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Branch Group HQ in Roanoke sells for $2.9M
The Branch Group Inc. has sold its Roanoke headquarters building for $2.9 million, Poe & Cronk Real Estate Group announced this week. The 39,016-square-foot building at 442 Rutherford Ave. will remain as the company’s headquarters in a sale-leaseback transaction that allows the construction company to be a tenant. The [...]
Former SunTrust branch in Charlottesville sells for $2.5M
A former SunTrust Bank branch in downtown Charlottesville was recently sold for $2.53 million, Poe & Cronk Real Estate Group announced this week. Anchor Charlottesville Office 2 LLC, a business entity connected to Charlottesville-based Anchor Health Properties, purchased the 18,746-square-foot property at 402 Park St. from W[...]
CAVA to build $30M facility in Augusta County
Washington, D.C.-based fast-casual Mediterranean restaurant chain CAVA will spend more than $30 million to establish a new processing and packaging facility in Augusta County, a project expected to create 52 jobs, Gov. Ralph Northam announced Thursday. CAVA will build the 57,000-square-foot facility in Mill Place Commerce Park in Verona. “Food and beverage processing is at […]
Italian vehicle wash manufacturer to open U.S. HQ in Russell County
An Italian manufacturer will open a $1.75 million U.S. headquarters in Russell County, creating 50 jobs over the next three to five years, the Virginia Coalfield Economic Development Authority announced Thursday. Ceccato S.p.A. will open its U.S. subsidiary at the Russell Place building at 122 Haber Drive in Lebanon. It has a pr[...]
Dominion Energy to sell downtown Richmond high rise
Dominion Energy is selling its 20-story high rise building in downtown Richmond’s Financial District as the company looks toward a future that includes a hybrid workforce. Mike Frederick, the company’s senior vice president-administrative services, told employees Thursday in a memo that Dominion’s Eighth and Main tower, at 705 E. Main St. will be sold. Real […]
Colonial Downs Racetrack sets $2.23M daily bets record
Bettors laid down a record $2.23 million in average daily wagers on horse races at Colonial Downs Racetrack in New Kent during this year’s annual race meet, Colonial Downs Group announced this week. The total amount bet on races during the seven-week racing season was $46.87 million, and a total of $10.4 million in purses […]
UVA Health hires talent acquisition/retention senior director
UVA Health has hired Charles Bodden as its first senior director for talent acquisition and retention, the Charlottesville-based university health system announced Thursday. Bodden starts his new post on Sept. 27. His initial priorities will include establishing a formal strategy for diversity and inclusion recruitment. “U[...]
Va. new jobless claims declined again last week
Virginia’s new unemployment claims fell for the second week in a row last week, declining by 20%, the Virginia Employment Commission reported Thursday. Continued jobless claims also decreased for the filing week ending Sept. 4, down 2,036 claims from the previous week to total 44,435. Initial claims totaled 6,179, down 1,5[...]
Pa. digital marketing firm to relocate HQ to Danville
Kegerreis Digital Marketing will move its headquarters from Pennsylvania to downtown Danville, creating 62 jobs, Virginia Gov. Ralph Northam announced Thursday. The company provides integrated marketing services, such as brand development, billboards, online efforts and analytics for e-commerce retailers, digital startups, venture firms, and local and regional businesses. It is a subsidiary of Chambersburg, Pennsylvania-based […][...]
Tysons-based Neosystems to be acquired by High Street Capital
Tysons-based Neosystems is being acquired by High Street Capital, a Chicago-based private equity firm, the company announced Wednesday. Neosystems is an IT systems integrator and managed services provider to government contractors. Financial terms of the deal were not disclosed. The current management team of Neosystems, including CEO and co-founder Michael Tinsley and co-founder and Chief […][...]
GO Virginia funds two NoVa tech projects
GO Virginia Region 7 is allocating $2.2 million to two projects in Northern Virginia focused on developing the area’s technology industry, the Northern Virginia arm of the state’s GO Virginia economic development initiative announced Wednesday. “The COVID-19 pandemic has drastically increased the demand for high-tech jobs, giving our region a unique opportunity to make workforce […][...]
Truist donates $1M to U.Va. in memory of S. Buford Scott
Truist Wealth has made a $1 million gift to the Walter N. Ridley Scholarship Program and the University of Virginia Alumni Association in honor of the late Richmond business and philanthropic leader Sidney Buford Scott and the brokerage firm founded by his family, Scott & Stringfellow. The gift establishes a fully endowed Bu[...]
