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Recent Articles from Sydney Lake
Va. saw jobs recovery drop in September
After recovering a total of 68,000 jobs in August, Virginia saw its labor force fall by 71,954, or 1.7%, in September, according to employment statistics released Tuesday by the Virginia Employment Commission. Between September 2019 and September 2020, the VEC estimates that Virginia has lost 207,100 jobs a 5.1% decrease. The commonwealth also saw a […]
Smithfield Foods CEO to retire
Smithfield Foods Inc., the world’s largest pork processor and hog producer, announced Monday that President and CEO Kenneth M. Sullivan will retire in early 2021 after nearly 20 years with the company. Chief Operating Officer Dennis Organ will succeed Sullivan as president and CEO following his retirement. Organ joined the company in 2010 and for […]
Could telework be the new normal for federal workers?
Telework could be here to stay, according to findings from a survey of top federal government executives released Tuesday by Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC). A majority of the 300 respondents surveyed by Market Connections said they expect the technology changes put in place at their federal agencies in response […]
Chippenham Hospital reaches Level I trauma status
Health care network HCA Virginia announced Monday that Chippenham Hospital on Oct. 15 was designated by the commonwealth of Virginia as a Level I Trauma Center, making it the only such center in the southern Richmond metropolitan area. Level I Trauma Centers provide more care options for severely injured patients and the accreditation is the […]
Williamsburg apartment complex sells for $46.5M
An apartment complex in Williamsburg sold for $46.5 million, commercial real estate firm Colliers International announced Wednesday. Located at 100 Whitworth Way, Elan-Williamsburg is a 198-unit apartment complex developed by Charleston, South Carolina-based real estate developer Greystar in 2018. It was sold to Glen Allen-based real estate investment group Capital Square 1031. Nine different floo[...]
BAE Systems wins $65.7M Navy contract
The U.S. Navy awarded Arlington-based defense contractor BAE Systems Inc. (the U.S. subsidiary of United Kingdom-based BAE Systems plc), a $65.7 million contract to develop, produce, test, evaluate and update air traffic control systems for the branch, the U.S. Department of Defense announced Thursday. Under the contract, BAE Systems will also develop and support test […]
John Marshall Foundation announces name change
The John Marshall Foundation, which raises funds for education about the rule of law under the Constitution, will now go by the John Marshall Center for Constitutional History & Civics, the nonprofit announced Friday. “The new name seeks to convey to the public that everyone is invited, that people lie at the center of its […]
Virginia Realtors turns 100
This month, Virginia Realtors will be 100 years old, marking its anniversary as a centenarian while the residential real estate market in Virginia continues to climb despite the pandemic. Founded on Oct. 22, 1920, Virginia Realtors has become one of the largest trade associations in the state, representing 35,000 members in the residential and commercial real […]
Northam directs $73M to home health care worker hazard pay
Home health care workers who served elderly people or those suffering from disabilities during the early months of the pandemic will receive a one-time $1,500 hazard payment from the state government, Gov. Northam announced Thursday. Northam announced $73 million in federal CARES Act funding would be disbursed among an estimated 43,500 home health care workers […]
GTT Communications to sell infrastructure division for $2.15B
McLean-based telecommunications company GTT Communications Inc., which provides high-speed internet and cloud networking services to more than 144 countries, announced Friday it will sell its infrastructure division to Miami, Florida-based I Squared Capital for $2.15 billion. Under the definitive purchase agreement, I Squared Capital would obtain GTT’s Pan-European, North American, subsea an[...]
