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Henrico industrial facility purchased for $7.8M
On April 7, Richmond-based commercial real estate investment firm Lingerfelt CommonWealth Partners LLC announced it had acquired an industrial facility in Henrico County for $7.8 million. Located at 4300 Carolina Ave., the 223,479-square-foot industrial facility is located in the Richmond Distribution Center complex near Richmon[...]
Rustburg shopping center sells for $4.7M
Rustburg Marketplace, a 46,700-square-foot grocery-anchored shopping center at 1051 Village Highway in Rustburg, has sold for $4.7 million. Anchored by a Food Lion, the shopping center’s other major tenants include Family Dollar and Virginia ABC. The Kent Mall LLC purchased the strip mall, which sits on 8.55 acres, from Ru[...]
Chesapeake industrial building sells for $2.4M
Memphis, Tennessee-based heavy lifting and hauling company Barnhart Crane and Rigging Co. has purchased a 34,312-square-foot industrial building on 4.79 acres in Chesapeake for $2.4 million. The property is located at 835 Wilson Road. S. L. Nusbaum Realty Co.’s Ben Leon and Sam Rapoport represented the seller, Chesapeake-based Burton Lumber Corp. Subscribe to Virginia Business. […]
German auto parts maker to build $38M Wythe County factory
German auto parts manufacturer STS Group AG will invest $39 million to establish its first U.S. manufacturing operation in Wythe County’s Progress Park industrial park, creating 120 jobs, Virginia Gov. Ralph Northam announced Thursday. Located near Wytheville, the new facility, operating as a subsidiary of STS Group North America, will supply Volvo Trucks in Pulaski […]
Kings Dominion sets minimum wage at $13 for seasonal workers
Kings Dominion, the Doswell amusement park, has set its minimum wage for seasonal employees at $13 per hour, it announced Thursday. Previously, the base wage was $9.25. The park, owned by Cedar Fair Entertainment Co., expects to hire 2,100 seasonal workers before reopening May 22, and it also is hiring 80 new full-time positions[...]
New, continued jobless claims in Va. stay steady a second week
The number of initial unemployment claims filed during the week ending April 3 was 81% lower than the same period a year ago, when the burgeoning COVID-19 pandemic saw unemployment filings near peak levels. The number of new filers last week increased slightly from the previous week. The Virginia Employment Commission reported T[...]
Metro committee approves $4.7B budget for FY2022
With an injection of federal funding, Metro will be able to maintain current service and accelerate repairs on the public transportation system. On Thursday, the Metro Board of Directors’ Finance and Capital Committee approved a $4.7 billion operating and capital budget for fiscal year 2022, which begins July 1. The full b[...]
Telecom company SES building $17M facility in Prince William
Luxembourg-based telecommunications company SES will invest $17 million in a new U.S. hub facility in Prince William County facility where it will merge its satellite and network operations, Virginia Gov. Ralph Northam announced Thursday. The facility is expected to create up to 200 net jobs by 2026. “In consolidating our local SES satellite and network […]
Lawmakers OK recreational marijuana, cultivation
RICHMOND, Va. — Virginia lawmakers signed off on amendments that make the possession of small amounts of recreational marijuana and homegrown plants legal in the state in July as opposed to 2024. “On July 1, 2021 dreams come true,” Marijuana Justice stated in a tweet. The group has worked to legalize the use and posses[...]
Leesburg anti-phishing tech company Cofense buys Israeli firm
Leesburg-based tech firm Cofense, which specializes in phishing detecting and response solutions, announced Wednesday that it has acquired Israel-based Cyberfish, a company that provides artificial intelligence-based technology to battle phishing emails and websites. Financial details of the transaction were not disclosed. According to a news release, Cofense plans to use the data it has gathered […][...]
Gainwell Technologies acquires health care tech company for $3.4B
Reston-based Gainwell Technologies, a six-month-old spinoff company of DXC Technology, has completed its approximately $3.4 billion acquisition of HMS Holdings, a Texas-based health care technology company, Gainwell announced April 1. The all-cash deal, announced in December 2020, was made for $37 per share. Gainwell, which has more than 7,500 employees, was created in October as […]
N.C. air purifier manufacturer will build $5.6M plant in Radford
Oransi, a Raleigh, North Carolina-based manufacturer of air purifiers, will invest $5.6 million to establish a manufacturing facility in Radford, creating 101 jobs, according to an announcement Wednesday from Virginia Gov. Ralph Northam. “Oransi is very pleased to establish its first manufacturing facility in the city of R[...]
