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14K+ Virginians filed initial jobless claims last week
The number of initial jobless claims filed last week reached close to its Aug. 8 peak, with more than 14,000 Virginians filing initial unemployment claims, according to Virginia Employment Commission data released Thursday. The week prior, initial claims reached more than 16,000. While there was a 12.9% decrease in claims from the previous week, the […]
Va. hotel revenues remain 51% lower than last year
Virginia hotel revenues continue to decline by more than 50% when compared with last year, according to data released Wednesday from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. Hotel revenues in Virginia dropped by 51% and rooms sold declined by 33% last week, compared with the […]
Land in Portsmouth sells for $1.05M
A 0.75-acre plot of land sold in Portsmouth for development of a car wash location, Cushman & Wakefield | Thalhimer announced Tuesday. Green Clean Holdings purchased the land located at 5820 High St. from Chesapeake-based Parker Burnell Real Estate Group for $1.05 million. The buyer plans to develop its ninth Hampton Roads Green Clean Auto […]
Va. initial jobless claims nearly doubled last week
The number of initial jobless claims filed last week jumped 93.5% — its highest level since the Aug. 8 filing week, the Virginia Employment Commission reported Thursday. For the week ending Dec. 5, 16,654 Virginians filed initial claims for unemployment, nearly a two-fold increase of 8,048 from the previous week. “While one week doesn’t constitute […]
Va. jobless claims fall to lowest level since March
The number of initial jobless claims filed last week fell to its lowest level since the pandemic’s employment effects began to be felt in mid-March, the Virginia Employment Commission reported Thursday. Initial jobless claims in Virginia dropped by 29.7% last week compared with the previous filing week, according to the VEC, while continued claims fell […]
Initial jobless claims fell again last week
The number of initial jobless claims in Virginia dropped by 4.3% last week compared to the previous filing week, the Virginia Employment Commission reported Thursday, while continued claims fell by 7.8%. For the week ending Nov. 7, 9,909 Virginians filed initial claims for unemployment, a decrease of 441 from the previous week. Last week, 91,960 […]
Hampton Roads operator of Downtown and Midtown tunnels sold in $2B+ deal
Elizabeth River Crossings HoldCo LLC, the operator of the Downtown and Midtown tunnels that run between Norfolk and Portsmouth, has been sold to Abertis Infraestructuras S.A. and Manulife Investment Management Ltd., on behalf of John Hancock Life Insurance Co., for more than $2 billion. Elizabeth River Crossings operates four tunnels and a highway in the […]
Initial jobless claims dropped 16.2% last week
The number of initial jobless claims in Virginia dropped by 16.2% last week, the Virginia Employment Commission reported Thursday, and the number of continued claims was three-quarters lower than its May 16 filing week peak. For the week ending Oct. 31, 10,350 Virginians filed initial claims for unemployment, a decrease of 2,002 from the previous […]
Portsmouth casino to solicit minority ownership
Portsmouth‘s casino development partner, Rush Street Gaming, announced Thursday that it will offer 5% or $5 million ownership (whichever is greater) of the proposed $300 million Rivers Casino Portsmouth to a local minority-owned business or private investor who is a person of color. “Rush Street has a track record of including minority participation in their […]
Portsmouth, Rush Street Gaming unveil casino renderings
After receiving pre-certification from the Virginia Lottery Board last week to operate a Virginia casino, Rush Street Gaming on Tuesday revealed more details about the proposed $300 million Rivers Casino Portsmouth, including the first renderings of the gaming, conference and hotel complex. The 400,000-square-foot Rivers Casino Portsmouth will include slot machines, table games and poker, [&hellip[...]
Va. Lottery Board advances Portsmouth casino
The city of Portsmouth announced Wednesday that its preferred casino gaming partner, Chicago-based Rush Street Gaming, has been pre-certified by the Virginia Lottery Board to operate a Virginia casino. The pre-certification is necessary to move forward with a local gaming referendum in November. “We are grateful for the Lottery Board’s diligence on this matter and […]
Coffee roasting company to build Suffolk distribution center
Massimo Zanetti Beverage USA Inc. (MZB-USA) announced Thursday it will build a 355,933-square-foot distribution center in Suffolk to support its headquarters and main coffee roasting operations in Portsmouth. The distribution center will be located in the Virginia Port Logistics Park, which is located approximately 30 miles from the Port of Virginia. Construction on the warehouse […]
