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Caesars Danville opens temporary casino
Virginia’s third casino opened its doors Monday in Danville to hundreds of guests lined up to take a look inside Caesars Virginia’s 40,000-square-foot temporary casino. While the $650 million permanent resort, which is expected to open in late 2024, is being constructed next door, the temporary facility will offer gu[...]
NG receives $244.6M for ballistic missile work
Falls Church-based Northrop Grumman Corp. has received a $244.6 million modification to a previously awarded contract to continue work on ballistic missile defense system capabilities, the Pentagon announced May 9. The indefinite-delivery/indefinite-quality contract continues development, integration, testing and fielding of complex advanced discrimination techniques, operation and sustainment of complex modeling, and simulation techniq[...]
Hampton Roads housing inventory rises, listings still low
Residential inventory in Hampton Roads has risen slightly from last year, although active listings remain below pre-pandemic levels, according to April data from the Real Estate Information Network Inc. (REIN). Active listings in April were down 0.97% year-over-year from the 3,187 listings that REIN recorded in April 2022. Pending sales stood at 2,363, down 21% […]
Two execs take on new roles at Harvey Lindsay
Harvey Lindsay Commercial Real Estate President Robert M. King will add chairman of the board to his responsibilities, and Robert M. Beasley Jr. is now executive vice president for brokerage services, the Norfolk real estate firm announced Monday. King is taking over the role from Harvey Lindsay Jr., who died on April 19. He has[...]
Snyder, Harris reach agreement on Washington Commanders sale
Washington Commanders owner Dan Snyder has reached an agreement for the reported $6 billion sale of the Ashburn-based NFL team to a group led by Bethesda, Maryland-based billionaire Josh Harris. News of the sale was posted on the team’s website and on Twitter Friday afternoon. “We are very pleased to have reached an [...]
CoStar makes $18M pledge to VCU for arts building
CoStar Group, the Washington, D.C.-based real estate data analytics company with a large presence in Richmond, has committed to give $18 million to Virginia Commonwealth University to build an arts and innovation academic building in Richmond, the company announced Friday. The building, which will tentatively be named the CoStar[...]
Air compressor maker plans $7.4M Norfolk expansion
Norfolk-based Bauer Compressors Inc., a subsidiary of Munich-based Bauer Kompressoren Group, will invest $7.4 million to expand its production capacity in Norfolk, creating an estimated 47 jobs, Gov. Glenn Youngkin announced Wednesday. The company will increase its capacity to produce hydrogen and natural gas compressors. “Bauer’s long-term success in the city of Norfolk reinforces the […][...]
NSU receives $1M donation for chair endowment
Retired Dominion Enterprises Inc. President and CEO Conrad M. Hall has donated $1 million to Norfolk State University, the university announced Friday. The gift from Hall, who serves on NSU’s board of visitors, will support the creation of an endowed chair, the Conrad M. Hall Endowed Chair in Constitutional and U.S. History, i[...]
ASRC Federal closes $350M purchase of SAIC logistics biz
The $350 million cash sale of Science Applications International Corp. (SAIC)’s logistics and supply chain management business to ASRC Federal Holding Company LLC is complete, the Reston-based companies announced Monday. ASRC and Fortune 500 tech contractor SAIC first announced the deal in March. With the sale’s completion, 240 SAIC employees transitioned to ASRC Federal. “We […]
Richmond City Council approves Diamond District
Richmond City Council members voted unanimously Monday to approve the $2.44 billion Diamond District mixed-use development, which aims to include a replacement for the 38-year-old stadium of the Double-A Richmond Flying Squirrels baseball team by the end of 2025. Councilors also approved an ordinance to convey 61 acres of city-o[...]
IT contractor to add 90 jobs in Fairfax
Reston-based Dev Technology Group will invest $366,000 to expand in Fairfax County, adding 90 jobs, Gov. Glenn Youngkin announced Monday. The investment includes 10,000 square feet of additional office space. Founded in 1998, Dev Technology Group provides IT services to the federal government, including the Department of Homeland Security, the Commodity Futures Trading Commission, multiple […][...]
757 Collab announces promotions
After announcing a new managing director in April, 757 Collab announced more leadership changes and promotions to its umbrella organization May 3. Hunter Walsh, previously a program manager for 757 Startup Studios, a coworking space in Norfolk where selected entrepreneurs can set up offices at no cost and receive mentoring, beca[...]
