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Home>Rich Griset

Rich Griset

Recent Articles from Rich Griset

Roanoke’s Villages at Garst Creek has sold for $23 million.
News April 23, 2021

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. […]

Home prices still increasing
Real Estate April 23, 2021

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 […]

Falkland Farms property. Photo courtesy of the Virginia Department of Conservation and Recreation
Government April 23, 2021

Fortnite video game CEO makes Va.’s largest land conservation gift

North Carolina billionaire and Epic Games Inc. CEO Tim Sweeney has donated 7,300 acres of privately-owned land in Halifax County to the state — the largest single private land conservation gift in Virginia history, Gov. Ralph Northam announced Friday. Cary, North Carolina-based Epic is the company behind the massively popular video game franchise Fortnite, which […]

Federal Contracting April 21, 2021

Maximus acquires Houston veterans services company for $1.4B

Reston-based government services company Maximus announced Wednesday that it will purchase the parent company of Veterans Evaluation Services Inc. (VES) for $1.4 billion. Based in Houston, VES is a privately held company that serves the federal government, including the U.S. Department of Veterans Affairs, as a provider of medical disability examinations to determine veterans’ eligibility [&[...]

Thomas Donohoe is the new chief marketing officer at Cuisine Solutions Inc.
People April 21, 2021

Cuisine Solutions Inc. announces new chief marketing officer

Alexandria-based Cuisine Solutions Inc. announced Wednesday that it has hired Thomas Donohoe as its chief marketing officer. Donohoe served for the last 11 years as the CEO of Level Agency, a Pittsburgh-based performance marketing and advertising agency. He sold the agency to his colleagues in March. “I am thrilled to be starting my next chapter […]

News April 21, 2021

Unison acquires Price Systems

Dulles-based Unison Software Inc. announced Wednesday that it has acquired New Jersey-based Price Systems LLC for an undisclosed amount. Both companies provide software to support governmental missions, acquisition professionals, government contractors and manufacturers. “Our customers’ mission-critical programs continue to grow more complex. Price Systems best practices, thought leadershi[...]

News April 21, 2021

Leidos awarded $480M contract from U.S. Customs and Border Protection

Reston-based Fortune 500 company Leidos Holdings Inc. announced Tuesday it has been awarded a $480 million contract by U.S. Customs and Border Protection (CBP) to provide multi-energy portal (MEP) systems for nonintrusive inspections of commercial vehicles at land and sea ports of entry. The award for the science and technology company includes a base period […]

News April 21, 2021

Northrop Grumman lands $2.3B ICBM contract

Falls Church-based Northrop Grumman Corp. has been awarded a U.S. Department of Defense (DOD) contract for up to $2.3 billion to support propulsion subsystems for intercontinental ballistic missiles (ICBM), DOD announced on Tuesday. The 18.5-year contract provides assistance to the government in maintaining the Minuteman III weapon system. The work will be performed primarily in […]

Stan in his new habitat.
News April 20, 2021

T-Rextasy: Dino replica finds home at Great Minds’ future Richmond HQ

Call it rex appeal. On Wednesday, Washington, D.C.-based education company Great Minds will install a museum-quality replica of Stan the Tyrannosaurus rex’s skeleton at its future headquarters in Richmond. Measuring 13 feet tall and 40 feet long, the actual Stan’s fossilized skeleton sold for $32 million in a Christie’s auction last October, making it the […]

Healthcare April 20, 2021

Central Va. pharma hub strategic plan released

On Tuesday, the Virginia Commonwealth University College of Engineering announced its strategy to turn Central Virginia into an advanced pharmaceutical manufacturing, research and development hub. The strategic plan aims to foster business and job growth in the Richmond–Petersburg area while also expanding access to medicines. The creation of the plan was funded by a $100,000 […]

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Top Stories

A photo of a Leidos sign and a glass covered building.

Leidos acquires Chantilly AI tech biz for $300M

Reston-based federal contractor Leidos announced Wednesday it has acquired Kudu Dynamics, a business[...]

The former Best Products property in Henrico County. Photo courtesy Henrico County

Henrico issues new RFI for arena project

Following the collapse of the $2.3 billion GreenCity project in March, Henrico County on Tuesday rel[...]

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Booz Allen CEO says 7% of employees to be laid off

McLean-based Fortune 500 management consulting business Booz Allen Hamilton will lay off 7% of its 3[...]

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House GOP passes Trump tax bill despite deficit fears

House Republicans push through Trump’s tax bill after all-night session, despite CBO warning it co[...]

U.S. Rep. Gerry Connolly, D-Fairfax. Photo courtesy Connolly's office

Virginia congressman dies from cancer

U.S. Rep. Gerry Connolly, a nine-term Democrat representing Virginia's 11th congressional district, [...]

Richmond Fed President and CEO Tom Barkin spoke at the Investing in Rural America Conference in Roanoke on May 20, 2025. Photo by Joseph Minick/Federal Reserve Bank of Richmond

Barkin: Affordable housing key to rural economic growth

Richmond Fed President and CEO Tom Barkin said affordable housing and workforce investment are drivi[...]

People

The Charlottesville Regional Chamber of Commerce has promoted Andrea Copeland to president and permanent CEO. Photo courtesy Charlottesville Regional Chamber of Commerce

Charlottesville Chamber announces new president and CEO

28/5/2025

Clinton R. Hayes, incoming president of Southwest Virginia Community College. Photo courtesy Virginia Community College System

Southwest Virginia Community College president appointed

23/5/2025

Troy Dillow has been named Choice Financial Group's president and chief operating officer. Photo Courtesy Choice Financial Group.

Choice Financial announces new president, mid-Atlantic leader

23/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia and the nation

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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