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Lynchburg apartments sold for $4.1M
A four-property multifamily apartment portfolio including 55 apartments has been sold in Lynchburg for $4.1 million. The portfolio was sold to a local investment group, AC Capital LLC, which intends to pursue a value-addef strategy to upgrade the properties, all located in Lynchburg. The properties are at 200 Cleveland Ave. (Windsor Apartments), 3710 Fort Ave. […]
Joint venture with BWXT subsidiary wins potential $21B DOE contract
A team including a subsidiary of Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) won a U.S. Department of Energy contract with an estimated ceiling of $21 billion, the supplier announced Thursday. The DOE’s Office of Environmental Management awarded the 10-year Savannah River Site Integrated Mission Completion Contract to Savannah River Mission Completion [&[...]
Three Lynchburg apartment buildings sell for $8.2M
Three apartment buildings within the Cornerstone community in Lynchburg sold for $8.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The buildings, located at 301 Rotunda St., 121 Colonnade St. and 101 Colonnade St. were built in 2012. They contain a total of 68 apartment units — 46 two-bedroom, two-bath units and […]
Sonny Merryman taps new president and CEO
Beginning Aug. 9, Caley Edgerly will take the wheel as president and CEO of Lynchburg bus dealer Sonny Merryman Inc., as current CEO Floyd Merryman III moves into his new role as executive chairman of the family business started by his father nearly 55 years ago. Edgerly previously served as president and CEO of North […]
Centra names new president and CEO
Lynchburg-based health system Centra announced Friday that Amy F. Carrier will be its next president and CEO, effective Sept. 7. The Hampton Roads market president for the Bon Secours Mercy Health system, Carrier will replace interim CEO Richard Tugman, who will resume his post as president of the Piedmont Community Health Plan. “We conducted a […]
Liberty appoints dean for College of Osteopathic Medicine
Dr. Joseph R. Johnson was appointed dean of Liberty University’s College of Osteopathic Medicine, effective July 1. Johnson had been serving as interim dean since December 2020. “Prior to Dr. Johnson’s arrival, Liberty’s leadership set a goal to take LUCOM as a well-established osteopathic medical college, both in mission and outreach efforts, to the next […]
BWX Technologies lands $2.2B in naval nuclear contracts
Lynchburg-based BWX Technologies Inc. has landed $2.2 billion in U.S. Naval Nuclear Propulsion Program contracts, the nuclear components and fuel supplier announced Tuesday. Approximately half of the contract was awarded in the first quarter of the year, with the rest as options subject to congressional appropriations, according to the company, which employs approximately 6,600 people […]
UPDATED: Liberty University files $10M suit against Falwell
Liberty University has sued Jerry Falwell Jr. for $10 million, accusing the former president and chancellor of the Lynchburg-based Christian university of breach of contract and fiduciary duty. The suit alleges that Falwell negotiated a salary increase and larger severance package in his 2019 contract while not disclosing to the university’s executive committee his entanglement […]
Liberty’s renamed think tank names Pompeo, Huckabee as fellows
Liberty University’s newly renamed think tank, the Standing for Freedom Center, has announced a slate of five new fellows, including former Secretary of State Mike Pompeo and ex-Arkansas Gov. Mike Huckabee. Also named as fellows are Abby Johnson, an anti-abortion activist who used to work for Planned Parenthood, and Liberty alumni David and Jason Benham, […]
Lynchburg’s BWXT wins $690M contract extension
The U.S. Department of Energy has awarded a contract extension to Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) worth up to $690 million, the company announced today. BWXT has worked with Irving, Texas-based engineering and construction firm Fluor Corp. on the project, an effort to decontaminate and decommission the former Portsmouth Gaseous […]
Liberty University hires Alaska GOP chair
Liberty University has hired the Alaska Republican Party’s chairman, the Rev. Glenn Clary, for the newly created position of vice president of strategic partnerships and alliances, the Lynchburg-based Christian university announced Tuesday. Clary became chairman of Alaska’s state GOP in 2018. He also has worked as a pastor at Anchorage Baptist Temple. Alaska’s most influential [&[...]
BWXT subsidiary chosen to develop microreactor design for DOD
Lynchburg-based BWXT Advanced Technologies LLC is one of two companies chosen to develop a final prototype design for a transportable advanced nuclear microreactor, the U.S. Department of Defense announced Monday. Along with Maryland’s X-energy LLC, BWXT was selected from a preliminary design competition and will continue developing its design under a Strategic Capabilities Office (SCO) [&he[...]
