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Nov 3, 2020

Richmond braces for election impact

RICHMOND, Va. — Organizations and residents in Richmond are bracing for potential activity related to the U.S. presidential election results. Richmond city officials said they will work with local and state partners to ensure public safety during and after the election. “We encourage all residents to peacefully participa[...]

Nov 3, 2020

Va. candidates and groups drop $12M+ on Facebook ad spending

RICHMOND, Va. — In an election forecasted to have record voter turnout, political campaigns have deployed a multiplatform media blitz. Facebook is for more than likes these days, with the platform getting its share of Virginia political and issue spending to the tune of over $12.7 million in a recent three-month period, according to the […]

Nov 3, 2020

GO Virginia funds $9M in workforce development, economic recovery grants

The Growth and Opportunity for Virginia (GO Virginia) state economic development initiative has allocated grants totaling more than $9 million for workforce development and assisting communities with economic recovery, Virginia Gov. Ralph Northam announced Tuesday. A $7.8 million allocation will support 11 regional projects and two statewide projects aimed at workforce development initiatives. Another allocation […][...]

Nov 3, 2020

Reston telemedicine company goes public

Reston-based telemedicine technology provider SOC Telemed on Monday opened at $10 per share on the Nasdaq stock exchange. The company announced its public offering on Friday following its merger with Healthcare Merger Corp. (HCMC), a special purpose acquisition company. Merger transaction details were not disclosed. “Today marks an important milestone for SOC Telemed in our […]

The aircraft carrier John F. Kennedy (CVN 79) sits at Pier 3 at Newport News Shipbuilding division. Photo by Matt Hildreth, courtesy HII.
Nov 3, 2020

HII lands $284.2M in contract modifications on USS JFK

The U.S. Navy awarded Newport News-based Huntington Ingalls Industries (HII) $284.2 million in contract modifications to deliver the Ford-class aircraft carrier USS John F. Kennedy (CVN 79) to the branch, the U.S. Department of Defense announced Monday. The delivery will be done in one phase. The Navy decided to change the two-p[...]

Nov 3, 2020

Securitas Critical Infrastructure Services Inc. rebrands as Paragon

Herndon-based Securitas Critical Infrastructure Services Inc. (SCIS) announced late last week it has rebranded under its subsidiary Paragon Systems Inc.’s (Paragon) name. The rebranding will include a new company image, website and brand implementation. It will become fully effective Jan. 1, 2021. “In working with our board over the past year, we have made significant […]

Nov 3, 2020

Six SWVA projects receive ARC funding

More than $3.9 million in funding will go toward recovery health programs, broadband infrastructure expansion, workforce development, natural gas line improvements and rural tourism and job growth efforts in Southwest Virginia, Gov. Ralph Northam announced Monday. The funding will be disbursed through six Appalachian Regional Commission’s (ARC) Partnership for Opportunity and Workforce and Economic Revitalization […][...]

Nov 2, 2020

COVID-19 on rise in Va., as nation sees cases surge

Virginia recorded an increase of 9,143 COVID-19 cases and 77 deaths last week, according to Virginia Department of Health statistics reported Monday, Nov. 2. The state’s positivity rate climbed from 5% to 5.8%. Virginia’s case numbers are relatively low compared to other states, which have seen positivity rates zoom far above 10% in recent weeks. […]

Parc Place at Short Pump. Photo courtesy Motleys
Nov 2, 2020

Short Pump retail center sells for $10.8M

A strip shopping center next to Short Pump Town Center in Henrico County sold for $10.8 million, Richmond-based Motleys Asset Disposition Group announced last Wednesday. The 82,000-square-foot shopping center is located at 11736 W. Broad St. and is known as Parc Place at Short Pump. Its anchor tenant is PetSmart and other occupa[...]

Oct 30, 2020

General Dynamics IT lands $4.4B GSA contract

The U.S. General Services Administration (GSA) and U.S. Department of Defense announced Friday they have re-awarded the approximate $4.4 billion, 10-year Defense Enterprise Office Solutions (DEOS) contract to CSRA Inc., which is now a part of Falls Church-based General Dynamics Information Technology Inc. (CSRA became a part of GDIT in 2018.) Under the DEOS contract, […]

Oct 30, 2020

Virginia Values Veterans program hits 67K hires

Gov. Ralph Northam announced Friday that the Virginia Values Veterans (V3) program surpassed its goal to reach 65,000 Virginia military veteran hires by the end of his administration. As of Friday, more than 67,000 Virginia military veterans have been hired through the program since its 2012 inception. Administered by the Department of Veterans Services (DVS), […]

13600 Permilla Springs Drive. Photo courtesy Cushman & Wakefield | Thalhimer
Oct 30, 2020

Industrial building in Chesterfield County sells for $1.3M

An industrial building in Chesterfield County sold for $1.3 million, Cushman & Wakefield | Thalhimer announced Wednesday. The 20,000-square-foot property sits on 7 acres at 13600 Permilla Springs Drive, which is approximately 1.5 miles from John Tyler Community College.  13600 Permilla Springs LLC purchased the property fro[...]

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