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U.Va. receives $50M gift for new performing arts center
The University of Virginia announced Friday it has received a $50 million lead gift to build a performing arts center, a donation by Tessa Ader, a prominent Charlottesville-area philanthropist who serves on the Fralin Museum of Art advisory board at U.Va. “My late husband, Richard, and I long felt that a state-of-the-art perfo[...]
Fahrenheit Advisors adds two managing directors
Richmond-based Fahrenheit Advisors has added two executives to its leadership team. Mark Vita will join the management consulting firm as managing director and will lead the firm’s business advisory and finance and accounting practices. John Atkinson will also be a managing director and lead the firm’s new sales tran[...]
Charleston developer breaks ground on mixed-use building in Richmond
Charleston, South Carolina-based real estate development company The Beach Co. announced Tuesday that it had broken ground on a 1.65-acre mixed-use development in Richmond called Tidewater, which has an expected completion of spring 2023. Located in the Manchester neighborhood at 700 Semmes Ave., the six-story development will h[...]
Va. Community Capital names new president and CEO
Richmond-based nonprofit Virginia Community Capital (VCC) has hired Amir Kirkwood as its president and CEO, following founding executive director Jane Henderson’s January announcement of her retirement. He will assume the role on Nov. 1. “I am excited about Amir’s choice to join our organization,” Henderson said in a[...]
Genworth completes IPO for mortgage insurance subsidiary
Henrico County-based Fortune 500 insurer Genworth Financial Inc. completed the once-delayed initial public offering of its mortgage insurance subsidiary, Raleigh, North Carolina-based Enact Holdings Inc., it announced Monday. Between the IPO and a private sale of shares, Genworth received aggregate net proceeds of about $535 million after underwriters’ fees but before other expenses. Genworth Holdings […][...]
VCU poll shows McAuliffe with 9-point lead in governor’s race
A new statewide poll from Virginia Commonwealth University shows Democratic former Virginia Gov. Terry McAuliffe with a nine-point lead over Republican gubernatorial candidate Glenn Youngkin, a far different take than the much tighter race indicated by a Washington Post-George Mason University poll released Saturday. VCU’s[...]
Louisa, Caroline mobile home parks sell for $3.7M
Six-0-Five Village Mobile Home Park in Louisa and The Hill Mobile Home Park in Bowling Green sold for $3.7 million. HOA LLC purchased the mobile home park at 1 Zarin Avenue off Route 522 and Route 33. and the 12-acre The Hill Mobile Home Park on S. Main Street from Six-0-Five Mobile Home Group LLC. […]
28 acres in Chesterfield sells for $4.233M
About 28 acres of land in Chesterfield County sold for $4.233 million on Sept. 16, Cushman & Wakefield | Thalhimer announced Thursday. The land is located at Hull Street Road and Route 288. Rebkee Partners and affiliates purchased the acreage from 360 Capital Partners. David M. Smith of Cushman & Wakefield | Thalhimer re[...]
Industrial building in Va. Beach sells for $6.15M
An 83,200-square-foot industrial building in Virginia Beach has sold for $6.15 million. Eisner Family Limited Partnership and Bart M. Eisner 2019 Irrevocable Trust purchased the building on 4.697 acres at 5721 Bayside Road in Virginia Beach from Chiap Hua Inc. The purchaser plans to hold the property as a long term investment. S[...]
Dominion Energy proposes solar, energy storage projects
As it works towards a state mandate for producing electricity from carbon-free sources by 2045, Dominion Energy Virginia has acquired a 20-megawatt battery storage facility in Chesterfield County from Charlottesville-based energy storage developer East Point Energy, according to a Sept. 16 announcement from the Richmond-based Fo[...]
U.Va. Credit Union president and CEO to retire
Alison DeTuncq, who has served 22 years as president and CEO of the University of Virginia Community Credit Union in Charlottesville, plans to retire in May 2022, the institution announced this week. She started her career at the credit union 32 years ago, and during her tenure as its leader, the credit union’s assets grew[...]
U.Va. adds real estate minor in commerce school
The University of Virginia will start offering a real estate minor for the first time this spring. The 15-credit interdisciplinary minor, housed within the McIntire School of Commerce, will be taught by faculty across multiple areas, including the College of Arts & Sciences, the School of Architecture, the School of Engineer[...]
