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Virginia’s Gateway Region adds three localities to footprint
Virginia’s Gateway Region Economic Development Organization announced Thursday that its board of directors voted three additional Virginia localities — the city of Emporia, along with Greensville and Brunswick counties — into its geographic footprint. Based in Colonial Heights, the VGR is a private nonprofit economic development organization that works closely with the Virginia Economic [...]
Colonial Heights shopping center sells for $5.45M
Q&L Realty LLC has purchased the Southpark Square Shopping Center in Colonial Heights from the Colonial Heights Land Associates Limited Partnership for $5.45 million, Divaris Real Estate Inc. announced Thursday. The 35,705-square-foot retail shopping center is located at 1829-1865 Southpark Blvd. in Colonial Heights. The shopping center is on 6.67 acres of land about 20 […]
Cameron Foundation president to retire
The Cameron Foundation’s president, J. Todd Graham, will retire Dec. 31, the Petersburg foundation announced Monday. Graham has served as the foundation’s president since fall 2012. Under his leadership, the foundation has supported projects that have established school-based health clinics in Petersburg and Hopewell high schools, a teacher residency program in Petersburg schools to re[...]
Fed still likely to raise rates, despite Russia-Ukraine conflict
Federal Reserve Bank of Richmond President and CEO Thomas Barkin said Thursday that he hopes to bring interest rates up to pre-pandemic levels “relatively quickly,” while noting that it’s hard to predict the future effect of the geopolitical conflict between Russia and Ukraine on the nation’s economy. Speaking at a luncheon in Colonial Heights hosted […]
Colonial Heights shopping center sells for $26.25M
Colonial Square, a Publix-anchored shopping center in Colonial Heights, sold for $26.25 million, JLL announced Thursday. Colonial Square Associates – A Berman Kappler Property sold the shopping center to United Hampshire US REIT. The shopping center is 168,326 square feet and is 99% leased. It was constructed in 1967 and underwent renovations in 2017, when […]
Blackfin and GMF buy three apartment complexes for $48M
On Monday, Arlington-based Blackfin Real Estate Investors LLC and New York-based GMF Capital LLC announced they had purchased three Low Income Housing Tax Credit (LIHTC) communities from Virginia Beach’s The Franklin Johnson Group for $48 million. The apartment complexes include: Oaks at Dunlop Farms, 101 Old Oak Lane, Colonial Heights, 23834; Crescent Place, 2804 Turnpike […]
Colonial Heights joins Richmond Region Tourism
The city of Colonial Heights has signed on as a Richmond Region Tourism partner locality, the organization announced Wednesday. With the partnership, Richmond Region Tourism will support Colonial Heights’ tourism efforts as the state is reopening during COVID-19. “We look forward to collaborating with Richmond Region Tourism to market Colonial Heights to visitors as the […]
