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Recent Articles from Rich Griset
Danville chamber announces winners of first pitch competition
On Monday, the Danville Pittsylvania County Chamber of Commerce announced it had awarded four businesses a total of $50,000 in order to open or expand in Danville and Pittsylvania County as part of the chamber’s new entrepreneurship competition. Called Rev Up Danville Pittsylvania, the entrepreneurship pitch competition was based on the River District Association’s Dream […]
Chantilly-based VTG awarded $116M defense contract
Chantilly-based engineering firm VTG announced Tuesday that it has been awarded a $116 million, five-year contract from the Naval Information Warfare Center Pacific (NIWC-PAC) to provide C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) engineering and production services to the center’s Network Integration Engineering Facility (NIEF). The NIW[...]
LewisGale to open standalone ER in Roanoke
On Monday, LewisGale Regional Health System held a groundbreaking ceremony for a new freestanding emergency room in Roanoke. Located at 1423 West Ruritan Road, the nearly 10,000-square-foot facility will be named LewisGale Medical Center Blue Hills ER and be staffed with board-certified emergency room physicians and nurses 24 hours a day, 365 days a year. […]
Norfolk Southern names new VP of government relations
Norfolk-based Norfolk Southern Corp. announced on Tuesday that its board of directors has elected Frank Voyack as the company’s vice president of government relations, effective May 1. Voyack succeeds Marque Ledoux, who is retiring after 18 years with the Fortune 500 freight railroad. In his new role, Voyack will lead Norfolk Southern’s efforts in Washington, […]
State litter tax rate, penalty increase go into effect May 1
Rate increases and a large additional penalty for late payments for the state’s litter tax will go into effect for Virginian business owners on May 1. The changes, a result of legislation from the 2020 General Assembly session, are as follows: – The litter tax payment will increase up to $20 per business establishment. – […]
Capital Square names new VP of HR
Henrico-based real estate investment company Capital Square announced on Monday that it has promoted Tangela Lambert to the position of vice president of human resources. Lambert joined Capital Square in 2016 as its human resources director. Lambert has more than 10 years of experience in human resources and employee relations. She earned a bachelor’s degree […]
Norfolk industrial building sells for $3.75M
A 66,000-square-foot industrial building in Norfolk has sold for $3.75 million. Virginia Beach-based Club Forrest Acquisitions LLC purchased the building, located at 4500 Progress Road, from Boston-based Wheeler Commercial Properties. The deal closed on April 15. The building is situated on a four-acre parcel and is currently occupied by Superior Distribution, a subsidiary of Texas-based […[...]
Commercial real estate leasing roundup
Central Virginia – Weyerhaeuser Co. renewed its lease of 72,399 square feet of industrial space at Sarellen Road Warehouse, 4200-4222 Sarellen Road, in Henrico County. Evan Magrill and Scott Douglas of Cushman & Wakefield | Thalhimer handled lease negotiations on behalf of the landlord. – Belvac Production Machinery Inc. leased 40,000 square feet of industrial […]
Arlington’s Blackfin acquires Roanoke County apartments for $23.2M
Arlington-based Blackfin Real Estate Investors LLC purchased Villages at Garst Creek, a 504-unit apartment complex in Roanoke County, for $23.25 million. The deal closed on April 21. Built in 1974, the 33-building property is located at 4375 Garst Mill Road. The property was rehabbed in 2007 under the Section 42 Low-Income Housing Tax Credit program. […]
Virginia’s median home price jumps 9.8% over previous year
On April 20, Virginia Realtors reported that the median statewide home sales price for March was $335,000, up 9.8% from a year ago. Outlined in Virginia Realtors’ March 2021 Home Sales Report, the trade association reports that home prices have been rising quickly since last summer, with year-to-date home prices up in nearly every market […]
