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Va. unemployment fell to 5.3% in January
Virginia’s unemployment rate dropped from 5.6% in December 2020 to 5.3% in January, Gov. Ralph Northam announced Monday. The state saw a gain of 14,100 nonfarm payroll jobs during January. The seasonally adjusted unemployment rate was 6.3% in January, falling to 6.2% in February. Nevertheless, Virginia’s January unemployment rate was still significantly higher than in […]
Framatome launches government solutions subsidiary
Lynchburg-based Framatome Inc. announced Monday the launch of an independent subsidiary, Framatome U.S. Government Solutions LLC, which will focus on nuclear energy initiatives and projects for federal agencies. “Our Framatome team has been delivering solutions to the commercial nuclear industry for more than 60 years and Framatome U.S. Government Solutions consolidates our diverse areas of […][...]
Bon Secours plans to build emergency clinic in Chester
Bon Secours St. Francis Medical Center plans to build a freestanding emergency clinic in Chester on six acres the health care system recently acquired for $1.95 million. The facility will be built at the corner of Route 1 and Moore’s Lake Road. Bon Secours purchased the property from Americana Park LLC and Trollingwood Land LLC. […]
COVID roundup: Va. deaths surpass 10,000; 21% of population vaccinated
Virginia exceeded 10,000 coronavirus-related deaths as of March 15, one year and one day after the first COVID-19 death was recorded in the state. Also, 21% of the state’s population — 1.7 million people — have now received at least one dose of a COVID vaccine, according to the Virginia Department of Health. And more [[...]
Manufacturing/logistics building coming to Meadowville Technology Park
A newly announced 353,044-square-foot manufacturing and industrial facility will be the first spec building constructed at Meadowville Technology Park, which is owned by the Chesterfield County Economic Development Authority. The project is being developed by Columbia, South Carolina-based Red Rock Developments and Stamford, Con[...]
Breeden buys $3.5M Newport News site for apartments
Breeden Investment Properties Inc. purchased a 5.06-acre land parcel to build a 176-unit apartment complex in the 200-acre Huntington Pointe residential development. The Virginia Beach-based commercial real estate development company paid $3.52 for the vacant parcel. Breeden purchased the property, located off of Denbigh Boulevard near the York County line, from Huntington Pointe LLC. C. […][...]
Mack Trucks’ Salem manufacturing facility sells for $12.7M
An Argentinian private equity partnership purchased a 280,900-square-foot manufacturing facility in Salem for $12.7 million. Located at 6450 Technology Drive, the property is leased to the Mack Trucks Inc. division of AB Volvo Group. Mack Trucks employs 250 people at the Roanoke Valley Operations facility in Salem, where it̵[...]
February activity signals busy spring for NoVa home sales
The pace and price of home sales in Northern Virginia likely signal a busy spring for the real estate sector, according to the Northern Virginia Association of Realtors (NVAR). In a news release, the association states the average February sale price was 100.2% of the listing price. The total dollar volume of the region in […]
Fairfax County senior living community begins $56.5M renovation
Fairfax County senior living community The Virginian has begun a $56.5 million renovation, aimed to be completed in phases through June 2022. The renovated seven-story, 367,000-square-foot building will include four wings featuring 155 independent living apartments, 56 assisted living apartments and 38 memory care residences. Th[...]
Virginians ages 65+ have mostly gotten COVID shots
With more than 1.6 million Virginians having received COVID-19 vaccinations, the number of people age 65 and older seeking COVID-19 shots is beginning to slow down, Dr. Danny Avula said Friday. That has left more appointments open for younger people with health issues or who work in essential jobs. Avula, the state’s vacci[...]
Chesapeake industrial property sells for $2.9M
2280 Steppingstone LLC has purchased two 12,000-square foot office/warehouse condo buildings from Chesapeake Land Co. LLC for $2.88 million in Chesapeake. The buildings are located at 2278-2280 Steppingstone Square. Geoff Poston of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser. Subs[...]
Virginia Beach medical office building sells for $2.7M
Virginia Beach-based Gwynn-Reed Enterprises LLC has purchased a 10,036-square-foot medical office building on 1.84 acres in Virginia Beach for $2.65 million. The property is located at 1817 Republic Road. Gwynn-Reed purchased the property from Virginia Beach-based Vitruvian Property Group LLC. S.L. Nusbaum Realty Co.’s Chris Zarpas and Chris Devine represented the seller. Subscribe to Virginia […][...]
