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Roanoke County laying off 287 part-time workers
Roanoke County announced Friday it will lay off 287 part-time employees, many of whom work in the parks and recreation department. The layoff will start April 24 and “is intended to be temporary, pending future economic conditions,” according to a news release. The cuts affect 232 parks and recreation workers, 50 in public libraries and […]
Roanoke apartments sell for $2.3M
The West End Flats apartments in Roanoke has sold for $2.3 million, Roanoke-based Waldvogel Commercial Properties Inc. announced Monday. The apartment complex includes 24 one-bedroom, one-bathroom apartments and A Few Old Goats microbrewery, which is located at 515 8th St. SW. The transaction closed on April 10. The property[...]
Carilion Clinic furloughs workers, reduces hours
With its regular ambulatory and inpatient care declining by 40% to 70% during the COVID-19 crisis, Roanoke-based Carilion Clinic announced Tuesday it is furloughing employees to reduce expenses. It follows similar measures taken by other health care systems operating in Virginia including Bon Secours Mercy Health and Ballad Health. The number of employees who will be […]
Student housing community to be built near Virginia Tech
A 517,000-square-foot student housing community will be built near Virginia Tech, New York City-based Eyzenberg & Co. announced Thursday. Financial terms of the development have not been disclosed. Charleston, South Carolina-based real estate developer Greystar will develop the 424-unit property on a 11.5-acre lot at 100[...]
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, [...]
