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Recent Articles from Katherine Schulte
New Va. unemployment claims down 32%
Virginia’s new unemployment claims declined by almost 32%, the Virginia Employment Commission reported Thursday. For the filing week ending Jan. 22, Virginians filed 1,940 initial claims, down 909 from the previous week. Continued claims totaled 7,543, an increase of 484 claims from the week before. Compared to the same week last year, initial claims were […]
ODU’s Strome Center to host tech entrepreneur weekend
Old Dominion University’s Strome Entrepreneurial Center will hold its 3 Day Startup weekend entrepreneurship program, where participants develop and pitch a product, from Feb. 4 to Feb. 6. ODU previously held the program in 2018, 2019 and 2021. This year’s event is focused on technology solutions. Attendees form groups on Friday afternoon and begin to […]
Elizabeth River Crossings announces CEO
Elizabeth River Crossings OpCo LLC (ERC) has promoted Anna Bonet to CEO, the company announced Wednesday. ERC finances, operates and maintains the Elizabeth River Tunnels from Portsmouth to Norfolk. Bonet joined ERC as deputy CEO in September 2021 and worked with former CEO David Sullivan, who announced his retirement last week. “I remain committed to […]
Va. economic growth will slow in 2022, ODU economists predict
Virginia’s economy is likely to grow at a slightly slower pace in 2022 than it did last year, with the COVID-19 pandemic continuing to make future predictions murky, according to the 2022 Annual Economic Forecast released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. “If we can control COVID-19, the economy […]
HCA Healthcare Capital Division promotes chief nurse executive
Richmond-based HCA Healthcare Capital Division announced Tuesday it had promoted Erin Keister as the new division chief nurse executive, effective Feb. 21. “Erin is a strong and empowering leader in the nursing field,” HCA Healthcare Capital Division President Tim McManus said in a statement. “During the pandemic, when health care has been challenged in ways […]
Bon Secours names Richmond market chief clinical officer
Dr. Peter Charvat is the new chief clinical officer for the Bon Secours Richmond market, the health system announced recently. In this role, Charvat will focus on clinical practices across the Richmond market, including standardizing best practices in patient care and medicine. He will report to the former Richmond market chief clinical officer, Dr. Mark […]
Startup Virginia to host Idea Factory workshop
Richmond-based nonprofit business incubator Startup Virginia is hosting its fifth Idea Factory — a six-week, largely virtual program to help aspiring entrepreneurs test, improve and validate their business ideas — from Feb. 28 to April 4. The program focuses on technology-driven or manufacturing-based business ideas and starts with an onboarding meeting before moving into five […]
Hotel industry recovering, but unevenly
The hotel industry will continue its recovery from 2020 this year, but unevenly, according to the American Hotel & Lodging Association’s 2022 State of the Hotel Industry Report. “Hotels have faced enormous challenges over the past two years, and we are still a long way from full recovery. The uncertainty about the omicron variant suggests […]
JBG Smith breaks ground on two mixed-use towers in Arlington
Maryland-based developer JBG Smith Properties announced Tuesday that it had started construction on two mixed-use towers in National Landing. The multifamily towers, located at 2000 and 2001 S. Bell St., will bring 775 rental apartments and nearly 27,000 square feet of retail space to National Landing. “The start of construction at 2000 and 2001 S. […]
Virginia ABC stores to change to noon opening
The Virginia Alcoholic Beverage Control Authority will change its daily opening hours to noon at its 395 stores starting Monday. Staffing stores has become difficult as “increasing numbers of ABC’s retail employees continue to be affected by COVID-19,” the authority said in a news release. Store closing times will remain the same. “Like other retailers […]
Falls Church strip mall gets new look
The shopping center formerly known as Falls Plaza in Falls Church has a new look and a new name: Birch & Broad. Renovations are now complete at the 144,000-square-foot strip mall, which is anchored by a Giant Food supermarket. Other tenants include Conte’s Bike Shop, CVS Pharmacy, Plaka Grill, Starbucks, Jersey Mike’s and Road Runner […]
Three Haymarket buildings sold for $13M
An affiliate of Fairfax-based Meladon Group LLC purchased three buildings in Haymarket for $13 million, Cushman & Wakefield | Thalhimer announced Tuesday. The seller was not disclosed. The portfolio includes buildings leased to CVS, Chick-Fil-A and Virginia National Bank on 5.63 acres at the intersection of Virginia Route 15 and Washington Highway, just off Interstate […]
Two Lynchburg apartment complexes sell for $7M
Two Lynchburg apartment communities have sold for $7 million, Cushman & Wakefield | Thalhimer announced Wednesday. Deal Properties sold Bramblewood Apartments, with 71 units, and Craigmont Manor, with 24 units, to BWCM Apartments LLC. BWCM plans to upgrade the properties. Clay Taylor of Cushman & Wakefield | Thalhimer’s Capital Markets Group out of Roanoke and […]
Consumer Technology Association: “CES will and must go on”
The Arlington-based Consumer Technology Association (CTA) is moving forward with its CES consumer technology trade show in Las Vegas in January, despite cancelations from big exhibitors and the surge of COVID-19 cases fueled by the omicron variant. Formerly known as the Consumer Electronics Show, CES typically draws thousands of exhibitors and more than 150,000 attendees. […]
Capital Square 1031 acquires Powhatan apartments
Henrico-based Capital Square 1031 purchased the Artistry at Winterfield, a 200-unit apartment community in Powhatan County, just over the Chesterfield County line in Midlothian, the company announced Dec. 23. The acquisition was on behalf of CS1031 Artistry at Winterfield Apartments DST, which is raising $35.2 million in equity from accredited investors. The purchase price was […]
Chester distribution facility sells for $17.7M
The Old Stage Distribution Center in Chesterfield County sold for $17.7 million, Cushman & Wakefield | Thalhimer announced Tuesday. LNR Partners sold the 375,000-square-foot building, which sits on 33 acres, to New York-based Diamond Acquisitions. The distribution center is at 11200-11300 Old Stage Road in Chester, near Interstate 95. The facility is fully leased to […]
Bechtel subsidiary wins $872M Navy contracts
A subsidiary of Reston-based global engineering, construction and project management company Bechtel Group Inc. won a pair of contract modifications, totaling about $872 million, from the U.S. Navy, the Department of Defense announced Monday. Monroeville, Pennsylvania-based Bechtel Plant Machinery Inc., has been awarded a $621.9 million cost-plus-fixed-fee modification to a previously awarded cont[...]
Charlottesville land sells for $3.5M
Charlottesville-based Riverbend Development purchased 1.15 acres of land in Charlottesville for $3.5 million, with plans for retail development, Cushman & Wakefield | Thalhimer announced Tuesday. Located at 1150 5th St. at the former site of a Hardees restaurant, the property was sold by Rocky Mount, North Carolina-based Boddie-Noell Enterprises Inc., which owns and operates more […]
Suffolk industrial park sells for $10.3M
Flint Acquisitions LLC bought the 275-acre Waverton Commerce Park, which includes two industrial buildings, in Suffolk for $10.3 million, Cushman & Wakefield | Thalhimer announced Tuesday. Flint purchased the property along Carolina Road from Waverton Associates Inc. and will rebrand the industrial park as Coastal Logistics Center. The buildings total 27,000 square feet. William C. […]
Franklin Johnston Group plans Va. Beach apartments
The Franklin Johnston Group, based in Virginia Beach, has purchased a 37,500-square-foot industrial building in Virginia Beach with plans to redevelop it into apartments. The building, which sits on 9.44 acres at 925 S. Military Highway, was sold by Wildwood Park LLC for $4.75 million. Robert M. Thornton of Cushman & Wakefield | Thalhimer represented […]
