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Northrop Grumman commits $12.5M to Va. Tech Innovation Campus
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has pledged $12.5 million to support research and teaching in quantum information science and engineering, becoming a partner of the Virginia Tech Innovation Campus in Alexandria. Virginia Tech officials announced the donation Wednesday mornin[...]
Va. Beach’s Pembroke Mall to add apartments, senior living and hotel
Pembroke Mall in Virginia Beach is getting a $200 million makeover. The aging mall’s developers, Pembroke Square Associates, announced plans Monday for a series of updates to the 54-acre mall near the city’s Town Center area. “The mall industry is changing,” said Ramsay Smith, president of Pembroke Realty[...]
Prince George County administrator headed to King William County
Prince George County Administrator Percy C. Ashcraft is leaving to take the same role in King William County, county board chairman Floyd Brown Jr. announced Monday. Ashcraft’s last day in Prince George will be Dec. 3 and he will start in his next role on Dec. 6. “As chairman, I am saddened by his announcement, […]
Reston tech company promotes CFO
Reston-based tech and network security company Electrosoft Services Inc. announced Tuesday that it promoted Justin Lapington to the role of chief financial officer. Lapington had been the company’s vice president of finance since September 2020. He led the implementation of a new resource planning system and expanded the finan[...]
New Liberty law school dean was State Dept. ambassador
Morse Hyun-Myung Tan will be the new dean of Liberty University School of Law beginning Jan. 1, the school announced Tuesday. Tan was most recently the ambassador at large for the U.S. State Department’s Office of Global Criminal Justice, where he oversaw the indictment, sanctioning, capture and/or conviction of war criminals [...]
Canadian frozen food company to create 67 jobs in Warren County
Montreal-based Nature’s Touch Frozen Foods LLC will spend $40.3 million to expand in Warren County, creating 67 jobs, Gov. Ralph Northam announced Tuesday. Harrisonburg-based InterChange Group Inc. will build a 126,000-square-foot facility for Nature’s Touch. The company will import raw materials directly to the new facility[...]
Va. expands Elizabeth River Tunnels toll relief program
The commonwealth of Virginia and Elizabeth River Crossings OpCo LLC have partnered to expand the Toll Relief Program, Gov. Ralph Northam announced Monday. Elizabeth River Crossings, partly owned by Spanish company Abertis Infraestructuras S.A, owns Elizabeth River Tunnels, and the program, which was established in 2016, will red[...]
Va. new employment claims rise slightly
Virginia’s new unemployment claims rose by about 19% last week, the Virginia Employment Commission reported Friday. For the filing week ending Nov. 6, Virginians filed 1,290 new claims, an increase of 202 from the week before. Continued claims totaled 24,922, a decrease of 6,642 from the previous week. Compared to the same wee[...]
Fairfax-based Peterson Cos. opens self-storage division
Fairfax-based real estate company The Peterson Cos. has formed a self-storage division, the company announced Monday. It is the company’s first new division in more than 35 years and Jim Mertz will run it, the company said in a news release. Mertz joined Peterson Cos. in 2015 to lead the development effort for Promenade at[...]
Virginia Council of CEOs expands to Roanoke
The Virginia Council of CEOs, a Richmond-based nonprofit serving small and midsize business owners, has expanded to Roanoke, it announced last week. The organization has launched its first CEO peer roundtable in the Roanoke market and expects to form a second group shortly. About a year ago, the council announced plans to expand[...]
Norfolk townhome community sells for $77M
Crown Point Townhomes, a 480-unit apartment community in Norfolk, has sold for $77 million, Berkadia announced Monday. Bush Cos. sold the property, at 5371 Wyngate Drive, to a New Jersey-based buyer. The garden-style, multifamily property has two-, three- and four-bedroom floor plans and is located near Military Circle Mall. David Hudgins of Berkadia Newport News […]
New luxury apartments coming to downtown Norfolk
With $56.2 million in financing in place, Marathon Development Group’s Frank “Buddy” Gadams is ready to start work on “Gravity 400 Apartments,” in downtown Norfolk, Berkadia Commercial Mortgage LLC and Breeden Construction announced. Located at 400 Waterside Drive, the 273-unit high-rise apartment tower wil[...]
