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Governor: Lee monument must come down ASAP
“I am directing the Department of General Services to remove the statue of Robert E. Lee as soon as possible,” Gov. Ralph Northam declared at a news conference Thursday, flanked by a Lee descendant, the Rev. Robert W. Lee IV, and Richmond Mayor Levar Stoney. “It was wrong then, and it is wrong now, so […[...]
Nearly 400K Virginians remain unemployed
Nearly 400,000 Virginians are still unemployed following the economic fallout from the COVID-19 pandemic, though the number of initial jobless claims in the commonwealth continues to decrease. About 31,000 Virginians filed initial claims for unemployment last week, down from roughly 49,000 the prior week, according to the Virgi[...]
PeakLogix to be acquired by Michigan company
Chesterfield County-based PeakLogix, a national material handling systems integrator, has entered into a definitive agreement to be acquired by Michigan-based Alta Equipment Group Inc. Terms of the acquisition were not disclosed. Located in Midlothian, PeakLogix specializes in the design and installation of warehouse automation and storage systems. The company generated approximately $25 million in revenue […][...]
Governor, Richmond mayor aim to remove Confederate monuments
In the wake of protests in the city of Richmond, Mayor Levar Stoney announced Wednesday afternoon that he and City Council member Mike Jones will put forward an ordinance July 1 to remove all Confederate monuments on Monument Avenue. The statuary, which has drawn large numbers of protesters — including some from other states �[...]
Hotels saw 66% revenue drop in late May compared to 2019
Suffering the economic impacts of the coronavirus pandemic, Virginia hotels saw revenues drop 66% for the last week in May compared to the same time a year ago, according to findings released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were also down by 50% and the average daily […]
Private equity firm to acquire Herndon tech company
Herndon-based tech company Exostar LLC announced Tuesday it will be acquired by private equity firm Thoma Bravo LLC. The transaction amount was not disclosed. Exostar is a cloud-based platform that allows companies to securely share information and operate with security compliance. The platform is used by more than 135,000 aerospace and defense organizations across 150 […]
Much of Virginia to enter Phase Two reopening Friday
Much of Virginia will enter Phase Two of Gov. Ralph Northam’s “Forward Virginia” reopening plan on Friday, with restaurants and gyms able to offer limited indoor service, the governor announced during his Tuesday news briefing. Northern Virginia and Richmond will remain at Phase One, however, Northam said, addi[...]
Texas company starts building second data center in Ashburn
Plano, Texas-based data center infrastructure company Aligned Energy LLC has started construction on its second data center in Loudoun County’s Ashburn area, the company announced Tuesday. Aligned finished construction on its first 370,000-square-foot, 60-megawatt data in 2019. The new data center will add 513,000 square[...]
Fairfax medical office building sells for $4.6M
A medical office building in Fairfax County’s Merrifield area has sold for $4.6 million, Toronto, Canada-based commercial real estate company Avison Young Inc. announced Monday. The five-story, 53,430-square-foot building is 37% leased to several medical practices, says Avison Young Principal Jim Kornick, who led the sale [...]
Picking up the pieces
At 3:30 a.m. Sunday, May 30, Greg Milefsky stood in the middle of his store, Balance Bicycle Shop, on Richmond’s West Broad Street. The windows were broken, and the bikes — those for sale and ones left by customers for repair — were all gone. “People were coming in and stealing everything that was left,” […]
An implosion for the ages
Dominion Energy Inc.’s 1970s-era former headquarters made a big kaboom! Saturday morning as it was imploded in downtown Richmond, making way for a new office tower — although plans for the replacement building have not been finalized. Thousands of people gathered on bridges, hills and sidewalks to watch the spectacle, which was for many the […]
Virginia enters June with 45,398 COVID-19 cases
The Virginia Department of Health reported 45,398 confirmed and probable cases of COVID-19 on Monday, an increase of 791 from the previous day. There are 1,392 deaths, 17 more than on Friday, and 1,371 people who are positive or have test results pending are hospitalized in the state, according to the Virginia Hospital & Hea[...]
