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Richmond seeks developers for Diamond District
The city of Richmond issued a request for interest on Dec. 28, 2021, seeking developers for the 66.7-acre Diamond baseball stadium property it has dubbed the Diamond District. The city plans to demolish the stadium and construct a new multipurpose one that the Richmond Flying Squirrels will share with Virginia Commonwealth Unive[...]
Richard Cullen to become Youngkin’s counselor
Gov.-elect Glenn Youngkin has selected former Virginia Attorney General Richard Cullen as counselor to the governor. A senior partner and former chairman of McGuireWoods, Cullen will leave Virginia’s largest firm on Jan. 14, the day before Youngkin is sworn in. Cullen joined McGuireWoods in 1977. From 1991 to 1994, he serv[...]
Looking back
In November 2021, Gov. Ralph Northam sat down for an interview with Virginia Business, looking back at his eventful four-year term. This is a transcript of the full interview, part of which was used in the January 2022 cover story, “A dramatic shift.” The interview has been edited for length and clarity. Virginia Business: W[...]
Innsbrook office buildings sold for $20.8M
Virginia Beach-based The Runnymede Corp. has purchased the Waterfront Plaza office portfolio at Innsbrook Corporate Park in Henrico County for $20.8 million from Raleigh, North Carolina-based Highwoods Properties, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio consists of two buildings: the 58,366-square[...]
Va. Biotechnology Association elects new directors
The Virginia Biotechnology Association (Virginia Bio), a Richmond-based trade association representing 230 member organizations in the life sciences industry, has elected six new directors, expanding its board from 24 to 30 directors. Joining the board are: Gerry Brunk, managing director of Lumina Ventures, based in Boston, but involved in many life sciences organizations in Virginia […]
Richmond warehouse sells for $7.5M
SR Westwood Avenue LLC has purchased 129,800 square feet of warehouse space on 4.76 acres of land at 2031 Westwood Ave. in Richmond from Westwood Development Group LLC for $7.5 million, Commonwealth Commercial Partners LLC announced Wednesday. Ben Bruni and Ryan Fanelli of Commonwealth Commercial Partners represented the buyer. [...]
7-Eleven portfolio sells for $19.7M
A portfolio of seven 7-Eleven Inc. gas and convenience locations around the commonwealth have been sold to affiliates of Hermosa Beach-based Equitas Investments LLC for $19.7 million, Cushman & Wakefield | Thalhimer announced Monday. The deal closed on Dec. 22 and includes seven freestanding, corporately leased 7-Eleven stor[...]
Falls Church strip mall gets new look
The shopping center formerly known as Falls Plaza in Falls Church has a new look and a new name: Birch & Broad. Renovations are now complete at the 144,000-square-foot strip mall, which is anchored by a Giant Food supermarket. Other tenants include Conte’s Bike Shop, CVS Pharmacy, Plaka Grill, Starbucks, Jersey Mike[...]
Three Haymarket buildings sold for $13M
An affiliate of Fairfax-based Meladon Group LLC purchased three buildings in Haymarket for $13 million, Cushman & Wakefield | Thalhimer announced Tuesday. The seller was not disclosed. The portfolio includes buildings leased to CVS, Chick-Fil-A and Virginia National Bank on 5.63 acres at the intersection of Virginia Route 15[...]
Two Lynchburg apartment complexes sell for $7M
Two Lynchburg apartment communities have sold for $7 million, Cushman & Wakefield | Thalhimer announced Wednesday. Deal Properties sold Bramblewood Apartments, with 71 units, and Craigmont Manor, with 24 units, to BWCM Apartments LLC. BWCM plans to upgrade the properties. Clay Taylor of Cushman & Wakefield | Thalhimer[...]
Consumer Technology Association: “CES will and must go on”
The Arlington-based Consumer Technology Association (CTA) is moving forward with its CES consumer technology trade show in Las Vegas in January, despite cancelations from big exhibitors and the surge of COVID-19 cases fueled by the omicron variant. Formerly known as the Consumer Electronics Show, CES typically draws thousands of[...]
Chester distribution facility sells for $17.7M
The Old Stage Distribution Center in Chesterfield County sold for $17.7 million, Cushman & Wakefield | Thalhimer announced Tuesday. LNR Partners sold the 375,000-square-foot building, which sits on 33 acres, to New York-based Diamond Acquisitions. The distribution center is at 11200-11300 Old Stage Road in Chester, near Inte[...]
