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Va. Leadership: The Power 50
What does power mean? How do you determine who wields more than others? How can you measure an intangible but very real force? In our annual list of the 50 most powerful leaders in Virginia, we set out to do just that, considering the number of employees an executive leads, personal wealth and other metrics. […]
CoStar eliminates some jobs, but plans to add about 1,000 jobs
Arlington County-based real estate data and analytics company CoStar Group on Thursday announced several substantial changes to its Virginia workforce, including the elimination of some jobs and the addition of others. The company said it plans to fill more than 1,000 new positions predominantly in Richmond, including 500 new Ho[...]
Construction kicks off on $750M Norfolk casino
After more than four years and amid shifting plans, construction has finally begun on Norfolk’s new $750 million casino resort. Norfolk Casino spokesperson Jay Smith confirmed that construction on the long-awaited project kicked off Friday near Harbor Park. While a ceremonial groundbreaking ceremony was held in October 2024, a[...]
Norfolk eyes two former school sites for development
The Norfolk city government is soliciting help to figure out how to transform two former school sites into significant assets that generate tax revenue. The city government has sent out two Requests for Information asking professional real estate development firms to provide insights on how it should develop the former Coronado [...]
Richmond water crisis shuts down many restaurants, businesses
Jan. 9 update: Richmond starts water testing, but city remains under boil water advisory “Dry January” became all too literal in Richmond, where most city residents and businesses were struggling with a water outage that started Monday afternoon and was still leaving much of a city with a population of more than 225,[...]
Leidos wins TSA contract worth up to $2.6B
Reston-based Fortune 500 federal contractor Leidos has won Transportation Security Administration contract worth up to $2.6 billion, according to a Tuesday notice on SAM.gov. TSA awarded the TSA Checkpoint Integrated Logistics Support Services contract for checkpoint maintenance services on Dec. 31, 2024. According to the reque[...]
Booz Allen to pay $15.8M fine to settle fraud allegations
Booz Allen Hamilton, the McLean-based Fortune 500 global management consultant, has agreed to pay a $15.875 million fine to the federal government to settle allegations that one of its subsidiaries violated the False Claims Act, the Department of Justice announced Jan. 3. According to the DOJ’s statement, two former progra[...]
Smithfield Foods files for IPO
Virginia’s Smithfield Foods announced Monday it has filed a registration statement to the U.S. Securities and Exchange Commission for its initial public offering. This is the first step toward the pork and packaged meats giant’s plan of selling common stock on the Nasdaq Global Select Market under the ticker symbol S[...]
Herndon office building portfolio sells for $51M
A portfolio of four office buildings in Herndon sold for $51 million, Finmarc Management announced Thursday. Dubbed Dulles Corner, the four buildings comprise nearly 620,000 square feet of Class A office space. Located at the intersection of Dulles Toll Road and Virginia Route 28, the properties are: 2411 Dulles Corner Park, an [...]
Buc-ee’s estimates first Va. location to open in June
Leave it to beaver — the behatted mascot of mega-travel center chain Buc-ee’s, that is. Texas-based Buc-ee’s projects it will open its first travel center in Virginia — its 74,000-square-foot Rockingham County location — on June 30, although the opening date is not set in stone, Buc-ee’s Media Coordinator Crissy Gonz[...]
