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Va. sees fewer new COVID-19 cases, deaths last week
Virginia recorded 6,164 new COVID-19 cases and 57 fatalities from Sept. 8-14, bringing state totals to 134,571 cases and 2,743 deaths, according to the Virginia Department of Health. The state’s positivity rate is 7.2%, down from 7.7% last week. Several universities are reporting COVID-19 rates among students, faculty and staff members, although the universities are […]
Hampton Roads sees record drop in available homes for sale
Hampton Roads housing inventory was down by nearly 47% in August, compared to August 2019, Real Estate Information Network Inc. (REIN) reported Tuesday. The region’s supply of inventory stood at just 1.97 months in August, which is the lowest recording since REIN began tracking this metric in September 2008. “Simply [...]
Newport News office building sells for $3.4M
An office building in Newport News has sold for $3.4 million, Cushman & Wakefield | Thalhimer announced last week. Located at 11818 Rock Landing Drive in the Oyster Point Park area, the 29,092-square-foot Peninsula Professional Building was 100% occupied at the time of the sale. The building is leased to several tenants incl[...]
Construction begins on massive housing development in Reston
Construction began last week on “The Midline,” a residential and commercial community to be located two blocks from the Wiehle-Reston East Metro Station (Silver Line) in Fairfax County, EYA Development LLC announced Sept. 8. It’s anticipated that 80 townhouses will be completed by early 2021, with an additional[...]
Charlottesville Business Innovation Council announces 2020 awards
Charlottesville Business Innovation Council (CBIC) on Thursday announced winners of its 2020 CBIC awards, which honor entrepreneurship, and gifted $8,500 in scholarships and grants to three student entrepreneurs and a teacher to support entrepreneurship and science and technology education. Below is a list of award recipients: 2020 CBIC Educator of the Year: Dominique Morse, a […]
JetBlue to offer daily West Coast flights from Richmond International Airport
JetBlue Airways announced Thursday that it will offer daily flights from Richmond International Airport (RIC) to Los Angeles (LAX), Las Vegas (LAS) and Tampa (TPA) starting in November and December. Once-a-day service to TPA will start Nov. 19 and service to LAX and LAS will start Dec. 18. Daily service to Tampa begins on Nov. [[...]
State General Fund revenue down only 0.2% in August
Despite the pandemic, Gov. Ralph Northam announced Thursday that August General Fund revenue collections decreased only 0.2% compared to the same time last year. “Despite trying economic conditions, collections from payroll withholding and sales taxes remained steady,” Northam said in a statement. “We look forward to September’s receipts, which will provide more insight into Virginia’s […][...]
Richmond Times-Dispatch, Roanoke Times, Daily Progress see newsroom layoffs
Updated Sept. 11 At least five newsroom staffers at the Richmond Times-Dispatch were told Friday that they were being laid off by owner Lee Enterprises. Four people laid off were part of the bargaining unit for the Richmond Newspapers Professional Association, the Times-Dispatch’s newsroom union, a representative confirmed. They include a business reporter, a photojournalist, […]
Northam eases COVID-19 restrictions in Hampton Roads
After more than six weeks, Gov. Ralph Northam eased COVID-19 restrictions in Hampton Roads localities Thursday, citing “significantly improved” health metrics. The region will join the rest of the state in Phase Three of the “Forward Virginia” plan, effective immediately. On July 31, the governor placed a ban on gatherings of more than 50 people, […]
Don’t expect hotel revenue improvement to continue, industry says
UPDATED SEPT. 11, 2 P.M. Virginia hotel revenues saw some improvement last week, according to data released Thursday, but hotel industry representatives say it’s nowhere near enough to offset the “economically devastating” losses that the lodging sector has suffered this year due to the pandemic. For the week of Aug. 30 through Sept. 5, hotel […]
Tegna raises $550M in debt financing
Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has raised $550 million in debt financing, which will go to pay outstanding debt. “With this successful offering, Tegna has reduced our overall average borrowing costs and locked in a lower fixed interest rate as we did earlier this year, further strengthening our balance […]
Reston contractor buys Md.-based software, systems engineering company
Reston-based government contractor Acclaim Technical Services Inc. announced Sept. 1 it has acquired Rockville, Maryland-based software and systems engineering company Global Consulting Services Inc. Terms of the transaction were not disclosed. Founded in 2015, Global Consulting Services’ 30 employees support multiple contracts working on development, engineering and testing of mission critical systems for Intelligence Community[...]
