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Third quarter strong for Va. CRE market, Realtors group says
Virginia’s commercial real estate market showed signs of strength in the third quarter, according to a report released Monday by Virginia Realtors. Office markets in Northern Virginia, Richmond and Hampton Roads have been more resilient than smaller markets, with a key factor being the strength of the high-end Class-A office space market. It’s in demand […]
Paul D. Camp Community College names new president
Paul D. Camp Community College’s new president will be Corey L. McCray, who will start his position on Oct. 25. McCray was selected among 52 applicants, according to Glenn DuBois, the chancellor of Virginia’s Community Colleges, who announced McCray’s selection Thursday. “I’m confident that Corey has the sk[...]
Recent commercial real estate sales
Central Virginia Cushman & Wakefield | Thalhimer announced the sale of 3.89 acres of land on Lewistown Road at Lakeridge Parkway in Ashland. ARLS Properties LLC purchased the acreage from Craig Realty Group for $3 million for future retail development. David M. Smith of Cushman & Wakefield | Thalhimer represented the purchaser. Commonwealth Commercial Partners […]
Virginia wins $5M DOD grant to train shipbuilding workers
Virginia won a $5 million U.S. Department of Defense grant to train workers in defense manufacturing industries, particularly shipbuilding, in Danville and Hampton Roads, Gov. Ralph Northam announced Friday. The grant will go to the Virginia Defense Manufacturing Community, which brings together the Institute for Advanced Learning and Research in Southern Virginia and Old Dominion […]
Commercial real estate lease roundup
Hampton Roads Central Virginia Northern Virginia Hampton Roads Crossfire Logistics Inc. leased 61,700 square feet of industrial space at 5601 City Line Road in Newport News. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord. LaserShip leased 46,100 square feet of industrial space at 5465 Greenwich […]
Stihl Inc.’s U.S. president, sales VP exit company
The president of Stihl Inc.’s Virginia Beach-based U.S. operations, Bjoern Fischer, is leaving the chainsaw and power equipment manufacturer by mutual agreement Friday, according to an internal company memo obtained by Virginia Business. Also departing the German outdoor power equipment manufacturer is its vice president o[...]
Hampton Roads State of the Region report shows slow recovery
The Hampton Roads region is slowly recovering from pandemic-spurred economic distress but has lost a large chunk of its workforce, according to Old Dominion University’s Dragas Center for Economic Analysis & Policy’s 2021 State of the Region Report released Tuesday. Hampton Roads’ labor force and individual employm[...]
Sentara Healthcare names president of Suffolk hospital
David J. Masterson will become president of Sentara Obici Hospital in Suffolk on Nov. 8, Sentara Healthcare announced Wednesday. “I’m looking forward to being part of the community in Suffolk and Western Tidewater,” Masterson said in a statement. “It’s a fast-growing region and I want to help ensure that Sentara Obici [...]
Bon Secours names new Hampton Roads market president
Bon Secours has named Pat Davis-Hagens as its new Hampton Roads market president, the health system announced Tuesday. Davis-Hagens is currently the president of The Jewish Hospital – Mercy Health, in Cincinnati, Ohio, a role she has held since 2014. Bon Secours is part of the Bon Secours Mercy Health system. She will relo[...]
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[...]
Colliers names new regional manager for Va., Raleigh brokerage
Colliers has named a new regional operations manager for its Virginia and Raleigh, North Carolina, offices, the commercial real estate company announced this week. Kristina Rodriguez, who will be based in Norfolk, will oversee the Colliers Virginia offices in Charlottesville, Fredericksburg, Richmond and Norfolk, along with the [...]
