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Former executive sues New Peoples Bank for discrimination
Mary Trigiani, a marketing consultant and native of Big Stone Gap, has sued Russell County-based New Peoples Bank for discrimination and wrongful termination. She was employed as senior vice president of strategic planning and development at the community bank from 2017 until 2019, when her position was eliminated. In a suit filed Jan. 1 with […]
Hilton to sell $1.5B in private debt offering
While the hospitality industry continues to struggle amid the pandemic, McLean-based Hilton Worldwide Holdings Inc. announced Tuesday it will sell $1.5 billion in debt in a private offering to institutional buyers. This mark’s Hilton’s second major debt offering within the past couple of months. In November 2020, Hilton announced its $1.9 billion debt offering, from […]
Packaging manufacturer to launch $45M expansion in Pittsylvania County
During the next four years, Intertape Polymer Group Inc. (IPG) will expand its Pittsylvania County manufacturing operation, investing approximately $45 million and creating 50 jobs, Gov. Ralph Northam announced Tuesday. The packaging products and systems company will add 30,000 square feet to its facility at 1101 Eagle Springs Road and invest in production, operations and […]
The Hilb Group acquires Mich.-based agency
In its second acquisition announcement of the new year, Henrico County-based insurance company The Hilb Group LLC said Tuesday it has acquired Linwood, Michigan-based Owen Moore Insurance Agency, effective Dec. 31, 2020. Financial details of the acquisition were not disclosed. Founded in 1973, Owen Moore Insurance Agency (OMA) is a full-service property and casualty agency. […]
Navy awards HII $175M contact
The U.S. Navy awarded Newport News-based Huntington Ingalls Industries (HII) a $174.9 million contract to maintain and repair elevator support units aboard the branch’s nuclear-powered aircraft carriers, the Department of Defense announced Friday. HII will perform work on units stationed across the United States and other deployed locations, according to the DOD. Work is expected […]
Northam calls FEMA denial ‘a slap in the face’
In a tweet Tuesday, Gov. Ralph Northam decried the Federal Emergency Management Agency’s denial of federal funding for the Virginia National Guard presence at the U.S. Capitol as a “slap in the face” by President Donald Trump. “Virginia was there to defend the U.S. Capitol on January 6 — and we are comm[...]
Constellis CEO resigns, replaced by lead director
Herndon-based federal contractor Constellis announced Tuesday that CEO Tim Reardon has resigned to “pursue other interests,” and the company’s lead director, Terry Ryan, will replace him, effective immediately. “It has truly been an honor to lead such a great company with so many exceptional people, and I am excited [...]
Applications open Jan. 19 for new PPP round
The relief loan floodgates will reopen Tuesday, as the U.S. Small Business Administration opens the latest $284.5 billion round of Paycheck Protection Program (PPP) funding available. This time, borrowers who received allocations during the initial rounds of PPP funding in 2020 can reapply under Second Draw PPP Loan applications. First Draw PPP Loans are for […]
Va. nears 10k COVID cases in single day
The state hit a new one-day record of nearly 10,000 COVID-19 cases on Sunday. The rise in coronavirus infections comes amid a significant increase in coronavirus-related deaths, with approximately 49 fatalities a day, or two deaths per hour, occurring in the commonwealth last week. Meanwhile, Virginia public health officials said they expect a decrease in […]
Facing her own censure, Chase plans resolution to censure Lucas
As state Democrats seek to censure her for participating in the Jan. 6 pro-Trump rally that preceded the violent breach of the U.S. Capitol, state Sen. Amanda Chase, R-Chesterfield County, said she planned to file a resolution Monday to censure Democratic colleague Sen. Louise Lucas, D-Portsmouth, for taking part in a social jus[...]
Four industrial buildings in Spotsylvania County sell for $14M
Four industrial buildings in Spotsylvania County sold for $14 million and will be redeveloped into an apartment complex, Cushman & Wakefield | Thalhimer announced Monday. The 495,830-square-foot, four-building Fredericksburg Industrial Park is located at 11800-11900 Main Street and 10857 Houser Drive in Spotsylvania County. [...]
Commercial real estate lease roundup
Northern Virginia Foundation Building Materials LLC leased 25,259 square feet of industrial space at 14920-14970 Farm Creek Drive in Woodbridge. Virgil G. Nelson of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the tenant. Johnson Roofing Systems Inc. expanded and renewed its lease of 6,000 square feet of industrial space at […]
