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Henrico County manufacturer purchases North Dakota company
Henrico County-based manufacturer Alchemco recently acquired a North Dakota waterproofing technology company, TechCrete LLC, in a move expected to create 15 to 20 jobs, according to Alchemco. Terms of the transaction were not disclosed, but Alchemco, which produces products to clean, repair and waterproof concrete and masonry, e[...]
Sterling office complex sells for $15.375M
An affiliate of Baltimore, Maryland-based commercial real estate firm Klein Enterprises purchased a 95,282-square-foot office complex in Loudoun County’s Sterling area for $15.375 million, commercial real estate company Avison Young, which negotiated the sale, announced Monday. The property is located at 45745 Nokes Blvd. [...]
Virginia Beach-based Towne Insurance promotes executive leaders
Virginia Beach-based independent insurance agency Towne Insurance has promoted multiple executives in leadership positions. Towne Insurance CFO Boyd Griffin was promoted to executive vice president and will retain his duties as CFO. Chris Rogerson was appointed as chief operating officer. Rogerson joined the agency in 2017 as vice president and manager of the select business […]
Virginia Tech Innovation Campus names Cornell dean as executive director
Lance R. Collins, the Joseph Silbert Dean of Engineering at Cornell University, has been selected as the first vice president and executive director of Virginia Tech’s $1 billion Innovation Campus, which is set to open in Alexandria’s North Potomac Yard area in the fall. He will join Virginia Tech as of Aug. 1. The Innov[...]
Artificial intelligence firm opens U.S. headquarters in McLean
Belgium-based artificial intelligence platform developer and educator Omina Technologies has opened its new U.S. headquarters in McLean. Financial terms of the headquarters have not been released. Founded in 2016, Omina currently has an office in Miami. North America CEO Brian Alexander said in a statement that the company decid[...]
Former Chesapeake restaurant building sells for $1.45M
A former Chesapeake restaurant building was sold for $1.45 million, real estate agency Cushman & Wakefield | Thalhimer announced Wednesday. The 5,022-square-foot building sits on more than two acres of land at 401 Cedar Commons in Chesapeake located in close proximity to the Chesapeake Golf Club. Matthews, North Carolina-based SXCW Properties II LLC purchased the […]
Boys & Girls Clubs of Metro Richmond purchases former shopping center for $1.025M
The Boys & Girls Clubs of Metro Richmond purchased the former Eastlawn Shopping Center in Richmond’s East End for $1.025 million and will convert it into a center for the clubs’ programming, the organization announced Monday. The youth nonprofit purchased the facility from the Richmond Redevelopment and Housing Authority in 2019 using funds from the […]
Newport News Redevelopment and Housing Authority names vice chairman
Kenneth D. Penrose Jr. has been elected as vice chairman for the Newport News Redevelopment and Housing Authority for the 2020-year term, commercial real estate firm Cushman & Wakefield | Thalhimer announced Jan. 28. Penrose has been with Cushman & Wakefield | Thalhimer since 2000. He currently serves as vice president of commercial sales and […]
Recruitment pitch
The lowest U.S. unemployment rate in 50 years isn’t slowing down the companies honored as this year’s Best Places to Work in Virginia. The winners find plenty of applicants are attracted to their good pay and supportive cultures. For example, Burns & McDonnell, a global architecture, engineering and construction company [...]
Colonial Williamsburg hires Fleet
Former Philip Morris USA President and CEO Cliff Fleet took over as the ninth president and CEO of the Colonial Williamsburg Foundation on Jan. 1. Virginia Business reported in September 2019 that Fleet’s predecessor, Mitchell Reiss, was stepping down after five years at the helm of the historic tourism foundation. Colonial Wi[...]
The Land of OZ
Anybody up for pickleball? Barrett Worthington and Megan Charity hope so. Business partners based in Charlottesville, Worthington and Charity are among Virginia’s opportunity zone pioneers. They hope to build an $8 million entertainment complex called Rally, containing a restaurant, beer garden and courts for pickleball — a [...]
A larger rotunda
Alita Robinson, a second-year University of Virginia student from Delaware, delivers a personal message when she calls potential donors seeking support for financial aid programs. “I always tell people the only reason I’m at U.Va. and have these opportunities … is because I got a scholarship,” says Robinson, who plans to[...]
