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Richmond commercial property sells for $1.8M
Commercial parcels in the Scott’s Addition neighborhood in Richmond sold for $1.8 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Capital Square 1031 LLC purchased 21,700 square feet (0.5 acres) located at 3001-3009 W. Leigh St. in Richmond from Cash Properties to build a three-building mixed-use complex. Based in Glen Allen, Capital Square specializes […]
Tysons cloud computing firm acquires Spanish software company
Tysons-based cloud computing company Appian Corp. has acquired Seville, Spain-based software company Novayre Solutions SL, developer of the Jidoka Robotic Process Automation (RPA) platform. Financial terms of the acquisition were not released. RPA is the use of specialized computer programs to automate repeatable business processes. Using RPA, companies can process transactions, manipulate data, trigger responses […][...]
Bipartisan bill seeks to demonopolize state electric energy market
State Dels. Mark Keam, D-Fairfax, and Lee Ware, R-Powhatan, held a press conference Tuesday to announce a bipartisan legislative effort to demonopolize Virginia’s electric energy market. The Virginia Energy Reform Act — which does not yet have a bill number —would establish a competitive market for electricity retailer[...]
DuPont Spruance facility plans $75M expansion in Chesterfield
Technology-based materials producer DuPont de Nemours Inc. will invest $75 million to expand and modernize its Kevlar manufacturing plant in Chesterfield County over the next several years, Gov. Ralph Northam announced Tuesday. The DuPont Spruance factory employs 2,000 people and will add 60 more jobs as a result of the expansion. The plant, which opened […]
Retail building sells for $3.45M in Roanoke
A retail building in Roanoke occupied by Ollie’s Bargain Outlet has sold for $3.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. The building was previously occupied by Toys “R” Us until Ollie’s, a Pennsylvania-based discount retail chain, took over the lease in 201[...]
Spotsylvania shopping center sells for $2.55M
Fairfax-based Yims Icon Property LLC purchased Lee’s Hill Retail Center in Spotsylvania County for $2.55 million, Cushman & Wakefield | Thalhimer announced Tuesday. The retail center located at 10651-10673 Spotsylvania Ave. was fully leased at the time of the purchase. The 14,500-square-foot property sits on 1.85 acres[...]
Whole Foods Market Richmond announces grand opening
Whole Foods Market will open its long-anticipated Richmond store at 9 a.m. on Jan. 30, the Amazon.com Inc.-owned supermarket chain announced Tuesday. Construction on the 47,000-square-foot store built on the location of the former Pleasants Hardware store at 2024 W. Broad St. in Richmond’s Fan District began in spring 2018[...]
State Democrats unveil 2020 legislative agenda
Gov. Ralph Northam and the leaders of the state legislature’s new Democratic majority unveiled their 11-point ‘Virginia 2020 Plan’ for the General Assembly session that begins Wednesday. House Speaker-designee Eileen Filler-Corn, incoming Senate Majority Leader Richard L. Saslaw, incoming House Majority Leader Charniele Herring and incoming Senate Caucus Chair Mamie Locke announced the plan with […][...]
Virginia Department of Medical Assistance Services names chief deputy
Ellen Montz was named chief deputy for the Virginia Department of Medical Assistance Services (DMAS) as of Jan. 3, DMAS announced Tuesday. Montz will be second-in-command for the agency, which oversees the state’s Medicaid program and the Children’s Health Insurance Program (CHIP). She will maintain her role as the agency’s chief health economist and director […]
Dominion chooses turbine supplier for $7.8B offshore wind farm
Richmond-based Dominion Energy has selected Spanish renewable energy engineering company Siemens Gamesa Renewable Energy S.A. as the preferred turbine supplier for its proposed $7.8 billion offshore wind farm off the coast of Virginia Beach, Dominion announced Tuesday. Dominion announced plans in September 2019 to build a 220-tu[...]
Hampton retail property sells for $2.2M
Hampton-based Long76W LLC bought a 12,752-square-foot retail property in Hampton for $2.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The property was 100% leased to Safelite Auto Glass and West Marine at the time of the sale of 2121 W. Mercury Blvd., and was owned by Virginia Bea[...]
InMotion Hosting buys Va. Beach offices for $8.5M
Web hosting company InMotion Hosting has purchased a Virginia Beach office building previously occupied by Stratford University for $8.5 million, Cushman & Wakefield | Thalhimer announced Monday. InMotion Hosting bought the a 61,528-square-foot class A office property from Campus Realty Virginia Beach LLC. The for-profit S[...]
