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BWXT promotes chief strategy officer to CFO
Robb A. LeMasters will be promoted to senior vice president and chief financial officer of Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. (BWXT) on Nov. 15. “We are extremely fortunate to have someone internal to BWXT who is fully prepared to assume the role of CFO,” BWXT President and CEO Rex Gev[...]
Brown Edwards acquires Mitchell Wiggins
Roanoke-based accounting firm Brown Edwards LLP acquired tax, audit and business consulting firm Mitchell Wiggins on Nov. 1. With offices in metro Richmond and the Petersburg/Tri-Cities areas, Mitchell Wiggins will bring six partners and 47 team members to Brown Edwards. Brown Edwards will have an office in the former Mitchell Wiggins space in Richmond, with […]
Falwell revives Liberty defamation suit, wants personal items returned
Former Liberty University President and Chancellor Jerry Falwell Jr. has revived his defamation lawsuit against the Lynchburg-based private Christian university that is suing him for $10 million, according to court documents filed in late October. Falwell also seeks the return of personal property he says is being held by the un[...]
Commercial real estate leasing roundup
The following lease transactions took place in Virginia through Nov. 8: Central Virginia Virginia Insurance Services Inc. leased 1,900 square feet at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti of Commonwealth Commercial Realty represented the landlord. Kala Brand Music Co. leased 29,342 square feet at 11223 Leadbetter Road in Hanover […]
Lynchburg apartments sold for $4.1M
A four-property multifamily apartment portfolio including 55 apartments has been sold in Lynchburg for $4.1 million. The portfolio was sold to a local investment group, AC Capital LLC, which intends to pursue a value-addef strategy to upgrade the properties, all located in Lynchburg. The properties are at 200 Cleveland Ave. (Win[...]
Great Outdoor Provision Co. to expand flagship store in C-ville
Raleigh, North Carolina-based retailer Great Outdoor Provision Co. is opening an expanded flagship store in August 2022 in Charlottesville. The independently owned retailer, which sells outdoor clothing and recreational gear such as camping equipment and kayaks, will more than double that space of its Barracks Road location, growing from 9,641 square feet to 20,358 square […]
Reston’s Stanley Martin Homes breaks ground for RVA condos
Reston-based Stanley Martin Homes broke ground on a new downtown Richmond neighborhood, Carver Square, last month. Located in the city’s Carver neighborhood near Virginia Commonwealth University’s Siegel Center and across from Maggie Walker Governor’s School, Carver Square will feature 90 two-over-two-style garage condominiums on two acres at the corner of Moore and Lombary streets. A […][...]
Recent commercial real estate transactions around Virginia
S.L. Nusbaum Realty announced that HM Management LLC has purchased a 35,355-square-foot former assisted living facility on 0.45 acres located at 501 N. Allen Ave. in Richmond from Care GSL Richmond PropCo LP for $3.5 million. Nathan Shor handled the transaction. Cushman & Wakefield | Thalhimer announced the sale of 3750 Progress Road in Norfolk. […]
Dominion offshore wind farm cost climbs to $9.8B
Dominion Energy Inc.’s offshore wind farm will cost about $2 billion more than expected, the Richmond-based Fortune 500 utility’s chair, president and CEO, Bob Blue, said during a third quarter earnings call Friday. Instead of the previously estimated $7.8 billion, the 2.6-gigawatt Coastal Virginia Offshore Wind (CVO[...]
Henrico’s Essex Bank to lay off 51 employees in merger
The Henrico County-based parent company of Essex Bank will lay off 51 employees as a result of its merger with Charleston, West Virginia-based United Bankshares Inc., the parent company of United Bank. The company filed a Worker Adjustment and Retraining Notification Act (WARN) notice with the Virginia Employment Commission on Friday, Oct. 29, notifying them […]
Blue Ridge Bank, FVCbank merger delayed
The merger of Charlottesville-based Blue Ridge Bankshares Inc., the parent company of Blue Ridge Bank, and Fairfax-based FVC Bankcorp Inc., the parent company of FVCbank, will be delayed, the companies announced this week. The two regional companies announced the merger, which would create a $5 billion combined company, on July 14. The expected closing at […]
Richmond casino rejected by voters
Updated 4:20 p.m. Wednesday Richmond voters on Tuesday rejected the proposed $565 million ONE Casino + Resort by about a 1,200-vote margin. The project’s developer, Silver Spring, Maryland-based media company Urban One Inc., acknowledged the referendum’s defeat in a statement Wednesday, as did the city’s mayor.[...]
