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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 […]
Carilion Clinic names first VP for philanthropy
Carilion Clinic has hired its first vice president for philanthropy in October, the Roanoke-based health system announced Monday. Ralph Alee provides strategic leadership for systemwide fundraising efforts, works with executive leadership in strategic planning for strengthening philanthropy, and will collaborate and help with Ca[...]
Virginia Council of CEOs expands to Roanoke
The Virginia Council of CEOs, a Richmond-based nonprofit serving small and midsize business owners, has expanded to Roanoke, it announced last week. The organization has launched its first CEO peer roundtable in the Roanoke market and expects to form a second group shortly. About a year ago, the council announced plans to expand[...]
Brown Edwards acquires Mitchell Wiggins
Roanoke-based accounting firm Brown Edwards LLP acquired tax, audit and business consulting firm Mitchell Wiggins on Nov. 1. With offices in metro Richmond and the Petersburg/Tri-Cities areas, Mitchell Wiggins will bring six partners and 47 team members to Brown Edwards. Brown Edwards will have an office in the former Mitchell Wiggins space in Richmond, with […]
Commercial real estate leasing roundup
The following lease transactions took place in Virginia through Nov. 8: Central Virginia Virginia Insurance Services Inc. leased 1,900 square feet at 1 Park West Circle in Chesterfield County. Tucker Dowdy and Jamie Galanti of Commonwealth Commercial Realty represented the landlord. Kala Brand Music Co. leased 29,342 square feet at 11223 Leadbetter Road in Hanover […]
Shaun McConnon donates $15M to Roanoke College
Roanoke College has received a $15 million donation, the single largest cash gift in the school’s 179-year history, college president Michael Maxey announced Thursday to the board of trustees. College alumnus Shaun McConnon, former CEO of Massachusetts-based cybersecurity company BitSight Technologies, donated the money for th[...]
Recent real estate deals around Virginia
Cushman & Wakefield | Thalhimer represented the seller, LNR Property, in the $2 million sale of part of 260 Boush Street, a multiuse commercial and residential building in downtown Norfolk. Tidewater Community College is the purchaser of the 37,065-square-foot commercial space on the first floor, plus 99 parking spaces on the second floor of the […]
Va. Tech complex to house biz programs
Fall visitors to Virginia Tech are likely to spot laborers hard at work on the university’s Data and Decision Sciences building, the first of four buildings that will make up the university’s Global Business and Analytics Complex (GBAC) — classroom and living spaces centered around using data to address problems facing bus[...]
The Branch Group names Wilber Chen head of unit
Roanoke-based construction firm The Branch Group has named Wilber W. Chen as president of its G.J. Hopkins | Lacy MEP (manufacturing, electrical and plumbing) business unit, the company announced Friday. Chen comes to Branch with more than three decades of experience in the MEP transportation and heavy civil markets. He will be [...]
