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Lynchburg-based BWXT elects new chair
Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc. announced May 3 that Jan A. Bertsch assumed the role of chair of the board of directors. Bertsch succeeded retiring chairman John A. Fees. “We are extremely fortunate to have someone of Jan’s caliber assume this important leadership position for o[...]
Two Richmond properties change hands
Two properties in Richmond — an office building in Scott’s Addition and an apartment building in The Fan — have been sold, brokerage firm Marcus & Millichap announced Wednesday. An 11,130-square-foot building in Scott’s Addition at 3412 W. Leigh St. has sold for $1.8 million, according to Marcus & Millich[...]
Dulles adds United direct flights to Amman, Jordan
United Airlines has added three weekly nonstop flights from Washington Dulles International Airport to Jordan’s capital city, Amman. The Metropolitan Washington Airports Authority announced the addition Friday, though the inaugural flight occurred a day earlier. “Amman, Jordan, is the 39th global capital city to be direc[...]
Boeing plans global HQ move to Arlington
Boeing Co., the world’s third-largest defense contractor, is planning to move its global headquarters from Chicago to Arlington, the company announced Thursday. The aerospace and defense company, which employs more than 141,500 people worldwide, has operations in more than 65 countries and will be the largest defense contr[...]
Lambert’s Point Docks in Norfolk to become $100M maritime center
In a deal predicted to bring more than 500 jobs and over $100 million in capital investment, the Lambert’s Point Docks property in Norfolk will become a maritime operations and logistics center to support local offshore wind, defense and transportation industries. The land, owned by Norfolk Southern Railway Co., has been l[...]
CV International subsidiary acquires Ga. shipping company
Norfolk-based CV International Inc. subsidiary Capes Shipping Agencies announced Wednesday that it had acquired Savannah, Georgia-based Ryan Ship Services LLC. Financial terms of the transaction were not disclosed. “This merger will be a great fit for both of our companies, and the timing was perfect,” CVI President and CEO [...]
CoStar Group buys former SunTrust building in Richmond
CoStar Group Inc. has expanded its Richmond footprint with the $20 million purchase of the former SunTrust office building on the James River. The five-story, 117,448-square-foot building at 901 Semmes Ave. will be occupied by at least 400 employees, however the company has not determined which teams will occupy the space yet, a[...]
U.Va. hits $4B in capital campaign
The University of Virginia has hit its $4 billion benchmark in its $5 billion Honor the Future capital campaign three years ahead of its deadline, the university announced this week. U.Va. has brought in significant individual donations during the fundraising campaign, including a record-breaking $120 million gift from alumni Ja[...]
89 acres near Richmond airport sells for $4.78M
New York-based real estate company Ashley Capital has purchased 89 acres of land near Richmond International Airport in Henrico County for $4.78 million, Cushman & Wakefield | Thalhimer announced April 27. The land, at 7001 S. Laburnum Ave., had been owned by Pruitt Properties Inc. The new owner will use the land for a new […]
Frederick solar farms move forward
Frederick County is on the verge of seeing its first solar power farms. Three facilities are in the works, with another in the pipeline. That’s not to say Virginia’s northernmost county is exactly embracing fields of solar panels. “Solar farms change the character of the land from rolling fields and animals grazing[...]
Next stop — civilian life
“About every 15 minutes,” Shawn Avery’s phone at the Hampton Roads Workforce Council rings with an employer calling to find skilled workers to fill vacancies, he says. Avery is president and CEO of the council, which oversees federally funded workforce development programs and links employers and workers. In the pr[...]
Forward motion
Shenandoah is known for apple blossoms, but something else is popping up this spring in Front Royal: a new 340,000-square-foot warehouse logistics center. About a half-mile from the Virginia Inland Port, the center is one of roughly a dozen projects in the region built by Equus Capital Partners Ltd., a commercial real estate age[...]
