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Tyson Foods to open $300M Pittsylvania County facility
Tyson Foods Inc. will open a 325,000-square-foot, $300 million manufacturing facility in the Cane Creek Centre industrial park, creating 376 jobs, Gov. Ralph Northam announced Thursday. The new facility will primarily be used for the production of cooked foods such as Any’Tizer Snacks and chicken nuggets made by Tyson Food[...]
Trane distribution facility in Midlothian sells for $14.15M
Fairfax-based Peterson Cos., known for developing National Harbor in Maryland, closed Thursday on its $14.15 million purchase of an off-market distribution facility in Midlothian. The 83,025-square-foot facility, located at 14000 Justice Road, sits on a nine-acre parcel. It was constructed for Ingersoll Rand dba Trane Technologi[...]
Va. new jobless claims dropped 28% last week
Virginia’s initial unemployment claims fell 28% last week since the previous week and totaled almost 500 more than the claims in the same week last year, the Virginia Employment Commission reported Thursday. For the filing week ending Aug. 21, the state recorded 11,923 new jobless claims, down 4,670 from the previous week. Co[...]
CNU poll: McAuliffe leads Youngkin by 9 points
Former Virginia Gov. Terry McAuliffe and down-ballot Democratic candidates have significant leads over GOP gubernatorial candidate Glenn Youngkin, former co-CEO of The Carlyle Group, and the state Republican ticket, according to a survey of 800 likely voters released Thursday by Christopher Newport University’s The Wason Cente[...]
Arlington Capital Partners acquires McLean program management company
Maryland-based private equity firm Arlington Capital Partners has signed a definitive agreement to acquire McLean-based program management company MCR LLC, it announced Tuesday. Financial details of the transaction were not disclosed. MCR’s senior management team has invested alongside Arlington Capital, according to a news release. “MCR has established itself as a preeminent provider of differentiated […][...]
CVP acquires D.C. healthcare consulting company
Fairfax-based Customer Value Partners Inc. (CVP), a business and technology consulting company, acquired federal health contractor Atlas Research LLC, it announced Tuesday. Financial details of the transactions were not disclosed. “Atlas’ experience as the trusted transformation partner of clients across the Veteran Affairs and Health and Human Services provide the advisory and consulting capabilities to […][...]
Dominion Energy and Port of Va. reach lease agreement for offshore wind project
Dominion Energy Inc. and the Port of Virginia reached an agreement allowing Dominion to lease 72 acres of the Portsmouth Marine Terminal, Gov. Ralph Northam announced Wednesday. Dominion Energy will use its portion of the 287-acre terminal, one of the Port of Virginia’s two multiuse terminals in the Norfolk Harbor, as a stagin[...]
More Va. health systems announce vaccine mandates
Major hospital systems in Hampton Roads and Central Virginia announced Wednesday that they will require all employees to be fully vaccinated against COVID-19. In Hampton Roads, Chesapeake Regional Healthcare, Children’s Hospital of The King’s Daughters, Riverside Health System and Sentara Healthcare jointly announced the r[...]
Virginia Bar Association names new executive director and CEO
The Virginia Bar Association has named Paul E. Fletcher its new executive director and CEO, it announced Tuesday. He will assume the role on Sept. 20. Fletcher is the publisher and editor-in-chief of Virginia Lawyers Weekly, a role he has held since 1989. Beginning in 2020, he also began editing Michigan Lawyers Weekly. He serve[...]
Virginia hotel revenues still down, compared to 2019
Virginia hotel revenues for July 2021 decreased by 3% compared with pre-pandemic levels in July 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel [...]
Virginia ABC reports $1.4B in FY 2021 revenue
The Virginia Alcoholic Beverage Control Authority (ABC) reported $1.4 billion in gross revenue for fiscal year 2021, up $163 million over the previous fiscal year. It’s the third year in a row the state authority has surpassed $1 billion. As a division of state government, ABC sends its profits — $616.4 million — to th[...]
Dominion Business Center in Chesapeake sells for $5M
The two-building Dominion Business Center in Chesapeake sold for $5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Aug. 16. Located at 1001, 1005 and 1009 Scenic Parkway, Dominion Business Center sits on about 21 acres within the 325-acre Dominion Commerce Park. The center is 90% leased to a gro[...]
