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SEC files federal suit against Dominion Energy’s South Carolina utility
The U.S. Securities and Exchange Commission (SEC) filed a federal lawsuit Thursday against Dominion Energy South Carolina Inc., South Carolina-based utility provider SCANA Corp. and two former SCANA executives, alleging that “SCANA and its senior executives repeatedly deceived investors, regulators and the public over several years about the status of a $10 billion nuclear energy […]
Coronavirus impact — but not the disease — spreads to Virginia
This story will be updated periodically as information is received. The coronavirus, which has spread across China, South Korea, Italy, Iran and other countries, has inevitably spread to the United States. According to the Centers for Disease Control and Prevention, 59 people in the U.S. have confirmed cases of the flulike illne[...]
Old Navy taps Richmond’s Martin Agency for ad campaign
Old Navy has chosen The Martin Agency as a creative agency partner, according to reports this week from AdAge and Ad Week. “The Martin Agency is thrilled to announce that we’ll be working with Old Navy on a new campaign that will launch in May 2020,” the company said in a statement. The Richmond-based advertising […]
SimpliSafe customer support center to create 572 jobs in Henrico
Home security system manufacturer SimpliSafe is establishing a customer support center in western Henrico County, a deal expected to create 572 jobs, Gov. Ralph Northam announced Thursday. The Boston-based company will invest $5.5 million in a facility at 1601 Willow Lawn Drive, close to the Richmond city line. SimpliSafe provides self-installed home security devices, 24-hour […]
The Brink’s Co. acquires UK company for $860M
Henrico County-based secure transportation and logistics company The Brink’s Co. will purchase United Kingdom-based security and cash management company G4S plc for $860 million, the company announced Wednesday. This will be the company’s 14th acquisition since March 2017. Brink’s primarily offers secure cash transit via armored trucks and other cash management services to companies in […][...]
Alexandria venture capital firm secures $350M in funding
Alexandria-based boutique venture capital firm QED Investors secured $350 million in funding for fintech companies in North America, South America and the United Kingdom, the company announced Wednesday, making it the sixth round of funding in the firm’s 12-year history. QED was co-founded in 2007 by Frank Rotman and Capital One Financial Corp. co-founder Nigel […]
Amazon signs lease on PBS HQ space in Arlington
Amazon.com Inc. has signed a lease with its HQ2 landlord and developer JBG Smith Properties for a 272,000-square-feet building in Arlington that has served as the headquarters for the Public Broadcasting Service (PBS) since 2006. The e-commerce giant expects to move into the space at 2100 Crystal Drive by the end of 2020. PBS will […]
$32.4M apartment complex coming to Scott’s Addition
A $32.4 million, 350-unit apartment complex will be built in the Scott’s Addition neighborhood in Richmond, Glen Allen-based real estate investment group Capital Square 1031 announced Tuesday. The project will be developed by CSRA/GS Opportunity Zone V LLC at 1601 Roseneath Road, which is a designated opportunity zone in the c[...]
Arlington’s Venture Global LNG signs sales agreement with French utility
A subsidiary of Arlington-based liquefied natural gas producer Venture Global LNG Inc. has entered into a 20-year sales and purchase agreement to provide 1 million tons of liquified natural gas per year to the world’s largest electricity producer, Électricité de France (EDF), Venture Global announced Tuesday. Venture Global Plaquemines LNG LLC, a 630-acre natural gas […]
Water heater manufacturer will create 180 jobs in James City County
Navien Inc., a U.S. subsidiary of a South Korean manufacturer of water heaters and boilers, is setting up shop at the former Lumber Liquidators building in James City County, creating 180 manufacturing jobs, Gov. Ralph Northam announced Tuesday. This is the first U.S. manufacturing operation for KD Navien, which is headquartered in Seoul, and the […]
Building in Ashland’s Northlake Business Park sells for $9.1M
The Creative Office Environments building in Ashland has sold for $9.1 million to New York City-based One Liberty Properties Inc., Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. The 88,003-square-foot property is located at 11798 N. Lakeridge Parkway in Ashland and is the headquarters for workpl[...]
Tryko Partners acquires three Va. nursing facilities
New Jersey-based property management company Tryko Partners LLC has acquired three Cambridge Healthcare Services nursing facilities in Virginia and plans to invest approximately $9 million in renovations and programming at the facilities, Tryko announced Monday. Financial terms of the transaction were not disclosed. The faciliti[...]
