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Ollie's Bargain Outlet in Roanoke
Jan 7, 2020

Retail building sells for $3.45M in Roanoke

A retail building in Roanoke occupied by Ollie’s Bargain Outlet has sold for $3.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. The building was previously occupied by Toys “R” Us until Ollie’s, a Pennsylvania-based discount retail chain, took over the lease in 2018. The 45,00[...]

Lees Hill Retail Center
Jan 7, 2020

Spotsylvania shopping center sells for $2.55M

Fairfax-based Yims Icon Property LLC purchased Lee’s Hill Retail Center in Spotsylvania County for $2.55 million, Cushman & Wakefield | Thalhimer announced Tuesday. The retail center located at 10651-10673 Spotsylvania Ave. was fully leased at the time of the purchase. The 14,500-square-foot property sits on 1.85 acres of [...]

Whole Foods Richmond
Jan 7, 2020

Whole Foods Market Richmond announces grand opening

Whole Foods Market will open its long-anticipated Richmond store at 9 a.m. on Jan. 30, the Amazon.com Inc.-owned supermarket chain announced Tuesday. Construction on the 47,000-square-foot store built on the location of the former Pleasants Hardware store at 2024 W. Broad St. in Richmond’s Fan District began in spring 2018[...]

Jan 7, 2020

State Democrats unveil 2020 legislative agenda

Gov. Ralph Northam and the leaders of the state legislature’s new Democratic majority unveiled their 11-point ‘Virginia 2020 Plan’ for the General Assembly session that begins Wednesday. House Speaker-designee Eileen Filler-Corn, incoming Senate Majority Leader Richard L. Saslaw, incoming House Majority Leader Charniele Herring and incoming Senate Caucus Chair Mamie Locke announced the plan with […][...]

Jan 7, 2020

Virginia Department of Medical Assistance Services names chief deputy

Ellen Montz was named chief deputy for the Virginia Department of Medical Assistance Services (DMAS) as of Jan. 3, DMAS announced Tuesday. Montz will be second-in-command for the agency, which oversees the state’s Medicaid program and the Children’s Health Insurance Program (CHIP). She will maintain her role as the agency’s chief health economist and director […]

offshore wind turbines in Europe
Jan 7, 2020

Dominion chooses turbine supplier for $7.8B offshore wind farm

Richmond-based Dominion Energy has selected Spanish renewable energy engineering company Siemens Gamesa Renewable Energy S.A. as the preferred turbine supplier for its proposed $7.8 billion offshore wind farm off the coast of Virginia Beach, Dominion announced Tuesday. Dominion announced plans in September 2019 to build a 220-tu[...]

2121 W. Mercury Blvd., Hampton
Jan 6, 2020

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 building
Jan 6, 2020

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[...]

Wistar Center
Jan 6, 2020

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 [...]

Jan 6, 2020

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[...]

Jan 6, 2020

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 […]

Jan 6, 2020

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 […]

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