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Genworth files for mortgage insurance biz IPO
Henrico County-based Fortune 500 insurer Genworth Financial Inc. filed paperwork with the U.S. Securities and Exchange Commission Monday for a proposed initial public offering of the company’s mortgage insurance business. J.P. Morgan and Goldman Sachs & Co. LLC will serve as joint book-running managers for the proposed offering of Genworth Mortgage Holdings Inc. (GMHI), a […]
COVID roundup: Va. now offering vaccines to everyone age 16+
All Virginians age 16 and up are now eligible for the COVID-19 vaccine, which you may have heard Monday morning in a loud public safety alert sent to smartphones by the Virginia Department of Health. All U.S. states met President Joe Biden’s April 19 deadline to expand vaccine eligibility for all adults, regardless of job, [&h[...]
Virginia Beach office property sells for $1M
CR Assets LLC has purchased a 5,040-square-foot office building in Virginia Beach for $1 million, Cushman & Wakefield | Thalhimer announced on Monday. Located at 4598 Broad St., the building will serve as the future corporate headquarters of Canzell Realty. It was sold by Broad Street Associates. The sale closed on April 8. [...]
Dominion no longer pursuing second Richmond office tower
Dominion Energy Inc. no longer plans to pursue a second office tower in downtown Richmond. Last week, the Richmond-based utility notified the city that it no longer plans to pursue construction of 700 Canal Place, a proposed 17-floor office tower that would complement 600 Canal Place, a 960,000-square-foot, 20-floor office tower[...]
Staunton manufacturer to expand, create 31 jobs
Ryzing Technologies LLC, a designer and manufacturer of textile-based engineering solutions, will expand its facility in Staunton, creating 31 jobs, according to an announcement Friday from Virginia Gov. Ralph Northam. Ryzing is investing $149,000 in the expansion of the facility, which specializes in engineered textiles, rigid inflatable structures, and rapid prototyping. Its customer base includes […][...]
Va. unemployment stayed steady in March
Virginia’s seasonally adjusted unemployment rate remained above 5% in March, dropping just 0.1 percentage points below February’s jobless rate. March’s 5.1% unemployment rate was 2.5 percentage points above March 2020’s rate. Virginia contends to trend lower than the nation, however. The U.S. unemployment rate for March was 6%. “Virginia’s unemployment rate is steadily improving and […][...]
Former Roanoke Boy Scouts building sells for $1.2M
The former Boy Scouts of America building in Roanoke has sold for $1.2 million. Located at 2131 Valley View Boulevard, the 11,185-square-foot building was purchased by 1501 WW LLC from Blue Ridge Mountains Council Inc. The sale closed on March 3. Matt Huff and Zack May of Poe & Cronk facilitated the sale on behalf […]
Former Roanoke Johnson & Johnson property sells for $6.26M
The former Johnson & Johnson Spectacle Lens Group development on more than 30 acres in Roanoke has sold for $6.26 million. Located at 2797 Frontage Road, the property was purchased by Briar Oaks Investments VII LLC from Delta Dental of Virginia. The sale, which included a 146,852-square-foot medical grade manufacturing, offi[...]
$60M Hanover industrial development to begin construction in May
A $60 million, five-building industrial development is set to begin construction next month in Hanover County. Northlake II will include approximately 655,000 square feet of Class A industrial space. Construction on the first three buildings will commence in May, with an anticipated completion of spring 2022. The project is bein[...]
NoVa housing market remains hot
Northern Virginia is continuing to see high levels of housing activity, a trend also taking place around the state and around the country. In an April 13 news release, the Northern Virginia Association of Realtors (NVAR) states that March saw a 54% month-over-month increase in new contract activity in the region, with 2,781 new [...]
Winchester apartments sell for $4.5M
WinLee Apartments, a 41-unit multifamily property in Winchester, has been purchased as an investment by Fairmont Holdings LLC for $4.5 million. Located at 320-350 Fairmont Ave. and 131-165 Peyton St., the six-building complex was sold by WinLee Apartments LTD. The sale closed on April 12. Jamie A. Scully of Cushman & Wakefie[...]
Roanoke industrial property sells for $2M
A 65,825-square-foot industrial property in Roanoke has been purchased for $2.02 million. Located at 1764 Granby St. NE, the property was purchased from Vista Properties by H&M Commercial Properties. The property had one tenant occupying about half the space; the other half of the property will be immediately available for l[...]
