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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, […]
Five Va. companies win spots on $556M Navy contract
Five Virginia companies have won spots on an estimated $556 million U.S. Navy multiple-award contract to compete for task orders to provide technical services to the Office of the Chief Naval Operations Information Technology Department Command Information Office. Three Fortune 500 contractors — McLean-based Booz Allen Hamilton Inc., Reston-based CACI International Inc. and Reston-based Science […][...]
Spok reviewing options for potential sale of company
Arlington-based health care communications tech company Spok Holdings Inc. announced Friday that it is conducting a strategic review of its options, which may include selling the publicly traded company. California-based Acacia Research Corp. and its partner, New York-based Starboard Value LP, publicly expressed interest in acquiring Spok and have accumulated more than 5% of Spok’s […][...]
Vienna defense contractor wins $600M DISA contract
Vienna-based defense contractor Trace Systems Inc. won a contract worth up to $600 million from the Defense Information Systems Agency to support U.S. Air Forces Central Command (USAFCENT), the Department of Defense announced Friday. Under the single-award, indefinite-delivery, indefinite-quantity contract, Trace will acquire, integrate, install, operate and maintain communications systems to support USAFCENT-deployed mission requiremen[...]
Caravati’s building in Richmond sells for $2.03M
The former Caravati’s Inc. building in Richmond sold for $2.03 million, Colliers International in Virginia announced Sept. 2. Located at 104 E. Second St. in the Manchester area, the two-story building has 38,000 square feet. The buyer, 104 E. Second St. LLC, plans to develop the building into 42 apartment units. Construct[...]
