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Hazelwood Farms is set to become industrial park
A 328-acre former James City County farm is set to become the largest speculative industrial project along the Interstate 64 corridor between the Port of Virginia and Richmond. Hazelwood Farms was purchased for $12 million in April by Houston-based industrial real estate firm Lovett Industrial, which plans to develop a 2.2 mil[...]
Bon Secours sues Anthem for $93M
Health system Bon Secours filed suit against insurer Anthem Health Plans of Virginia Monday in Henrico County Circuit Court, alleging Anthem owes Bon Secours $93 million in unpaid claims. The plaintiffs, collectively titled BSMH Virginia, allege that Anthem Health Plans of Virginia (doing business as Anthem Blue Cross and Blue Shield) failed to pay “in […]
Low inventory, high interest rates strap Va. housing market
Homebuyers in Virginia are continuing to feel the strain of low inventory and high interest rates. The number of active listings on the market is shrinking, and fewer new listings are coming on the market. Despite a brief uptick in inventory at the beginning the year, about 67% of the state’s counties and cities had [&hell[...]
ODU hires director for cybersecurity school
Old Dominion University has named Daniel Takabi to direct its School of Cybersecurity. Takabi joins the school from Georgia State University, where he worked for four years and served as an associate professor of computer science, according to his LinkedIn account. Takabi started in his new role July 25; the university announced[...]
The Breeden Co. adds new multifamily regional director
The Breeden Co. has named Sydney Balmer to its multifamily property management’s regional director team. The Virginia Beach-based real estate developer announced Balmer’s hire Aug. 8. She will oversee a portfolio of multifamily assets in the South Hampton Roads market. “Sydney brings her passion for problem solving[...]
275 Va. companies make 2023 Inc. 5000 list
This year, 275 Virginia companies made the Inc. 5000 list of the nation’s 5,000 fastest-growing privately held companies, which Inc. magazine released Tuesday. Ranking at No. 34 overall, Goldschmitt and Associates LLC was the highest-ranking Virginia companies on the list. Founded in 1998, the Leesburg-based information te[...]
Bon Secours names new leader for Hanover, Rappahannock hospitals
Bon Secours has named John Emery to lead Memorial Regional Medical Center in Mechanicsville and Rappahannock General Hospital in Kilmarnock, effective Monday. Emery previously served as president of the hospital system’s Southside Medical Center in Petersburg and Southern Virginia Medical Center in Emporia. In his new role[...]
For the record August 2023
CENTRAL VIRGINIA Buc-ee’s, the Texas-size travel center chain, completed its purchase of 27.686 acres in New Kent County for $6.5 million and will open its first Virginia location in the next two years, with three more slated across the state, S.L. Nusbaum Realty Co. announced June 16. At more than 75,000 square feet, the new Buc-ee’s […]
Chesapeake studying Greenbrier’s future
What’s the path ahead for Chesapeake’s Greenbrier community, a 12-square-mile area known as the city’s economic powerhouse? Consultants have been meeting with city departments, the business community and the public since January to craft a plan guiding Greenbrier’s future development. They also posted a s[...]
Global coworking franchise coming to Chesapeake
Venture X, a global coworking office space franchise, is entering the Hampton Roads market, with its first location coming to Summit Pointe in Chesapeake, Cushman & Wakefield | Thalhimer announced Tuesday. HMP Properties LLC, a Venture X franchisee, has leased 18,543 square feet of space in the 555 Belaire office tower, whic[...]
Stihl names new president, CEO
Virginia Beach-based chainsaw and outdoor power equipment manufacturer Stihl Inc. has announced a leadership shift a little more than a year after Terry Horan took on the role of president and CEO. Chris Keffer, senior vice president of sales and marketing, will become the company’s new president and CEO on August 4, repla[...]
Tight housing markets continue in NoVa, Hampton Roads
Home sales in Northern Virginia in June were up 3.6% from the previous month, but still down 16% compared with the same period a year ago, according to a report from the Northern Virginia Association of Realtors released Wednesday. “Many factors” are pointing to the region’s market normalizing when comparing it to five-year trends, the report […]
