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Central Va. CEOs expect revenues to decline in next six months
A majority of Central Virginia CEOs expect sales revenues to decline during the next six months but don’t expect to significantly reduce their workforces as a result of the economic crisis brought on by the COVID-19 pandemic, according to a follow-up 2020 CEO Economic Outlook Survey released Wednesday by the University of Richmond’s Robins School […]
Norfolk real estate company promotes exec to regional VP
Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Wednesday that it has promoted Debbie Franco to regional vice president. Franco was most recently the regional property manager at the firm, covering the Northern Virginia region. She started her career in real estate at the firm in 2002 as a leasing agent and[...]
Amazon donates $3.9M to CodeVA to support computer science education
Amazon.com Inc. announced Wednesday that it will donate $3.9 million to Richmond-based CodeVA through 2022 to support the Richmond-based nonprofit’s plan to offer computer science education and training to more than 700 “high-needs” schools in the commonwealth. The first of three $1.3 million installments, which ha[...]
Nonemergency medical procedures to resume Friday
Virginia hospitals, outpatient care providers, dentists and veterinarians can resume performing elective surgeries and nonemergency procedures after a temporary ban expires at midnight Thursday, Gov. Ralph Northam announced during a news conference on Wednesday. “I want to encourage all Virginians that your health care is [...]
State COVID-19 cases now exceed 14,000
As U.S. coronavirus cases surpassed the 1 million mark, Virginia has 14,328 confirmed COVID-19 cases and 513 confirmed virus-related deaths in Wednesday’s Virginia Department of Health update. This marks an increase of 534 cases since Tuesday. Also, there are 2,252 people hospitalized who have tested positive, and 85,307 people in Virginia have been tested. According […]
Industrial building sells for $2.5M in Richmond
An industrial building in Richmond sold for $2.5 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 2400 Maury St. in Richmond’s Manchester area, the 19,156-square-foot building sits on more than 9 acres of land. The building was previously leased to Esf Trailer Systems LLC, which sold cargo and fl[...]
Boston tech company to acquire Arlington-based DivvyCloud for $145M
Boston-based tech company Rapid7 announced Tuesday that it’s acquiring Arlington County-based cloud security and governance tech firm DivvyCloud for $145 million. The acquisition, which will be made via a combination of cash and stock, is expected to close before June. “Joining forces with Rapid7 is a natural next step,�[...]
Virginia COVID-19 cases approach 13,800
As global coronavirus cases surpassed the 3 million mark Tuesday, the Virginia Department of Health reported 13,794 confirmed COVID-19 cases in the commonwealth, an increase of 736 cases. The largest 24-hour increase since the pandemic began, it breaks a previous record set three days earlier on April 25. The 13,794 cases do not[...]
Survey shows 34M U.S. jobs lost since mid-March
Approximately 10 million jobs have been lost in the United States since early April, according to a biweekly survey conducted by Virginia Commonwealth University and Arizona State University economists — bringing the total jobs lost since mid-March to approximately 34 million. “The size of these changes are hard to fathom,” said Adam Blandin, the VCU […]
CDC dispatches team to Eastern Shore poultry plants
A team from the Centers for Disease Control and Prevention is arriving in Virginia today to assist with containing COVID-19 outbreaks among workers at two large poultry processing plants in Accomack County, Gov. Ralph Northam announced during a news briefing Monday. The plants, operated by Arkansas-based Tysons Foods Inc. and Ma[...]
Glen Allen-based real estate investment company names regional VP
Glen Allen-based real estate investment company Capital Square announced Monday that it has named Marc Meunier as regional vice president. He will be responsible for sales in the company’s northeast territory. Meunier was most recently the regional vice president for California-based SmartStop Asset Management LLC. In his new [...]
Suffolk office building sells for $8.5M
An office building in Suffolk sold for $8.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 7025 Harbour View Blvd. in Bridgeway Commerce Park, Bridgeway Technology Center I is a 123,407-square-foot, single-story office building sitting on 16.03 acres. The office building w[...]
