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Bon Secours sues Anthem for $93M
Health system Bon Secours filed suit against insurer Anthem Health Plans of Virginia Monday in Henrico County Circuit Court, alleging Anthem owes Bon Secours $93 million in unpaid claims. The plaintiffs, collectively titled BSMH Virginia, allege that Anthem Health Plans of Virginia (doing business as Anthem Blue Cross and Blue Shield) failed to pay “in […]
Four Prince William shopping centers sell for $52.8M
A portfolio of four regional shopping centers in Prince William County’s Dale City area has sold for $52.8 million, the joint venture of buyers announced Monday. Located less than 3 miles apart along Dale Boulevard, the 1970s-era shopping centers — Center Plaza, Mapledale Plaza, Forestdale Plaza and Glendale Plaza — t[...]
Low inventory, high interest rates strap Va. housing market
Homebuyers in Virginia are continuing to feel the strain of low inventory and high interest rates. The number of active listings on the market is shrinking, and fewer new listings are coming on the market. Despite a brief uptick in inventory at the beginning the year, about 67% of the state’s counties and cities had [&hell[...]
Henrico shopping center sells for $10.1M
A neighborhood retail center in Henrico County sold for $10.1 million on Aug. 17. Named The Shops at Wellesley, the 42,318-square-foot shopping center is located at 3416-3470 Lauderdale Drive. The center was built in 1992 and occupies a 6.99-acre lot, according to county property records. It was 94% leased at the time of sale wi[...]
Bowman Consulting names new Fairfax branch manager
Reston-based Bowman Consulting Group has promoted Brad Glatfelter to manage its Fairfax County branch, the company announced Wednesday. Glatfelter joined the company as a project manager in 2014. As branch manager, he will oversee day-to-day operations, execute strategic business plans, drive utilization goals and maintain re[...]
AREP, partners acquire Ashburn townhome community
CityHouse Ashburn Station, a 200-unit luxury townhome community in Loudoun County, has sold for $120 million. New York-based Rithm Capital, McLean-based American Real Estate Partners and New Jersey-based GreenBarn Investment Group closed the purchase from Dream Finders Homes on Monday. AREP and GreenBarn are co-general partners for the project. Rithm is providing equity capital, in […]
New federal per diem rates provide bump for hotels
The federal government’s fiscal 2024 per diem reimbursement rates — released Aug. 16 by the General Services Administration — will largely benefit Virginia’s hotels, but not necessarily its restaurants. The continental United States (CONUS) rates — dictating lodging allowances and meals and incidental expenses (M&I[...]
Charlottesville-based Virginia Diodes to expand, invest $2.5M
Virginia Diodes Inc. (VDI) will invest $2.5 million to expand its operations in Charlottesville, adding an estimated 24 jobs, Gov. Glenn Youngkin announced Thursday. VDI was founded in Charlottesville in 1996 as a spinoff from the University of Virginia and in 2004 established its headquarters at the city’s Ix Art Park complex. The company manufactures […]
Parsons acquires Md. federal contractor for $200M
Centreville-based Fortune 1000 defense contractor Parsons has acquired Maryland-based contractor Sealing Technologies in a deal valued at $200 million. Parsons announced the deal Wednesday. The acquisition expands Parsons’ customer bases across the Department of Defense’s intelligence community and enhances its capab[...]
Ruling clears way again for Richmond casino referendum
A Richmond Circuit Court judge issued another ruling Wednesday clearing the way for a Richmond casino referendum to appear on ballots this November. Richmond Circuit Court Judge W. Reilly Marchant ruled against the Richmond Lodge No. 1 of the Good Lions Inc., a nonprofit organization that had filed a motion to block the casino v[...]
ABC reports almost $1.5B in FY23 revenue
The Virginia Alcoholic Beverage Control Authority reported $1.47 billion in gross revenues for fiscal year 2023, up $54.3 million over the prior fiscal year, on Wednesday. The reported revenue is a record for the authority. This is the fifth year that ABC has brought in revenues above $1 billion. As a division of the state [&hel[...]
Dominion, Dulles solar project to power 37,000 Va. homes
A massive solar project that will soon begin to take shape at Washington Dulles International Airport will not only have the ability to power 37,000 Virginia homes, but will also send a message to travelers about the power of clean energy, officials said Tuesday during a ceremonial groundbreaking for the 835-acre Dulles Solar a[...]
