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Recent Articles from Sydney Lake
Dairy farms worry about staying afloat during pandemic
With milk prices dropping to the lowest point in years during the COVID-19 pandemic, Virginia dairy industry representatives fear that as many as 30 to 40 of the commonwealth’s 450 dairy farms could be forced out of business by the end of the year. The dairy industry in Virginia has been in decline for several […]
SBA Paycheck Protection Program funds could run out by Thursday
The Small Business Administration’s (SBA) $349 billion Paycheck Protection Program (PPP) relief fund is expected to be exhausted by early Thursday. Since the application process for the fully forgivable loans opened on April 3, Virginia banks have been flooded with nearly 30,000 applications totaling $6.6 billion worth of requests from small businesses hurt by the […]
The show must not go on
Abingdon’s Barter Theatre – the nation’s oldest Actors’ Equity Union theater – has closed the curtain on its spring season. The theater, which opened in 1933 during the Great Depression, announced March 19 it would furlough 87 of its employees, then days later furloughed six more. This left a skeleton crew of 11 to fundraise, […]
Banks see online banking outages as stimulus checks drop
Some of the top banks in Virginia in terms of 2019 deposits reported issues with customers being unable to access their online banking accounts Wednesday — the same day that millions of Americans expected to receive federal stimulus checks of at least $1,200 deposited into their accounts. “Downtime for banking systems is so incredibly rare,” […]
Roanoke apartments sell for $2.3M
The West End Flats apartments in Roanoke has sold for $2.3 million, Roanoke-based Waldvogel Commercial Properties Inc. announced Monday. The apartment complex includes 24 one-bedroom, one-bathroom apartments and A Few Old Goats microbrewery, which is located at 515 8th St. SW. The transaction closed on April 10. The property is 92% leased. Roanoke-based developer Ed […]
Carilion Clinic furloughs workers, reduces hours
With its regular ambulatory and inpatient care declining by 40% to 70% during the COVID-19 crisis, Roanoke-based Carilion Clinic announced Tuesday it is furloughing employees to reduce expenses. It follows similar measures taken by other health care systems operating in Virginia including Bon Secours Mercy Health and Ballad Health. The number of employees who will be […]
Harrisonburg Dairy Queen sells for $1.15M
A Dairy Queen Grill & Chill in Harrisonburg sold for $1.15 million, Denver-based Blue West Capital announced Thursday. Dairy Queen was the only tenant leased to the property at 78 S. Carlton Street in Harrisonburg. The property sold as a sale-leaseback. The Dairy Queen franchisee will still be able to use the building, but will […]
Former IKEA warehouse sells for $3.85M in Pittsylvania
A 152,379-square-foot warehouse and distribution facility formerly used by IKEA in Pittsylvania County’s Ringgold area sold for $3.85 million, Cushman & Wakefield | Thalhimer announced Monday. Rick Barker Properties LLC purchased the facility located at 240 Factory Lane — approximately six miles outside of Danville. The facility sits on 23 acres of land and had […]
Five-story apartment complex to be built in Henrico County
A five-story apartment complex will be built at the intersection of Maywill and Thalbro Streets in Henrico County, Cushman & Wakefield | Thalhimer announced Tuesday. Bristol Maywill Partners LLC purchased the 2.1 acres of land for $2 million from 2001 Maywill LLC. The apartment complex will be part of a mixed-use development, which will include […]
Shifting from shirts to masks
Virginia Business virtually sat down with Paul Trible, CEO of Richmond-based menswear manufacturer Ledbury, which specializes in custom clothing and men’s shirts. This is part of an ongoing series of conversations with Virginians about how their work lives and businesses have changed during the pandemic. Virginia Business: How did you decide to convert to producing […]
