State, CSX announce $3.7B in passenger rail improvements
The state and Jacksonville, Florida-based CSX Corp. announced Thursday they would invest $3.7 billion in improving train service between Richmond and Washington, D.C., including building a new bridge across the Potomac River dedicated to passenger and commuter rail. The improvements are set to start in the second half of 2020 an[...]
Deep-water terminal sold for $8.15 million
A 55-acre deep-water terminal in Chesapeake has been sold to Norfolk-based Ruth Industrial LLC for $8.15 million, Cushman & Wakefield | Thalhimer announced this week. The property at 700 Rosemont Ave. includes about 60,000 square feet of industrial space and a 400-foot concrete pier. The seller is OEP Rosemont LLC, based in [...]
Richmond-based GPM acquires Dallas fuel distributor
Richmond-based convenience stores owner and operator GPM Investments LLC signed an agreement to acquire substantially all of the assets of Dallas, Texas-based Empire Petroleum Partners LLC, adding 1,457 wholesale fuel locations to its footprint, GPM announced Wednesday. With the transaction in place, GPM is expected to distribute 2.5 billion gallons of fuel annually across 2,800 […]
Retail mall in Henrico sells for $6.3M
The Virginia Center Parkway strip mall in Henrico County was sold for $6.3 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. JDJR Central LLC bought the 24,400-square-foot property located on Brook Road that is 100% leased to seven tenants. Tenants include Chipotle, Mattress Firm and Anyti[...]
Two more solar plants coming to Danville
Two five-megawatt AC solar power plants are being built in Danville and will support 125 jobs in Virginia, the city announced today. The two solar projects — Irish Road Solar and Whitmell Solar — will span 100 acres and will generate an estimated 23,886,000 kilowatt-hours annually — enough energy to supply energy to 59,000 homes […]
Henrico industrial park sells for $6.4M
Parham Forest Industrial Park in Henrico County has sold for more than $6.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Richmond-based Remuda Forest Investment Company LLC bought the property, and was represented by Eric Robinson. Gregg W. Beck represented the buyer. Both Robinson and Beck are with Thalhimer’s Capital Markets Group. […]
Williamsburg shopping center purchased for $12.2M
Williamsburg shopping center Courthouse Commons has been purchased for $12.2 million by Baltimore-based Hamilton Park Limited Partnership, Harvey Lindsay Commercial Real Estate announced Tuesday. The 48,650 square-foot property located on Monticello Avenue near William & Mary is home to The Fresh Market, Starbucks, franchise exercise studio Pure Barre and smaller retailers. It was sold by […][...]
New bus routes will connect Danville to D.C., Martinsville to Richmond
The Virginia Department of Rail and Public Transportation will launch two new Virginia Breeze intercity bus service routes connecting Danville to Washington, D.C., and Martinsville to Richmond in spring 2020, the department announced Tuesday. The 2-year-old Virginia Breeze, funded by the federal Rural Transit Assistance 5311 Pro[...]
Chesapeake-based Volvo Penta promotes two executives
Chesapeake-based Volva Penta of the Americas appointed Yichen Gu to vice president of parts and accessories and promoted Marcelo Puscar to vice president of marketing. Both executives will be based in the Chesapeake office, the engine manufacturer announced Tuesday. Gu will assume his position in March 2020 and will plan and direct parts and accessory […]
Jamestown-Yorktown Foundation taps new executive director
American Civil War Museum CEO Christy Coleman has been tapped as executive director of the Jamestown-Yorktown Foundation. She replaces the foundation’s longtime leader, Philip G. Emerson, who is retiring on Dec. 31 after 28 years. Coleman, who starts at JYF on Jan. 21, previously held leadership positions at the Charles H. Wri[...]
JLARC recommends improvements to workers’ comp system
Virginia should pursue improvements to its existing workers’ compensation system program before considering an alternative program, the Joint Legislative Audit & Review Commission recommended in a study released Monday. In December 2018, JLARC directed its staff to conduct a review of Virginia’s worker’s compensation system. The report issued nine major findings regarding compensation claims, fraud […][...]
Poll finds voters support many Democratic agenda items
A poll conducted by Christopher Newport University’s Wason Center for Public Policy finds strong support for several legislative items supported by the General Assembly’s incoming Democratic majority, ranging from increasing firearms restrictions to raising the minimum wage. “This survey suggests there’s pent-up demand among voters for a lot of the Democrats’ policy agenda,” Wason Center […][...]