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Wholesale electrical distributor plans Va. expansion
Cooperative Electric Energy Utility Supply (CEEUS), a South Carolina-based electrical distributor that serves cooperatives, municipals and investor-owned utilities, plans to invest $37 million into a new 187,000-square-foot warehouse and distribution facility in Hanover County, creating 30 jobs, Gov. Glenn Youngkin announced Thu[...]
16 Va. companies receive LGBTQ inclusivity awards
Sixteen Virginia companies received the top score in the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, released in November. Nationally, more than 1,384 companies, including 378 Fortune 500 companies, participated in the organization’s 21st Corporate Equality Index (CEI) survey. Companies that do not[...]
Norfolk HeadWaters casino could break ground in spring 2024
With the clock ticking on HeadWaters Resort & Casino’s statutory requirement to open a permanent resort casino by November 2025 — five years after Norfolk voters approved it — the developer has submitted new plans to the City of Norfolk, aiming to start construction in spring 2024. The Norfolk Architecture Review Boa[...]
Va. hotel revenues continue to recover from pandemic
Almost all Virginia hotel markets have fully recovered financially from the COVID-19 pandemic, and Hampton Roads continues to outpace Virginia and the U.S. in improvement based on hotel revenue. Virginia hotel revenues through November were 12.7% higher than they were in 2019, according to a report released Tuesday by Old Domini[...]
Parsons lands $250M classified contract
Parsons won a classified federal contract valued at more than $250 million, the Chantilly-based Fortune 1000 defense contractor announced Tuesday. “This award represents a critical task that the corporation and its acquired companies have been performing for over a decade,” according to a Parsons news release. The contract has a base period of one year […]
McGuireWoods names RVA, Norfolk managing partners
McGuireWoods, Virginia’s oldest and largest law firm, has appointed new managing partners in Richmond and Norfolk, the firm announced Friday. Janet Peyton will lead the Richmond office, and Michael Herring, the current Richmond office managing partner, will become chair of the firm’s commercial litigation department [...]
Hampton Roads home sales down in November
Home sales in Hampton Roads were down in November, both compared with October and November 2022, the Real Estate Information Network (REIN) reported in December. A total of 1,690 settled sales were down 10.77% from October and 12.12% from November 2022, according to REIN. Pending sales were also down 7.69% compared with October [...]
Bon Secours tops off new Suffolk hospital
Bon Secours held a topping-out ceremony Thursday for its $80 million, 98,000-square-foot hospital, Harbour View Medical Center, in Suffolk, expected to be completed in 2025. The surgically focused hospital will have 18 medical/surgical beds and four operating rooms and serve as an extension of the services offered on the campus,[...]
Roanoke apartment complex sells for $7.25M
Mount Pleasant Villas apartments, a 90-unit community in Roanoke, has changed hands. Raleigh, North Carolina-based Sweetbay Capital, a real estate private equity firm, acquired the apartment complex from JC Capital Rutrough for $7.25 million in early December, according to Cushman & Wakefield | Thalhimer. It’s the compan[...]
Henrico greenlights $450M live-work-play community
The Henrico County Board of Supervisors on Dec. 12 greenlit Kinsale Center, a massive redevelopment project in the Willow Lawn area from insurance company Kinsale Capital Group and Richmond-based Marchetti Development. The $450 million mixed-use development is expected to bring nearly 700 residences, an eight-story “high e[...]
Riddle Associates names new president
Riddle Associates, a Chesapeake-based commercial industrial real estate brokerage, promoted Lindsey Riddle Elliott to president and principal broker in November, the brokerage announced Wednesday. Elliott formerly served as executive vice president and has been with Riddle for 15 years. She replaces her father, Robert L. Riddle,[...]
Framatome plans $49.4M expansion, creating 515 jobs
Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced Thursday. The expansion will meet increased demand for servicing existing nuclear power plants and de[...]
