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TowneBank moving closer to Norfolk Southern Tower purchase
Suffolk-based TowneBank is moving closer to purchasing the 22-story Norfolk Southern Tower, reaching an agreement to purchase a nearby downtown Norfolk parking garage for $8.5 million. TowneBank hopes to close on the parking garage and the Norfolk Southern building this summer, TowneBank spokesperson Joel Rubin said Thursday. T[...]
The ‘stress test’ for data centers
The internet hasn’t blown up — yet. But the primary data center hub of the world — Loudoun County — where more than 70% of all internet traffic passes through the county’s Ashburn area, has seen a 50% spike in daytime broadband consumption since the coronavirus crisis began, says Buddy Rizer, Loudoun County’s e[...]
Radford University off-campus apartments sell for $36.1M
More than 200 apartment units near Radford University sold for $36.1 million, Richmond-based real estate company One South Commercial announced this week. The buildings bought by Highland Apts I LLC, a special-purpose entity (SPE) associated with Reston-based real estate investment firm Willow Creek Partners. Radford-based devel[...]
Contura Energy temporarily closing several Va. mines
The Virginia Department of Mines, Minerals and Energy (DMME) was notified Friday morning that Tennessee-based Contura Energy is temporarily closing nearly all of its coal mines in Virginia in response to coronavirus, DMME spokesperson Tarah Kesterson says. Contura has affiliate mining operations in Pennsylvania, Virginia and West Virginia. Its Virginia facilities including 88 Strip, Long […][...]
Two apartment complexes in Va. Beach sell for $7M+
Two apartment complexes in Virginia Beach have sold for $3.1 million and $4.525 million, respectively, commercial real estate investment company Marcus & Millichap announced this week. The Green Meadows Apartments sold for $3.1 million and the Breezy Meadows Apartments sold for $4.525 million, said Benjamin Yelm, regional ma[...]
Breeden Construction moves HQ, triples office space
Henrico County-based Breeden Construction has moved its headquarters office to an 8,100-square-foot space near Henrico Doctors’ Hospital — tripling its previous office space, the company announced this week. Financial terms of the move were not disclosed. The Class A office space is located at 1700 Bayberry Court, Suit[...]
Va. coronavirus cases top 2,000
5:30 p.m. April 3 update: A woman in her 80s has died from COVID-19 related causes, the Chickahominy Health District reported Friday afternoon. She is the first fatality in this district, which covers Charles City, Goochland, Hanover and New Kent counties. 4:30 p.m. April 3 update: A 17th resident of Canterbury Rehabilitation & Healthcare Center […]
Henrico County manager: Canterbury’s reaction to early offer of help was “not positive”
Canterbury Rehabilitation & Healthcare Center was slow to accept Henrico County’s help at the start of the COVID-19 outbreak that has left 16 residents dead and 108 people positive at the facility, Henrico County Manager John Vithoulkas said during a news conference Thursday evening. “We have respected their autonomy and[...]
Logistics companies try to weather supply chain storm
As supply chains become disrupted and demand for essential products such as grocery items, paper goods and personal protective equipment has skyrocketed, Virginia logistics companies are still operating quasi-business-as-usual as they’re also taking on new challenges. “There’s not a general increase in employment at th[...]
‘People have to start thinking about the relaunch plan’
Virginia Business virtually sat down with Mathieu Stevenson, CEO of Glen Allen-based hourly online staffing platform Snagajob, and Tammy Feaster, owner of the Spherion staffing services location in Winchester, to see how the staffing industry has weathered the coronavirus crisis. This is part of an ongoing series of conversation[...]
Averett University names new VP and CFO
Averett University announced Thursday that Don Aungst has become the university’s new vice president and chief financial and operating officer. He started at the Danville college this month. Aungst was most recently the CFO at Susquehanna University in Pennsylvania. He has more than 30 years of experience in higher educati[...]
Va. Beach-based DroneUp acquires AeroVista Innovations
Virginia Beach-based end-to-end drone pilot service company DroneUp LLC announced Thursday it has acquired Glenview, Illinois-based AeroVista Innovations LLC (AVI). The merged company will rebrand as The DroneUp Training Academy. DroneUp acquired AVI’s assets, employees and customer contracts. Financial terms of the transa[...]
