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Va. casinos report $62.7M in May gaming revenues
May gaming revenues for Virginia’s three casinos totaled $62.7 million, according to Virginia Lottery data released June 14. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.46 million in adjusted gaming revenues (wagers minus winnings), of which about $12.4 million came from its 891[...]
400-unit apartment complex sells for $84M in Norfolk
A 400-unit apartment community in Norfolk sold for $84 million, according to a late May news release from Croatan Investments. Originally built in 1991, the garden-style apartment community, Park Crescent, had 454,735 rentable square feet at the time of sale, according to Croatan. FPA Multifamily purchased the property from a jo[...]
Retro Hospitality adds three hotels to portfolio
Richmond-based boutique hotel advisory and management firm Retro Hospitality has added three Virginia hotels to its portfolio, the firm announced Wednesday. The company now operates The Bee and The Holbrook Hotel in Danville and The Lofts at Downtown Salem in Salem. Other hotels in its portfolio include the Blackburn Inn and Con[...]
Dollar Tree, a Virginia corporate success, faces new pressures over history of violations
Virginia inspectors have levied $1.9 million in fines against Dollar Tree and Family Dollar in the past 10 years for health and safety violations, according to a VCIJ at WHRO analysis. Federal inspectors have forced the stores’ parent company to pay millions more. Now, worker advocates and activist investors have increased cal[...]
BWXT team lands $30B federal nuclear contract
A joint venture led by a Lynchburg-based BWX Technologies subsidiary has been awarded a potential $30 billion Department of Energy contract to operate a nuclear weapons plant in Texas, the company announced Friday. The DOE’s National Nuclear Security Administration awarded the contract to PanTeXas Deterrence (PXD), a joint[...]
Hampton Roads home sales steady, inventory rises in May
Hampton Roads home sales in May remained steady year-over-year, but inventory climbed, breaching 4,000 homes for sale, according to Real Estate Information Network (REIN) data released Monday. Last month, 2,498 homes sold in Hampton Roads, up from 2,189 in April and equal to homes sold in May 2023. Pending sales totaled 2,546, d[...]
Carry-On Trailer expands Westmoreland operation
Georgia-based Carry-On Trailer, a leading manufacturer of steel and utility trailers, will invest $9.2 million to increase capacity at its facility in Westmoreland County, Gov. Glenn Youngkin announced Tuesday. The project is expected to create 60 jobs. To meet increasing customer demand in the northeast, Carry-On Trailer plans [...]
VCU names new dean of health professions college
Virginia Commonwealth University’s College of Health Professions will have a new dean effective Aug. 15, the university announced Wednesday. Amy R. Darragh comes from Ohio State University, where she is director and vice dean of the School of Health and Rehabilitation Services. Darragh succeeds interim dean Paula Song, the[...]
Sentara boosts Halifax hospital investment to $107M
Last year, Sentara Health unveiled plans to invest $70 million to replace the aging Sentara Halifax Regional Hospital in South Boston with a new acute care hospital. On Tuesday, the health care system announced the investment will be closer to $107 million. “It’s just part of the evolution of the process,” Bria[...]
Emory & Henry names interim president
Louise “Lou” Fincher, Emory & Henry University’s senior vice president, has been named interim president of the Washington County-based private college beginning Aug. 1, as President John W. Wells steps down and becomes the school’s first chancellor in late July. Fincher is also the inaugural dean of [...]
Hard Rock Bristol delays permanent casino opening
The Hard Rock Hotel & Casino Bristol’s development team has pushed back the opening of the permanent casino, previously expected in July, and will instead open its approximately $515 million permanent casino resort in late fall. The team — a joint venture between Hard Rock, Par Ventures President Clyde Stacy and The Unit[...]
Developers break ground on rent-restricted, solar-powered apartments
Developers broke ground May 30 on the The Helios, a $54 million, rent-restricted, solar-powered apartment building in Henrico County, according to an announcement by Bank of America, which is financing construction. A joint venture between Spy Rock Real Estate Group and Crescent Development, both based in Richmond, the apartment[...]
