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Three Lynchburg apartment buildings sell for $8.2M
Three apartment buildings within the Cornerstone community in Lynchburg sold for $8.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The buildings, located at 301 Rotunda St., 121 Colonnade St. and 101 Colonnade St. were built in 2012. They contain a total of 68 apartment units — 46 tw[...]
Richmond consulting firm hires SVP of data and analytics
Richmond-based IT consulting firm UDig has hired Reid Colson as its senior vice president of data and analytics, it announced Tuesday. “With Reid on our team, we are excited to help clients seize opportunities, from creating a single version of the truth to driving value via predictive analytics and machine learning,”[...]
GreenCity arena hopes to draw sports, music acts
When developers unsuccessfully pitched Navy Hill, a $1.5 billion mixed-use project and arena that sought to reinvent Richmond’s downtown, they posed a question: If a major draw like Beyoncé came to town, where would she perform? Now those same developers are aiming to host artists like Justin Timberlake, Green Day and John Le[...]
Richmond hostel sells for $1.8M
The former HI Richmond Hostel sold for $1.8 million, S.L. Nusbaum Realty Co. announced. Located at 7 N 2nd St., the 13,704-square-foot building is expected to remain a hostel. Potomac Area Hostels Inc. bought the building from American Youth Hostels Inc. Thomas Langston and David T. Kalman with S. L. Nusbaum represented the buyer.
Trane distribution facility in Midlothian sells for $14.15M
Fairfax-based Peterson Cos., known for developing National Harbor in Maryland, closed Thursday on its $14.15 million purchase of an off-market distribution facility in Midlothian. The 83,025-square-foot facility, located at 14000 Justice Road, sits on a nine-acre parcel. It was constructed for Ingersoll Rand dba Trane Technologi[...]
More Va. health systems announce vaccine mandates
Major hospital systems in Hampton Roads and Central Virginia announced Wednesday that they will require all employees to be fully vaccinated against COVID-19. In Hampton Roads, Chesapeake Regional Healthcare, Children’s Hospital of The King’s Daughters, Riverside Health System and Sentara Healthcare jointly announced the r[...]
Hanover Harley Davidson building sells for $2.9M
A Hanover property that will become the new Peebles Golf Cars headquarters sold for $2.9 million, Colliers | Virginia announced Monday. Located at 10441 Washington Highway, the facility sits on 5.3 acres. Peebles Golf Cars will move its headquarters from Glen Allen to the 31,815-square-foot property. Old Washington Highway LLC b[...]
Capital Square buys Chesterfield apartment complex for $86M
Henrico County-based Capital Square 1031 purchased the Livingston Apartment Flats in Chesterfield County from Cosby Village Residences LLC for $86 million earlier this month. Whitson Huffman, Capital Square’s chief strategy and investment officer, noted that Chesterfield’s population grew 11% between 2010 and 2019 an[...]
Piedmont Virginia Community College president to retire
Frank Friedman, the president of Piedmont Virginia Community College, will retire in May 2022, the school announced this week. Friedman, the Albemarle County college’s fifth president, has been at the top since 1999. Virginia Community College System Chancellor Glenn DuBois and the PVCC board will conduct a national search[...]
Virginia Health Information CEO to retire
Michael T. Lundberg, the founding CEO of Virginia Health Information, has announced his retirement at the end of October. Lundberg, whose last day is Oct. 31, has been with Richmond-based nonprofit health care data organization since its founding in 1993 and led VHI from a $300,000-per-year organization to one anticipating more [...]
ASGN sells Oxford Global Resources for $525M
Glen Allen-based ASGN Inc. has sold its Oxford Global Resources LLC subsidiary to an affiliate of Miami-based private equity firm H.I.G. Capital for a total cash consideration of $525 million, ASGN announced Wednesday. Based in Massachusetts, Oxford is a staffing and consulting company with offices across North America. ASGN retained Sullivan & Cromwell LLP as […]
Danville Pittsylvania chamber leader leaving for U.Va. job
Alexis Ehrhardt, president and CEO of the Danville Pittsylvania County Chamber of Commerce, will leave for a job at the University of Virginia, the chamber announced Wednesday. In her new role at U.Va., she will be the executive director for state government relations and special assistant to the president. Her last day at the c[...]
