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Local investor bags Powhatan shopping center for $4.3M

Local investor bags Powhatan shopping center for $4.3M
richmondbizsense.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from richmondbizsense.com Daily Mail and Mail on Sunday newspapers.

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Medicaid support provider shutters Midlothian office as contract ends


Medicaid support provider shutters Midlothian office as contract ends
April 28, 2021
Conduent, a government services company, is moving out of 7545 Midlothian Turnpike, where it operated a support center for the state’s Medicaid program. (
Jack Jacobs photo)
With its Medicaid support contract at an end, a New-Jersey based company is winding down operations of its Midlothian office.
Conduent has closed its office at 7545 Midlothian Turnpike, where its workers ran a call center and processed eligibility applications for Virginia’s Medicaid program on behalf of the state’s department of medical assistance services.
As part of the contract, the department of medical assistance services paid Conduent about $42 million in fiscal year 2020 and in FY21 $25 million for services through Feb. 28, according to a department spokeswoman. ....

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Quasar High Yield Fund Targets Brazil and China


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RIO DE JANEIRO, BRAZIL - As the global economy gradually emerges from the coronavirus pandemic, a high-yield bond investor who has beaten 93% of peers in the past five years, is looking to Brazilian and Chinese companies to cash in on renewed growth.
Nathan Shor, a partner and portfolio manager at São-Paulo based Quasar International Cap Mgmt Ltd, who runs the US$115 million Galloway EM Hard Currency HY Bond Fund, began to invest again last year after raising cash levels at the start of the pandemic. But he is steering clear of the riskiest debt in countries . . . ....

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Developer sells GreenGate medical office building for $18M


Developer sells GreenGate medical office building for $18M
BizSense file)
Markel | Eagle Partners had about 18 million new reasons to celebrate the new year.
The real estate-focused private equity firm and developer of GreenGate last week sold the Short Pump-area project’s medical office building at 3400 Haydenpark Lane for $17.95 million, Henrico property records show.
The buyer was Nashville-based Montecito Medical Real Estate. The 49,000-square-foot building was completed in 2018 within the 75-acre mixed-use development just west of Short Pump Town Center.
Markel | Eagle President Ricky Core said the sale was in alignment with the firm’s long-term plans for GreenGate.
“We knew selling was something that was always going to be in the business plans. There were plenty of people that expressed interest in owning it, but with (Montecito) we felt a great sense of comfort,” Core said. “The long term plan (for GreenGate) is to spin off and sell assets ....

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Car washes driving mini building boom as they clean up in Richmond region


Car washes driving mini building boom as they clean up in Richmond region
January 6, 2021 7
Green Clean Auto Wash is based out of eastern Virginia but plans to have up to seven locations in Richmond. (
Courtesy of Green Clean Auto Wash)
Those in the business of keeping things clean have seen business boom during the pandemic.
That trend seems to include the local car wash industry, with three more new car washes on their way to the Richmond region.
Hampton Roads-based Green Clean Auto Wash is working on opening its first two local spots at 4810 Nine Mile Road and 8201 Brook Road in Henrico, while Tommy’s Express Car Wash is planning its fourth local spot at 12574 Broad Street Road, just west of Short Pump. ....

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