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Recent Articles from Beth JoJack
Beacon Roofing is target of $11B acquisition bid
Herndon-based Fortune 500 company Beacon Roofing Supply is in discussions to be acquired by Connecticut software and tech services company QXO in a deal valued at about $11 billion. “It‘s not a done deal yet, but we’re in friendly discussions,” Joe Checkler, a spokesperson for QXO, said of the move to acquire Beacon, a roofing […]
Dominion files for SCC approval of Chesterfield gas-fired plant
Dominion Energy submitted an application with the Virginia State Corporation Commission Monday to install four natural gas-fired turbines on 95 acres at the utility’s Chesterfield Power Station. Dubbed the Chesterfield Energy Reliability Center (CERC), the facility, which is expected to cost $1.47 billion, will generate 944 megawatts of energy. The plant will provide electricity to […[...]
231-unit apartment complex near U.Va. slated to open in 2027
Work began in mid-February on Blume on Ivy, a 231-unit apartment building on Ivy Road, near the University of Virginia’s School of Data Science. The project is being developed by Up Campus Student Living, a Chicago-based investor, developer and manager of student housing and campus-area real estate. It‘s slated to open in fall 2027. A […]
Timmons Group opens Roanoke office
Timmons Group has opened an office on Norfolk Avenue in Roanoke, according to a Thursday announcement by the engineering, design and technology services firm, which has headquarters in Chesterfield County. Timmons has 20 offices, including the new Roanoke office and its headquarters, located across Virginia, North Carolina, Maryland, South Carolina, Texas and Washington, D.C. Located […]
Health Care: New facilities for Virginia’s health systems
For Virginia’s health care landscape, the last 12 months were a time of growth. Some health systems opened new facilities, while others got started on projects designed to serve the patients of tomorrow. Other big news from last year: the summer opening of the Macon & Joan Brock Virginia Health Sciences at Old Dominion University, […]
Real Estate and Construction: Stagnant with some silver linings
Realtors slogged through another sluggish market in 2024. Pollyanna types will point out that the commonwealth did see 4,000 more home sales in 2024 than in the previous year, according to Virginia Realtors data. On the other hand, the 102,509 homes that sold in Virginia in 2024 were down 18.8% from 2019 sales. Mortgage rates remained […]
Federal watchdog reverses course, drops Capital One lawsuit
The Consumer Financial Protection Bureau reversed course Thursday and dropped a federal lawsuit against McLean-headquartered Capital One and its parent company, Capital One Financial, which alleged the companies cheated millions of consumers out of more than $2 billion in interest payments. The U.S. government’s watchdog charged with protecting consumers from financial institutions filed a [...]
Herndon tech distributor names new president
Four Inc., a Herndon distributor of technology products to the government, announced earlier this month that it has named a new president and CEO to replace former leader and co-founder Jeff Nolan, who is now executive vice chair of Four’s board. David Stewart, previously Four’s chief operating officer, began his new role Feb. 5, according […]
BWXT wins $2.1B in U.S. Naval Nuclear Propulsion Program contracts
The U.S. Naval Nuclear Propulsion Program has awarded BWX Technologies contracts totaling about $2.1 billion, the Lynchburg-based nuclear components and fuel supplier manufacturer announced Wednesday. The contract involves nuclear reactor component manufacturing and material procurement for Columbia and Virginia class submarines and Ford class aircraft carriers. The work will be performed at the B[...]
Capital One, Discover shareholders approve $35.3B acquisition
The proposed $35.3 billion blockbuster acquisition of Discover Financial Services by Capital One Financial has been approved by each company’s shareholders, the credit card giants announced Tuesday. Stockholders representing 85.1% of the total number of outstanding shares of Capital One common stock were in favor of the acquisition at a Tuesday meeting held in McLean. […]
