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VCU to open $125M STEM building next week
Virginia Commonwealth University will open its $125 million College of Humanities and Sciences’ 168,000-square-foot STEM building during a ribbon cutting scheduled next week. The six-floor building, located at 817 W. Franklin St. in Richmond, will expand lab, classroom and office space for the college, which is home to 17 [...]
Fed Fifth District economy shrinks slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) has contracted slightly since March, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Be[...]
Raytheon receives $237M Army contract
Arlington-based Raytheon Technologies Corp. has received a $237 million Army contract to help the service detect and defeat unmanned aircraft with sensors and drones, the company announced Wednesday. The contract includes a combination of fixed-site and mobile systems, including the company’s Ku-band Radio Frequency Sensor[...]
Potomac Yard Metro station opening May 19
Potomac Yard Metro station will open May 19, Alexandria‘s mayor and Metro’s CEO announced Wednesday. Metro’s 98th station, it will be located near Virginia Tech‘s Innovation Campus and Amazon.com Inc.’s Arlington HQ2 East Coast headquarters. “Our team is working hard to put the finishing touch[...]
BWXT wins potential $45B DOE contract
A joint venture led by BWX Technologies Inc. has won a federal contract worth up to $45 billion — its largest ever — from the U.S. Department of Energy to clean up a decommissioned nuclear production site in southeastern Washington state, the Lynchburg-based nuclear components and fuel supplier announced Monday. The Hanford [...]
Chesapeake industrial building goes for $1.4M
AG Wraps Inc. has purchased a 11,200-square-foot industrial building in Chesapeake for $1.4 million, Cushman & Wakefield | Thalhimer announced Monday. The building, at 913 Business Park Drive, is on 1.05 acres, and it was purchased from Allen V. Alewine. The company installs short- and long-term vinyl graphics for vehicles a[...]
Chesterfield business center building sells for $1.36M
Six Bees II LLC has purchased a 10,680-square-foot office and warehouse building in Chesterfield County’s Branchway Business Center for $1.36 million. Six Bees II, which is affiliated with CK Bosworth Construction, purchased the building from 1321 Business Center Drive LLC, and the company will occupy half of the building [...]
Rocket Lab to launch new hypersonic rocket from Va.
California-based Rocket Lab USA Inc. will launch its new Hypersonic Accelerator Suborbital Test Electron (HASTE) rocket in Accomack County in the first half of 2023. The company introduced the suborbital testbed launch vehicle, derived from its Electron rocket, on Monday. Rocket Lab is preparing the HASTE vehicle for launch for [...]
Mary Baldwin announces next president
Mary Baldwin University’s next president will be Jeffrey P. Stein, vice president for strategic initiatives and partnerships at Elon University in North Carolina, the Staunton private university announced on Friday. Also an assistant professor of English at Elon, Stein will become MBU’s 10th president on July 1, succ[...]
Lego breaks ground on $1B Chesterfield facility
The Lego Group broke ground Thursday on its $1 billion Chesterfield County manufacturing facility — launching the Danish toymaker’s first U.S. manufacturing plant and one of Virginia’s biggest economic development projects. The Billund, Denmark-based toy company known for its brightly colored plastic toy bricks and[...]
Report: Snyder agrees to $6B sale of Commanders
Washington Commanders owner Dan Snyder has agreed to sell the Ashburn-based NFL team for a record-breaking $6 billion, according to several news reports Thursday. The buyers are a group of investors that includes NBA legend Magic Johnson and is led by two Maryland billionaires, Apollo Global Management co-founder Josh Harris and[...]
Data center park headed for Surry County
A Middleburg developer plans to build at least 30 data centers on a 641-acre plot next to the Surry Nuclear Power Station in Surry County, with the possibility of a hydrogen and nuclear-powered green energy production facility in the future, the county announced Wednesday. John Andrews, CEO of Middleburg-based Green Energy Partn[...]
