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Virginia Bar Association insurance agency rebrands
The insurance agency unit of the Virginia Bar Association, formed in 2001, has been rebranded as Virginia Bar Association Insurance. Formerly known as Virginia Barristers Alliance Inc., the subsidiary provides insurance services and products to Virginia lawyers and offers employee benefit products. VBAI represents every health insurer providing coverage in Virginia. The VBA is the […]
Fredericksburg industrial park parcel sells for $3.8M
A nearly 11-acre parcel in Fredericksburg’s Battlefield Industrial Park has sold for $3.8 million to Fairfax County-based Andrew and Andrew RE Investment, Cushman & Wakefield | Thalhimer announced Thursday. Located at the intersection of Tyler Street and Central Road, the parcel consists of four mostly vacant office and industrial buildings comprising 75,000 square feet and three […][...]
Carvana opening $25M center in Chesterfield
Tempe, Arizona-based Carvana Co., an e-commerce platform for buying and selling used cars, will be investing $25 million to establish a vehicle inspection and reconditioning facility that will create an estimated 400 jobs in Chesterfield County, Gov. Ralph Northam announced Thursday. “Carvana is a fast-growing national company, and we are proud that it has chosen […]
Washington-area job growth stands out in IT survey
The Washington, D.C., metro area led the nation in open IT jobs over a 12-month period, according to an industry survey. The Washington region, which includes Northern Virginia, ranked No. 11 overall in CompTIA’s Tech Town Index 2019. The index identifies the 20 metro areas with populations of more than 250,000 where demand for tech […]
Richmond construction firm to build Blacksburg townhomes
Richmond-based Eagle Construction of Virginia is partnering with Midtown Redevelopment Partners in Blacksburg to build single-family townhomes at the site of what was formerly Blacksburg Middle School, Eagle announced Wednesday. The mixed-use community will be built on 30 acres adjacent to Blacksburg’s downtown area, but an overall cost for the project has not been released. […]
PremierXD assets to be sold in online auction
More than 1 million square feet of manufacturing equipment will be auctioned off next week, assets that belonged to New York-based store fixture manufacturer PremierXD, which shut down operations in September. Nearly 200 people in Henrico County were laid off as a result. The auction will be online only, starting at 10 a.m. Tuesday, Dec. […]
Need Supply Co. to host first pop-up showroom in Charlottesville
Richmond-based e-commerce retailer Need Supply Co. will launch a pop-up showroom in Charlottesville for the holidays. The 23-year-old fashion and home goods store is based in Richmond’s Carytown district and has a second shop in Tokyo, but most of its business is conducted online, filling e-commerce orders in the United States[...]
Richmond’s Market Villas apartments sells for $3.9M
Richmond real estate developer Lynx Ventures sold Market Villas, a 31-unit adaptive reuse apartment property, to real estate asset management firm CJehn Partners LLC for more than $3.9 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The property located in downtown Richmond’s historic Shockoe Bottom neighborhood includes first-floor retail space in close […][...]
SCHEV issues ‘roadmap’ for state economic development investment
The Virginia Research Investment Committee has approved the State Council of Higher Education’s Commonwealth Research and Technology Strategic Roadmap, which spells out research areas that will yield the greatest impacts from state investment in economic development with state investment for the next three years, SCHEV announced Wednesday. The report identifies these research areas as worthy […][...]
25-story tower planned for Tysons
Construction is beginning on a 25-story speculative office tower in Tysons. The 383,628-square-foot building, to be called Tysons Central, is being developed by the Potomac, Maryland, real estate investment firm Foulger-Pratt and San Antonio-based USAA Real Estate. Completion of the $200 million building is expected in 2021. It [...]
Port of Virginia begins $350M dredging project
The dredging project to make Virginia the East Coast’s deepest port has begun nearly two-and-a-half years earlier than expected, The Port of Virginia announced Monday. Dredging work started Dec. 2 to deepen the western side of Thimble Shoal Channel to 56 feet for commercial channels. After the dredging, the Norfolk Harbor will be able to […]
Herndon software company acquired by Florida tech distributor
Herndon-based software and cloud solutions company DLT Solutions was acquired by Clearwater, Florida-based technology distributor Tech Data Corp., Tech Data announced Monday. DLT is now a wholly owned subsidiary of Tech Data Corp. The financial terms of the acquisition were not disclosed. DLT Solutions provides cloud solutions for the U.S. public sector and will continue […]
