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Recent Articles from Kate Andrews
Woodbridge office building goes for $3.25M
A commercial office building in Woodbridge has sold for $3.25 million in an off-market deal, Edge Capital Markets Group announced this week. The 11,200-square-foot building sits on a 1.56-acre parcel of land at 13370 Minnieville Road. Currently the building is occupied by a social services center focused on workforce training and job placement run by […]
Downtown Culpeper mixed-use property sold for $3.95M
The Waters Place mixed-use property in downtown Culpeper has been sold for $3.95 million, Cushman & Wakefield | Thalhimer announced this week. The redevelopment and new building at 201 Waters Place includes 25 residential units and nine commercial spaces. Waters Place sits on half an acre and includes a renovated warehouse from circa 1900, as […]
Técnico Corp. buys Newport News building for $3M
An industrial building in Newport News’ Oyster Point Park was sold for $3.125 million, Cushman & Wakefield | Thalhimer announced this week. Técnico Corp. purchased the 53,414-square-foot building on 3.93 acres from Beja LLC and will occupy the property at 806 Bluecrab Road. Clay Culbreth of Thalhimer handled the sale for the purchaser. The building […]
Va. GOP prepares for nomination convention on Saturday
On Saturday, roughly 54,000 Virginia Republican convention delegates will have the opportunity to choose their party’s 2021 nominees for governor, lieutenant governor and attorney general. Unlike the typical “firehouse convention,” currently prohibited due to COVID-19 precautions, the state GOP has opted for an “unassembled convention” with 39 voting locations open Sa[...]
Va. sees 67% drop in weekly jobless claims
The state’s number of initial unemployment claims continues to fluctuate wildly, with only 12,231 Virginians submitting new jobless claims for the week ending May 1, a drop of 25,125 claims from the previous week, the Virginia Employment Commission reported Thursday. For the April 26-May 1 filing week, the state saw a 67.2% decline in new […]
Northam: Many restrictions likely to be lifted June 15
Virginia will relax most COVID-19 mitigation measures by June 15 if vaccination numbers continue to increase and spread of the virus continues to decrease, Gov. Ralph Northam said Thursday, but lifting the face mask mandate will likely take longer. “We will continue to evaluate our mask guidance,” the governor added, but social distancing requirements and […]
AMPAC expanding Petersburg operation, adding 156 jobs
AMPAC Fine Chemicals plans to grow its Petersburg manufacturing facility, investing $25 million and creating 156 jobs, Gov. Ralph Northam announced Tuesday. AMPAC manufactures active pharmaceutical ingredients (APIs) and is a partner with Richmond-based Phlow Corp., Virginia Commonwealth University’s Medicines for All Institute and nonprofit drugmaker Civica Inc., on a federally funded, $354[...]
COVID roundup: Northern Va. could reach herd immunity by June/July
According to the University of Virginia Biocomplexity Institute, estimated rates of “vaccine acceptance” — residents’ willingness to be vaccinated — differ regionally and could delay herd immunity in some parts of the state. The U.Va. report, released April 30, shows that an estimated 88% of Northern Virginia adults are willing to be vaccinated, but Eastern […]
Aditxt to produce 300 jobs in Richmond
A biotech company is setting up shop in Richmond and is expected to produce 300 jobs, Gov. Ralph Northam announced Monday. California-based Aditx Therapeutics Inc. (Aditxt) has pledged to invest $31.5 million over the next three years in its first AditxtScore Center, a facility that will monitor patients’ immune systems. The company plans to open […]
Q1 sees stronger industrial, mixed office space demand
Cushman & Wakefield | Thalhimer has released Q1 highlights in commercial real estate for several Virginia regions, including Roanoke, Fredericksburg, Hampton Roads, Richmond and Charlottesville. Here are some of the regions’ “fast facts” for the first quarter of 2021: Roanoke’s unemployment rate reached 5.1%, an increase from the fourth quarter but still below the natio[...]
