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Shentel to acquire Ohio fiber company
Edinburg-based Shenandoah Telecommunications, better known as Shentel, plans to acquire Horizon Telcom for $385 million, the company announced Tuesday. Shentel will pay $305 million in cash and the rest in common stock. The transaction is expected to close in the first half of 2024. Ohio-based Horizon, founded in 1895, is a commercial fiber provider with […]
Thalhimer Multifamily adds management of five apartment communities
Thalhimer Multifamily has taken on management of five new properties, including two that expand the company’s reach into Culpeper and Front Royal. The company, a division of Glen Allen-based Cushman & Wakefield | Thalhimer, announced the management agreement for Charlottesville-based Hearthwood Apartments; Morningside [...]
October 2023 FOR THE RECORD
Central Health system Bon Secours filed suit against insurer Anthem Health Plans of Virginia Aug. 30 in Henrico County Circuit Court, alleging Anthem owes Bon Secours $93 million in unpaid claims. The plaintiff, BSMH Virginia, alleges Anthem Health Plans of Virginia, doing business as Anthem Blue Cross and Blue Shield, failed to pay “in excess […]
Bridgewater College renovates main academic building
Bridgewater College students will notice dramatic changes in Bowman Hall when they return to campus on Oct. 4 after the fall semester break. The first phase of an $8.5 million renovation of the campus’s main academic building will be finished, and the basement and first floor will reopen. The redesigned classrooms and faculty [...]
Buc-ee’s buys land for second Va. location
A second Buc-ee’s Super Center is coming to Virginia along a busy stretch of highway in Shenandoah Valley near Mount Crawford. Buc-ee’s Mt. Crawford LLC purchased 21.3 acres located at the intersection of Interstate 81 and Friedens Church Road in Rockingham County from Lispen LLC for $6.6 million, Norfolk-based S.L Nusba[...]
German yeast upcycler building plant in Rockingham
Leiber, a German manufacturer that processes brewers’ yeast into animal food, biotechnology and supplements, will invest as much as $20 million to establish its first U.S. operation in Rockingham County’s Innovation Village, adding an estimated 35 jobs. Gov. Glenn Youngkin announced the new facility Monday. It will b[...]
Growth industry
Prompted by shifts in consumer buying trends, Shenandoah Valley farmers are investing heavily in automated systems and cutting-edge growing processes to position themselves for the long haul in an industry that’s changing rapidly. Once dubbed the “breadbasket of the South” because of its bountiful wheat crops, Virginia’s[...]
Winchester shopping center sale could revitalize area
During his time on Winchester City Council, Jeff Buettner recalls, plans to revitalize Ward Plaza shopping center were a frequent topic of conversation at every council retreat, going back as far as 1998. Now, as interim executive director of the Winchester Economic Development Authority, he believes that vision is coming close [...]
Support system
James Madison University is where Angela Reddix says she found “my tribe, the godmothers of my children” — and also her future husband, Carl, whom she met on her first day on campus. “All those relationships came from JMU,” says Reddix, founder, president and CEO of Norfolk-based ARDX, a health care management and IT c[...]
Low inventory, high interest rates strap Va. housing market
Homebuyers in Virginia are continuing to feel the strain of low inventory and high interest rates. The number of active listings on the market is shrinking, and fewer new listings are coming on the market. Despite a brief uptick in inventory at the beginning the year, about 67% of the state’s counties and cities had [&hell[...]
For the record August 2023
CENTRAL VIRGINIA Buc-ee’s, the Texas-size travel center chain, completed its purchase of 27.686 acres in New Kent County for $6.5 million and will open its first Virginia location in the next two years, with three more slated across the state, S.L. Nusbaum Realty Co. announced June 16. At more than 75,000 square feet, the new Buc-ee’s […]
MBU program makes college more affordable
Entering her senior year at Waynesboro High School last fall, Emma Clark did not know whether higher education was in her future. The youngest of eight children, she was mindful that her father’s mechanic business had to provide for all her siblings. “I don’t have the access to money like other people would,” she says. [[...]
