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Manchester apartment complex sells for $11.4M
An apartment complex in Richmond‘s Manchester neighborhood sold for $11.4 million, CBRE announced Tuesday. The 70-unit, 61,614-square-foot apartment complex is located at 815 Perry St. Glen Allen-based real estate investment group Capital Square 1031, which originally purchased the property in 2015, sold it to Washington, D.C.-based Fulton Street Partners LLC. The property was 96% occupied[...]
Richmond civil engineering firm names director of housing, education
Richmond-based civil engineering firm Koontz Bryant Johnson Williams (KBJW) announced Tuesday that Cameron Palmore has been hired as director of housing and education. With more than 24 years of experience, Palmore most recently served a five-year contract with the University of Virginia’s Energy and Utilities Department as a senior project manager. In his new role, […]
Initial jobless claims dropped 16.2% last week
The number of initial jobless claims in Virginia dropped by 16.2% last week, the Virginia Employment Commission reported Thursday, and the number of continued claims was three-quarters lower than its May 16 filing week peak. For the week ending Oct. 31, 10,350 Virginians filed initial claims for unemployment, a decrease of 2,002 from the previous […]
Dominion closes on sale of majority of natural gas assets
Richmond-based Dominion Energy Inc. announced Monday that it has closed on the sale of the majority of its gas transmission and storage assets to Berkshire Hathaway Energy (a Berkshire Hathaway Inc. affiliate) for approximately $2.7 billion in cash and the transfer of approximately $5.3 billion of related indebtedness. In July following the cancelation of the […]
Richmond mayor to launch guaranteed income pilot
Richmond Mayor Levar Stoney unveiled a guaranteed income pilot program on Thursday that will give 18 working families $500 a month for 24 months. The city, in partnership with the Robins Foundation, has launched the Richmond Resilience Initiative. The program is intended to benefit families who no longer qualify for benefits assistance but still do […]
Initial jobless claims on the rise again
The number of initial jobless claims in Virginia rose by 8.7% last week, the Virginia Employment Commission reported Thursday. For the week ending Oct. 24, 12,352 Virginians filed initial claims for unemployment, an increase of 987 from the previous week — rising to its highest level since mid-August, according to the VEC. Continued claims dropped […]
Lara Fritts resigns from Greater Richmond Partnership
Lara Fritts has resigned as president and CEO of the Greater Richmond Partnership, according to an email sent to the public-private economic development organization’s investors this week. Her resignation is effective as of Nov. 30, and she will be serving actively in the role until that time, according to a spokesperson. Fritts joined the organization […]
Va. initial jobless claims jumped nearly 25% last week
The number of initial jobless claims in Virginia rose by 24.75% last week, the Virginia Employment Commission reported Thursday. For the week ending Oct. 17, 11,365 Virginians filed initial claims for unemployment, an increase of 2,255 from the previous week, according to the VEC. And the number of initial claims filed during the week ending […]
John Marshall Foundation announces name change
The John Marshall Foundation, which raises funds for education about the rule of law under the Constitution, will now go by the John Marshall Center for Constitutional History & Civics, the nonprofit announced Friday. “The new name seeks to convey to the public that everyone is invited, that people lie at the center of its […]
Armada Hoffler buys Richmond apartment complex for $25M
Virginia Beach-based Armada Hoffler Properties Inc. announced last week it has completed the $25 million acquisition of the Edison Apartments in Richmond. The 174-unit, 12-story property was originally built in 1919 as the headquarters for the Virginia Electric and Power Co. (now Dominion Energy Inc.) and was renovated and repurposed in 2014 as apartments. The […]
Black Lives Matter renews interest in Richmond’s Black culture and history
RICHMOND, Va. – The Black Lives Matter movement has helped renew interest in Richmond‘s African American culture and history, according to community leaders. BLK RVA is an initiative launched in August 2019 between Richmond Region Tourism and 20 community leaders to highlight historic African American tourist attractions and engage visitors in events that support Richmond’s […[...]
Va. to expand networking program to new regions
During the next two years Virginia will invest $1.7 million to expand the Network2Work workforce development initiative, Gov. Ralph Northam announced Tuesday. The commonwealth will partner with the Virginia Community College System to pilot the Network2Work model in the Shenandoah Valley, Hampton Roads and greater Richmond regions. Network2Work was established by Piedmont Virginia Community Colleg[...]
