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Virginia Tech Transportation Institute taps new executive director
Zachary Doerzaph will become the next executive director of the Virginia Tech Transportation Institute, the university’s largest research institute, effective Oct. 1. “Zac Doerzaph is a nationally recognized transportation researcher with extensive leadership experience in large team projects from different sponsors,” Virg[...]
Herndon’s BlackSky goes public after closing SPAC deal
Herndon- and Seattle-based geospatial intelligence and global monitoring company BlackSky Technology Inc. debuted on the New York Stock Exchange Friday after closing a SPAC merger originally announced in February. As of 4:09 p.m. Friday, BlackSky shares were trading at $10.98. Prior to Thursday’s merger with Philadelphia-b[...]
Pamunkey Tribe names W.M. Jordan, Suffolk as Norfolk casino builders
Newport News-based construction company W.M. Jordan Co. will team up with a national firm, Suffolk, to build Norfolk’s $500 million HeadWaters Resort & Casino project on the Elizabeth River, according to a Friday announcement from the Pamunkey Indian Tribe, the casino’s operator. Suffolk, which earns $4 billion i[...]
Midlothian Crossing Shopping Center sells for $6.6M
Midlothian Crossing Shopping Center in Chesterfield County sold for $6.64 million on Sept. 9, Cushman & Wakefield | Thalhimer announced Friday. The 87,938-square-foot strip mall is located at 8501 Midlothian Turnpike at the intersection of Midlothian Turnpike and Powhite Parkway. The property is 95.6% leased and is anchor[...]
Branch Group HQ in Roanoke sells for $2.9M
The Branch Group Inc. has sold its Roanoke headquarters building for $2.9 million, Poe & Cronk Real Estate Group announced this week. The 39,016-square-foot building at 442 Rutherford Ave. will remain as the company’s headquarters in a sale-leaseback transaction that allows the construction company to be a tenant. The [...]
Former SunTrust branch in Charlottesville sells for $2.5M
A former SunTrust Bank branch in downtown Charlottesville was recently sold for $2.53 million, Poe & Cronk Real Estate Group announced this week. Anchor Charlottesville Office 2 LLC, a business entity connected to Charlottesville-based Anchor Health Properties, purchased the 18,746-square-foot property at 402 Park St. from W[...]
CAVA to build $30M facility in Augusta County
Washington, D.C.-based fast-casual Mediterranean restaurant chain CAVA will spend more than $30 million to establish a new processing and packaging facility in Augusta County, a project expected to create 52 jobs, Gov. Ralph Northam announced Thursday. CAVA will build the 57,000-square-foot facility in Mill Place Commerce Park in Verona. “Food and beverage processing is at […]
Bland County’s Eupepsia resort tops wellness hotel ranking
Eupepsia, a 250-acre Ayurveda wellness retreat in Bland County, was named the top wellness hotel in the nation this week by USA Today readers, who chose the resort from nominees selected by editors of USA Today’s 10Best rankings section. Set near the Jefferson National Forest and the Blue Ridge Mountains, Eupepsia offers v[...]
Va. new jobless claims declined again last week
Virginia’s new unemployment claims fell for the second week in a row last week, declining by 20%, the Virginia Employment Commission reported Thursday. Continued jobless claims also decreased for the filing week ending Sept. 4, down 2,036 claims from the previous week to total 44,435. Initial claims totaled 6,179, down 1,5[...]
GO Virginia funds two NoVa tech projects
GO Virginia Region 7 is allocating $2.2 million to two projects in Northern Virginia focused on developing the area’s technology industry, the Northern Virginia arm of the state’s GO Virginia economic development initiative announced Wednesday. “The COVID-19 pandemic has drastically increased the demand for high-tech jobs, giving our region a unique opportunity to make workforce […][...]
Truist donates $1M to U.Va. in memory of S. Buford Scott
Truist Wealth has made a $1 million gift to the Walter N. Ridley Scholarship Program and the University of Virginia Alumni Association in honor of the late Richmond business and philanthropic leader Sidney Buford Scott and the brokerage firm founded by his family, Scott & Stringfellow. The gift establishes a fully endowed Bu[...]
Guidehouse to acquire McLean tech company
Tysons-based consulting company Guidehouse announced Wednesday it has entered into a definitive agreement to acquire McLean-based company Dovel Technologies Inc. The sale is expected to close in the fourth quarter of this year. “The acquisition of Dovel is a strategic step in our journey to create the next generation global consultancy, bringing together best-in-class portfolios, […]
