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Dominion Energy proposes solar, energy storage projects
As it works towards a state mandate for producing electricity from carbon-free sources by 2045, Dominion Energy Virginia has acquired a 20-megawatt battery storage facility in Chesterfield County from Charlottesville-based energy storage developer East Point Energy, according to a Sept. 16 announcement from the Richmond-based Fo[...]
U.Va. Credit Union president and CEO to retire
Alison DeTuncq, who has served 22 years as president and CEO of the University of Virginia Community Credit Union in Charlottesville, plans to retire in May 2022, the institution announced this week. She started her career at the credit union 32 years ago, and during her tenure as its leader, the credit union’s assets grew[...]
GTT completes $2B infrastructure sale
McLean-based telecommunications company GTT Communications Inc. finalized the sale of its infrastructure division to Miami-based I Squared Capital, the company announced Friday, allowing GTT to move forward on Chapter 11 bankruptcy. Although the financial details were not disclosed by the companies this week, the sale price was[...]
Peraton appoints government and customer relations SVP
Mara Motherway joined Peraton Inc. in September as the Herndon-based federal contractor’s senior vice president of government and customer relations, a newly created position. She comes from Booz Allen Hamilton, where she served as vice president for government relations and military affairs. Motherway reports to Mike King[...]
U.Va. adds real estate minor in commerce school
The University of Virginia will start offering a real estate minor for the first time this spring. The 15-credit interdisciplinary minor, housed within the McIntire School of Commerce, will be taught by faculty across multiple areas, including the College of Arts & Sciences, the School of Architecture, the School of Engineer[...]
Va. unemployment rate drops to 4% in August
In August, the state’s unemployment rate was at 4%, a 0.2-point decline below July’s rate, Gov. Ralph Northam announced Friday. The state’s unemployment rate has declined for 15 months straight, since the start of the COVID-19 pandemic. In August 2020, the state’s jobless rate was at 7%, 3 points higher than last month. Virginia continued to […]
Green Clean Express Auto Wash to open 20+ locations in Va.
Green Clean Express Auto Wash, a Norfolk business acquired by Ohio-based Express Wash Concepts in May, plans to open more than 20 car wash locations throughout Hampton Roads, Richmond and Charlottesville by the second quarter of 2022. As part of its expansion, Green Clean purchased an acre in Virginia Beach for $1,794,500, Cush[...]
Recent commercial real estate deals in Hampton Roads
The following commercial real estate deals in Hampton Roads were announced the week ending Sept. 17 by local firms. A multi-tenant retail condo at The Strand at 3244 Holland Road in Virginia Beach sold for $2.02 million. The 10,200-square-foot building was purchased by a private investment group that will occuply one of the exis[...]
Va. rolls out digital proof for vaccinations
The Virginia Department of Health has started adding scannable QR codes to COVID-19 vaccination records, digitizing the proof-of-vaccination process, the state announced Thursday. VDH said QR codes available now cannot be altered or forged, and health information is available from the codes only if and when a person chooses to s[...]
Old Point Trust names new president and CEO
Hampton-based Old Point Trust & Financial Services has a new president and CEO, its parent company announced Thursday. A. Eric Kauders Jr., who led Bank of America’s $16 billion fiduciary business in three states, started his new job this week, succeeding Eugene M. Jordan II, now Old Point Financial Corp.’s gener[...]
Danville casino price tag now set at $500M
Danville’s forthcoming Caesars Virginia casino and resort is going to be bigger than expected, with the project expected to cost $500 million, $100 million more than previously estimated. Caesars Entertainment released new renderings and more details Thursday for the casino. Part of the additional cost will go toward a lar[...]
Va. new jobless claims drop for third week in a row
Virginia’s new unemployment claims fell for the third week in a row last week, declining by 38%, the Virginia Employment Commission reported Thursday. For the filing week ending Sept. 11, the state recorded 3,822 new jobless claims, down 2,357 from the previous week. Continued jobless claims also decreased, down 3,811 claims f[...]
