Virginia Businesses in the News


Real Estate

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

Douglas Development Corp., a Washington, D.C.-based entrepreneurial real estate development company, purchased the 15-story downtown Richmond office building known as the Seventh and Franklin building from Montgomery County, Md.-based Chevy Chase Land Co. for $6.3 million. (08/14/03, Richmond Times-Dispatch)

The Dickenson County Industrial Development Authority was granted a loan of more than $1.7 million from the Virginia Coalfield Economic Development Authority, to purchase the property around the Dickenson County Medical Center in order to restore the medical facility and its jobs. (08/12/03, The Roanoke Times)

Faison Enterprises, a Charlotte, N.C.-based real estate firm, plans to sell four regional shopping mall properties for $340 million in cash and debt to CBL & Associates Properties Inc., a real estate investment trust headquartered in Chattanooga, Tenn. Included in the deal are Southpark Mall in Colonial Heights, River Ridge Mall in Lynchburg, and Valley View Mall in Roanoke. (07/26/03, Richmond Times-Dispatch)