Sign In
Free Newsletter
Recent Articles from Kate Andrews
Va. children’s hospitals get kudos in national rankings
Eight children’s hospitals in Virginia received recognition Tuesday in the U.S. News & World Report annual rankings of the top pediatric facilities in the nation, regions and states. First in the state and seventh in the mid-Atlantic region is the University of Virginia Children’s Hospital, which was ranked nationally in five pediatric specialities: neonatology, pediatric […[...]
Richmond City Council approves casino referendum, which heads next to voters
Richmond City Council on Monday voted 8-1 for a casino referendum to appear on the city’s Nov. 2 ballot. If passed by city voters, the proposed $600 million ONE Casino + Resort would be the only casino under Black ownership in the country. Urban One Inc., which owns and operates 55 radio stations and the […]
Henrico-based medical office sells for $32.5M
Brookfields Commons, a Henrico County medical office property, has sold for $32.5 million, Cushman & Wakefield | Thalhimer announced last week. Nashville-based Montecito Medical acquired the 90,598-square-foot Class A property on June 11 from an entity managed by Stanley Shield Partnership, which was represented by Thalhimer’s Capital Markets Group. The sale was completed by Eric [&helli[...]
$11.7M RRHA redevelopment contract awarded to Breeden
Breeden Construction has been awarded a $11.7 million contract to redevelop several Richmond Redevelopment and Housing Authority neighborhoods, with construction starting in late June. The Richmond-based general contractor will perform work on Afton Avenue Apartments, Bainbridge Apartments and Fulton Apartments, with Michaels Development and RRHA as developers. The renovation project includes 123 [...]
Phase one of Portsmouth affordable housing project completed
Breeden Construction announced last week that it has completed the $12.5 million phase one of an affordable housing project in Portsmouth ahead of schedule. Work began on Lexington Place in January 2020. Located off Frederick Boulevard, Lexington Place now has 72 residences, a new clubhouse and 1.4 acres of green space. Breeden was chosen as […]
Hampton Roads sees small increase in active home listings
The Hampton Roads area saw growth in new home listings, pending sales and settled sales in May 2021 compared to May 2020, the Real Estate Information Network Inc. reported in its monthly update on the region. All new listings (listed three days or less) were up 24.74% year-over-year in May, and settled sales saw a […]
McLean shopping center purchased for $32.1M
Federal Realty Investment Trust has purchased an 80% interest in Chesterbrook Shopping Center in McLean for $32.1 million, after managing the property for almost 20 years. The Bethesda, Maryland-based REIT made the acquisition on April 30, which it announced last week. The nearly 90,000-square-foot shopping center at 6244 Old Dominion Drive is 83% occupied and […]
Two Henrico County buildings sell for $12.35M
Two commercial buildings in Henrico County were sold to Maryland-based Feldman Bergin Properties, Colliers International announced last week. According to county property records, Deep Run Business Centre I and II sold for $12.35 million. The 88,118-square-foot, two-building portfolio at 3955-3991 Deep Rock Road is 100% occupied with such tenants as Capel Rugs, Phoenix Fitness, Next […]
NoVA CEO to be nominated for U.S. Navy secretary
Carlos Del Toro, president and CEO of Alexandria-based defense contractor SBG Technology Solutions, will be nominated to become secretary of the U.S. Navy, President Joe Biden announced Friday. If confirmed by the U.S. Senate, Del Toro will be the second Latino man to serve as head of the U.S. Department of the Navy, after Edward […]
State sees historic 66.2% General Fund revenue increase in May
The state’s General Fund revenue rose 66.2% in May 2021 compared with May 2020, Gov. Ralph Northam announced Friday, the largest increase in more than 50 years. He also announced the appointment of the state’s new secretary and deputy secretary of finance. May is usually a big month for revenue collections due to the state’s […]
