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Harvey Lindsay Jr., Norfolk real estate icon, dies at 93
Harvey L. Lindsay Jr., chairman and former president of Harvey Lindsay Commercial Real Estate, died Wednesday at the age of 93, the Norfolk firm announced Thursday. In addition to his nearly 70-year career in real estate, Lindsay was a Korean War veteran and an active volunteer in Hampton Roads civic organizations, as well as an […]
VCU to open $125M STEM building next week
Virginia Commonwealth University will open its $125 million College of Humanities and Sciences’ 168,000-square-foot STEM building during a ribbon cutting scheduled next week. The six-floor building, located at 817 W. Franklin St. in Richmond, will expand lab, classroom and office space for the college, which is home to 17 departments, two schools and three programs. […]
Fed Fifth District economy shrinks slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has contracted slightly since March, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions g[...]
Chesapeake industrial building goes for $1.4M
AG Wraps Inc. has purchased a 11,200-square-foot industrial building in Chesapeake for $1.4 million, Cushman & Wakefield | Thalhimer announced Monday. The building, at 913 Business Park Drive, is on 1.05 acres, and it was purchased from Allen V. Alewine. The company installs short- and long-term vinyl graphics for vehicles and has other locations in […]
Chesterfield business center building sells for $1.36M
Six Bees II LLC has purchased a 10,680-square-foot office and warehouse building in Chesterfield County’s Branchway Business Center for $1.36 million. Six Bees II, which is affiliated with CK Bosworth Construction, purchased the building from 1321 Business Center Drive LLC, and the company will occupy half of the building to accommodate its growing commercial construction […]
Former auto dealership property in Va. Beach sells
A former auto dealership property in Virginia Beach has a new owner. Best Buy Wheels purchased a 3,904-square-foot former auto dealership from BT Associates LLC for $1.5 million to operate as a second location for its auto dealership. The property, located at 1305 Oceana Blvd., was formerly Bay Shore Used Auto Sales. Clay Willis and […]
Frito-Lay building in Chesapeake sells for $5.4M
A 29,494-square-foot industrial building in Chesapeake has changed ownership, S.L. Nusbaum Realty Co. announced. B&D Acquisitions LLC purchased the building for $5.425 million from Rolling Frito-Lay Sales LP. The building is located on about 6.5 acres at 909 and 913 Professional Place in Chesapeake. Rolling Frito Lay will lease the building back from B&D. Stephanie […]
$35.8M Newport News affordable housing redevelopment begins
The BLVD Group has acquired and started renovations on the Aqua Vista Apartments in Newport News, the Los Angeles- and Dallas-based company announced Tuesday. BLVD expects development costs, including the property purchase and “soft costs” like engineering and design, to total more than $35.8 million. A BLVD-affiliated limited partnership, Aqua Vista LP, bought the property […]
Bowman acquires Maryland engineering firm
Reston-based Bowman Consulting Group Ltd. has acquired Rockville, Maryland-based Richter & Associates, a dry utility infrastructure engineering firm, the company announced Tuesday. Terms of the deal were not disclosed. Richter has 28 employees. The company works with private and public clients as well as utilities to design, develop and implement natural gas, electric and telecommunications [&[...]
Retail/office collection in Richmond sells for $6.3M
A combined 15,994 square feet of retail and office buildings in Richmond‘s West End area sold for $6.3 million in late March, according to Cushman & Wakefield | Thalhimer. The buildings are located at the corner of Grove and Granite avenues, at addresses 5701-5707 Grove Ave. and 124 Granite Ave. About half of the buildings […]
Chesterfield distribution center sells for $37.5M
A distribution center in Chesterfield County’s Meadowville Technology Park sold for $37.5 million in mid-March, according to county property records. Located at 1400 Digital Drive in Chester, the 353,044-square-foot distribution center is fully leased to one tenant — CCBCC Operations LLC, a wholly owned subsidiary of Coca-Cola Consolidated Inc. — according to a Cushman & […]
Hurt & Proffitt acquires Gretna civil engineering firm
Lynchburg-based civil engineering firm Hurt & Proffitt (H&P) has acquired Gretna-based Reynolds-Clark Development, according to a news release. H&P Chief Financial Officer Matthew Leslie declined to disclose the value of the deal. The company has added Reynolds-Clark’s five employees to its workforce, bringing its total personnel to about 150. Reynolds-Clark will be now be known [...]
