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New Va. unemployment claims fall by 50%
The state’s new unemployment claims for the filing week ending Nov. 27 fell by about 50% from the previous week, while continued claims rose by more than 7,000 filings. The Virginia Employment Commission installed a new unemployment insurance system in November, and it missed two weeks of reports during that period. Accord[...]
The Carlyle Group to acquire CNSI
Washington, D.C.-based private equity firm The Carlyle Group announced Thursday that affiliated funds under its management have agreed to acquire McLean-based health information technology provider CNSI. Financial terms of the transaction, which is expected to close in December, were not disclosed. Greenwich, Connecticut-based firm Alvarez & Marsal Capital Partners currently owns CNSI. “We believe CNSI […][...]
Virginians bet record $427M on sports in October
Virginians bet $427 million in October, a new monthly record, according to data released Wednesday by the Virginia Lottery. Virginia sports bettors won $397 million that month, the lottery announced. Virginia has recorded $2.4 billion in wagering since the state legalized sports betting in mid-January, as well as $206 million in[...]
$31.5M Winchester turkey plant to create 111 jobs
Minnesota-based TFC Poultry LLC will invest $31.5 million to establish its second U.S. production facility in Winchester, a project expected to create 111 jobs, Gov. Ralph Northam announced Thursday. “Virginia’s strong agriculture sector continues to play a critical role in the success of our booming economy,” Northam sai[...]
Peraton to move HQ from Herndon to Reston
Federal contractor Peraton Inc. is moving its headquarters from Herndon to Reston, the company announced Thursday. Peraton has signed a lease at 1875 Explorer St. in Reston Town Center. It expects to begin operating in the new headquarters by September 2022, after the completion of initial construction phases. In 2021, Peraton c[...]
Cushman & Wakefield | Thalhimer name SVP, commercial property services
Amy Marsden has joined the Cushman & Wakefield | Thalhimer Richmond office as senior vice president of commercial property services, the real estate firm announced Wednesday. The firm’s Commercial Property Services sector manages more than 30 million square feet. Marsden was most recently a senior area director with The RM[...]
MicroStrategy buys $414M more bitcoin in Q4
MicroStrategy Inc. bought $414.4 million worth of bitcoin — about 7,002 units — from Oct. 1 to Nov. 29, the Tysons-based business software company reported to the U.S. Securities and Exchange Commission on Monday. The company now holds about 121,044 bitcoins, for which it paid $3.57 billion total. The average purchase price [...]
Super-regional shopping center in Richmond sells for $18.25M
The Eastgate Town Center in Richmond sold for more than $18.25 million, Colliers Capital Markets announced Wednesday. Located at 4905-4995 Nine Mile Road, the 117,773-square-foot super-regional shopping center is shadow anchored by a Walmart Supercenter and was 97% occupied at the time of sale. Its tenants include Conn’s Inc.,[...]
Altria can’t sell IQOS device in U.S. after ITC ruling stands
Henrico County-based Altria Group Inc. and former subsidiary New York-based Philip Morris International Inc. can no longer sell the IQOS tobacco heating device in the U.S. after the Biden administration’s 60-day administrative review process concluded Monday. On Sept. 29, the U.S. International Trade Commission determined th[...]
3Pillar Global promotes COO, chief people officer
Fairfax-based product lifecycle management company 3Pillar Global Inc. announced two promotions Tuesday: David Sawatzky to chief operating officer and Jamie Whitacre to chief people officer. Sawatzky was previously the company’s chief delivery officer. Whitacre served as the senior vice president of talent. “Dave and Jamie a[...]
U.Va. Darden takes 9th in Bloomberg MBA program ranking
The University of Virginia’s Darden School of Business tied for No. 9 out of 84 U.S. schools in the 2021-2022 Bloomberg Businessweek Best B-Schools MBA list, released this week. The Darden School dropped from the No. 4 slot that it earned in 2019 and tied with The Wharton School of the University of Pennsylvania this [&hel[...]
Richmond pharma company Kaléo acquired
New York-based Marathon Asset Management LP announced Monday it has entered into a definitive agreement to acquire Richmond-based privately held pharmaceutical company Kaléo Inc., which is known for making injectors to treat allergic anaphylaxis and opioids overdoses. The total base purchase price is approximately $310 million [...]
