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Bettors waged $304M+ in March, Virginia Lottery reports
Betting on the NCAA Division I men’s basketball tournament accounted for more than $83.5 million of the $304 million in sports wagering that took place in Virginia during March 2021, according to a report released Friday by the Virginia Lottery. In all, Virginians bet $304.06 million and won $277.49 million in the second full month […]
Valve manufacturer announces $1.9M expansion in Norfolk
Norfolk-based Dante Valve Co. will expand its operations with a $1.9 million investment, Virginia Gov. Ralph Northam announced today. The family-owned business, which marked its 60th anniversary last year, is an international manufacturer and distributor of pressure-relief valves and related products — primarily for submarines, aircraft carriers and other naval vessels. The U.S. Navy is […][...]
Fairfax County tech company adding 162 jobs
A fast-growing technology solutions company will invest $1.75 million to expand in Fairfax County, creating 162 jobs, Virginia Gov. Ralph Northam announced today. The company, Ridgeline International Inc., offers technology solutions for the federal government, commercial and nonprofit sectors. It said the expansion aims to increase its ability to provide security solutions. Founded in 2015, […][...]
Hampton Roads multifamily portfolio sells for undisclosed amount
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921 […]
Virginia Business wins four VPA awards
Virginia Business received four Virginia Press Association journalism awards this week, including two first-place prizes for news writing and magazine cover design in the specialty publications division. Deputy Editor Rich Griset placed first in the news writing portfolio category for three stories he wrote in 2020, including: F[...]
Ashburn-based CIS acquired by Indiana private equity firm
On April 20, Indianapolis-based private equity firm Hammond, Kennedy, Whitney & Co. Inc. (HKW) announced that it had acquired Ashburn-based technology company CIS Secure Computing Inc. (CIS) from Oklahoma City-based Acorn Growth Cos. LLC. The financial terms of the transaction were not disclosed. CIS is a provider of secure and customized communications technologies that help […]
Chantilly-based VTG awarded $116M defense contract
Chantilly-based engineering firm VTG announced Tuesday that it has been awarded a $116 million, five-year contract from the Naval Information Warfare Center Pacific (NIWC-PAC) to provide C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) engineering and production services to the center’s Network Integration Engineering Facility (NIEF). The NIWC-PAC NIEF, located at San Diego’s Nav[...]
LewisGale to open standalone ER in Roanoke
On Monday, LewisGale Regional Health System held a groundbreaking ceremony for a new freestanding emergency room in Roanoke. Located at 1423 West Ruritan Road, the nearly 10,000-square-foot facility will be named LewisGale Medical Center Blue Hills ER and be staffed with board-certified emergency room physicians and nurses 24 ho[...]
Graduation plans vary across Virginia universities
RICHMOND, Va. — College graduations will still look different due to the COVID-19 pandemic, but more Virginia universities are returning to in-person ceremonies. Graduations will be held online, in person or a hybrid format. Gov. Ralph Northam announced last month preliminary guidance for graduation events, which continues[...]
State litter tax rate, penalty increase go into effect May 1
Rate increases and a large additional penalty for late payments for the state’s litter tax will go into effect for Virginian business owners on May 1. The changes, a result of legislation from the 2020 General Assembly session, are as follows: – The litter tax payment will increase up to $20 per business establishment. – […]
Dollar Tree launches digital media network
Chesapeake-based Fortune 500 discount retailer Dollar Tree has launched a digital media arm that aims to connect advertisers with potential customers via its Family Dollar retail brand, it announced today. Dollar Tree says its new venture, the Chesapeake Media Group, will offer services that help companies place ads on Family Dollar’s website and mobile app […]
Commercial real estate leasing roundup
Central Virginia – Weyerhaeuser Co. renewed its lease of 72,399 square feet of industrial space at Sarellen Road Warehouse, 4200-4222 Sarellen Road, in Henrico County. Evan Magrill and Scott Douglas of Cushman & Wakefield | Thalhimer handled lease negotiations on behalf of the landlord. – Belvac Production Machinery Inc. leased 40,000 square feet of industrial […]
