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Industrial building sells for $2.5M in Richmond
An industrial building in Richmond sold for $2.5 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 2400 Maury St. in Richmond’s Manchester area, the 19,156-square-foot building sits on more than 9 acres of land. The building was previously leased to Esf Trailer Systems LLC, which sold cargo and fl[...]
Pandemic housing market has fewer sellers, higher sales prices
Virginia Business virtually sat down with Larry “Boomer” Foster, president of Long & Foster Real Estate, to get the current pulse on the real estate market in Virginia. The most recent data published was reflective of March real estate transactions in Northern Virginia, but Foster shared insight from the most up-to-date [...]
Hampden-Sydney College receives $2.45M in anonymous donations
Hampden-Sydney College announced Friday that it received two anonymous gifts totaling $2.45 million to establish a biology laboratory and add to the college’s need-based scholarship funding. A $1 million gift will establish the Hinton Baxter Overcash Immersive Biology Laboratory in the Pauley Science Center, which is exp[...]
American Family Fitness building in Henrico sells for $4.1M
An outparcel building at Virginia Center Commons Mall, which is leased to American Family Fitness, sold for $4.1 million, Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Thursday. The 86,627-square-foot building is located at 10101 Brook Road in Glen Allen and has been leased to American Family Fitness for [...]
Chester shopping center sells for $4.04M
A shopping center in Chester has sold for $4.04 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The strip mall, Centralia Crossing, is located at 9801 Chester Road and its anchor tenant is Food Lion, which recently extended its lease. The property sold by Berman Kappler Properties was [...]
Protesters bring the noise, demand to reopen Virginia
RICHMOND, Va. — Horns blared and flags waved from vehicle windows as hundreds of Virginians converged Wednesday on Capitol Square to protest restrictions implemented by Gov. Ralph Northam during the COVID-19 pandemic. Protesters reiterated the message of similar demonstrations taking place in state capitals across the coun[...]
Focused Ultrasound Foundation names managing director
The Focused Ultrasound Foundation, based in Charlottesville, announced Tuesday that it has named Patrick Edelmann as its managing director. Edelmann was most recently an executive at New York City-based investment management company BlackRock Inc. He received his bachelor’s degree from Vanderbilt University and his master’[...]
Charlottesville Chamber launches local economic recovery initiative
The Charlottesville Regional Chamber of Commerce on Tuesday announced the launch of Project Rebound, a local economic recovery initiative to address the COVID-19 economic crisis. The project, hosted by The Chamber and economic offices at the University of Virginia, Albemarle County and the city of Charlottesville, aims to bring together local businesses to discuss challenges […]
Offshore wind components headed from Europe
Richmond-based Dominion Energy Inc. and Denmark-based Ørsted A/S announced Tuesday that major components of its $300 million Coastal Virginia Offshore Wind (CVOW) pilot project are being shipped to North America — which is on-schedule, despite the pandemic. Major components for the two, massive 6-megawatt Siemens Gamesa offsh[...]
The Hilb Group acquires book of business from payroll services company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of a book of business from Cleveland-based payroll services company CBIZ Inc. The transaction was effective April 1. THG also hired CBIZ’s business unit president Peter Tarmey as a producer at THG. Tarmey is currently based in C[...]
Facebook opens applications for Va. small business grants Wednesday
Facebook Inc. announced Tuesday that it will begin taking applications for its small business grant program in Virginia on Wednesday, April 22. The social media giant opened the program to more than 30,000 businesses in more than 30 countries, including the United States, totaling $100 million. Thirty-one businesses in the Richmond region will receive a […]
Virginia is ‘pivoting away’ from field hospitals
Virginia is “pivoting away” from needing field hospitals to handle patient overflow because health systems believe they’ll be able to manage any surge in COVID-19 cases, said Dr. Danny Avula, the director of Richmond and Henrico County’s health departments, Friday evening. “We have not seen any significant increase in [...]
