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Va. housing market broke records in 2021
Last year Virginia’s housing market was one for the record books, according to a new report released Jan. 21 by Virginia Realtors. In 2021, there were 154,340 home sales statewide, a 10.2% increase over 2020, according to the industry association. The median sales price was $350,000, a $30,000 jump, or 9.4% increase, from the previous […]
State awards $7M in grants to help with site readiness
Eleven commercial projects across the commonwealth will get a boost to help with site readiness, Gov. Ralph Northam announced Thursday. The Virginia Business Ready Site program, administered by the Virginia Economic Development Partnership, awarded $7 million in development grants. Having project-ready sites available has been a[...]
Commercial real estate leases across Va.
The following leases were completed between Dec. 14, 2021, and Jan. 10: Central Virginia Matt Gentry Agency renewed 1,151 square feet at 8401 Patterson Ave. in Richmond. Catherine Walker of Colliers Virginia handled the transaction on behalf of the landlord. American Pest Management leased 5,007 square feet at 1750 E Parham Road in Richmond. Joe […]
Bedford lays tracks for possible Amtrak stop
Leigh Ann Ellis is all aboard for Amtrak to begin stopping in the town of Bedford. In the past, Ellis, a journalism teacher at Bedford County’s Staunton River High School, had her students board the train in Lynchburg for field trips to New York or Washington, D.C. For students who live in Goodview, on the […]
Va. invests $722M in broadband expansion
Virginia Gov. Ralph Northam this week announced a state investment of $722 million in grants toward expanding high-speed internet service in 70 localities across the commonwealth. The governor says the funding will help Virginia achieve 90% of its universal broadband access goal by 2024. “Broadband access impacts every facet o[...]
Commercial real estate leasing roundup
Hampton Roads Daliza’s Dominican Beauty Salon leased 1,200 square feet of retail space at 980 J. Clyde Morris Blvd. in Newport News. Bob Saunders of Harvey Lindsay Commercial Real Estate handled this transaction. Audio Pros Inc. renewed its lease of 3,47 square feet of retail space at 894 East Little Creek Road in Norfolk. Kimberly […]
Radford University chooses new president
Radford University’s eighth president will be Bret S. Danilowicz, who’s currently serving as the provost and vice president for academic affairs at Florida Atlantic University in Boca Raton, Florida. Danilowicz, who starts his tenure at Radford on July 1, 2022, succeeds Brian O. Hemphill, who left in June to become p[...]
Hollins University alumna makes $75M donation
Hollins University has received a $75 million donation from an anonymous alumna, the largest in its history and believed to be the largest private donation to a women’s college, the university announced Thursday. The gift will fund scholarships and undergraduate financial need. It will be given in $25 million increments to[...]
Va. Tech alum donates $35M, largest single gift in school history
The largest single gift ever made to Virginia Tech, $35 million, comes from a man who grew up without running water or electricity. The university announced the gift from Norris and Wendy Mitchell Tuesday. Norris E. Mitchell, a 1958 graduate of Virginia Tech, and his wife, Wendy, committed $35 million to Virginia Tech, the large[...]
Mich. company acquires Roanoke steel distributor
Jackson, Michigan-based Alro Steel Corp. announced Monday it had acquired Roanoke-based Ace Steel Inc. Financial terms of the transaction were not disclosed. Founded in 1992, Ace Steel is a steel distributor serving the Roanoke Valley. The transaction will help Alro provide improved service for cut-to-size metals and plastics, w[...]
Commercial real estate sales roundup
Central Virginia A Starbucks at 2627 Emmet St. North in Charlottesville has been sold for $3.85 million, Cushman & Wakefield | Thalhimer announced Dec. 3. Riverbend Development sold the 2,317-square-foot freestanding building, which includes a Wells Fargo ATM. The transaction was completed by Catherine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group. Landmark […][...]
NIL no longer nil for college players
Now that the NCAA is allowing student athletes to make sponsorship deals and capitalize on their fame, Virginia Tech is working to ensure its students don’t get left behind or taken advantage of. The NCAA rule change, which went into effect July 1, allows athletes to profit from the use of their names, images and […]
