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Navy Federal ordered to refund customers $80M, pay $15M civil penalty
The Consumer Financial Protection Bureau is ordering Navy Federal Credit Union to refund more than $80 million to customers and pay a $15 million civil penalty for allegedly charging illegal overdraft fees. CFPB announced the actions against the nation’s largest credit union on Thursday. CFPB alleges that from 2017 to 2022, Vi[...]
Developer downscales plans for Pittsylvania power plant/data center campus
The developer planning a natural gas power plant and data center campus on 2,233 acres in the Banister and Callands-Gretna districts of Pittsylvania County withdrew its rezoning application Monday, after facing vocal opposition from residents at public meetings held last week. Instead, Herndon-based Balico, the development com[...]
Caesars Virginia casino sets opening date
The Caesars Virginia resort casino in Danville will open Dec. 12, Nevada’s Caesars Entertainment announced Thursday. A $750 million, 587,000-square-foot casino and resort hotel in Danville’s Schoolfield neighborhood, the permanent casino will replace the temporary Caesars casino that opened nearby in May 2023. Accord[...]
Accenture Federal Services wins $1.6B task order
Accenture Federal Services has been awarded a task order of up to $1.6 billion to scale and enhance Cloud One, the cloud computing platforms available to the U.S. Department of Defense that are managed by the Air Force, the Arlington County federal contractor announced last week. “Accenture Federal Services will help the U.S[...]
Virginians wager $622M on sports in September
Virginians bet $622 million on sports in September, up 19.6% from September 2023, according to Virginia Lottery data released Friday. Virginia bettors won $550.5 million in September. About $618.3 million of September’s gross sports gaming revenues came from mobile operators, and the remaining $3.7 million came from casino ret[...]
Work begins on phase 2 of McLean affordable housing development
Construction has started on the second phase of the two-phase Somos at McLean Metro, an affordable housing development backed by Amazon.com, SCG Development, a Tysons real estate developer, announced last week. Work on the 231-unit first phase began in April. Phase B will add 225 new units, a mix of studio and one-, two- and [&h[...]
Boykin retiring as NNS president; Wilkinson named as successor
Jennifer Boykin, the president of Newport News Shipbuilding, will retire at the end of the year, parent company Huntington Ingalls Industries announced Wednesday. Kari Wilkinson, the president of HII’s Ingalls Shipbuilding based in Mississippi and executive vice president of HII, will succeed Boykin in January. Boykin has [...]
Petersburg casino passes with 81% of unofficial vote
Updated Nov. 6 More than 80% of Petersburg voters said yes to the city’s casino referendum, according to unofficial Election Day results from the Virginia Department of Elections, as of 9:45 p.m. Tuesday. The vote gives a green light to Cordish Cos.’ $1.4 billion Live! Casino & Hotel, set to be built on an undeve[...]
U.Va. Wise receives largest ever donation
The University of Virginia’s College at Wise has received its largest ever donation, $11.2 million, from The Bill Gatton Foundation, the Wise County college announced Monday. The late Carol Martin “Bill” Gatton, a successful businessman who owned the Gatton Automotive Group with dealerships in Kentucky and Tenn[...]
NoVa developer won’t pull plans for Pittsylvania power plant, data centers
Despite vocal public opposition, developer Irfan Ali of Herndon-based company Balico says he’s still moving forward with seeking local government approval for a power plant and data center campus he wants to build on 2,233 acres in the Banister district of Pittsylvania County. County residents turned out in large numbers for[...]
Thalhimer now sole principal for Diamond District redevelopment
Loop Capital is no longer affiliated with the development partnership working on the mixed-use development component of Richmond’s $2.4 billion Diamond District project, leaving Thalhimer Realty Partners as the development team’s sole principal. The partnership, a limited liability company named Diamond District Partners[...]
CoStar makes deal to move into Arlington HQ in early 2025
CoStar Group is accelerating its headquarters move from Washington, D.C., to Arlington County, thanks to a deal with a tenant in the headquarters building that included a $48 million early termination fee. The global real estate data and analytics company, best known for its Apartments.com and Homes.com marketplaces, announced p[...]
