Sign In
Free Newsletter
Campbell County shopping center sells for $4.7M
A Campbell County shopping center sold for $4.7 million Monday, S.L. Nusbaum Realty Co. announced Tuesday. The Kent Mall LLC, a Pennsylvania-based real estate investment company, purchased Rustburg Marketplace, a 46,700-square-foot shopping center, from Rustburg Ventures LLC of Richmond. Anchored by Food Lion, the shopping cente[...]
Bon Secours plans to build emergency clinic in Chester
Bon Secours St. Francis Medical Center plans to build a freestanding emergency clinic in Chester on six acres the health care system recently acquired for $1.95 million. The facility will be built at the corner of Route 1 and Moore’s Lake Road. Bon Secours purchased the property from Americana Park LLC and Trollingwood Land LLC. […]
COVID roundup: Va. deaths surpass 10,000; 21% of population vaccinated
Virginia exceeded 10,000 coronavirus-related deaths as of March 15, one year and one day after the first COVID-19 death was recorded in the state. Also, 21% of the state’s population — 1.7 million people — have now received at least one dose of a COVID vaccine, according to the Virginia Department of Health. And more [[...]
Manufacturing/logistics building coming to Meadowville Technology Park
A newly announced 353,044-square-foot manufacturing and industrial facility will be the first spec building constructed at Meadowville Technology Park, which is owned by the Chesterfield County Economic Development Authority. The project is being developed by Columbia, South Carolina-based Red Rock Developments and Stamford, Con[...]
Breeden buys $3.5M Newport News site for apartments
Breeden Investment Properties Inc. purchased a 5.06-acre land parcel to build a 176-unit apartment complex in the 200-acre Huntington Pointe residential development. The Virginia Beach-based commercial real estate development company paid $3.52 for the vacant parcel. Breeden purchased the property, located off of Denbigh Boulevard near the York County line, from Huntington Pointe LLC. C. […][...]
Nexus Services CEO calls state AGs’ lawsuit ‘a form of retaliation’
Nexus Services Inc., the bonding company being sued by the states of Virginia, Massachusetts and New York, responded Friday with accusations of its own. In a statement, Nexus CEO and President Mike Donovan said that the state attorney generals’ allegations that the company financially preyed on immigrants held in federal detention are “offensive, 100% false […]
Reston-based Comscore closes investment transactions
Reston-based media measurement and analytics company Comscore Inc. announced Thursday that it has closed its previously announced investment transactions with Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP. Each of the three companies made a cash investment in exchange for shares of convertible preferred stock, […][...]
Health care AI company bringing U.S. HQ to Loudoun
Zasti Inc., a health care-related artificial intelligence technology company, is investing $5.9 million to establish its U.S. headquarters in Loudoun County, creating 60 jobs, Virginia Gov. Ralph Northam announced Thursday. Founded in 2017 in India, Zasti, which is Sanskrit for “prediction,” develops AI-based risk screening, predictive analytics and climate change solutions for the health care […][...]
757 economic recovery plan focuses on cooperation
At a Thursday news conference, Hampton Roads regional leaders unveiled a new economic recovery plan for the next two years that focuses on cooperation and resiliency. Hampton Roads Alliance President and CEO Doug Smith presented a report detailing multiple goals for the region to help it recover financially after the COVID-19 pa[...]
The Hilb Group acquires Medicare-focused firm
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it has acquired West Greenwich, Rhode Island-based Compass Planners (CP). Financial terms of the transaction were not disclosed. Led by Jim Soucy, CP is an insurance company that specializes in Medicare Advantage. Soucy and his three colleagues will join THG’s Cranston, Rhode Island office. Soucy […]
Avantus Federal names new board member
Avantus Federal, a McLean-based IT defense contractor, announced Tuesday it has appointed former Engility CEO Lynn Dugle to its board of directors. Dugle was chairman and CEO of Chantilly-based Engility before its 2019 acquisition by Reston-based Science Applications International Corp. During her career, she also served in se[...]
KeyBank parent company to buy McLean data firm
Cleveland, Ohio-based financial services company KeyCorp announced Tuesday it will acquire McLean-based AQN Strategies LLC, a data and analytics firm focused on financial services established by Ben Sabloff and Nigel Morris, co-founder of Capital One and fintech venture capital firm QED Investors. Financial terms of the transaction were not disclosed. Sabloff will serve as KeyCorp’s […]
