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Oct 16, 2020

NoVa housing market continues upward trend in September

Unlike other industries struggling during the pandemic, residential real estate continues to stay strong. Northern Virginia Realtors saw a 58% increase, or nearly $1.5 billion, in the amount of real estate sold in September compared to the same time period last year, according to the Northern Virginia Association of Realtors (NVAR). The NVAR service area […]

Oct 15, 2020

Va. saw initial jobless claims drop again last week

Virginia continued to see a small decline in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, and the number of continued claims filed during the week ending Oct. 10 was nearly two thirds lower than its May 16 peak. For the week ending Oct. 10, 9,110 Virginians filed initial […]

Image of Gloucester Village for WanderLove Recovery Grant Program. Photo courtesy Virginia Tourism Corp.
Oct 15, 2020

Va. tourism had record 2019, but 2020 won’t follow suit

The 2020 coronavirus pandemic and economic crisis is spelling an end to Virginia’s decade-long streak of record-breaking tourism revenues. Although Virginia’s tourism industry had another record year in 2019, posting $27 billion in spending, the commonwealth’s tourism revenue for 2020 is expected to decrease by[...]

The Pamunkey Indian Tribe plans to build a $500 million casino and resort on the Elizabeth River if Norfolk voters approve the project on the November ballot. Rendering courtesy Pamunkey Indian Tribe
Oct 15, 2020

Baskervill, HKS to lead Norfolk casino design, architecture

The Pamunkey Indian Tribe announced Thursday that Dallas, Texas-based HKS and Richmond-based Baskervill will serve as the architecture team for the tribe’s planned $500 million Norfolk Resort & Casino if city voters approve a Nov. 3 local referendum approving the casino development. Backed by Tennessee billionaire inve[...]

Oct 14, 2020

Pocahontas Parkway operator launches toll payment app

Madrid-based Globalvia, which operates the Pocahontas Parkway (State Route 895) in Chesterfield and Henrico counties, has launched a new toll payment app that allows drivers to pay tolls in real time on Virginia toll roads without a prepaid pass.  The Slora app is accepted on Virginia toll roads including Interstates 64, 66, 95, 395 and […]

Oct 14, 2020

Sept. Va. General Fund revenue increases 7.6%

Virginia’s General Fund revenue for September increased 7.6% compared to September 2019, Gov. Ralph Northam announced Wednesday. The increase was driven by growth in payroll withholding and corporate and recordation tax collections, according to the governor’s statement. “Virginia’s General Fund revenues are increasing, and we have been able to avoid the major revenue shocks that […][...]

Oct 14, 2020

Calif. firm buys controlling stake in Vienna home security company

Palo Alto, California-based investment firm Twin Point Capital purchased a controlling stake in Vienna-based home security company Frontpoint Security, the company announced last week. Financial terms of the transaction were not disclosed. Founded in 2007 by Chris Villar, Aaron Shumaker and Peter Rogers, Frontpoint provides home security, life safety and smart home products and services […]

Oct 14, 2020

BAE Systems launches cyberthreat protection suite for military vehicles, systems

Arlington-based defense contractor BAE Systems Inc. (the U.S. subsidiary of United Kingdom-based BAE Systems plc) announced Tuesday it has launched a new cyberthreat detection and mitigation product suite to help military customers protect vehicles and systems from cyberthreats. The Fox Shield suite is designed to help platforms detect, respond to and recover from cyberattacks and […]

Oct 14, 2020

Va. hotel revenues continue to suffer

Virginia hotels continue to see significant revenue declines compared to pre-pandemic times, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Oct. 4 through Oct. 10, hotel revenues in Virginia were down 46% and rooms sold were down 29% compared […]

Oct 14, 2020

Va. Supreme Court denies Roanoke courts’ plan to resume jury trials

The Virginia Supreme Court has rejected a plan by Roanoke Valley’s courts to resume jury trials during the pandemic. Chief Judge David Carson of the 23rd Judicial Circuit of Virginia, which includes Roanoke, Roanoke County and Salem courts, said during an Oct. 13 Roanoke Bar Association Meeting that the Virginia Supreme Court rejected the proposal […]

Oct 14, 2020

Dulles software company to buy Texas-based firm

Dulles-based software company Unanet announced Wednesday it will acquire Austin, Texas-based customer relationship management software company Cosential. Terms of the transaction were not disclosed.  Unanet provides project management software, timesheet software, expense reporting software and other human resources software to federal government contractors, architects and engineers (A/E). Cosential provides software used for business[...]

Oct 14, 2020

Reston contractor wins $59M USDA task order

The U.S. Department of Agriculture (USDA) awarded Reston-based AceInfo Solutions LLC (AceInfo) a $59 million task order to develop crop insurance software platforms, the company announced Wednesday.  Under the task order from the USDA’s Farm Production and Conservation (FPAC) Risk Management Agency (RMA), AceInfo (a Dovel Technologies subsidiary) will provide software development services to create […][...]

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