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Recent Articles from Beth JoJack
Speyside Bourbon Cooperage in Smyth lays off 75 workers
Speyside Bourbon Cooperage in Atkins will lay off 75 employees at the end of April due to slowdowns in the bourbon industry, according to a Worker Adjustment and Retraining Notification (WARN) letter dated Feb. 28. Speyside plans to end second-shift production and third-shift maintenance at the Smyth County facility. Laid-off workers may be recalled “as […]
Virginia Supreme Court to hear appeal of reversal of $2B judgment for Appian
The Supreme Court of Virginia has agreed to hear a petition from software company Appian, asking to reinstate a 2022 judgment worth about $2.04 billion in a trade secrets verdict against a competitor. It’s the latest turn in the battle between Appian, which is based in Fairfax County’s McLean area, and rival Pegasystems. In 2022, […]
Executive to retire after three decades at S.L. Nusbaum
Frank H. Cowling, Jr. a partner and senior vice president of private asset management at S.L. Nusbaum Realty, plans to retire at the end of March after four decades working in commercial real estate, according to a Tuesday announcement by the Norfolk-based real estate development company. Cowling joined S.L. Nusbaum in 1994 as vice president […]
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 [...]
