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Cushman & Wakefield acquires Thalhimer’s S.C. operations
Chicago-based real estate firm Cushman & Wakefield announced last week that it had acquired the South Carolina operations of its alliance member, Glen Allen-based Morton G. Thalhimer Inc. The acquisition includes three offices located in Charleston, Greenville and Columbia. Financial details of the transaction were not disclosed. “We are thrilled to have Thalhimer’s South Carolina […][...]
Luck Stone acquires N.C. company, 2 quarries
Goochland County-based crushed stone producer Luck Stone acquired North Carolina-based Ararat Rock Products Co. and its quarries in Mount Airy and Eden, the company announced Thursday. Financial details of the transaction were not disclosed. The acquisition expands Luck Stone’s presence in North Carolina beyond its quarry [...]
Williams Mullen names next chief operating officer
Wyatt S. Beazley IV will be Richmond-based law firm William Mullens’ new chief operating officer, the firm announced Tuesday. Beazley will oversee the firm’s operations throughout Virginia, North Carolina and South Carolina. “Wyatt has a deep understanding of both the business operations and the culture at Will[...]
Dominion Energy to sell Questar Pipeline to Southwest Gas for $1.9B
Richmond-based Dominion Energy Inc. has reached an agreement to sell its Questar Pipeline subsidiary to Las Vegas-based Southwest Gas Holdings Inc. for $1.975 billion, the Fortune 500 utility announced Tuesday. The all-cash deal includes the assumption of $430 million of debt. The transaction is expected to close in the fourth q[...]
Henrico realty co. gains majority ownership of Ga. management company
Henrico County-based property development company McCann Realty Partners LLC now has a controlling interest in Georgia-based property management company Pegasus Residential LLC, the company announced last week. Financial details of the transaction were not disclosed. The two companies have been partners since Pegasus’ founding in 2009, McCann Realty Partners President and Managing Principal Matt Akin […][...]
250 acres on Richmond-Chesterfield border for sale at $79M
The director of Chesterfield County’s economic development office says a “major midtown development” could result from the sale of nearly 250 acres of undeveloped property in the county and the city of Richmond. The two pieces of land are now on the market for $30 million and $49 million, according to S.L. Nusb[...]
Recent real estate sales from around Virginia
Central Virginia A 26,500-square-foot office building in Henrico County has sold for $1.95 million, Cushman & Wakefield | Thalhimer announced. The building is located at 8921 Three Chopt Road and was 81% leased at the time of the sale. Porter Street Holdings LLC bought the building from 8921 Three Chopt LLC. The transaction was completed […]
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[...]
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 c[...]
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 impress[...]
