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Hampton Roads home sales down in November
Home sales in Hampton Roads were down in November, both compared with October and November 2022, the Real Estate Information Network (REIN) reported in December. A total of 1,690 settled sales were down 10.77% from October and 12.12% from November 2022, according to REIN. Pending sales were also down 7.69% compared with October [...]
Bon Secours tops off new Suffolk hospital
Bon Secours held a topping-out ceremony Thursday for its $80 million, 98,000-square-foot hospital, Harbour View Medical Center, in Suffolk, expected to be completed in 2025. The surgically focused hospital will have 18 medical/surgical beds and four operating rooms and serve as an extension of the services offered on the campus,[...]
Roanoke apartment complex sells for $7.25M
Mount Pleasant Villas apartments, a 90-unit community in Roanoke, has changed hands. Raleigh, North Carolina-based Sweetbay Capital, a real estate private equity firm, acquired the apartment complex from JC Capital Rutrough for $7.25 million in early December, according to Cushman & Wakefield | Thalhimer. It’s the compan[...]
Henrico greenlights $450M live-work-play community
The Henrico County Board of Supervisors on Dec. 12 greenlit Kinsale Center, a massive redevelopment project in the Willow Lawn area from insurance company Kinsale Capital Group and Richmond-based Marchetti Development. The $450 million mixed-use development is expected to bring nearly 700 residences, an eight-story “high e[...]
Riddle Associates names new president
Riddle Associates, a Chesapeake-based commercial industrial real estate brokerage, promoted Lindsey Riddle Elliott to president and principal broker in November, the brokerage announced Wednesday. Elliott formerly served as executive vice president and has been with Riddle for 15 years. She replaces her father, Robert L. Riddle,[...]
Framatome plans $49.4M expansion, creating 515 jobs
Framatome, a French nuclear power company with its United States headquarters in Lynchburg, will invest $49.4 million to expand, modernize and enhance its facilities, creating an estimated 515 jobs, Gov. Glenn Youngkin announced Thursday. The expansion will meet increased demand for servicing existing nuclear power plants and de[...]
Wizards, Capitals plan move to Alexandria in $2B deal
The Washington Capitals and Washington Wizards are planning a move across the Potomac River to a new home in Alexandria in a $2 billion deal that would see the professional sports franchises exit Washington, D.C., by 2028, Virginia Gov. Glenn Youngkin announced early Wednesday. The nonbinding agreement to build a new arena for t[...]
3 Va. universities make top 100 in national R&D rankings
The University of Virginia, Virginia Tech and Virginia Commonwealth University landed in the top 100 in the National Science Foundation’s fiscal 2022 rankings by expenditures on research and development. NSF determines the rankings with data from its annual Higher Education Research and Development Survey, which surveys U.S. c[...]
JLARC: GO Virginia’s economic impact positive but undefined
The state’s GO Virginia economic development initiative is likely improving regional collaboration and having positive economic impacts, but those can’t be reliably determined, according to a Joint Legislative Audit and Review Commission report presented Monday. In 2022, JLARC directed staff to review GO Virginia, which [...]
SAIC reorganizes C-suite, with changes effective in Feb.
Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) announced Monday that it is reorganizing its business, leading to four executives’ promotions and the departure of two others, effective Feb. 2, 2024. SAIC’s defense and civilian sector and national security and space sector will be replaced by five new business groups: Army, Navy, Air […][...]
New Transurban North Am. prez comes from public sector
Beau Memory, Transurban’s new North America president, joined the Australian transportation company that operates express toll lanes in Northern Virginia in November with more than 20 years of public-sector transportation experience. In an interview last week with Virginia Business, the Tysons-based Memory says he’s [...]
Torc hires chief information security officer
Blacksburg-based self-driving truck company Torc Robotics, a subsidiary of Daimler Truck, hired Summer Craze Fowler as chief information security officer, the company announced Tuesday. Fowler joins Torc after serving as senior vice president of cybersecurity and IT at Boston-based driverless vehicle company Motional and leading[...]
