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05-18-18           Have a business tip? Let us know!
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Local business news

Custom built 12-acre riverfront estate at Berry Plains in King George can be yours (Fredericksburg.com)
6235 Berry Plains Landing in King George County is a 12-acre property on a bluff overlooking the Rappahannock River. Historic Berry Plain Farm is next door, across the river is Caroline County.

Private screening at Paragon features movie made by Stafford County middle school students (Fredericksburg.com)
Wednesday evening at Paragon Village 12, about 200 middle- schoolers and their friends and families enjoyed a private screening of a feature-length movie created by the Film Club at A.G. Wright.

'Found money' in Spotsylvania school budget spurs debate (Fredericksburg.com)
During a meeting last week, Supervisor David Ross and three residents questioned what they described as "found money" by the School Board after the supervisors had approved the county budget.

Mary Washington Healthcare Regional Cancer Center

Hilldrup acquires Suddath Relocation Systems (Fredericksburg.com)
Hilldrup will acquire Suddath's domestic household goods, commercial moving and storage operations, and its real estate in Forestville. Both relocation companies are top agents of UniGroup.

St. George's will hold a 'blessing of the shoes' service for those running in Sunday's Historic Half Marathon (Fredericksburg.com)
The downtown church, which is on the Historic Half's 13.1-mile route through Fredericksburg, will host a Blessing of the Shoes at 5:30 p.m. Sat. This is the fourth year St. George's has held the service.

Fred Focus (Fredericksburg Department of Economic Development and Tourism)
'Thunder Alley' returning for Marine Corps Historic Half; a video showcasing Celebrate Virginia South properties; a new library parking lot - see what's happening in the city's weekly newsletter.

Virginia and the District

On Maryland's Gibson Island, year-round living and year-round play (Washingtonpost.com)
When J.W. Rayder and his family started looking for a weekend home, they searched mainly on the Eastern Shore. Then they discovered Gibson Island - you don't have to cross the Bay Bridge to get there.

Westminster Canterbury plans to buy part of the former Azalea Mall property to expand its senior community (Richmond.com)
Westminster Canterbury Richmond senior living community, which has seen explosive growth in the past decade, is looking to grow again. The company plans to buy a 10.6-acre tract next to its campus.

Richmond chef Brittanny Anderson competing on Food Network's 'Iron Chef America' Sunday night (Richmond.com)
Hosted by Alton Brown, Iron Chef America pits an up-and-coming chef against an Iron Chef in culinary warfare that involves secret ingredient challenges that test even the most experienced cooks.

Second Chance Farm: Four broken men, six discarded racehorses, one place saving them (Washingtonpost.com)
At least 52,000 horses - many of them discarded racers - were exported to Canadian and Mexican slaughterhouses in 2016. Other groups estimate the number is closer to 79,000.

She was hired to help turn around Hampton Roads Regional Jail. Now she's leaving (Pilotonline.com)
An official hired in 2016 to turn around the Hampton Roads Regional Jail is retiring, becoming the facility's second top executive to leave this year. Her boss resigned in March after one year on the job.

Dave Matthews Band said to fire violinist Boyd Tinsley amid sexual misconduct allegations (Dailyprogress.com)
The Dave Matthews Band's longtime violinist, Boyd Tinsley, is no longer a member of the band amid sexual misconduct allegations involving the Charlottesville-based musician.

Around the U.S. and beyond

US average mortgage rates at 7-year highs; 30-year 4.61 pct. (Fredericksburg.com)
The benchmark 30-year rate pushed toward the significant 5% level. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.61%, up from 4.55% last week.

Homes for Sale in the Hamptons (NYTimes.com)
In Sagaponack, N.Y., a five-bedroom, five-full-, two-half-bath house built in 2004 with a library, three fireplaces, a screened porch, an attached two-car garage, a backup generator and a gunite pool.

It will be months before lava from Hawaii volcano can be removed from neighborhoods (CNBC.com)
Recovery can begin once the lava cools and hardens to a relatively soft basaltic rock. Those who can afford it will hire contractors with heavy equipment to clear the hardened lava from their land.

Entrepreneurship and personal finance

Ways to cash in on your home equity and the tax implications of doing so (Washingtonpost.com)
People have more home equity now than they did at the height of the housing bubble, partly because of climbing prices and partly because people are staying in their homes longer.

Inflation Is Back (Sort Of) - Is Commercial Real Estate An Inflation Hedge In The 'New Normal'? (Forbes.com)
Recent data indicates that inflation is finally making a comeback. The Federal Reserve's preferred indicator (PCE) is at their long stated goal of 2.0%. Construction costs are spiking due to labor shortages.

Weather Friday: Rain and thunderstorms (Fredericksburg.com)
Areas of patchy fog early. Periods of rain. High 66F. Winds ENE at 10 to 15 mph. Chance of rain 100%. Rainfall near a half an inch.

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