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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 […]
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 […]
