Sign In
Free Newsletter
Recent Articles from Katherine Schulte
Logistics company expanding in Winchester
Third-party logistics warehousing provider WCS Logistics, a Winchester Cold Storage company, will invest $27 million to expand in Frederick County and create an estimated 15 jobs, Gov. Glenn Youngkin announced Tuesday. WCS Logistics will build an 83,000-square-foot cold storage facility with the capacity for more than 13,000 pallets. The facility will include 68,750 square feet […]
Leidos wins $143M DIA contract
Reston-based Leidos won a contract worth an estimated $143 million from the Defense Intelligence Agency, the Fortune 500 contractor announced Thursday. Under the single award, indefinite delivery, indefinite quantity contract from DIA’s Science and Technology Directorate, Leidos will design and implement a tasking, collection, processing, exploitation and dissemination (TCPED) system for the[...]
Capital One to buy Discover in $35.3B deal
UPDATED 8:35 P.M. Feb. 19 McLean-based Capital One Financial is buying Discover Financial Services for $35.3 billion in an all-stock deal that marks Capital One’s largest ever acquisition, the two credit card giants announced Monday evening. Under the terms of the acquisition agreement, Discover shareholders will receive 1.0192 Capital One shares for each share of […]
NoVa, Hampton Roads housing markets show positive signs
The Northern Virginia and Hampton Roads housing markets showed encouraging signs in January, despite the seasonal slowdown. Northern Virginia In Northern Virginia, January closed home sales dipped 0.9% from January 2023, with 771 units sold last month, according to the Northern Virginia Association of Realtors. Homes sold faster than in January 2023, though, with houses […]
Mack Trucks will expand Roanoke County facility
North Carolina-based Mack Trucks, a division of Sweden-based Volvo Group, will invest $14.5 million to expand its Roanoke County manufacturing operation, a project expected to create 51 jobs, Gov. Glenn Youngkin announced Friday. Mack Trucks, a medium- and heavy-duty trucks producer, will add 72,000 square feet to its current facility to increase capacity for its […]
Smithfield Foods hires two C-suite execs
Virginia-based Smithfield Foods named two C-suite executives Monday. The nation’s largest pork product manufacturer and hog producer has named Brendan Smith its chief marketing officer and Allyson Bouldon its chief ethics and compliance officer. Smith is returning to Smithfield Foods, having previously served as senior vice president and chief marketing officer for the company and […]
Virginians wager $633M on sports in December
Virginians bet about $633 million on sports in December 2023, up 25.9% from December 2022, according to data released by the Virginia Lottery on Feb. 1. December’s handle is a 0.88% decrease from November 2023, when Virginians bet $638.8 million on sports. Virginia bettors won more than $569.57 million in December 2023 and $595.8 million […]
Historic Richmond apartment building sells for $5.25M
A 32-unit apartment building in Richmond sold for more than $5.52 million on Jan. 16, according to city property records. Located at 3003 Parkwood Ave., The Parkwood was listed on the National Register of Historic Places in 2016. Built in 1941 and designed by well-known Richmond architects J. Binford Walford and O. Pendleton Wright, the […]
Northrop Grumman breaks ground on $200M Waynesboro facility
Falls Church-based Fortune 500 defense contractor Northrop Grumman broke ground Friday on its $200 million-plus facility in Waynesboro. Gov. Glenn Youngkin announced the planned facility, which will hold advanced electronics manufacturing and testing, in November 2023. Northrop Grumman anticipates creating an estimated 300 jobs — varied engineering and manufacturing roles — over the next five [...]
Franklin apartments sell for $18M
A 244-unit apartment community in Franklin sold for $18 million on Dec. 28, 2023, according to a news release from S.L. Nusbaum Realty. Located at 201 Forest Pine Road, the Forest Pine Apartments have traditional and garden-style one-, two- and three-bedroom units. The 23.27-acre property has a community swimming pool and playground area. Forest Pine […]
