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Armada Hoffler buys Richmond apartment complex for $25M
Virginia Beach-based Armada Hoffler Properties Inc. announced last week it has completed the $25 million acquisition of the Edison Apartments in Richmond. The 174-unit, 12-story property was originally built in 1919 as the headquarters for the Virginia Electric and Power Co. (now Dominion Energy Inc.) and was renovated and rep[...]
Divaris names senior VP, office leasing
Virginia Beach-based real estate company Divaris Real Estate Inc. announced last week that it has hired Trib Sutton as senior vice president of office leasing in its Richmond office. Sutton joined Divaris after 21 years with commercial real estate firm CBRE | Richmond, where he handled tenant and landlord representation, inves[...]
Black Lives Matter renews interest in Richmond’s Black culture and history
RICHMOND, Va. – The Black Lives Matter movement has helped renew interest in Richmond‘s African American culture and history, according to community leaders. BLK RVA is an initiative launched in August 2019 between Richmond Region Tourism and 20 community leaders to highlight historic African American tourist attractions[...]
Charlottesville solar company acquires Calif. firm
Charlottesville-based Sigora Solar announced Wednesday it has acquired Rancho Cordova, California-based Aztec Solar. Terms of the transaction were not disclosed. “Through the strategic acquisition of Aztec Solar, Sigora is realizing our goal to be a national leader in energy,” Sigora Solar CEO Logan Landry said in a statement. “We at Sigora are driven by a […]
Danish company to establish $1.35M manufacturing facility in Henrico
Gov. Ralph Northam announced Wednesday that Danish manufacturer Rose Holm will invest $1.35 million to establish its first U.S. facility in Henrico County, creating 10 jobs. Rose Holm produces threaded bolts for the food and beverage, wind power and heat exchange industries in Northern Europe. The new operation will allow the company to further its […]
Va. to expand networking program to new regions
During the next two years Virginia will invest $1.7 million to expand the Network2Work workforce development initiative, Gov. Ralph Northam announced Tuesday. The commonwealth will partner with the Virginia Community College System to pilot the Network2Work model in the Shenandoah Valley, Hampton Roads and greater Richmond regions. Network2Work was established by Piedmont Virginia Community College […][...]
Richmond extends deadline for small business, nonprofit relief program
The city of Richmond has extended the deadline for its Richmond Recovers Grant Program, giving small businesses and nonprofits until Oct. 19 to apply for grants ranging from $10,000 to $15,000, Richmond Mayor Levar Stoney’s office announced Tuesday. The city allocated $3 million of its federal CARES Act funding to the program, which has $1.68 […]
Charlottesville cybersecurity company names defense president
Charlottesville-based cybersecurity technology company Mission Secure Inc. announced Tuesday it has appointed Bob McAleer as president of Mission Secure Defense. A U.S. Army and industry veteran, McAleer most recently served as chief operating officer for Nashville, Tennessee-based Military System Group, which designs and manufa[...]
Henrico office building sells for $1.1M
A 17,112-square-foot office building in Henrico County sold for $1.1 million, commercial real estate brokerage firm Marcus & Millichap announced last week. Located at 2120 Staples Mill Road, the building was constructed in 1974 and sits on 0.73 acres. The building was vacant at the time of the sale, and the new owners plan o[...]
Former Salvation Army thrift store sells for $2.4M in Chesterfield
A 15,600-square-foot commercial building in Midlothian sold for $2.4 million, Glen Allen-based commercial real estate consulting and brokerage firm Taylor Long Properties announced last week. Located at 11000 Midlothian Turnpike in North Chesterfield, 11000 Midlothian Turnpike LLC purchased the building from The Salvation Army. [...]
ASGN Inc. buys Fredericksburg data science firm
ASGN Inc., which is moving its headquarters from California to Henrico County this month, announced Tuesday it has acquired Fredericksburg-based remote sensing and data science provider Skyris Inc. Terms of the transaction were not disclosed. ASGN is the parent company of Glen Allen-based recruiting firm Apex Systems LLC. The acquisition will allow ASGN to provide […]
Universal Corp. completes acquisition of dehydrated foods company
Richmond-based international tobacco leaf supply company Universal Corp. announced Thursday it has completed the acquisition of Momence, Illinois-based dehydrated vegetable, fruit and herb processing company Silva International for $170 million in cash. The acquisition was previously announced in early September. Silva will operate as part of Universal’s plant-based ingredients platform, which includes FruitSmart Inc. (which [&h[...]
