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Back to work
Although the nation’s commercial real estate market is still lagging for the most part, that isn’t the case in Charlottesville, where fresh new multiuse projects have perked up interest in workspaces. The nationwide vacancy rate for office space in the first quarter of 2022 was a rather dreary 15.7%, according to Yardi Matri[...]
Ad agency spotlights historic editor, businessman
The life of 19th century Richmond Planet newspaper editor John Mitchell Jr. — who fearlessly railed against lynching and segregation — will be showcased in a documentary debuting at the 11th annual Richmond International Film Festival on June 10. Mitchell became editor of the Richmond Planet at 21, two years after the paper�[...]
Gift of a lifetime
For Dr. Todd Stravitz, February was an opportune time to make the largest gift in the history of Virginia Commonwealth University — a $104 million donation to support liver research. The retired medical director of VCU Health’s Hume-Lee Transplant Center, Stravitz is an heir to the Boar’s Head Provisions Co. Inc. fortune. [...]
Albemarle’s industrial age
In Albemarle County, industrial space, not office or retail, “has been the bright spot in commercial real estate” in terms of demand, says Lisa Sturtevant, research leader at Bright MLS Inc. “All of a sudden, there’s been a big rush for industrial space,” she says, but adds, “Good luck in finding it right now.” Albemarle […]
VCU Massey Center names internship for attorney
Virginia Commonwealth University’s Massey Cancer Center has established an internship named for Hunton Andrews Kurth LLP Partner Rudene Mercer Haynes, the law firm announced last week. “I am humbled by this honor and pledge to continue my support of the live-saving and life-changing work performed by the brilliant clinic[...]
McKinnon and Harris names president
Richmond-based outdoor furniture maker McKinnon and Harris has promoted Ken Dail to president, the company announced Tuesday. Co-founder Will Massie will become CEO and continue to play an active role in new product development and progressing the company’s long-term vision. Dail has been at McKinnon and Harris for 12 years and most recently served as […]
VCU Medical Center appoints chief nursing officer
VCU Medical Center has named Tina Mammone its new chief nursing officer, the Richmond-based medical campus for Virginia Commonwealth University announced Tuesday. She begins Aug. 7. Mammone joins from Providence St. Vincent Medical Center in Portland, Oregon, where she is currently serving in the same role. There, she is credite[...]
Breeden breaks ground on Richmond apartments
The Breeden Co. has broken ground on a $21 million expansion at The Village at Westlake Apartments in Richmond, the Virginia Beach-based real estate development and management company announced Wednesday. The complex currently has 252 units across 12 buildings. The expansion will include five buildings with 120 two- and three-be[...]
Bio-plastic startup wins Lighthouse Labs pitch contest
While pitching to the sharks, entrepreneur Alec Brewer told them, “I do have white powder in my pocket,” before quickly clarifying that it wasn’t an illicit substance: “It’s PHB! It’s PHB!” Brewer passed the vial over for the sharks’ inspection during his Lighthouse Labs Demo Day pitch Thursday for his company, O[...]
Campbell County apartments sell for $4.3M
Moss Creek Apartments in the Campbell County community of Forest has been sold for $4.3 million, Cushman & Wakefield | Thalhimer announced earlier in May. The property includes 15 quad buildings built in 1984 and 60 two-bedroom apartments. Heights Properties LLC acquired the property from Moss Creek Apartments LLC on May 3 a[...]
West Creek Medical Park land sells for $3.7M
Emerson Ventures LLC has purchased 7.68 acres of land within the West Creek Medical Park in Goochland County and plans to develop a medical office building. Lingerfelt Commonwealth Partners sold the land, located at 1612 Wilkes Ridge Parkway, for $3.7 million, according to Cushman & Wakefield | Thalhimer, which announced the[...]
Capital Square promotes two executives
Capital Square has promoted Michael Ollinger to senior vice president of construction and development, and Victoria Coates to vice president of acquisition and development, the Henrico County-based real estate investment firm announced Thursday. Both started at Capital Square in 2020, Ollinger as vice president of construction a[...]
