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Recent Articles from Katherine Schulte
Three Norfolk retail buildings sell for $3.3M
Three retail buildings on a portion of a site used for commercial auto sales and service in Norfolk sold for $3.3 million on Dec. 22, 2023. Michael Sifen Inc. purchased an approximately 5.39-acre portion of 7520 N. Military Highway from Freedom Industrial. The site includes a roughly 30,188-square-foot building, a two-story, roughly 3,030-square-foot building, and […]
Virginia Beach retail building sells for $5.5M
A retail building in Virginia Beach sold for $5.5 million on Dec. 18, 2023. Located at 5169 Virginia Beach Blvd., the freestanding retail building is 59,162 square feet, and the plot of land is almost 136,999 square feet, according to city property records. The current tenant is a Havertys Furniture store. 5169 VB BLVD LLC […]
8-story office building in Fairfax County sells for $9.5M
An eight-story office building in Fairfax County sold for $9.5 million on Dec. 19, 2023. Located at 4035 Ridge Top Road, the Crown Ridge at Fair Oaks is a 194,699-square-foot Class A office building near the intersection of U.S. Route 50 and Interstate 66. The previous owner recently completed a $1.1 million upgrade, including a […]
U.Va. receives $5M donation for business ethics professorship
The former president and CEO of Canadian Tire Corp. and his wife have committed $5 million to establish a University of Virginia Darden School of Business professorship focused on business ethics. U.Va. President Jim Ryan announced the donation by Stephen and Phyllis Bachand to the Darden School Foundation on Dec. 19, 2023. The university will […]
RTX subsidiary wins $345M Air Force contract
Raytheon, a subsidiary of Arlington County-based aerospace and defense contractor RTX, won a $344.6 million U.S. Air Force contract modification, the Department of Defense announced Friday. Raytheon will produce more than 1,500 StormBreaker smart weapons, which are air-to-surface, network-enabled weapons that can engage moving targets in all weather conditions, according to a RTX news release. [&h[...]
Virginians bet almost $639M on sports in November
Virginians bet $638.8 million on sports in November 2023, up 23.1% from November 2022, according to data the Virginia Lottery released on Dec. 29, 2023. November’s handle is an 11.8% increase from October 2023, when Virginians bet $571 million on sports. Virginia betters won $595.8 million in November and about $507 million in October. About […]
In critical condition
For about a decade leading up to 2013, Dr. James Min was one of three physician-owners of a private practice in Prince William County, Bristow Run Family Medicine, working as a doctor by day and a finance manager by night. “With the complexity of health care, billing, contracting with insurances, all these kinds of things, […]
MicroStrategy buys $615.7M more bitcoin in December
Tysons-based tech company MicroStrategy and its subsidiaries continued to grow their cryptocurrency cache in December, nearing $8 billion in bitcoin holdings. The company and its subsidiaries purchased about $615.7 million worth of bitcoin — approximately 14,620 coins — in cash from Nov. 30 to Dec. 26, according to MicroStrategy’s Wednesday filing with the U.S. Securities […]
Meat processor to build $1.7M Prince Edward facility
A halal meat business, 5 Pillar Meats, will invest more than $1.7 million to build an abattoir and red meat processing facility in Prince Edward County, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Thursday. The new building, which will be located on a 3-acre site in the Prince Edward County Business […]
Russell County farm to invest $1M in expanded manufacturing
Goat milk products maker Bates Family Farm will invest roughly $1 million to relocate its manufacturing facility to a Russell County-owned building in Lebanon, a project expected to create 12 jobs, Gov. Glenn Youngkin announced Wednesday. “We’re creating agriculture-based jobs and selling Virginia-made products,” Bates Family Farm co-founder and CEO Joseph “Joe” Bates said. T[...]
