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Former Chesapeake restaurant building sells for $1.45M
A former Chesapeake restaurant building was sold for $1.45 million, real estate agency Cushman & Wakefield | Thalhimer announced Wednesday. The 5,022-square-foot building sits on more than two acres of land at 401 Cedar Commons in Chesapeake located in close proximity to the Chesapeake Golf Club. Matthews, North Carolina-based SXCW Properties II LLC purchased the […]
Boys & Girls Clubs of Metro Richmond purchases former shopping center for $1.025M
The Boys & Girls Clubs of Metro Richmond purchased the former Eastlawn Shopping Center in Richmond’s East End for $1.025 million and will convert it into a center for the clubs’ programming, the organization announced Monday. The youth nonprofit purchased the facility from the Richmond Redevelopment and Housing Authority in 2019 using funds from the […]
Newport News Redevelopment and Housing Authority names vice chairman
Kenneth D. Penrose Jr. has been elected as vice chairman for the Newport News Redevelopment and Housing Authority for the 2020-year term, commercial real estate firm Cushman & Wakefield | Thalhimer announced Jan. 28. Penrose has been with Cushman & Wakefield | Thalhimer since 2000. He currently serves as vice president of commercial sales and […]
The Land of OZ
Anybody up for pickleball? Barrett Worthington and Megan Charity hope so. Business partners based in Charlottesville, Worthington and Charity are among Virginia’s opportunity zone pioneers. They hope to build an $8 million entertainment complex called Rally, containing a restaurant, beer garden and courts for pickleball — a [...]
Financial losses
When one of Caroline County’s two banks, Virginia National Bank, shut its doors six years ago, Gary Wilson, the county’s director of economic development, wanted to do something about it. He launched a widespread effort to find a second banking institution to open a branch in Caroline, which is sandwiched between Fredericksb[...]
Walking out the door
During her 13 years of practicing law, Christy L. Murphy has been called “honey” and “sweetie” by older men when they were adversaries in legal cases. “This is an old boys’ network,” says Murphy, 40, a partner at Bischoff Martingayle in Norfolk. “It’s hard to get people out of the mindset.” Law firms are mode[...]
Mack Trucks plant in Roanoke County to create 250 jobs
Gov. Ralph Northam announced Thursday that Mack Trucks will create 250 jobs at a Roanoke County facility building a new line of medium-duty trucks. The company, part of the Volvo Group, plans to invest $13 million in the project, according to state and county officials. The plant, to be known as Mack’s Roanoke Valley Operations […]
Committee to consider bill establishing passenger rail authority
A House committee decided Wednesday to temporarily postpone action on a comprehensive transportation bill that, in part, establishes a governing body to purchase and manage railways, something supporters said the state has gone too long without. The House Finance Committee, citing time constraints and the bill’s complexity, will act Monday on House Bill 1414, introduced […]
Nonprofit urges lawmakers to protect domestic worker rights
After a 15-hour work day, Lenka Mendoza is tired but she prepares to do it all over again the next day. Mendoza spoke Tuesday at a Care in Action press conference in support of several General Assembly bills, dubbed the Virginia Domestic Workers Bill of Rights. The nonprofit advocates for fairness and dignity for U.S. […]
Va.’s data center industry provided $4.5B in economic output in 2018
In 2018, Virginia’s data center industry directly provided approximately $4.5 billion in economic output and employed more than 14,000 people, according to a study released Wednesday commissioned by the Northern Virginia Technology Council’s Data Center and Cloud Committee. Despite the economic impact, however, Virginia’s data center incentive structure is one of the most restrictive in […][...]
Blue Ridge Designs LLC invests $2M to expand Southwest Va. operations
Carroll County-based screen-printed apparel manufacturer Blue Ridge Designs LLC will invest $2.28 million to expand its operations, creating 118 jobs, Gov. Ralph Northam announced Wednesday. Blue Ridge Designs was established in January 2019 and manufactures screen-printed apparel with watercolor ink. Since January 2019, the company has purchased six presses and three dryers, hired 80 employees […][...]
Amazon HQ2 and Arlington County government will be solar powered
Arlington County and Amazon.com Inc. have entered into agreements with Richmond-based Dominion Energy Inc. to purchase power for local government operations and Amazon’s HQ2 East Coast headquarters from a solar farm more than 200 miles away in Southern Virginia. The Arlington County Board voted Tuesday to approve the agree[...]
