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Downtown Richmond Marriott gets new GM
The downtown Richmond Marriott has a new general manager. Lars Friedriszik has been named general manager of the 410-room hotel, which is managed by White Lodging and owned by Apple Hospitality REIT Inc. Friedriszik was previously the assistant general manager at the hotel in 2018, but left to serve in other management roles at [...]
Petersburg retail centers sell for $10.25M
Two neighborhood retail centers in Petersburg sold for $10.25 million on Oct. 15. The two properties total 192,510 square feet and occupy 24.9 acres. Located at 3330 S. Crater Road, South Crater Square is 82.7% leased and anchored by Rose’s, with Walmart Supercenter as a shadow anchor. Pinehill Plaza, located across the street[...]
Siemens Gamesa to build first U.S. offshore wind blade factory in Portsmouth
Siemens Gamesa Renewable Energy S.A., a Spanish wind turbine company, will invest $200 million to build the first U.S. offshore wind turbine blade manufacturing facility in Portsmouth, creating 310 jobs, Virginia Gov. Ralph Northam announced Monday from the Port of Virginia’s Portsmouth Marine Terminal. Siemens Gamesa is a par[...]
Amentum to acquire PAE for $1.9B
Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) has agreed to be acquired by an affiliate of Germantown, Maryland, aerospace defense contractor Amentum in a $1.9 billion all-cash deal. The transaction is expected to close by the end of the first quarter of 2022, at which time PAE will become a wholly owned […]
Va. health and human resources secretary departs for new Seattle post
Updated 5:45 p.m., Oct. 22 Dr. Daniel Carey has stepped down as the state’s secretary of health and human resources to become chief medical officer for one of the nation’s largest medical groups, based in Washington state. A deputy secretary, Dr. Vanessa Walker Harris, has been appointed to replace him as Virginia&[...]
‘Frenzied’ housing market is normalizing
The residential real estate market frenzy in Virginia may be slowing to more normal conditions, the chief economist with Virginia Realtors said in a new report out this week. For the first time in more than a year, sales activity slowed in September, compared with a year ago. Last month, there were 13,079 home sales […]
Va. unemployment rate dropped to 3.8% in September
In September, Virginia’s unemployment rate fell to 3.8%, 0.2 points below August’s rate, Gov. Ralph Northam announced Friday. The state’s unemployment rate has declined for 16 months straight. In September 2020, the jobless rate was at 6.6%, 2.8 points higher than last month. The labor force decreased by 3,859 to 4.2 million, but the number […]
Breeden Construction to build $38.9M apartment complex additions
Virginia Beach-based real estate development firm The Breeden Co.’s general contracting company announced Thursday that it has been contracted to develop the $38.9 million second phase of Center West Apartments in Midlothian, not far from the Westfield Commons Shopping Center. Charlottesville-based Castle Development Partners [...]
Moderna, J&J booster shots now available in Va.
Moderna and Johnson & Johnson COVID-19 booster shots are now available in Virginia, the Virginia Department of Health announced Friday. Dr. Danny Avula, the state’s vaccination liaison, said in a statement that pharmacies, doctors’ offices, hospitals and other providers are prepared for the rollout of the booster[...]
Norfolk cruise terminal begins work on $2.6M cruise ship gangway
Nauticus began construction on its $2.6 million cruise ship gangway in Norfolk this week, it announced Wednesday. The new boarding system will accommodate larger cruise ships, like the Carnival Magic, which is set to sail from Norfolk in 2022. Nauticus expects to have more than 180,000 cruise ship passengers in 2022. Swedish com[...]
Lumen apartments sell for $82M in Hampton
New York-based Kushner Cos. has purchased the 300-unit Lumen luxury apartment complex in Hampton for $82 million, Berkadia Institutional Solutions announced Thursday. Located at 2100 N. Campus Parkway near the Hampton Roads Center business park, the Lumen complex was sold by a partnership formed by Virginia Beach-based real esta[...]
Va. new jobless claims drop under 2,000
Virginia’s new unemployment claims fell dramatically last week, the Virginia Employment Commission reported Thursday. For the filing week ending Oct. 16, Virginians filed 1,967 initial claims, a decrease of 7,380 claims from the week before. Continued claims totaled 58,421, an increase of 11,954 claims from the previous week. [...]
