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Charlottesville apartment complex goes for $44.9M
Barracks West, a 324-unit townhouse and apartment complex in Charlottesville, has been sold for $44.9 million, Edge Multifamily Capital Markets Group announced this week. Located at 255 Saponi Lane, the community was sold off-market to Reston-based Willow Creek Partners by The Goldstar Group. Bethesda, Maryland-based Goldstar pu[...]
Valley Wealth Group buys former Truist office in Roanoke
A Truist Bank office in Roanoke was sold for $1.9 million in late June, Cushman & Wakefield | Thalhimer announced. VWG/RNK Properties LLC purchased the 6,715-square-foot office building at 3119 Chaparral Drive from Truist. The property will be the future location of Valley Wealth Group, a Roanoke-based financial management[...]
Va. Beach KFC building sold for $2.4M
A KFC restaurant in Virginia Beach will become a Cook Out following its $2.44 million purchase by Cook Out – Virginia Beach Inc., Cushman & Wakefield | Thalhimer announced last week. The 2,745-square-foot building at 1010 Independence Blvd. was sold by Cabrillo Mobile Lodge LLC, represented by Dean G. Martin of Thalhim[...]
Hampton corporate campus sells for $1.95 million
Watson’s Petroleum Equipment Service Real Estate LLC, an entity connected with the petroleum service based in Hampton, purchased a 26,214-square-foot office, manufacturing and warehouse campus on 4.45 acres for $1.95 million, Cushman & Wakefield | Thalhimer announced this week. The property at 3130-3301 NASA Drive in H[...]
Retail property sold for $1.29M in Chesterfield
A 10,000-square-foot retail building in Chesterfield County was sold for $1.29 million as an investment, Cushman & Wakefield | Thalhimer announced last week. YIASOU III LLC purchased the building at 10747 Midlothian Turnpike, which is leased by RVA Athletes and Sofa Design, from RDKMT LLC. Graham Stoneburner and R. Scott Dou[...]
Virginia Pediatric Eye Center office sells for $1.3M
Virginia Pediatric Eye Center’s Chesapeake office has been sold for $1.3 million, Cushman & Wakefield | Thalhimer announced this week. The 6,586-square-foot building at 1564 Crossways Blvd. was sold by HPR LLC to VPEC Ches Medical LLC, an entity connected to the medical practice. Rob Wright of Cushman & Wakefield |[...]
Va. unemployment claims down slightly last week
Virginia saw a small decrease in initial claims for the filing week ending July 3, with 6,825 people making new jobless claims, the Virginia Employment Commission reported Thursday. Continued claims also went down, totaling 37,790 last week, down by 2,435 from the previous week. Initial claims declined by 1,371 last week compare[...]
Huntington Ingalls Industries to acquire Alion in $1.65B deal
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries will acquire McLean-based defense contractor Alion Science and Technology Corp. from Veritas Capital in a $1.65 billion, all-cash deal, HII announced in a news release Tuesday. The deal is expected to close by the end of this year, with Alion becom[...]
Federal approval process starts for Va. Beach wind farm
Friday will mark an important milestone for Dominion Energy Inc.’s wind energy plans, as the federal Bureau of Ocean Energy Management begins its two-year permitting and environmental review of the 2.6-gigawatt Coastal Virginia Offshore Wind project. That’s the next step before construction begins in 2024, Dominion s[...]
Leidos sees leadership changes, effective Monday
The Reston-based Fortune 500 government contractor Leidos announced a leadership shuffle Thursday, with the following changes effective July 5. Paul Engola, the company’s chief human resources officer, will be promoted to be executive vice president of the company’s national security space department. He previously served as deputy group president for Leidos’ former defense and intelligence […][...]
JMU entrepreneurship center hires new director
James Madison University announced Thursday that Suzanne Bergmeister has been named the next executive director of its Gilliam Center for Entrepreneurship. She comes from the University of Louisville’s Forcht Center for Entrepreneurship in Kentucky, where she has been the full-time entrepreneur in residence for the past 15[...]
Va. sports bettors lay down $1B since Jan. legalization
Virginians have bet more than $1 billion on sports since it became legal in January, Virginia Lottery announced Thursday. The state was the fastest in the nation to reach that milestone, noted PlayVirginia, which tracks the gaming market. In May, the state reaped $226.9 million in sports-betting gross revenue, and bettors won a [...]
