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Recent Articles from Sydney Lake
Navy raises General Dynamics submarine contract to $9.47B
Reston-based Fortune 100 aerospace and defense contractor General Dynamics Corp. on Tuesday received an $869 million modification to its 2017 contract to produce two U.S. Navy ballistic missile submarines. The modification raises the contract value to $9.47 billion. The original Integrated Product and Process Development contract supported the design and construction of Columbia-class ballistic mi[...]
Phase Three reopening starts July 1
Virginia will enter Phase Three of the state’s Forward Virginia reopening plan on Wednesday, July 1, ending restrictions on restaurants, retail stores and bars, among other changes, Gov. Ralph Northam said Tuesday. “This gives us about three-and-a-half weeks of Phase Two where we have been able to follow the data,” Northam said during his Tuesday […]
Virginia Bankers Association elects new board officers
The Virginia Bankers Association (VBA) announced Tuesday the newly elected officers for its 2020-21 board of directors: Chairman John C. Asbury and Chairman-Elect Leton L. Harding Jr. Asbury has been the president and CEO of Richmond-based Atlantic Union Bankshares Corp. since October 2016, and has served as CEO of its holding company since January 2017. […]
VCU-Ariz. State survey shows increased labor market activity
As states have begun to reopen for business, the national labor market has seen an increase in activity during the past two weeks, according to a biweekly survey conducted by Virginia Commonwealth University and Arizona State University economists. However, the 2.3% decrease in the national unemployment rate (which was estimated at 19.4% for the week […]
Two retail spaces in Harrisonburg sell for $5.25M
Two retail spaces in a Harrisonburg shopping center have sold for a total of $5.25 million, Harrisonburg-based commercial real estate brokerage Cottonwood Commercial announced Monday. The 2,500-square-foot Starbucks unit and a 5,000-square foot unit occupied by Potbelly Sandwich Shop and Sleep Number, a bedding store, were purchased by Zag Properties Inc. from 1756 EM LLC. […]
Norfolk apartment complex sells for $17M
The Brittany Place apartment complex in Norfolk has sold for $17 million, New York City-based commercial real estate company Berkadia Commercial Mortgage LLC announced late last week. Located at 6143 Edward Street, the complex includes 148 two-bedroom units. The Affordable Housing Corp. sold the property to 6143 Edward Street LLC in a transaction that closed […]
Danville Pittsylvania County Chamber to move Sept. 1
The Danville Pittsylvania County Chamber of Commerce announced Tuesday that it will move to leased space within the Institute for Advanced Learning and Research (IALR) in Danville as of Sept. 1. The Chamber has been located in Blairs since 2005, when the Pittsylvania County Chamber of Commerce and the Danville Area Chamber of Commerce merged. […]
JMU leaders want Confederate names removed from buildings
James Madison University announced Monday that university leadership is asking the JMU Board of Visitors to rename three campus buildings on its Quad that are named for Confederate leaders Gen. Thomas “Stonewall” Jackson, Col. Turner Ashby Jr. and Matthew Fontaine Maury. “We recognize that these building names are a painful reminder of a history of oppression, […]
Report shows 60% of Americans wear sweatpants while teleworking
Approximately 60% of Americans report that they are wearing sweatpants or athletic wear while telecommuting, according to survey results released Monday by the Alexandria-based Society for Human Resources Management (SHRM). Only 6% of respondents reported wearing business attire. “With just 6% of teleworking Americans wearing business attire at home, and 17% working in our pajamas, [&helli[...]
Gannett’s Rugged Races subsidiary to host virtual runs during pandemic
While large events have been canceled amid the pandemic, Rugged Races, a subsidiary of McLean-based Gannett Co. Inc. (the nation’s largest newspaper publisher), announced Monday it has signed a licensing agreement with Warner Bros. Entertainment Inc. to produce virtual runs with superhero and comic book characters. “Unlike a traditional road race where thousands of people […]
