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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

Image by AdobeStock

Hampton Roads too reliant on federal dollars, economists warn

Economists warn that the Hampton Roads region is overly reliant on federal spending and is at risk i[...]

Trump administration threatens no back pay for federal workers in shutdown

Trump administration threatens no back pay for federal workers in shutdown

The Trump administration says furloughed workers aren’t guaranteed back pay during the shutdown, r[...]

A rendering of Colonna’s Shipyard’s latest investment, a new $70 million drydock currently under construction. Image courtesy Colonna's Shipyard

Colonna’s Shipyard invests $79M to build 4th drydock

Norfolk-based Colonna’s Shipyard announced Friday that it has invested $70 million to acquire its [...]

Health systems forecast pain from Medicaid cuts

Health systems forecast pain from Medicaid cuts

Virginia hospitals face closures as Medicaid cuts hit budgets; Augusta Health closes clinics, warns [...]

Brian Warpup inspects one of his soybean fields in Warren, Ind., Thursday, Sept. 11, 2025. (AP Photo/Michael Conroy)

Trump’s trade battle with China puts soybean farmers in peril

China stops buying U.S. soybeans, leaving Virginia farmers with fewer export markets. Simultaneously[...]

Trump slaps tariffs on drugs, furniture, trucks

Trump slaps tariffs on drugs, furniture, trucks

Starting Oct. 1, Trump will impose tariffs of up to 100% on drugs, cabinets, furniture and heavy tru[...]

People

Dale Wagoner plans to retire as CEO at the end of the year. Photo courtesy LMI

LMI CEO transitions to chairman

6/10/2025

Antonio Perez Jr. has been named General Manager of Rivers Casino Portsmouth. Photo courtesy RIvers Casino Portsmouth

Rivers Casino Portsmouth hires new general manager

2/10/2025

The Flagstop Car Wash location at 11031 Iron Bridge Road in Chester. Photo courtesy Flagstop.

Richmond-area car wash chain promotes CEO, other execs

30/9/2025

Regions

Digital Gateway opponents score legal win

Digital Gateway opponents score legal win

A Virginia judge voided the rezoning for the $500M Prince William Digital Gateway project, siding wi[...]

Federal funding repeals could halt rural broadband expansion

Federal funding repeals could halt rural broadband expansion

The much-heralded broadband expansion efforts in Southwest Virginia may not come to fruition after a[...]

Danville invests $3 million to prep Coleman site

Danville invests $3 million to prep Coleman site

In July, Danville City Council members OK’d an infusion of funding for 158 acres on Gypsum Roa[...]

Data centers stir debate in Frederick

Data centers stir debate in Frederick

After rejecting two major data centers, Frederick County supervisors back a fact sheet to study impa[...]


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