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Summer dreams
Tournaments at the Virginia Beach Sports Center. Events at the Virginia Beach Convention Center. A busy Oceanfront boardwalk. That was the scene in Virginia Beach during just one weekend in mid-March. And it was the perfect “prelude” to the summer travel season, says John Zirkle, general manager of the DoubleTree by Hilton Virginia Beach. “The […]
Capital Square acquires Williamsburg apartments for $70M
Henrico-based real estate investment firm Capital Square has acquired a 207-unit apartment complex in Williamsburg, the company announced April 12. Capital Square acquired Sterling Manor, a five-building luxury apartment complex with townhomes and garden-style apartments, from Chaucer Creek Capital for $70 million, a company spokeswoman told Virginia Business. The acquisition is on behalf of CS103[...]
April 2022 top five
The top trending major business stories on VirginiaBusiness.com from Feb. 15 to March 14 were led by news that Washington Commanders owner Dan Snyder bought Virginia’s most costly home, once part of George Washington’s Mount Vernon. 1 | Dan Snyder owns Virginia’s most expensive house The owner of the Ashburn-based Washington Commanders bought the $48 […]
Super Chix to open 10 locations in Va.
Super Chix Chicken & Custard, a Dallas-based chicken sandwich franchise, plans to open 10 locations in Virginia, beginning with one in Williamsburg, the company announced March 23. Virginia Beach-based management and development company S2K Hospitality will open the first restaurant in Williamsburg’s Midtown Row in the fourth quarter of 2022. “S2K Hospitality is excited to […]
CowanGates opens Williamsburg office
Richmond-based law firm CowanGates has expanded to Williamsburg and opened a new office, the firm announced March 17. The new office is located at 439 W. Duke of Gloucester St., and will initially focus on real estate law, including contract and closing negotiations, construction and permanent financing, easement agreements, covenants and other real estate matters. […]
Williamsburg hotel sells for $4.47M
A former Park Inn by Radisson hotel in Williamsburg has been sold for $4.47 million, Cushman & Wakefield | Thalhimer announced Thursday. The 122-room hotel, located at 2007 Richmond Road, was purchased by The Tapestry Group Inc. in partnership with SBG Richmond Road LLC from SHNI Corp. as an IRS Section 170 bargain sale transaction. […]
Williamsburg’s Midtown Row to be acquired for $122M
Broad Street Realty Inc. will acquire Midtown Row in Williamsburg for $122 million, the Bethesda, Maryland-based company announced on Feb. 22. It previously has served as the mixed-use development’s manager and leasing broker. Broad Street is acquiring the 221 Monticello Ave. property from a joint venture whose controlling general partner includes Broad Street Principals, Lamont […]
SeaWorld makes $3.4B offer for Kings Dominion parent company
A reported $3.4 billion acquisition bid from Orlando-based SeaWorld Entertainment Inc. could result in Virginia’s two major theme parks being under the same ownership. SeaWorld, parent company of Busch Gardens Williamsburg, has made an unsolicited offer to acquire Ohio-based Cedar Fair Entertainment Co., which owns the Kings Dominion theme park in Hanover County’s Doswell area. [&helli[...]
Better together
“Cooperation” is a word Jim Noel uses a lot these days when speaking about the Greater Williamsburg region, which encompasses the city of Williamsburg and York and James City counties. As York County’s economic development director, Noel has watched as one of the most historically significant areas of the nation has worked to revive and […]
2021 INTELLECTUAL PROPERTY / INFORMATION TECHNOLOGY LAW Q&A
Peter J. Van Bergen Patent Attorney, Williamsburg Title: Owner Education: Bachelor’s degree, Bucknell University; law degree, William & Mary School of Law Spouse: Jamie Children: We raised our three great children (Elizabeth, Luke and John) in Williamsburg. Hobbies: Swimming, biking, running, kayaking, triathlon, reading Career mentors: David Blumenthal What is the biggest curren[...]
Williamsburg industrial building sells for $3.47M
The Endeavor Center industrial and distribution building in Williamsburg sold for $3.47 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 70,000-square-foot building, located at 1709 Endeavor Drive in the James River Commerce Center, is a multi-tenant building that sits on 5.61 acres. CTPS LLC bought the building from HR Development LLC. Robert L. Phillips […]
The Hilb Group acquires Medicare-focused firm, six Va. companies
Henrico-County based insurance company The Hilb Group LLC finalized its acquisition of Health Quote of Rhode Island Inc. on July 1, it announced Tuesday. Financial terms of the transaction were not disclosed. Health Quote specializes in Medicare offerings, and its clientele will join THG’s Medicare practice. THG CEO Ricky Spiro said in a statement, “Our […]
