Sign In
Free Newsletter
Fairfax software company names new COO
Fairfax County-based computer software company 3Pillar Global announced Thursday it had promoted former chief revenue officer Heather Combs to chief operating officer. In her new role, Combs will work on company growth strategies and will continue to oversee development and operations of 3Pillar’s services including mark[...]
The show must not go on
Abingdon’s Barter Theatre – the nation’s oldest Actors’ Equity Union theater – has closed the curtain on its spring season. The theater, which opened in 1933 during the Great Depression, announced March 19 it would furlough 87 of its employees, then days later furloughed six more. This left a skeleton crew [...]
Coronavirus fund distributes $1M+ in grants to Central Virginia organizations
RICHMOND, Va. — Funds are being released from a collective, $4.2 million pool intended to help groups provide resources during the COVID-19 pandemic. Twenty-five regional organizations are receiving more than $1.1 million in grants. The grantees fall under four categories: safety net clinics, food access organizations, housing and education. The pool of money was created […]
Roanoke apartments sell for $2.3M
The West End Flats apartments in Roanoke has sold for $2.3 million, Roanoke-based Waldvogel Commercial Properties Inc. announced Monday. The apartment complex includes 24 one-bedroom, one-bathroom apartments and A Few Old Goats microbrewery, which is located at 515 8th St. SW. The transaction closed on April 10. The property[...]
Carilion Clinic furloughs workers, reduces hours
With its regular ambulatory and inpatient care declining by 40% to 70% during the COVID-19 crisis, Roanoke-based Carilion Clinic announced Tuesday it is furloughing employees to reduce expenses. It follows similar measures taken by other health care systems operating in Virginia including Bon Secours Mercy Health and Ballad Health. The number of employees who will be […]
Harrisonburg Dairy Queen sells for $1.15M
A Dairy Queen Grill & Chill in Harrisonburg sold for $1.15 million, Denver-based Blue West Capital announced Thursday. Dairy Queen was the only tenant leased to the property at 78 S. Carlton Street in Harrisonburg. The property sold as a sale-leaseback. The Dairy Queen franchisee will still be able to use the building, but w[...]
Former IKEA warehouse sells for $3.85M in Pittsylvania
A 152,379-square-foot warehouse and distribution facility formerly used by IKEA in Pittsylvania County’s Ringgold area sold for $3.85 million, Cushman & Wakefield | Thalhimer announced Monday. Rick Barker Properties LLC purchased the facility located at 240 Factory Lane — approximately six miles outside of Danville. [...]
Five-story apartment complex to be built in Henrico County
A five-story apartment complex will be built at the intersection of Maywill and Thalbro Streets in Henrico County, Cushman & Wakefield | Thalhimer announced Tuesday. Bristol Maywill Partners LLC purchased the 2.1 acres of land for $2 million from 2001 Maywill LLC. The apartment complex will be part of a mixed-use developme[...]
Managing during crisis
Virginia Business virtually sat down with Craig Halliday, CEO of Dulles-based software company Unanet, which provides project management software, timesheet software, expense reporting software and other human resources software to federal government contractors, architects and engineers. This is part of an ongoing series of con[...]
Williamsburg apartment complex sells for $26.25M
A 224-unit apartment complex in Williamsburg sold for $26.25 million, New York City-based commercial real estate company Berkadia Commercial Mortgage LLC announced Friday. The Regency at Longhill apartments are located at 5302 Lane Place Drive, which is less than 3 miles from the Warhill Sports Complex, the Williamsburg Premiu[...]
Henrico strip mall sells for $1.5M
Laurel Park Shopping Center in Henrico sold for $1.5 million, Commonwealth Commercial Partners LLC announced Friday. The strip mall located at the corner of Woodman and Hungary Roads encompasses more than 16 acres of land, and is located less than 2 miles from Reynold Community College. The shopping center’s primary retail[...]
TowneBank moving closer to Norfolk Southern Tower purchase
Suffolk-based TowneBank is moving closer to purchasing the 22-story Norfolk Southern Tower, reaching an agreement to purchase a nearby downtown Norfolk parking garage for $8.5 million. TowneBank hopes to close on the parking garage and the Norfolk Southern building this summer, TowneBank spokesperson Joel Rubin said Thursday. T[...]
