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Georgia senator made controversial investment in Lynchburg’s BWX Technologies
U.S. Sen. David Perdue, one of Georgia’s two incumbent Republican senators who are facing a Jan. 5 election runoff that will determine the balance of power in the Senate, made profitable purchases of shares in Lynchburg-based nuclear fuel supplier BWX Technologies Inc. — the Navy’s sole nuclear fuel provider — ju[...]
VCU raises $841.6M in record fundraising campaign
Virginia Commonwealth University announced Thursday it raised more than $841.6 million through its Make It Real Campaign — exceeding its goal of $750 million and marking the university’s largest campaign to date. The campaign launched publicly in September 2016 after a silent period that began in 2012. It closed this June, a year after it […]
15 Va. tech companies ranked fastest-growing in North America
Fifteen Virginia tech companies earned spots on Deloitte’s 26th annual North America Technology Fast 500 Rankings list released Wednesday. “For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — […]
UR offers ‘no loan’ financial aid to Richmond public school students
The University of Richmond is launching a “No Loan Program” in partnership with Richmond Public Schools, the university announced Wednesday. RPS graduates who attend the university can receive grants to pay for all demonstrated financial need — instead of loans that must be repaid. “We know that the thought of ta[...]
Va. home prices, sales up during October
Home prices in Virginia continued to surge during October due to high demand, low inventory and mortgage rates, according to a report released by Virginia Realtors on Tuesday. Northern Virginia, Central Virginia and Hampton Roads saw median home prices rise by 15% when compared with the same time last year. The median statewide [...]
Commercial real estate lease roundup
Northern Virginia L3Harris Technologies Inc. renewed its lease of 6,357 square feet of office space at 17021 Combs Drive in King George County. Chris Russotti and Jamie A. Scully of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord. Floors by Design leased 9,900 square feet of industrial space at […]
Altria converts Juul nonvoting shares to voting shares
Henrico County-based Altria Group Inc. has converted its nonvoting shares of e-cigarette leader Juul Labs Inc. to voting shares, the company announced Thursday. However, Altria said it does not plan to take a more active role on the board until a federal complaint is resolved. Altria has owned 35% of Juul’s stock since lat[...]
Manchester apartment complex sells for $11.4M
An apartment complex in Richmond’s Manchester neighborhood sold for $11.4 million, CBRE announced Tuesday. The 70-unit, 61,614-square-foot apartment complex is located at 815 Perry St. Glen Allen-based real estate investment group Capital Square 1031, which originally purchased the property in 2015, sold it to Washington[...]
Chesterfield County industrial building sells for $1.144M
An industrial building in Chesterfield County’s Midlothian area sold for $1.144 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 12724 Oak Lake Court, the 13,000-square-foot building sits on 1 acre. GMWTG Chesterfield LLC purchased the building from JBW Warehouses LLC for storage use. The property [...]
BWXT completes nuclear fuel line project, begins fuel production
A subsidiary of Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) announced Tuesday it has completed the TRISO (tristructural isotropic particle fuel) nuclear fuel line restart project for the U.S. Department of Energy (DOE) and is producing the fuel at its Lynchburg facility. In June, DOE’s Idaho National Laboratory awarded BWXT Nuclear Operations Group Inc. […]
Richmond civil engineering firm names director of housing, education
Richmond-based civil engineering firm Koontz Bryant Johnson Williams (KBJW) announced Tuesday that Cameron Palmore has been hired as director of housing and education. With more than 24 years of experience, Palmore most recently served a five-year contract with the University of Virginia’s Energy and Utilities Department as a [...]
Va. LISC, Chesterfield County announce small business relief fund
LISC Virginia and Chesterfield County announced Tuesday the launch of the $250,000 Chesterfield County Microenterprise Relief Fund, which will provide small businesses with five or fewer employees grants of up to $10,000 for COVID-19 relief. Funding can be used to pay for payroll, rent, utilities, vendor bills and other COVID-19-related expenses. Applications opened Monday at […]
