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Hampton retail property sells for $2.2M
Hampton-based Long76W LLC bought a 12,752-square-foot retail property in Hampton for $2.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The property was 100% leased to Safelite Auto Glass and West Marine at the time of the sale of 2121 W. Mercury Blvd., and was owned by Virginia Beach-b[...]
InMotion Hosting buys Va. Beach offices for $8.5M
Web hosting company InMotion Hosting has purchased a Virginia Beach office building previously occupied by Stratford University for $8.5 million, Cushman & Wakefield | Thalhimer announced Monday. InMotion Hosting bought the a 61,528-square-foot class A office property from Campus Realty Virginia Beach LLC. The for-profit S[...]
Henrico retail center sells for $4.35M
The Wistar Center strip mall in Henrico County was sold for $4.35 million to Washington, D.C.-based Fernau LeBlanc Investment Partners, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Fernau LeBlanc acquired the property on Dec. 23 from Miami-based Larkspur Properties. The property was 86% leased [...]
Universal Corp. acquires FruitSmart
Richmond-based international tobacco leaf supply company Universal Corp. acquired Grandview, Wash.-based fruit and vegetable ingredient processor FruitSmart, Universal Corp. announced Monday. Financial terms of the acquisition have not been disclosed. Universal Corp. funded the transaction with a combination of cash on hand and existing borrowing capacity. FruitSmart, founded in 1982, supplies fruit juices, concentrates, blends, [&helli[...]
Newport News medical device company appoints new CFO
Newport News-based medical device company ivWatch LLC announced three executive appointments on Monday, including Teresa “Terry” Blevins as chief financial officer, Erin Wendell as chief marketing officer and Paul Stoddard as vice president of sales. Blevins has more than 30 years of experience in financial planning and most recently worked as CFO for Hampton-based defense […]
Northam proposes Election Day state holiday
Gov. Ralph Northam announced legislative proposals on Monday to allow early voting during the 45-day period before an election and to make Election Day a state holiday by abolishing the state’s longstanding Lee-Jackson Day, which honors the birthdays of Confederate generals Robert E. Lee and Thomas “Stonewall” Jackson. Virginia currently requires voters who wish to […]
Bon Secours Mercy Health acquires three Va. hospitals
Cincinnati-based Bon Secours Mercy Health has completed the acquisition of three Virginia hospitals: the 300-bed Southside Regional Medical Center in Petersburg, the 105-bed Southampton Memorial Hospital in Franklin and the 80-bed Southern Virginia Regional Medical Center in Emporia. Bon Secours Mercy Health acquired the hospitals from Franklin, Tennessee-based Community Health Systems Inc. Financial terms of the […][...]
Roanoke accounting firm acquires real estate title firm
Roanoke-based accounting firm Brown Edwards acquired Salem-based Covenant Real Estate Services LLC as of Jan. 1, Brown Edwards announced Monday. Financial terms of the deal have not been disclosed. Covenant was founded by Roger Kronau and Jerry Dunnavant, and both will serve in leadership positions under the acquisition. Kronau will continue his work as the […]
Unemployment remained low for November in metro areas
Although not each individual city or county fell under a 5% unemployment rate in November 2019, Virginia’s 11 major metropolitan areas recorded unemployment rates below 3%, according to data released Friday by the Virginia Employment Commission. Statewide, the locality with the lowest unemployment was Arlington County, at 1.7%. Buchanan County in far Southwest Virginia had […]
Va. grads earned record number of bachelor’s degrees
Virginia awarded a record number of bachelor’s degrees to college and university graduates in 2018-2019, awarding 122,168 degrees and postsecondary certificates — a roughly 50% increase from a decade ago, the State Council of Higher Education for Virginia (SCHEV) announced Friday. Of the degrees awarded, 86,325 — more than 70% — were earned by in-state […]
Spok Holdings names new COO
Spok Holdings Inc., a Fairfax County-based healthcare communications company, promoted Michael W. Wallace to chief operating officer on Thursday. Wallace has worked as a financial and operational executive for approximately 25 years and joined Spok as its chief financial officer in 2017. He will maintain his CFO duties and take [...]
Shamin Hotels buys Richmond Times-Dispatch building for $14.4M
Chester-based Shamin Hotels has bought the Richmond Times-Dispatch building in downtown Richmond for $14.462 million from a Berkshire Hathaway Inc. subsidiary, Shamin President and CEO Neil Amin confirmed on Thursday. Shamin Hotels will be moving its headquarters into the four-story, 172,110-square-foot building at 300 East Grac[...]
