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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 […]
State anticipates fewer COVID vaccine doses due to U.S. shortfall
Virginia public health officials said Saturday that the number of COVID-19 vaccine doses sent to the state is likely to decrease — possibly by a significant amount — because the federal government does not have the reserve of doses it had said were being held back for second shots. Dr. Danny Avula, the state’s vaccine [...]
Wood products manufacturer will create 73 jobs in Russell County
Rambler Wood Products is investing $7.6 million to establish a wood products manufacturing facility in Saint Paul, creating 73 jobs in the Russell County area, Gov. Ralph Northam announced Friday. “As Virginia’s third-largest private sector industry, forestry supports thousands of quality jobs in our rural communities and co[...]
Laminating company to add 42 jobs in Henry County
Custom laminating company Laminate Technologies Inc. will invest $4 million to expand its Henry County facility in Ridgeway, creating 42 jobs, Gov. Ralph Northam announced Friday. The company’s manufacturing facility, which opened in 2012, is located at 775 Industrial Park Drive, where an automated hardwood plywood press line will be installed to increase its capacity […]
