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Chesterfield County retail property sells for $1M
A multi-tenant retail property in Chesterfield County sold for $1 million, Cushman & Wakefield | Thalhimer announced last week. Located at 10801 Midlothian Turnpike, the 9,735-square-foot property was 100% leased at the time of the sale to Howes Car Stereo, SMG Imports and My Elite Physique, said Cushman & Wakefield | Thalhimer Senior Vice President […]
Home sales continue to surge in September
Virginia continues to see home sales surge, with a 35% increase during September, according to Virginia Realtors. Sales were up by a staggering 80% in Eastern Virginia when compared to last year. Northern Virginia saw a 37% increase, and Central Virginia saw a 24% jump. Although home sales historically slow following the summer season, the […]
Viva Virginia
Danville once stood tall as a driver of Virginia’s economy, an epicenter both for textile production at Dan River Mills and for tobacco when it was still the commonwealth’s golden leaf. Both industries came crashing down in the 2000s. A rising tide of public sentiment led to tobacco’s decline, and the federal quota system [...]
Danville Community College announces Morgan Olson collaboration
Danville Community College (DCC) on Thursday announced a collaboration agreement with North America’s largest walk-in van manufacturer, Morgan Olson LLC, for training and talent development. Working with the Virginia Talent Accelerator Program and the Virginia Economic Development Partnership (VEDP), DCC and Morgan Olson devel[...]
Mt. Jackson firm buys German lab company
Mt. Jackson-based preclinical and clinical archiving company StageBio announced Tuesday it has acquired Freiburg, Germany-based TPL Path Labs. Terms of the acquisition were not disclosed. StageBio provides GLP-compliant (good laboratory practice) necropsy, histology, pathology and specimen archiving services for both preclinical and clinical research. The combined company will offer other services including histopathology, molecular p[...]
CACI wins $86.5M Homeland Security task order
The U.S. Department of Homeland Security awarded Arlington-based federal technology contractor CACI International Inc. a five-year, $86.5 million task order to analyze open-source data to prevent criminal, fraud, risk and terrorism activity. Under the task order, CACI will work to identify event patterns through data analysis approaches aimed at detecting criminal groups, conspiracies and activities […][...]
Leidos secures $149.2M Navy contract
The U.S. Navy awarded Reston-based Fortune 500 federal contractor Leidos Holdings Inc. a $149.2 million contract to provide services and supplies for the Naval Array Technical Support Center facility’s operations, the Department of Defense announced Thursday. The majority of the work on the contract will be performed in Newport, Rhode Island; Reston and Virginia Beach. […]
ManTech lands $260M Navy task order
The U.S. Department of Defense awarded Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, a four-year, $260 million task order to update the U.S. Navy’s mission systems for its maritime patrol and reconnaissance aircraft. Under the task order, ManTech will work to moder[...]
Northam directs $22M to future COVID vaccine program
While COVID-19 vaccines have yet to be approved in the United States, Gov. Ralph Northam announced Friday that the state government has earmarked $22 million in federal CARES Act to establish a statewide program to distribute vaccines once they’re ready. The commonwealth submitted its draft vaccination plan to the Centers for Disease Control and Prevention […]
U.Va. launches Sands Institute for Lifelong Learning
Using its largest-ever gift — a $68 million donation last year from Frank M. Sands Sr., founder of Sands Investment Group Inc. — the University of Virginia’s Darden School of Business announced Friday it has launched the Marjorie R. and Frank M. Sands Sr. Institute for Lifelong Learning. The Sands Institute for Lifelon[...]
U.Va. researcher: COVID-19 drug appears to not work well for diabetics
A University of Virginia physicist researching a drug that can save severely ill COVID-19 patients’ lives has discovered that it may not work well on diabetics, the U.Va. Health System announced this week. As a result, physicians may need to change the drug regimen for some of their sickest patients. Dexamethasone, a corti[...]
Lara Fritts resigns from Greater Richmond Partnership
Lara Fritts has resigned as president and CEO of the Greater Richmond Partnership, according to an email sent to the public-private economic development organization’s investors this week. Her resignation is effective as of Nov. 30, and she will be serving actively in the role until that time, according to a spokesperson. [...]
