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Recent Articles from Sydney Lake
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 and tr[...]
NoVa housing market continues upward trend in September
Unlike other industries struggling during the pandemic, residential real estate continues to stay strong. Northern Virginia Realtors saw a 58% increase, or nearly $1.5 billion, in the amount of real estate sold in September compared to the same time period last year, according to the Northern Virginia Association of Realtors (NVAR). The NVAR service area […]
Breeden Realty VP joins CREW Network Foundation board
Virginia Beach-based real estate developer The Breeden Co. announced Tuesday that Brenda Karp, Breeden Realty vice president, was appointed to the Commercial Real Estate Women (CREW) Network Foundation board of directors. The CREW Network is a professional association for women in the real estate profession, and its foundation works to bring more women into the […]
Va. saw initial jobless claims drop again last week
Virginia continued to see a small decline in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, and the number of continued claims filed during the week ending Oct. 10 was nearly two thirds lower than its May 16 peak. For the week ending Oct. 10, 9,110 Virginians filed initial […]
Va. tourism had record 2019, but 2020 won’t follow suit
The 2020 coronavirus pandemic and economic crisis is spelling an end to Virginia’s decade-long streak of record-breaking tourism revenues. Although Virginia’s tourism industry had another record year in 2019, posting $27 billion in spending, the commonwealth’s tourism revenue for 2020 is expected to decrease by $10 billion, a 37% drop compared to last year, according […]
Baskervill, HKS to lead Norfolk casino design, architecture
The Pamunkey Indian Tribe announced Thursday that Dallas, Texas-based HKS and Richmond-based Baskervill will serve as the architecture team for the tribe’s planned $500 million Norfolk Resort & Casino if city voters approve a Nov. 3 local referendum approving the casino development. Backed by Tennessee billionaire investor Jon Yarbrough, the casino and resort will include […]
Pocahontas Parkway operator launches toll payment app
Madrid-based Globalvia, which operates the Pocahontas Parkway (State Route 895) in Chesterfield and Henrico counties, has launched a new toll payment app that allows drivers to pay tolls in real time on Virginia toll roads without a prepaid pass. The Slora app is accepted on Virginia toll roads including Interstates 64, 66, 95, 395 and […]
Sept. Va. General Fund revenue increases 7.6%
Virginia’s General Fund revenue for September increased 7.6% compared to September 2019, Gov. Ralph Northam announced Wednesday. The increase was driven by growth in payroll withholding and corporate and recordation tax collections, according to the governor’s statement. “Virginia’s General Fund revenues are increasing, and we have been able to avoid the major revenue shocks that [[...]
Northam announces wind training alliance
Gov. Ralph Northam on Wednesday announced the formation of the Mid-Atlantic Wind Training Alliance, Virginia’s first workforce training collaborative for the offshore and onshore wind energy industries. The program will offer industry-required certifications for wind project operations and long-term maintenance. The New College Institute in Martinsville will serve as the host institution, work[...]
