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Oct 5, 2020

Smithfield Foods donates $100K to aid homeless vets

Smithfield Foods Inc. donated $100,000 to to support state government programs for homeless veterans and their families, Gov. Ralph Northam announced Friday. The donation from the Smithfield Foundation presented to the Virginia Veterans Services Foundation will be designated to the Veteran Homeless Fund, which provides one-time gap assistance to homeless veterans in the process of […]

2120 Staples Mill Rd. Photo courtesy Marcus & Millichap
Oct 5, 2020

Henrico office building sells for $1.1M

A 17,112-square-foot office building in Henrico County sold for $1.1 million, commercial real estate brokerage firm Marcus & Millichap announced last week. Located at 2120 Staples Mill Road, the building was constructed in 1974 and sits on 0.73 acres. The building was vacant at the time of the sale, and the new owners plan o[...]

11000 Midlothian Turnpike. Photo courtesy Taylor Long Properties
Oct 5, 2020

Former Salvation Army thrift store sells for $2.4M in Chesterfield

A 15,600-square-foot commercial building in Midlothian sold for $2.4 million, Glen Allen-based commercial real estate consulting and brokerage firm Taylor Long Properties announced last week. Located at 11000 Midlothian Turnpike in North Chesterfield, 11000 Midlothian Turnpike LLC purchased the building from The Salvation Army. [...]

RiverStone Ranch. Photo courtesy Hall and Hall
Oct 5, 2020

RiverStone Ranch auction set for Oct. 28

The 979-acre RiverStone Ranch in Buchanan will go to auction on Oct. 28, rural real estate firm Hall and Hall announced last week.  The Botetourt County estate, which has remained in private ownership for more than 200 years, includes tunnels, canals and stone walls from George Washington’s James River Kanawha Project. The pr[...]

Oct 2, 2020

General Dynamics lands two Navy contracts totaling $251M

The U.S. Navy this week awarded the Electric Boats subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. two contracts worth a combined $251 million, the company announced Friday. The first contract is a $215.7 million modification to a previously awarded contract that — if all options are exercised — could be worth more […]

Oct 2, 2020

Navy awards Northrop Grumman $210.1M contract

The U.S. Navy awarded Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. a $210.1 million contract to manufacture navigation systems for installation on surface and underwater U.S. Navy vessels, the Department of Defense announced Wednesday. Under the contract, Northrop Grumman will supply AN/WSN-7 ring gyroscope systems, which senses ship motions, computes the ship’s position, […][...]

Oct 2, 2020

ASGN Inc. buys Fredericksburg data science firm

ASGN Inc., which is moving its headquarters from California to Henrico County this month, announced Tuesday it has acquired Fredericksburg-based remote sensing and data science provider Skyris Inc.  Terms of the transaction were not disclosed.  ASGN is the parent company of Glen Allen-based recruiting firm Apex Systems LLC.  The acquisition will allow ASGN to provide […]

Oct 2, 2020

Universal Corp. completes acquisition of dehydrated foods company

Richmond-based international tobacco leaf supply company Universal Corp. announced Thursday it has completed the acquisition of Momence, Illinois-based dehydrated vegetable, fruit and herb processing company Silva International for $170 million in cash. The acquisition was previously announced in early September.  Silva will operate as part of Universal’s plant-based ingredients platform, which includes FruitSmart Inc. (which [&helli[...]

Oct 1, 2020

Danville Pittsylvania County Chamber announces SoVa leadership cohort

The Danville Pittsylvania County Chamber of Commerce on Monday announced a partnership with the University of Virginia’s Weldon Cooper Center for Public Service and the Charlottesville-based Tom Tom Foundation to launch NextGen: Southern Virginia, a virtual learning and networking opportunity for Dan River Region emerging leaders.  The NextGen program will occur during the Tom Tom […][...]

Oct 1, 2020

Atlanta health care research company buys Falls Church tech firm

Atlanta-based health care research company DLH Holdings Corp. announced Thursday it has acquired Falls Church-based health care technology provider Irving Burton Associates (IBA). DLH is a publicly traded health care research company focused on the federal government and IBA provides health care technology to the military. IBA employs approximately 115 people and its clients include […]

Oct 1, 2020

Morgan Stanley expected to complete $13B E-Trade acquisition Friday

Morgan Stanley announced Thursday it has won regulatory approval and expects to complete its $13 billion acquisition of Arlington-based online brokerage E-Trade Financial Corp. on Friday.  In late July, E-Trade announced that more than 99% of its stockholders had approved the acquisition, which will be one of the largest acquisitions of a local company in […]

Oct 1, 2020

Herndon company to buy N.C. crowdsourcing platform

Herndon-based MBO Partners, a network of independent consultants and contractors, announced Thursday it has agreed to acquire Durham, North Carolina-based crowdsourcing platform MindSumo.  Terms of the transaction were not disclosed.  MindSumo’s platform allows businesses to crowdsource ideas and insights by posting market research, innovation surveys and product development plans to a community of 500,000 people. […][...]

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