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Radford University off-campus apartments sell for $36.1M
More than 200 apartment units near Radford University sold for $36.1 million, Richmond-based real estate company One South Commercial announced this week. The buildings bought by Highland Apts I LLC, a special-purpose entity (SPE) associated with Reston-based real estate investment firm Willow Creek Partners. Radford-based devel[...]
Roanoke construction company promotes senior VP
Roanoke-based construction company Branch Builds announced Tuesday it has promoted Cathy Underwood to senior vice president and regional business unit leader. Underwood was most recently vice president at the company, and in her new role she will pursue new business opportunities and manage the Roanoke and Charlotte, North Carol[...]
Virginia Tech names VP for student affairs
Frank Shushok Jr. has been named vice president for student affairs at Virginia Tech, the university announced Monday, and will officially begin on April 10. He has been the interim vice president since October, overseeing more than 3,000 faculty, staff and student employees in 20 departments. Student affairs also oversees dinin[...]
Roanoke city real estate made a rebound. What now?
The city of Roanoke’s real estate values increased by 4.74% last year, the biggest property value increase for the Star City since 2007. Commercial properties’ assessed value jumped by 4.55%. But with the U.S. stock market plummeting to 1987 record lows in March as the coronavirus pandemic disrupted life across the nation, m[...]
Colonial Downs Group will pay Rosie’s employees through April
After closing its popular Rosie’s Gaming Emporiums and the Colonial Downs Racetrack in light of the COVID-19 pandemic, Colonial Downs Group announced Wednesday that it will pay all company employees through April and will also transition its Rosie’s Kitchens to providing 20,000 free “grab and go” meals fo[...]
Coronavirus spreads to Southwest Virginia
A Botetourt County woman in her 80s who is in serious condition at Carilion Roanoke Memorial Hospital is the first confirmed case of COVID-19 in Southwest Virginia, Carilion Clinic and Botetourt County officials confirmed Thursday. The woman was admitted to the hospital on March 16, exhibiting COVID-19 symptoms, according to Dr.[...]
HHHunt names new COO
Blacksburg-based real estate company HHHunt Corp. promoted Stephen Fritz to chief operating officer, the company announced Tuesday. Fritz was most recently senior vice president of HHHunt and president of HHHunt Homes. As COO, he will serve on the company’s executive committee. He will be based in the Richmond and Raleigh offi[...]
Pulaski shopping center sells for $5.25M
A 112,340-square-foot retail center in Pulaski was sold for $5.25 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The shopping center located at 1200 E. Main St. in Pulaski was 91% leased at the time of the sale. Tenants of Pulaski Plaza include Food Lion, Peebles, Badcock Furniture, [...]
Cyclical patterns
Last June, Volvo Group announced plans to invest nearly $400 million, add 350,000 square feet to its Dublin complex in Pulaski County — already the largest Volvo truck plant in the world — and hire 777 new workers over the next six years. Five months after that announcement, though, Volvo said it would lay off […]
Healthy and wealthy
Roanoke County’s main street — Electric Road (state Route 419) — is getting a big boost from the region’s largest employer. Carilion Clinic announced in September it had leased 150,000 square feet at Tanglewood Mall to accommodate Carilion’s growing children’s outpatient practices. Carilion, the Roanoke nonprofit tha[...]
ROA passenger traffic up 7.1% from last year
The Roanoke-Blacksburg Regional Airport’s (ROA) January grew 7.1% on a year-over-year basis, with 53,016 passengers flying in January 2020, the airport announced Friday. ROA has sustained passenger growth since September 2016. In January 2019 to January 2020 there were 3,552 more passengers — 114 more passengers per day. “Passenger demand is a critical factor when […]
Bedford shopping center sells for $8.4M
A shopping center in Bedford has sold for $8.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Bedford Plaza is a 112,649-square-foot retail center that has tenants including Dollar Tree, Goodwill, Tractor Supply, Virginia ABC, the Virginia Department of Motor Vehicles, among restaurants [...]
