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350-unit apartment complex coming to Richmond’s Scott’s Addition
A 350-unit mixed-use apartment building is coming to Richmond’s Scott’s Addition neighborhood by late 2022 or early 2023, Glen Allen-based real estate investment company Capital Square and Charleston, South Carolina-based real estate developer Greystar announced Thursday. Capital Square and Greystar purchased 2.28 acres of l[...]
Reston-based Comscore secures investments for stock deal
Reston-based media-measurement and analytics company Comscore Inc. announced Thursday that Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP are each making a cash investment in exchange for shares of convertible preferred stock. Proceeds from the investment will be used by Comscore to retire existing debt […][...]
Barter Theatre hangs on with Moonlite shows
Abingdon’s Moonlite Theatre is on the National Register of Historic Places and in the lyrics of at least two country western songs, but the drive-in movie theater was closed for most of the last decade. When Katy Brown visited it last spring, “it was a wreck,” she recalls, “but I thought all we’d have to […]
ODU mapping tool to help site wind turbines
The answer, they say, is blowin’ in the wind. In August 2020, Old Dominion University won a $775,000 grant from the Department of Defense that will help create a “wind energy siting solution,” enabling offshore and onshore wind-energy developers to avoid potential conflicts with military operations and trainings. The ODU[...]
Hotel owners switch focus to residential
Hit hard by the economic effects of the coronavirus, the hotel industry isn’t expected to fully recover until 2023 or 2024. Meanwhile, several hotel properties, including two in Northern Virginia, are being redeveloped into more profitable residential units. Sunburst Hospitality won approval in October 2020 to convert the 187-[...]
Roanoke clears path for more downtown development
Roanoke developer Lucas Thornton hopes to break ground this summer on a multimillion-dollar renovation project that will transform what is now Campbell Court Transportation Center, the city’s rundown bus station, into an office tower and another building with apartments and retail space. Thornton’s $35 million development, t[...]
VCU thinks small for COVID-19 innovations
The novel coronavirus that causes COVID-19 has upended life across the globe, but it also has spurred innovation and invention. At Virginia Commonwealth University, two researchers have been working on projects that, if successful, might have far-reaching applications for preventing and detecting COVID-19. A vaccine patch the si[...]
Amid leadership shuffle, Halifax sees silver lining
The Halifax County Industrial Development Authority has seen some upheaval recently, but officials say there are several projects in the pipeline as well as a new shell building ready to be occupied. In October 2020, IDA executive director Brian Brown was fired after being hired a little more than a year ago, a move that [&helli[...]
Shenandoah pushes forward with broadband expansion
Even while getting his teeth cleaned, Michael Keyser can’t escape the topic of broadband expansion. “It’s the only thing they’ll talk about,” the CEO of BARC Electric Cooperative says, recounting a recent discussion with a dental hygienist excited about receiving broadband service. BARC, a member-owned electric utility[...]
Richmond pharma company makes leadership appointments
Richmond-based pharmaceutical company Kaléo announced Tuesday five executive leadership appointments and promotions. Joining Kaléo from Boston Scientific, where he served as the senior vice president of corporate compliance and privacy officer, Kevin Espinoza has been hired as chief compliance officer. He will oversee Kaléo’s operations. He has also previously worked with Forest Laboratories, Compliance Implementation […][...]
DHL Supply Chain to create 577 jobs in Stafford County
DHL Supply Chain, a contract logistics company with its North American headquarters in Ohio, is investing $72 million to establish a mid-Atlantic distribution center in Stafford County’s Venture Business Park, creating 577 jobs, Gov. Ralph Northam announced Tuesday. The company will build a 500,000-square-foot high-bay facility for its Real Estate Solutions unit. Virginia competed with […][...]
Arlington company names VP of people
Arlington-based stock media company Storyblocks announced Tuesday it has hired Allison Jno-Baptiste as its vice president of people. Jno-Baptiste most recently served as the executive director of talent and resource management at Brown University. In her new role, she will oversee employee recruitment and diversity. “I bel[...]
