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Home sales, price growth to slow in 2022 after rapid 2021 rises
Virginia home sales in 2022 will be down by about a tenth of a percent compared to 2021 sales, according to a forecast report released Friday by Virginia Realtors. In 2021, the report projects a total of about 148,600 home sales in Virginia, up 6.2% from 2020. “While home sales activity in 2021 will surpass […]
U.Va. receives $50M gift for new performing arts center
The University of Virginia announced Friday it has received a $50 million lead gift to build a performing arts center, a donation by Tessa Ader, a prominent Charlottesville-area philanthropist who serves on the Fralin Museum of Art advisory board at U.Va. “My late husband, Richard, and I long felt that a state-of-the-art perfo[...]
Thomas Nelson Community College renamed Va. Peninsula
Thomas Nelson Community College, based in Hampton and James City County, will soon be called Virginia Peninsula Community College, the Virginia Community College System’s state board voted Thursday. In February, the college’s local advisory board voted unanimously to change the school’s name, bestowed to honor [...]
Six Staunton apartment properties sell for $6.3M
Staunton Portfolio LLC has purchased a six-property multifamily portfolio, which includes 88 apartments for $6.3 million, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio was sold with assumable long-term fixed-rate debt in place. The seller was LSK Properties LLC. The properties are located in Staunton at [...]
Facebook bringing broadband to Grayson County
Facebook, Appalachian Power and Gigabeam Networks are partnering to bring faster internet to Grayson County residents, the social media giant announced Thursday. The trio of companies will bring fiber-to-the-home and wireless internet to about 6,000 households in Grayson, a Southwest Virginia county with a population of about 15[...]
Roanoke College president to retire in 2022
Michael C. Maxey, the 11th president of Roanoke College, announced Thursday that he will retire at the end of the academic year. Maxey has been with Roanoke College, located in Salem, since 1985 and has served as president since 2007. He has served the longest of any of the college’s presidents, according to a news […]
VPM president and CEO elected to PBS board
Jayme Swain, VPM and Virginia Foundation for Public Media president and CEO, was elected to serve a three-year term as a professional director on the Public Broadcasting Service Board, PBS President and CEO Paula Kerger announced Wednesday. Swain oversees VPM, which is a Richmond-based network of PBS and NPR stations across Cent[...]
Youngkin has 5-point lead in UMW governor’s race poll
In the most recent round of dueling gubernatorial poll results, Republican candidate Glenn Youngkin has a five-point lead among likely voters against Democrat Terry McAuliffe, Virginia’s former governor seeking a second, nonconsecutive term, according to a University of Mary Washington statewide survey conducted earlier th[...]
Company to build $4.2M facility in Brunswick County
Southern Virginia Vegetable Packing LLC has partnered with Brunswick County Industrial Development Authority, with plans to build a 45,000-square-foot, $4.2 million produce processing and packing facility that is expected to create 40 jobs over three years, Gov. Ralph Northam announced Thursday. Old Dominion Organic Farms, a member of Southern Virginia Vegetable Packing, will operate the […][...]
Alexandria-based SBG acquired by Fla. company
Alexandria-based defense contractor SBG Technology Solutions Inc. has been acquired by Florida-based Document Storage Systems Inc. (DSS), the companies announced last week. The financial terms of the deal, which was completed Sept. 8, were not disclosed. SBG will operate as a wholly-owned subsidiary of DSS and expand the company’s capabilities for the Department of Veterans […]
Fahrenheit Advisors adds two managing directors
Richmond-based Fahrenheit Advisors has added two executives to its leadership team. Mark Vita will join the management consulting firm as managing director and will lead the firm’s business advisory and finance and accounting practices. John Atkinson will also be a managing director and lead the firm’s new sales tran[...]
Virginia Industrial Plastics to grow in Rockingham, adding 92 jobs
Virginia Industrial Plastics Inc. will invest more than $6.5 million to expand its manufacturing facility in Rockingham County, Gov. Ralph Northam announced Thursday. The plastic thermoforming and fabrication company will add 92 jobs with the expansion. Virginia Industrial Plastics makes products designed to serve markets such as meat processing, leisure, medical, commercial, transportation, industrial, heavy […][...]
