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UR offers ‘no loan’ financial aid to Richmond public school students
The University of Richmond is launching a “No Loan Program” in partnership with Richmond Public Schools, the university announced Wednesday. RPS graduates who attend the university can receive grants to pay for all demonstrated financial need — instead of loans that must be repaid. “We know that the thought of ta[...]
Va. home prices, sales up during October
Home prices in Virginia continued to surge during October due to high demand, low inventory and mortgage rates, according to a report released by Virginia Realtors on Tuesday. Northern Virginia, Central Virginia and Hampton Roads saw median home prices rise by 15% when compared with the same time last year. The median statewide [...]
Construction begins on $20M Norfolk apartment complex
Construction began late last week on a $20 million apartment complex at the site of the former American Cigar Co. in Norfolk, according to S.L. Nusbaum Realty Co. The 118-unit complex (including one-, two- and three-bedroom floor plans) will be located at 1140 and 1148 E. Princess Anne Road in Norfolk’s Bruce’s Park [...]
BAE Systems wins potential $100M Navy contract
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential one-year, $100.5 million contract to perform work on the USS Stout ship, the U.S. Department of Defense announced Tuesday. Under the contract, BAE Systems Norfolk Ship Repair will perform shi[...]
Gannett announces $500M debt refinancing
McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Tuesday it has refinanced approximately $500 million in debt to more quickly repay on outstanding loans. Gannett announced in early April that it was negotiating with its vendors, creditors and pension regulators in order to preserve the company’s liquidity. It was noticeably not […]
Hampton Roads Navy installations under increased COVID-19 restrictions
U.S. Navy personnel in Hampton Roads were ordered Tuesday to restrict their travel to work, home and essential stops, and avoid gathering in groups of more than 10 people. Rear Adm. Charles W. Rock, commander of the Navy’s mid-Atlantic region, issued the order after an increase in COVID-19 cases. The following restrictions[...]
McLean-based ID.me to add 1,000 workers in NoVa
McLean-based identity verification company ID.me announced Tuesday it plans to hire 1,000 new employees in Northern Virginia before the end of 2021. ID.me, which provides identity verification services used for military discounts and group buying services online, has hired more than 300 employees thus far this year, attributable to its “explosive growth.” “Since the onset […]
Chesapeake office building sells for $4.25M
An office building in Chesapeake has sold for $4.25 million, Colliers International announced Monday. Located at 661 Independence Parkway, the 50,000-square-foot Class A office building sits on more than 11 acres in the Battlefield Commerce Park area. Matsushita Real Estate Corp. of America sold the property to Hooked Group LLC,[...]
U.S. Customs and Border Protection awards SAIC $973M task order
U.S. Customs and Border Protection (CBP) awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) a task order worth up to $973 million to work on the CBP’s system for identifying travelers and cargo that present potential security threats to the U.S., SAIC announced Tuesday. Under the task order, SAIC will work on […]
Packaging manufacturer announces $68M expansion in Louisa, Wythe
Packaging manufacturer Klöckner Pentaplast Group (kp) will invest $68 million to expand its facilities in Louisa and Wythe counties, creating 54 jobs, Gov. Ralph Northam announced Tuesday. Founded in 1965 Montabaur, Germany, Klöckner Pentaplast Group manufactures packaging for pharmaceutical, medical device, food, beverage and card clients. The company has operations in 18 countries and employs […][...]
Staunton shopping center sells for $2.2M
A shopping center in Staunton sold for $2.2 million, Colliers International announced late last week. The 55,984-square-foot Orchard Hill Square shopping center is located at 11 Orchard Hill Circle. It was 82.5% leased at the time of the sale to tenants including Food Lion, University of Virginia Dialysis, TJ Maxx, Ashley HomeSt[...]
Washington Football Team closes Ashburn sports training complex
The Washington Football Team announced Tuesday it would close its Inova Sports Performance Center in Ashburn after finding out that a player had tested positive for COVID-19 on Monday night. The team has closed the sports complex where the team trains in Ashburn and has moved all meetings online scheduled for this week, accordin[...]
