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Recent real estate deals around Virginia
Cushman & Wakefield | Thalhimer represented the seller, LNR Property, in the $2 million sale of part of 260 Boush Street, a multiuse commercial and residential building in downtown Norfolk. Tidewater Community College is the purchaser of the 37,065-square-foot commercial space on the first floor, plus 99 parking spaces on the second floor of the […]
BAE Systems makes splash with potential $478M Navy contract
Arlington-based defense contractor BAE Systems Inc. has won a U.S. Navy contract worth up to $478 million if all options are exercised, the company announced Oct. 27. Under the five-year Systems Engineering and Integration Support Services contract, BAE Systems will continue supporting the U.S. Navy Strategic Systems Programs (SSP) office. The SSP oversees the Strategic […]
Charlottesville doctor elected president of Medical Society of Va.
A Charlottesville ophthalmologist has been elected president of the Medical Society of Virginia, the organization announced Wednesday. Dr. Mohit Nanda, a board-certified ophthalmologist affiliated with Virginia Retina Consultants, has more than 20 years of experience. He will lead the group, which represents more than 30,000 physicians, physicians-in-training, physicians’ assistants and medical students. Nanda was elected [&hellip[...]
Virginia ABC names first chief transformation officer
The Virginia Alcoholic Beverage Control Authority has named Elizabeth Chu its first chief transformation officer, the authority announced Wednesday. Chu will guide Virginia ABC’s transformative efforts to ensure priorities and objectives are met, overseeing project management and business transformation, as well as diversity, equity and inclusion, according to a news release from the state ABC. […][...]
Richmond apartment building sells for $27M
A 157-unit apartment building in Richmond sold for $27.25 million, Minneapolis, Minnesota-based real estate broker NorthMarq announced Wednesday. Located at 308 N. Nansemond St., the three-story property known as The Gallery Midtown was built in 1938. The previous seller, Richmond-based Spy Rock Real Estate Group, renovated the [...]
Shenandoah Community Capital Fund to get $1M as part of federal program
The Shenandoah Community Capital Fund (SCCF) will receive $1 million in American Rescue Plan funding as part of the Community Navigator Pilot Program, the U.S. Small Business Administration announced Thursday. The program is an initiative meant to reduce barriers that small businesses, especially those owned by veterans, women, people from rural communities and communities of […]
Virginia Society of CPAs’ 2022 Virginia Economic Expectations Survey interviews
HAMPTON ROADS Richard E. Groover, CPA Shareholder | Wall, Einhorn & Chernitzer PC Norfolk What local industries/sectors do you think have potential for growth? Continued growth around the Port of Virginia and green energy. … Entrepreneurs and local leaders have made substantial investments to tee up this area as part o[...]
Altria names two new board members
Henrico County-based Altria Group Inc. announced the elections of two board members Wednesday and its third quarter earnings Thursday. Marjorie M. Connelly and R. Matt Davis joined Altria’s board of directors. “Both Marge and Matt bring a tremendous amount of senior-level public company experience,” Altria Board Chair [...]
Fluence launches IPO that could raise $868M
Fluence Energy Inc., an Arlington-based energy storage and digital application company owned by Siemens and AES Corp., launched its initial public offering (IPO) of 31 million shares of Class A common stock Thursday at $28 per share. The company is trading on the Nasdaq Global Select Market under the ticker symbol “FLNC.” As[...]
UVA Community Health names interim CEO
Erik Shannon will become the interim CEO of University of Virginia Community Health on Nov. 5, the network announced Thursday. UVA Community Health is a network of outpatient services across Culpeper and Northern Virginia, with UVA Culpeper Medical Center, UVA Haymarket Medical Center and UVA Prince William Medical Center. Shannon was most recently a partner […]
Va. new jobless claims rise slightly
Virginia’s new unemployment claims rose by about 30% last week, the Virginia Employment Commission reported Thursday, but remained about 8,000 lower than the number filed two weeks ago. For the filing week ending Oct. 23, Virginians filed 2,570 initial claims, an increase of 603 claims from the week before. Continued claim[...]
VF Corp. to create 82 jobs in Henry County
Denver-based apparel and footwear company VF Corp. will create 82 jobs with a $10.2 million expansion within Henry County, Gov. Ralph Northam announced Thursday. The company will make upgrades within its 500,000-square-foot facility in Martinsville to increase distribution capacity and speed. “VF Corp. has thrived in Henry Cou[...]
