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Dominion files construction, operations plan for $7.8B offshore wind farm
Richmond-based Dominion Energy Inc. announced Friday it has filed the required construction and operations plan (COP) with the Bureau of Ocean Energy Management to build the utility’s proposed $7.8 billion, 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) project. “This is an important step in the process toward [...]
Hilb Group announces third December acquisition
In its third acquisition announcement this week, Henrico County-based insurance company The Hilb Group LLC (THG) has acquired Lexington County, South Carolina-based employee benefits consulting, management and brokerage firm Plan Benefit Services Inc. (PBSI), effective Dec. 1. Financial details of the acquisition were not disclosed. Founded in 1986, PBSI provides employee benefits, retiree benefits, individual […][...]
Medical office building in Chesterfield sells for $1.825M
A medical office building in Chesterfield County sold for $1.825 million, Cushman & Wakefield | Thalhimer announced Tuesday. Located at 13440-13460 Tredegar Lake Parkway, the single-story, 9,992-square-foot building sits near the intersection of Route 288 and Powhite Parkway. Vascular Surgery Associates, which has six additi[...]
Va. home sales up by 30% in November
Virginia home sales were up by more than 30% in November — marking the greatest increase in home sales activity in more than six years, according to data released Thursday by Virginia Realtors. During the month of November, there were 11,590 home sales in Virginia, an increase of 2,681 from the same time last year. Year-to-da[...]
14K+ Virginians filed initial jobless claims last week
The number of initial jobless claims filed last week reached close to its Aug. 8 peak, with more than 14,000 Virginians filing initial unemployment claims, according to Virginia Employment Commission data released Thursday. The week prior, initial claims reached more than 16,000. While there was a 12.9% decrease in claims from the previous week, the […]
The Hilb Group makes second December acquisition
In its second acquisition announcement this week, Henrico County-based insurance company The Hilb Group LLC (THG) has acquired Montclair, New Jersey-based insurance and risk management brokerage William H. Connolly & Co. LLC (WHC), effective Dec. 1. Financial details of the acquisition were not disclosed. Founded in 1950 by William H. Connolly Sr., WHC was owned […]
Franconia-Springfield, Van Dorn St. stations to close during holidays
The Washington Metropolitan Area Transit Authority announced Thursday that the Blue Line Franconia-Springfield and Van Dorn Street stations will be closed for safety improvements from Dec. 19 through Jan. 3. “Doing this work during the holidays will help minimize the number of riders affected by the closures,” according to a WMATA statement. “Ridership at the […]
U.Va. announces $30M+ allocations from Strategic Investment Fund
University of Virginia President Jim Ryan on Wednesday announced that the university will allocate more than $30 million in investments among science, technology, engineering and mathematics (STEM) research projects and the Carter G. Woodson Institute for African American and African Studies. Of the $30 million in funding allocated from U.Va.’s Strategic Investment Fund, $15 million […][...]
Va. hotel revenues remain 51% lower than last year
Virginia hotel revenues continue to decline by more than 50% when compared with last year, according to data released Wednesday from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. Hotel revenues in Virginia dropped by 51% and rooms sold declined by 33% last week, compared with the […]
$380M mixed-use development coming to North Woodbridge
A new $380 million mixed-use development is coming to North Woodbridge in Prince William County, the IDI Group Cos. and Boosalis Properties announced Wednesday. The North Woodbridge Town Center project will include 160,000 square feet of retail space, restaurants, bars, grocery stores as well as 900 apartment units. It will be b[...]
Northam proposes $240M for pandemic response
As COVID-19 cases continue to rise and frontline medical workers receive the first vaccine doses, Gov. Ralph Northam called on the General Assembly to allocate $240 million toward pandemic response in his proposed budget amendments released Wednesday. “The budget I present today preserves our focus on flexibility, targeted investments and help for Virginians. While we […]
Sevatec, Octo Consulting announce merger
Fairfax-based software company Sevatec announced Tuesday it has merged with Reston-based government technology company Octo Consulting Group. The combined organization will have nearly $300 million in annual revenue and 1,100 employees. Founded in 2003, Sevatec provides design, DevSecOps, security, cloud service integration, data engineering and automation services and has won nearly $400 million in recent […][...]
