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Va. home sales up by 30% in November
Virginia home sales were up by more than 30% in November — marking the greatest increase in home sales activity in more than six years, according to data released Thursday by Virginia Realtors. During the month of November, there were 11,590 home sales in Virginia, an increase of 2,681 from the same time last year. Year-to-da[...]
Former CIA data science chief hired as CEO of Exovera
Reston-based defense and government contractor SOS International LLC (SOSi) announced Wednesday it has hired Barbara Stevens, the former Central Intelligence Agency (CIA) chief of data science, as CEO of its software subsidiary Exovera. “Dr. Stevens has more than three decades of experience building and leading complex data sc[...]
14K+ Virginians filed initial jobless claims last week
The number of initial jobless claims filed last week reached close to its Aug. 8 peak, with more than 14,000 Virginians filing initial unemployment claims, according to Virginia Employment Commission data released Thursday. The week prior, initial claims reached more than 16,000. While there was a 12.9% decrease in claims from the previous week, the […]
Professional Services Council reelects Leidos CEO as board chair
The Professional Services Council (PSC) Board of Directors announced Thursday it has reelected Roger Krone, chairman and CEO of Reston-based Fortune 500 government contractor Leidos Holdings Inc., as chair for 2021. The PSC Board of Directors consists of 80 executives from member companies who are elected by their peers. Its lea[...]
The Hilb Group makes second December acquisition
In its second acquisition announcement this week, Henrico County-based insurance company The Hilb Group LLC (THG) has acquired Montclair, New Jersey-based insurance and risk management brokerage William H. Connolly & Co. LLC (WHC), effective Dec. 1. Financial details of the acquisition were not disclosed. Founded in 1950 by William H. Connolly Sr., WHC was owned […]
Franconia-Springfield, Van Dorn St. stations to close during holidays
The Washington Metropolitan Area Transit Authority announced Thursday that the Blue Line Franconia-Springfield and Van Dorn Street stations will be closed for safety improvements from Dec. 19 through Jan. 3. “Doing this work during the holidays will help minimize the number of riders affected by the closures,” according to a WMATA statement. “Ridership at the […]
Renovation of Amazon office building completed in Arlington
A newly renovated 14-story office building in National Landing is ready for Amazon.com Inc. employees to move in, developer JBG Smith announced Wednesday. The revamp of the 273,000-square-foot space at 1770 Crystal Drive, which is mostly leased by the e-tail giant, was finished two quarters early and under its $80 million propos[...]
Dominion announces construction has begun on offshore wind vessel
Dominion Energy Inc. announced Wednesday that construction has begun on the utility’s new vessel that will ferry the workers and huge components needed for its planned buildout of the largest offshore wind farm in the country off the coast of Virginia Beach. Named Charybdis after the sea monster from Greek mythology, Domin[...]
U.Va. announces $30M+ allocations from Strategic Investment Fund
University of Virginia President Jim Ryan on Wednesday announced that the university will allocate more than $30 million in investments among science, technology, engineering and mathematics (STEM) research projects and the Carter G. Woodson Institute for African American and African Studies. Of the $30 million in funding allocated from U.Va.’s Strategic Investment Fund, $15 million […]
Va. hotel revenues remain 51% lower than last year
Virginia hotel revenues continue to decline by more than 50% when compared with last year, according to data released Wednesday from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. Hotel revenues in Virginia dropped by 51% and rooms sold declined by 33% last week, compared with the […]
$380M mixed-use development coming to North Woodbridge
A new $380 million mixed-use development is coming to North Woodbridge in Prince William County, the IDI Group Cos. and Boosalis Properties announced Wednesday. The North Woodbridge Town Center project will include 160,000 square feet of retail space, restaurants, bars, grocery stores as well as 900 apartment units. It will be b[...]
Northam proposes $240M for pandemic response
As COVID-19 cases continue to rise and frontline medical workers receive the first vaccine doses, Gov. Ralph Northam called on the General Assembly to allocate $240 million toward pandemic response in his proposed budget amendments released Wednesday. “The budget I present today preserves our focus on flexibility, targeted investments and help for Virginians. While we […]
