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Five-building industrial portfolio sells for $9M
A five-building industrial portfolio with buildings in Harrisonburg, Chesterfield County, Newport News, Virginia Beach and Durham, North Carolina, sold for just over $9 million Thursday, Glen Allen-based commercial real estate firm Commonwealth Commercial Partners LLC (CCP) announced. ESAP LLC sold the portfolio to Drakadia Hold[...]
U.Va. to offer $50M more in scholarships
The University of Virginia will invest another $50 million in matching funds through the Bicentennial Scholarship Fund, U.Va. President Jim Ryan said last week. Established in 2016 with an initial $100 million investment, the fund matches philanthropic commitments toward scholarships, both need- and merit-based. Donors have comm[...]
Sauer Brands buys independent salsa brand
Richmond-based Sauer Brands Inc. is expanding into salsa with the acquisition of Frisco, Texas-based Mateo’s Gourmet Salsa, the company announced Thursday. Sauer Brands, which owns Duke’s Mayonnaise, The Spice Hunter, Kernel Season’s and its own line of spices and seasoning, did not disclose the financial terms of the deal[...]
Richmond casino plan goes to polls
Early voting is underway across Virginia, and in Richmond, residents will also decide by Nov. 2 whether Silver Spring, Maryland-based Urban One Inc. can establish its proposed $565 million ONE Casino + Resort in the city. Urban One CEO Alfred Liggins has high hopes for what could be the nation’s only majority Black-owned casin[...]
Bedford County names new economic development director
Pam Bailey will be the new Bedford County Economic Development director, County Administrator Robert Hiss announced Monday. She had been serving as the interim director. “Pam brings energy, passion and creativity, along with a high work ethic, to this position,” Hess said in a statement. “I’ve been completely impressed w[...]
VCU Massey Cancer Center wins $3.3M grant for lung cancer research center
The Virginia Commonwealth University Massey Cancer Center won a $3.3 million Specialized Program of Research Excellence (SPORE) grant to establish a research center on lung cancer disparities from the National Cancer Institute last week. The Translational Research Center in Lung Cancer Disparities (TRACER) will study the disprop[...]
Murphy & McGonigle appoints new Va. managing partner
New York-based financial services law firm Murphy & McGonigle announced Monday that Katherine McGrail, its litigation shareholder and chief diversity, equity and inclusion officer, will become the new managing partner of its Virginia office, located in Glen Allen. She will serve on the executive committee. “The perspective[...]
Va. launches Amtrak service from downtown Richmond to D.C. and New York
Virginia is launching the Amtrak Northeast Regional Route 51, a thrice daily service from downtown Richmond to Washington D.C. and New York, Gov. Ralph Northam announced Monday from Main Street Station. “If you’ve ever been stuck on I-95, you know we can’t pave our way out of congestion,” Northam said in a statem[...]
Chesterfield hires director of real estate assessments
Chesterfield County has hired Melvin Bloomfield to be its director of real estate assessments. Bloomfield has been Richmond’s deputy director of real estate assessments for the past seven years. He begins his new role Oct. 4. “We are ecstatic to have Mel joining the Chesterfield family. He brings a wealth of expertise and experience that […]
Primis Bank selling minority interest back to Southern Trust Mortgage
Glen Allen-based Primis Bank, a wholly-owned subsidiary of McLean-based Primis Financial Corp., entered into an agreement to sell its minority interest back to Virginia Beach-based Southern Trust Mortgage LLC (STM), it announced Thursday. Primis Financial Corp. expects to record a pre-tax charge of about $2.9 million in the third quarter. STM will repurchase all of […]
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[...]
