced Tuesday. The new wing will provide space for African art, photography and 21st-century works, according to the museum. Construction is expected to begin in 2023, […]
Three Blacksburg housing complexes sold for $146M
Three off-campus housing complexes in Blacksburg geared toward Virginia Tech students have been sold for $146 million in a deal closed May 5, Berkadia announced Friday. The buyer, California-based Reliant Group, added the portfolio to its earlier purchase of a student housing property near Virginia Tech. According to Montgomery County property records, Reliant Group-connected CAP […]
Hampton apartments purchased for $2.89M
A 42-unit residential property in Hampton was sold for $2,890,000, Cushman & Wakefield | Thalhimer announced last week. Pembroke Pines, at 1625 W. Pembroke Ave., was sold to Pembroke HR 757 LLC from 1625 Pembroke Property LLC as an investment. Clark Simpson of Cushman & Wakefield | Thalhimer’s Capital Markets Group handled the sale negotiations […]
Southern Fairfax retail property sells for $14.2M
A private buyer has purchased a 7.1-acre retail property in southern Fairfax County for $14.2 million, Avison Young Capital Markets Group announced last week. The property at 6001 Kingstowne Village Parkway in the Alexandria area, off Telegraph Road, was sold by The Halle Cos. and is fully leased to an Aldi supermarket, a La-Z-Boy store […]
Va. Beach retail building sold for $2.2M
A Virginia Beach retail building has been sold for $2.2 million, and the buyer plans to develop a Freddy’s Frozen Custard & Steakburgers restaurant in the 6,000-square-foot building, Cushman & Wakefield | Thalhimer announced last week. Mosley Real Estate Advisors Inc. purchased the 796 Lynnhaven Parkway building from United Restaurant Group LP and also plans […]
Va. new jobless claims dropped below 7,000 last week
Virginia’s new unemployment claims fell last week, as did continued claims, the Virginia Employment Commission reported Thursday. For the filing week ending June 19, 6,905 people filed initial jobless claims, a decrease of 944 from the previous week. Continued unemployment claims totaled 42,878 last week, down 1,915 claims from the previous week. This time a […]
