Business in brief


TGM Realty Investors, Inc. has changed its name to Thalhimer Realty Partners, Inc., a change that represents the company’s continued strategic efforts to leverage the full service platform of its parent company, Cushman & Wakefield | Thalhimer, while maintaining its mission to provide real estate investment and development services on behalf of its investment partners. Thalhimer Realty Partners, Inc. manages a portfolio of commercial and multifamily assets valued at greater than $250 million.

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New Boston Fund and RER Equities, Inc. have leased 46,150 square feet of Class-A office space to Magellan Medicaid Administration at WestMark Two in Glen Allen. Magellan will occupy 23 percent of the five story, 204,622-square-foot building and is slated to move in on Sept. 1. New Boston and RER Equities have leased approximately 130,000 square feet at WestMark Two within the past five months, having previously completed an 83,414-square-foot lease with SunTrust Bank. Approximately 74,000 square feet (two floors) remain available.

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The University of Richmond’s Heilman Dining Center recently won the Loyal E. Horton Bronze Award for Residential Dining Special Event from the National Association of College and University Food Services. The winning event was a Titanic Memorial Dinner March 1, which honored the centennial anniversary of the fateful voyage. The Dining Center offered authentic dinner selections from Titanic menus and exhibited reproductions of the ship and other memorabilia, newspaper clippings from the period and a documentary of the disaster. In 2009, the Dining Center won the gold award for residential dining among medium-sized schools and the grand prize in the same category for all colleges and universities.

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Cushman & Wakefield Thalhimer recently handled the following lease negotiations: Showbest Fixture Corp. – leased 20,743 square feet at 4200-4222 Sarellen Rd.; and Dominion Uniserv Unit, Inc. – renewed its lease of 1,004 square feet in the Koger Building at 8001 Franklin Farms Dr.
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State Police urge motorists to #MoveOver during Memorial Day weekend

Memorial Day signifies the official start of summer, and Virginia State Police officials are urging motorists to "do what’s right when they see lights" and move over.

The “Move Over” law is a lifesaving law intended to protect public safety professionals and highway workers who help to maintain the safety of the Commonwealth’s roads. State Police are using the #MoveOver hashtag on social media to promote the law. > Read more.

Henrico to hold June 8 open house on Route 5 Corridor/Marion Hill study

The Henrico County Planning Department will hold an open house Thursday, June 8 for residents and other members of the public to provide input for a study of the Route 5 Corridor/Marion Hill areas.

The open house will be held from 4:30 to 7:30 p.m. at the Varina Area Library, 1875 New Market Road. The meeting’s informal structure will allow the public to attend at their convenience and to ask questions and discuss the study one on one with Planning staff. > Read more.

Henrico real estate staying strong despite low inventory

The Henrico real estate market has been relatively strong for the past month, despite a lower amount of inventory, according to data from Long and Foster Real Estate.

In the past month, 408 homes have been sold in Henrico, which is 2 percent less than were sold in the same timeframe in 2016.

Last year the median sale prices for Henrico homes was $219,975, whereas this month it's up to $232,500, a 6 percent increase. Which means half of the homes in Henrico are priced above $232,500 and half are priced below. > Read more.

Smither named director of Henrico’s Department of Finance

Henrico County Manager John A. Vithoulkas has appointed Edward N. “Ned” Smither Jr. to serve as director of the Department of Finance, effective July 1.

Smither has served Henrico since 2013 as director of the Accounting Division in Finance. He will succeed Eugene H. Walter, who has delayed his retirement until June 30 to ensure an orderly transition within the department.
> Read more.

State honors EMS officials this week

There were nearly 1.5 million emergency medical services calls and 4,063 incidents per day in Virginia just last year.

This week, May 21-27, declared as National EMS week by Gov. Terry McAuliffe, recognizes the more than 34,000 EMS personnel and 631 agencies in the state and commends their efforts and commitment to Commonwealth citizens.
> Read more.

Henrico Business Bulletin Board

May 2017
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Innsbrook After Hours continues its 32nd year with Aaron Lewis’ The Sinner Tour and special guest Travis Marvin. After releasing seven studio albums between 1996 and 2011 with his rock band Staind, singer, songwriter and guitarist Aaron Lewis went solo — and he went country. Gates open at 5 p.m. Show begins at 6 p.m. Tickets start at $20. Net proceeds from the concert series benefit the American Constitution Spirit Foundation and the Innsbrook Foundation. Rain or shine. For tickets and more information, call the IAH Hotline at 423-1779 or visit http://www.innsbrookafterhours.com. Full text

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