Former Colortree factory to be taken over by new company
Tulsa, Oklahoma-based marketing conglomerate Moore DM Group will invest $31 million in reopening the Henrico County printing plant formerly operated by Colortree Group Inc., which abruptly went out of business in June, leaving 240 employees out of work. The new plant will be run as Richmond Print Group, a subsidiary of Moore DM [...]
HHHunt names new COO
Blacksburg-based real estate company HHHunt Corp. promoted Stephen Fritz to chief operating officer, the company announced Tuesday. Fritz was most recently senior vice president of HHHunt and president of HHHunt Homes. As COO, he will serve on the company’s executive committee. He will be based in the Richmond and Raleigh offi[...]
VCU College of Humanities and Sciences appoints dean
Jennifer Malat will be dean of the Virginia Commonwealth University College of Humanities and Sciences effective July 1, the university announced Tuesday. Malat is currently the divisional dean for social sciences at the University of Cincinnati (UC) College of Arts and Sciences and oversees academic affairs, faculty affairs and[...]
United Way Worldwide names chief experience officer
Alexandria-based health and education nonprofit organization United Way Worldwide has named former SunTrust Foundation President as its chief experience officer, the organization announced Tuesday. In his new role, Little will lead all donor-facing functions and will be a part of the executive management team. He will report to [...]
Park West office building in Va. Beach sells for $6.75M
A three-story office building in Virginia Beach sold for $6.75 million, real estate company Colliers International announced Tuesday. The 66,062-square-foot building developed in 1989 is located at 2877 Guardian Lane was sold by Park West Owner LLC to Guardian Lane West LLC. The property is located less than a mile from Intersta[...]
Steady as she goes
A presidential election. International trade conflicts. Fear of recession. There are plenty of circumstances that could shift the stock market and shake up investments in 2020. Yet consumers should not allow developments nationally and globally to influence their investment choices, say some Virginia wealth advisers who are list[...]
Roanoke office park sells for $3.2M
The Northpark Business Center in Roanoke County sold for $3.2 million on Feb. 17, Roanoke-based Waldvogel Commercial Properties Inc. announced this week. The 34,318-square-foot office park is located at 6701-6711 Peters Creek Road and was sold by Mechanical Development Co. Inc. The property consists of two single-story buildings that were more than 50% occupied at […]
Richmond’s Liqui-Box completes $585M DS Smith plc acquisition
Richmond-based packaging company Liqui-Box Corp. completed its acquisition of London-based international packaging business DS Smith plc’s plastics division to create a combined company with 35 manufacturing facilities and approximately 3,000 employees, the company announced Thursday. Financial terms of the transaction were not disclosed, but media reports last fall stated that the United Kingdom’s Competition and […][...]
VCU Honors College names new dean
Virginia Commonwealth University has tapped Scott C. Breuninger as dean of its honors college, VCU announced Friday. Breuninger starts on July 1. Breuninger currently works with the University of South Dakota (USD) as the director of its honors program and as an associate professor of history. He has been with USD since 2011 and[...]
ROA passenger traffic up 7.1% from last year
The Roanoke-Blacksburg Regional Airport’s (ROA) January grew 7.1% on a year-over-year basis, with 53,016 passengers flying in January 2020, the airport announced Friday. ROA has sustained passenger growth since September 2016. In January 2019 to January 2020 there were 3,552 more passengers — 114 more passengers per day. “Passenger demand is a critical factor when […]
ICF makes executive promotions
Fairfax-based management consulting firm ICF International Inc. promoted two employees to executive leadership roles, the company announced Friday. James Morgan will become chief of business operations and Bettina Welsh will become chief financial officer, effective Feb. 29. Morgan previously served as CFO at ICF and his role as[...]
Bedford shopping center sells for $8.4M
A shopping center in Bedford has sold for $8.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Bedford Plaza is a 112,649-square-foot retail center that has tenants including Dollar Tree, Goodwill, Tractor Supply, Virginia ABC, the Virginia Department of Motor Vehicles, among restaurants [...]