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Norfolk inn sells for $1.65M
The Americas Best Value Inn Norfolk has sold for $1.65 million, commercial real estate brokerage firm Marcus & Millichap announced Friday. Built in 1959, the 62-room property sits on a one-acre lot at 1850 E. Little Creek Rd. in Norfolk. Maharishi Dayanand Investment Inc. sold the property to Parmeshwari LLC through a 1031[...]
Gov. Northam, first lady test positive for COVID-19
Virginia Gov. Ralph Northam and first lady of Virginia Pamela Northam have tested positive for COVID-19, according to an announcement Friday from the Governor’s Office. On Wednesday evening, the Northams were notified that a member of the governor’s official residence staff, who works closely within the couple’s living qua[...]
Va. sees small increase in initial jobless claims last week
Virginia saw a marginal increase in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, but continued the trend of lower claims volumes seen in recent months following the peak in April. For the week ending Sept. 19, 10,582 Virginians filed initial claims for unemployment, an inc[...]
State rent, mortgage relief program expands to aid landlords
Gov. Ralph Northam announced Thursday the expansion of the state’s Rent and Mortgage Relief Program (RMRP) to include financial assistance for landlords. The RMRP was launched in late June with $50 million in federal CARES Act funding to assist households facing eviction or foreclosure due to COVID-19. Landlords can now apply to receive financial assistance […]
Biden, Warner leading in latest Va. poll
Democratic presidential challenger and former Vice President Joe Biden leads incumbent President Donald Trump by 5 points in Virginia, according to a poll released Thursday by the Wason Center for Public Policy at Christopher Newport University. U.S. Sen. Mark Warner, the Democratic incumbent, is also ahead of Republican opponen[...]
Warner, Gade face off in debates as Election Day draws near
With a little more than a month to go until the Nov. 3 general election, it is now officially political debate season, with the first debate between incumbent U.S. Sen. Mark Warner and Republican opponent Daniel Gade scheduled for the evening of Wednesday, Sept. 23. Virginians will vote in the presidential election this year as [...]
Va. hotel revenues continue to slip
Virginia hotel revenues continued to worsen last week after a small improvement during the Labor Day weekend, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 13 through Sept. 19, hotel revenues in Virginia decreased by 52% and rooms […]
University of Richmond president to step down
University of Richmond President Ronald A. Crutcher announced Wednesday he has asked the board of trustees to begin a search for his successor, with plans to have a new president take office no later than July 1, 2022. Following his term as president, Crutcher and his wife, Betty, will travel to Berlin for a sabbatical […[...]
Arlington’s Rosslyn City Center getting $35M renovation
A $35 million renovation project at Rosslyn City Center in Arlington will transform an 84,000-square foot space into a place for all-day dining, working and socializing, real estate lender American Real Estate Partners (AREP) announced Wednesday. AREP will complete the renovation at 1700 N. Moore St., where DMK Restaurants co-fo[...]
Mitre launches data-driven policy center
McLean-based The Mitre Corp., a not-for-profit organization that manages federally funded research and development centers, announced Tuesday it has established the Center for Data-Driven Policy, which will provide evidence-based, objective and nonpartisan insights for government policymaking. “Our team of experts will take what Mitre has learned through research and experimentation and apply those insights to […][...]
Arlington space tech startup receives additional CIT funding
The Herndon-based Center for Innovative Technology (CIT) announced Tuesday that Arlington-based space technology startup NOVI LLC has received a follow-on investment from the state government-backed venture fund CIT GAP Funds. An investment amount was not disclosed. CIT seed- and early-stage investments are made to Virginia-based technology, life sciences and clean tech companies that the center […][...]
CIA launches CIA Labs for R&D
The Central Intelligence Agency, based in McLean, announced Monday it has launched CIA Labs, which will see its officers collaborate with private sector professionals, academic professionals and others to develop mission technology. CIA Labs will be part of the Federal Laboratory Consortium and will conduct research, development, testing and engineering for scientific and technological issues. […][...]
