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Dominion chooses turbine supplier for $7.8B offshore wind farm
Richmond-based Dominion Energy has selected Spanish renewable energy engineering company Siemens Gamesa Renewable Energy S.A. as the preferred turbine supplier for its proposed $7.8 billion offshore wind farm off the coast of Virginia Beach, Dominion announced Tuesday. Dominion announced plans in September 2019 to build a 220-tu[...]
Hampton retail property sells for $2.2M
Hampton-based Long76W LLC bought a 12,752-square-foot retail property in Hampton for $2.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The property was 100% leased to Safelite Auto Glass and West Marine at the time of the sale of 2121 W. Mercury Blvd., and was owned by Virginia Bea[...]
InMotion Hosting buys Va. Beach offices for $8.5M
Web hosting company InMotion Hosting has purchased a Virginia Beach office building previously occupied by Stratford University for $8.5 million, Cushman & Wakefield | Thalhimer announced Monday. InMotion Hosting bought the a 61,528-square-foot class A office property from Campus Realty Virginia Beach LLC. The for-profit S[...]
Henrico retail center sells for $4.35M
The Wistar Center strip mall in Henrico County was sold for $4.35 million to Washington, D.C.-based Fernau LeBlanc Investment Partners, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Fernau LeBlanc acquired the property on Dec. 23 from Miami-based Larkspur Properties. The property was 86% lea[...]
Universal Corp. acquires FruitSmart
Richmond-based international tobacco leaf supply company Universal Corp. acquired Grandview, Wash.-based fruit and vegetable ingredient processor FruitSmart, Universal Corp. announced Monday. Financial terms of the acquisition have not been disclosed. Universal Corp. funded the transaction with a combination of cash on hand and existing borrowing capacity. FruitSmart, founded in 1982, supplies fruit juices, concentrates, blends, [&helli[...]
Newport News medical device company appoints new CFO
Newport News-based medical device company ivWatch LLC announced three executive appointments on Monday, including Teresa “Terry” Blevins as chief financial officer, Erin Wendell as chief marketing officer and Paul Stoddard as vice president of sales. Blevins has more than 30 years of experience in financial planning and most recently worked as CFO for Hampton-based defense […]
Bon Secours Mercy Health acquires three Va. hospitals
Cincinnati-based Bon Secours Mercy Health has completed the acquisition of three Virginia hospitals: the 300-bed Southside Regional Medical Center in Petersburg, the 105-bed Southampton Memorial Hospital in Franklin and the 80-bed Southern Virginia Regional Medical Center in Emporia. Bon Secours Mercy Health acquired the hospitals from Franklin, Tennessee-based Community Health Systems Inc. Financial terms of the […][...]
Roanoke accounting firm acquires real estate title firm
Roanoke-based accounting firm Brown Edwards acquired Salem-based Covenant Real Estate Services LLC as of Jan. 1, Brown Edwards announced Monday. Financial terms of the deal have not been disclosed. Covenant was founded by Roger Kronau and Jerry Dunnavant, and both will serve in leadership positions under the acquisition. Kronau will continue his work as the […]
Virginia Business names VP of sales and marketing
RICHMOND — Virginia Business Media LLC announced Friday that Lori Collier Waran will join the organization as Vice President of Sales and Marketing for Virginia Business magazine and its associated print and digital publications, effective Jan. 13, 2020. Waran previously was the longtime publisher of Style Weekly magazine in R[...]
Spok Holdings names new COO
Spok Holdings Inc., a Fairfax County-based healthcare communications company, promoted Michael W. Wallace to chief operating officer on Thursday. Wallace has worked as a financial and operational executive for approximately 25 years and joined Spok as its chief financial officer in 2017. He will maintain his CFO duties and take [...]
Shamin Hotels buys Richmond Times-Dispatch building for $14.4M
Chester-based Shamin Hotels has bought the Richmond Times-Dispatch building in downtown Richmond for $14.462 million from a Berkshire Hathaway Inc. subsidiary, Shamin President and CEO Neil Amin confirmed on Thursday. Shamin Hotels will be moving its headquarters into the four-story, 172,110-square-foot building at 300 East Grac[...]
Bay Banks of Virginia names new executive VP
Michael H. Troutman was hired as executive vice president and chief revenue officer of Richmond-based Bay Banks of Virginia Inc., holding company for Virginia Commonwealth Bank and VCB Group Inc., the bank announced Thursday. Troutman has been in banking for 18 years and in his new role will be responsible for revenue-generation[...]
