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Sentara Healthcare acquires Fla. insurance company
Norfolk-based Sentara Healthcare has acquired AvMed Inc., a not-for-profit health plan company based in Miami, from SantaFe HealthCare Inc., Sentara announced Thursday. Financial terms of the deal, which closed Dec. 31, 2022, were not disclosed. AvMed is a health insurance company with more than 200,000 members and 35,000 providers and nearly 500 employees. It offers […]
Va. Beach office building sells for $15.5M
Charlottesville-based Seminole Trail Management LLC is the new owner of Pinehurst Centre, a 99,337-square-foot office building in Virginia Beach, Colliers announced Jan. 9. Virginia Beach-based real estate developer Robinson Development Group sold the four-story, Class A office building to Seminole Trail for $15.5 million. The o[...]
GTT Communications emerges from Chapter 11
McLean-based GTT Communications Inc. has completed its financial restructuring process and emerged from Chapter 11 cases, the telecommunications company announced Jan. 3. “The transformed company is repositioned to focus on providing customers with industry-leading managed network and cloud security services that leverage the company’s global Tier 1 IP network,” GTT wrote in a news release. […][...]
Nat’l Science Teaching Assoc.’s Arlington HQ sells for $14M
The Arlington headquarters of the National Science Teaching Association has sold for $14 million, CBRE announced Thursday. Washington, D.C.-based The Fortis Cos., a real estate development and investment company, purchased the 48,000-square-foot building at 1840 Wilson Blvd. The transaction also includes two on-site restaurants:[...]
Roanoke custom printing company buys building for $1.65M
Roanoke-based custom screen-printing and embroidery company Press Press Merch LLC purchased a Roanoke County building for $1.65 million as its new business location, Cushman & Wakefield | Thalhimer reported Wednesday. Press Press Merch bought the 32,926-square-foot property at 4721 Starkey Road, just outside the city, from S[...]
Arko CFO to retire this year
Arko Corp. Chief Financial Officer Don Bassell will retire by the end of 2023, the Fortune 500 holding company for Henrico County-based convenience store chain GPM Investments LLC announced Tuesday. “It has been an honor to work alongside our dynamic executive team and employees to grow the company into the leader it is today [...]
Fourth generation is now driving Estes Express Lines
Richmond-based Estes Express Lines, now entering its 92nd year, has promoted Webb Estes to president and chief operating officer, while his father, former president Rob Estes, will continue as board chairman and CEO of North America’s largest privately owned freight carrier. Billy Hupp, another family member who previously[...]
Fertility testing startup to establish $1.4M Albemarle HQ
Life sciences startup PS-Fertility Inc. will invest $1.4 million to establish its headquarters and operations in Albemarle County and plans to create 31 jobs, Gov. Glenn Youngkin announced Wednesday. PS-Fertility Inc. will commercialize a male fertility diagnostic technology that was originally developed at the University of Virginia. The company will lease 4,000 square feet at […]
VW America CEO named Autos Drive America chair
Pablo Di Si, the Herndon-based president and CEO of Volkswagen Group of America, has been elected chairman of Autos Drive America, a trade association that represents 12 international automakers with presences in the United States, Volkswagen announced Tuesday. Previously executive chair of Volkswagen’s South America regio[...]
VCU names medical school dean
Dr. Arturo P. Saavedra will be the next dean of the Virginia Commonwealth University School of Medicine and executive vice president for medical affairs at VCU Health, the university announced Monday. His appointment is effective April 15. Saavedra is currently chair of the University of Virginia’s dermatology department a[...]
Roanoke couple gives Carilion $1M toward expanding cancer services
Roanoke businessman George Logan and his wife, Helen Harmon Logan, have donated $1 million to Carilion Clinic to help fund expansion of the Roanoke-based health system’s cancer services. “The Logans have contributed much to Carilion and to our community’s success over the years,” Ralph Alee, Carilion’s vice preside[...]
Rivers Casino Portsmouth opening delayed
Rivers Casino Portsmouth‘s grand opening has been delayed until Jan. 23, eight days after its initially scheduled opening planned for Jan. 15, the casino announced Tuesday. The casino wanted to allow for additional time to test and verify new gaming equipment, a spokesperson for the casino said in an email. “Providing [...]
