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Parking repeal gives developers space
Opening a small business is never easy, but for many Richmond entrepreneurs, the city’s previous minimum parking requirements added extra hassle. Two years ago, when restaurant Africanne on Main relocated from its longtime downtown location to a spot near Virginia Commonwealth University’s Monroe Park Campus, city pa[...]
$77.8M apartments break ground outside C-ville
Charlottesville-based GW Real Estate Partners, a vertically integrated multifamily construction and development firm, and Austin, Texas-based Virtus Real Estate Capital, have broken ground on a new, $77.8 million apartment community at the entrance to North Pointe, a 224-acre mixed-use community near Rivanna Station in Albemarle[...]
Richmond casino returning to Nov. ballots
It wasn’t exactly a surprise, but the Virginia Lottery and the Richmond Circuit Court have approved Richmond’s do-over casino referendum to appear on ballots this fall. “I am excited to see the Virginia Lottery and the Richmond Circuit Court approve the referendum for a Richmond destination resort and entertainment[...]
Atlantic Union to acquire American National Bank
Updated 4:15 p.m. July 25 Richmond-based Atlantic Union Bank’s parent company announced Tuesday that it has entered into an agreement to acquire American National Bankshares Inc., which is headquartered in Danville and is the holding company of American National Bank and Trust Co. The combined bank will have total assets o[...]
Nanotech company to invest $2.9M in C-ville expansion
Laser Thermal, a nanotechnology company spun out of the University of Virginia, will spend $2.9 million and add 28 jobs at its manufacturing, research and development facility in Charlottesville, Gov. Glenn Youngkin announced Monday. The company provides testing services to companies wanting to understand thermal properties at t[...]
CFA Institute sells Charlottesville HQ for $21.9M
The Charlottesville headquarters of CFA Institute sold for $21.9 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 150,000-square-foot office building, at 915 E. High St., is the former Martha Jefferson Hospital, which opened in 1904, according to Cvillepedia. CFA Institute, a nonprofit association of investmen[...]
Dominion sells interest in Md. LNG facility for $3.5B
Dominion Energy Inc. has sold its remaining interest in the Cove Point natural gas liquefaction facility in Maryland to Berkshire Hathaway Energy for $3.5 billion, the Richmond-based Fortune 500 utility announced Monday. Dominion will clear about $200 million from the sale, according to a company news release. Total after-tax proceeds of about $3.3 billion will […]
Richmond riverfront amphitheater gets green light
Construction could begin this summer on a $30 million, 7,500-person amphitheater overlooking the James River. On June 12, Richmond City Council approved a 20-year performance grant that gives Red Light Ventures LLC the green light to build its proposed amphitheater on four acres of land it will rent from NewMarket Corp. behind t[...]
Breeden finishes projects in Albemarle, Chester, Petersburg
The Breeden Co. has completed construction on an 10-building apartment community in Albemarle County and has broken ground on a Virginia Beach apartment complex, and its subsidiary, Breeden Construction, has finished apartment communities in Chester and Petersburg. Completed in June, Berkmar Landing apartments in Albemarle has 2[...]
Buc-ee’s to open in New Kent by 2025
It’s official. Buc-ee’s, the Texas-size travel center chain, completed its purchase of property in New Kent County and will open its first Virginia location in the next two years, with three more slated across the state, S.L. Nusbaum Realty Co. said in a news release. A groundbreaking date for the New Kent site has n[...]
Carpenter acquires Belgian foams biz for $468M
Richmond-based Carpenter Co. has completed its acquisition of Belgium-based Recticel’s engineered foams division for $468 million, a deal that makes makes Carpenter the world’s largest vertically integrated manufacturer of polyurethane foams and specialty polymer products, the company announced Wednesday. Founded in 1950, Carpenter is a manufacturer and supplier of foam, fiber and chemicals used in “comfort […][...]
Richmond ad agency Yebo announces closure after 35 years
Formerly known as the Barber Martin Agency, Richmond-based Yebo has announced its closure after 35 years. The firm changed its name to Yebo, pronounced “Yay-bow,” in early 2020 to better reflect the firm’s mission. The name means “yes” in the Zulu language of Southern African, which includes Zimbabwe, birth nation of Yebo President and CEO […]
