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Amazon to open delivery station in Stafford
Amazon.com Inc. announced Friday it will open a 200,000-square-foot delivery station in Stafford County later this month, creating 100 full- and part-time associate jobs at the station, plus hundreds of driver jobs for Amazon’s Delivery Service Partners and Amazon Flex drivers, according to the company. The new facility wi[...]
Alexandria firm secures $164M Air Force contract
Alexandria-based national security contractor DCS Corp. has won a $164 million contract to support the U.S. Air Force Life Cycle Management Center’s Fighters and Advanced Aircraft Directorate (AFLCMC/WA) and Bombers Directorate (AFLCMC/WB). “DCS is proud to support the United States Air Force global power through this significant award,” said Larry Egbert, DCS executive vice president […][...]
Nonprofit news site launches to cover SW and Southern Virginia
Cardinal Press, a new nonprofit digital news service covering Southwest and Southern Virginia, will begin publishing stories in late September, with Dwayne Yancey, former editorial page editor for The Roanoke Times, at the helm as its founding editor. Nonprofit organization Cardinal Productions, incorporated in June, created Car[...]
GTT Communications to file for Chapter 11 bankruptcy
McLean-based telecommunications company GTT Communications Inc. is planning to file a prepackaged chapter 11 case after it closes the previously announced sale of its infrastructure division to Miami-based I Squared Capital, it announced Thursday. After the completion of the $2.15 billion sale, GTT and some subsidiaries will file their cases in the U.S. Bankruptcy Court […]
FTC fines Capital One CEO for failing to file stock transaction
The Federal Trade Commission fined McLean-based Capital One Financial Corp. CEO Richard Fairbank a $637,950 civil penalty for violating antitrust laws in finalizing stock acquisitions, the FTC announced Thursday. The settlement must be approved by the U.S. District Court for the District of Columbia. The FTC alleged that Fairban[...]
Va. new jobless claims dropped 35% last week
Virginia’s initial unemployment claims decreased about 35% last week since the previous week, the Virginia Employment Commission reported Thursday. For the filing week ending Aug. 28, the state recorded 7,777 new jobless claims, down 4,146 from the previous week. Continued claims totaled 46,471, up 9,396 claims from the previo[...]
Amazon has hired 3,000+ HQ2 workers so far
So far, Amazon.com Inc. has hired more than 3,000 of the 25,000 employees it plans to recruit by 2030 for its multibillion-dollar HQ2 East Coast headquarters in Arlington, the global online retailer announced Wednesday. In 2019, the Virginia General Assembly passed an incentive package that would pay Amazon up to $550 million in[...]
Apartment buildings in Forest sell for $6.6M
Jefferson Ridge Apartments in Forest sold for $6.6 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group and Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group announced Tuesday. The sale finalized last week. Built in 1995, the 68-unit, 8-building apartment campus is located at 143 Jefferson Rid[...]
VEDP launches Supply Chain Optimization Program
The Virginia Economic Development Partnership launched its Supply Chain Optimization Program, Gov. Ralph Northam announced Wednesday. The one-year program is designed to help Virginia businesses streamline their supply chain management. Participating businesses could receive a maximum of $10,000 in reimbursements for supply chai[...]
Virginia sports betting dropped to $162M in July
Virginians bet $161.9 million in July but won $141.94 million, according to data released Wednesday by the Virginia Lottery. Virginia sports betting wagers now total more than $1.48 billion since the state legalized sports betting in mid-January. In June, the state reaped about $234.9 million in gross revenue from sports betting[...]
Three Lynchburg apartment buildings sell for $8.2M
Three apartment buildings within the Cornerstone community in Lynchburg sold for $8.2 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The buildings, located at 301 Rotunda St., 121 Colonnade St. and 101 Colonnade St. were built in 2012. They contain a total of 68 apartment units — 46 tw[...]
Historic Roanoke building sells for $9.5M
The Elmwood Building in Roanoke sold for $9.5 million, Hall Associates Inc. and buyer Freedom First Credit Union announced Tuesday. Located at 207 Bullitt Ave. SE in Roanoke’s Downtown Historic District, the 4-story, 46,500-square-foot building was built in 1919 and has housed a hardware store, furniture warehouse and Meridium[...]
