Sign In
Free Newsletter
Chesterfield industrial property sells for $1.7M
An industrial/flex space property in Chesterfield County has sold for $1.7 million. 11300 Business Center LLC purchased a 9,100-square-foot building on 11300 Business Center Drive from AdvanceTEC Properties LLC as an investment, according to Cushman & Wakefield | Thalhimer. The building has been the corporate headquarters [...]
Roanoke apartment complex sells for $1.1M
The Eastgate Apartments in Roanoke have been sold for $1.1 million, Cushman & Wakefield | Thalhimer announced Monday. Restoration Turnkey Investments LLC acquired the community on March 28 from Rafan LLC. The buyer is planning extensive interior and exterior renovations. The complex, built in 1977, has 14 townhouse-style[...]
Rain and wind delay Something in the Water’s start
Rain and high winds delayed the start of Pharrell Williams’ Virginia Beach music festival Something in the Water by about four hours Friday, leaving fans and businesses waiting for the weather to clear. Scheduled to start at 12:30 p.m. Friday, the festival was delayed until 5 p.m. Instead of being filled with throngs of mu[...]
Va. Beach uses SITW festival to woo business
It’s not every week that international fashion brand Louis Vuitton creates a pyramid on the sand at Virginia Beach’s Oceanfront. And that kind of buzz that music superstar Pharrell Williams is bringing to his hometown with his Something in the Water this weekend is something the city’s economic development official[...]
Rural leadership institute aims to build local capacity
Virginia Rural Center Executive Director Kristie Proctor has long heard that the state’s rural areas were losing population and having difficulty cultivating local community leaders. To address the gap in local leadership, VRC, a Richmond-based nonprofit focused on fostering economic growth in rural areas, last year launched t[...]
New rules
In theory, the Ocean Shipping Reform Act (OSRA) would, among other things, help reduce inflation by adding transparency to container handling fees. In practice, though, it’s not that simple. When President Joe Biden signed OSRA into law in June 2022, he touted it as a weapon against shipping costs that had soared during the pa[...]
Building a hub
Fairwinds Landing LLC is demolishing dilapidated infrastructure, preparing to construct new facilities and signing tenants as it transforms Norfolk Southern Corp.’s Lambert’s Point Docks in Norfolk into Fairwinds Landing, a maritime operations and logistics center supporting Hampton Roads’ offshore wind, defense and transp[...]
May 2023 For the Record
Central Virginia More than 340 union workers went on strike at the AdvanSix Inc. chemical plant in Hopewell on April 6 over contract wage negotiations. The International Chemical Workers Union Council and the United Food and Commercial Workers Union accused the New Jersey-based chemical company of trying to divide union membership by offering pay raises […]
Betting on biotech
Virginians have often sought experimental medical treatments outside the state — traveling to North Carolina, Boston or one of the Mayo Clinic’s locations. However, the Paul and Diane Manning Institute of Biotechnology at the University of Virginia aims to change that. “We intend to tackle the biggest challenges in health [...]
Farmer Focus hatches $17.8 million expansion
Harrisonburg-based Farmer Focus is undertaking a $17.8 million expansion to boost capacity at its 78,000-square foot processing facility on Acorn Drive. The organic poultry producer, which marked its ninth anniversary in March, announced in February that it was the recipient of a $3.6 million grant from the United States Departm[...]
Old Town Business league to upgrade or dissolve
Carla Clarke credits Old Town Business (OTB) league with arranging events that bring new faces into Today’s Cargo, the jewelry and gift shop she co-owns on Alexandria’s King Street. “It’s bringing new people through your door,” says Clarke. The 40-year-old nonprofit business league champions Old Town’s business commu[...]
Chesterfield’s new tech park already generating buzz
Chesterfield County Economic Director Garrett Hart received an inquiry about Upper Magnolia Green a week after the county announced in 2020 that it had purchased the property with the intent to develop a portion of it as a technology park. Intel Corp. hadn’t been able to find a site in Virginia for a $20 billion […]
