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SimpliSafe bringing second facility to Henrico
Home security system manufacturer SimpliSafe will invest more than $3 million to expand its operations in Henrico County, increasing its jobs creation total for the county to more than 800, Gov. Ralph Northam announced Thursday. The company will establish a new customer security monitoring service center at 4840 Cox Road in Glen[...]
Draper Aden Associates names new CIO
Richmond-based engineering, surveying and environmental firm Draper Aden Associates promoted Lud Eng to chief information officer on July 1. Eng, who is based in Blacksburg, previously served as the firm’s director of information technology. He has been with Draper Aden for more than 25 years. “We are pleased to announce Lud[...]
Liberty appoints dean for College of Osteopathic Medicine
Dr. Joseph R. Johnson was appointed dean of Liberty University’s College of Osteopathic Medicine, effective July 1. Johnson had been serving as interim dean since December 2020. “Prior to Dr. Johnson’s arrival, Liberty’s leadership set a goal to take LUCOM as a well-established osteopathic medical college, both in missio[...]
Altria to sell winemaking division for $1.2B
Henrico County based Altria Group Inc. announced Friday that it has entered into a definitive agreement to sell its Ste. Michelle Wine Estates winemaking division for $1.2 billion to New York-based private equity firm Sycamore Partners Management LP in an all-cash deal. The deal is expected to close by the end of this year. The [...]
Charlottesville apartment complex goes for $44.9M
Barracks West, a 324-unit townhouse and apartment complex in Charlottesville, has been sold for $44.9 million, Edge Multifamily Capital Markets Group announced this week. Located at 255 Saponi Lane, the community was sold off-market to Reston-based Willow Creek Partners by The Goldstar Group. Bethesda, Maryland-based Goldstar pu[...]
Retail property sold for $1.29M in Chesterfield
A 10,000-square-foot retail building in Chesterfield County was sold for $1.29 million as an investment, Cushman & Wakefield | Thalhimer announced last week. YIASOU III LLC purchased the building at 10747 Midlothian Turnpike, which is leased by RVA Athletes and Sofa Design, from RDKMT LLC. Graham Stoneburner and R. Scott Dou[...]
VCU Health System appoints chief strategy officer
VCU Health System has promoted Nina Hobcroft as chief strategy officer, effective July 1. Hobcroft, who was the health system’s vice president of strategy and business development since joining in 2017, will provide insight and recommendations on both short- and long-term strategic planning, business unit growth and de[...]
Chesterfield eyes zoning overhaul to boost development
In 1980, developer George Emerson stood in a wooded area of Chesterfield County’s Bermuda district and told a contractor where he wanted to build a road. Without any formal plan endorsed by the county, Emerson built the Walthall Industrial Parkway, opening the adjacent land for industrial development. Times have changed, and s[...]
Va. Museum of Fine Arts plans $190M expansion
The Virginia Museum of Fine Arts has hired the Detroit-based firm SmithGroup to design a new wing of the Richmond museum in a $190 million expansion and renovation project announced Tuesday. The new wing will provide space for African art, photography and 21st-century works, according to the museum. Construction is expected to b[...]
Chesterfield EDA acquires former speedway property
Chesterfield County will purchase the former Southside Speedway property for $4.5 million, according to a news release from the county’s Economic Development Authority. The county’s board of supervisors approved the transfer of funds for to the EDA for the purchase on June 23. The nearly 48,000-square-foot property purchase is part of a plan to expand […]
Henrico County building sold for $2.2M
Brian Scrimpsher purchased a 15,327-square-foot building for $2,225,000 in western Henrico County, which will be used as a VA Cars Inc. dealership, Cushman & Wakefield | Thalhimer announced last week. The property at 7494 W. Broad St. is on 1.1 acres, and it was purchased from Ross Square LLC, with James Ashby IV of Cushman [...]
$250K SCHEV grant boosts VCU-ChamberRVA internship initiative
Virginia Commonwealth University and ChamberRVA hope to expand paid internship opportunities in the Richmond region with the help of a $250,000 grant from the State Council of Higher Education for Virginia, the chamber announced Thursday. In October, the Virginia Chamber Foundation and SCHEV started a public-private partnership,[...]
