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Virginians wager $633M on sports in December
Virginians bet about $633 million on sports in December 2023, up 25.9% from December 2022, according to data released by the Virginia Lottery on Feb. 1. December’s handle is a 0.88% decrease from November 2023, when Virginians bet $638.8 million on sports. Virginia bettors won more than $569.57 million in December 2023 and $59[...]
Historic Richmond apartment building sells for $5.25M
A 32-unit apartment building in Richmond sold for more than $5.52 million on Jan. 16, according to city property records. Located at 3003 Parkwood Ave., The Parkwood was listed on the National Register of Historic Places in 2016. Built in 1941 and designed by well-known Richmond architects J. Binford Walford and O. Pendleton Wri[...]
Northrop Grumman breaks ground on $200M Waynesboro facility
Falls Church-based Fortune 500 defense contractor Northrop Grumman broke ground Friday on its $200 million-plus facility in Waynesboro. Gov. Glenn Youngkin announced the planned facility, which will hold advanced electronics manufacturing and testing, in November 2023. Northrop Grumman anticipates creating an estimated 300 jobs [...]
Franklin apartments sell for $18M
A 244-unit apartment community in Franklin sold for $18 million on Dec. 28, 2023, according to a news release from S.L. Nusbaum Realty. Located at 201 Forest Pine Road, the Forest Pine Apartments have traditional and garden-style one-, two- and three-bedroom units. The 23.27-acre property has a community swimming pool and playgr[...]
‘Shark Tank’ casting call is coming to Va.
Virginia entrepreneurs, “the sharks” are coming for you. The casting team of ABC’s “Shark Tank” will hold its first-ever casting call in Virginia at Rivers Casino Portsmouth on April 12. The show is getting ready to film its 16th season with venture capitalists Barbara Corcoran, Mark Cuban, Lori Gre[...]
DXC makes Raul Fernandez permanent pres., CEO
Raul Fernandez is now the permanent president and CEO of DXC Technology, the Ashburn-based Fortune 500 IT company announced Thursday. DXC appointed Fernandez interim president and CEO in December 2023, replacing Mike Salvino in two of his three roles. David Herzog, DXC’s lead independent director, replaced Salvino as chairman [...]
Maximus hires chief digital and information officer
Maximus has hired Derrick Pledger as chief digital and information officer, the Tysons-based federal tech contractor announced Tuesday. Pledger joins Maximus from Leidos, where he oversaw a global team as the contractor’s chief digital and information officer. At Maximus, his responsibilities will include leading the company�[...]
HEARD AROUND VIRGINIA
Alexandria venture capital firm Columbia Capital has indicated in regulatory filings that it has raised $977 million to keep investing in companies in the communications and technology fields. Documents filed with the Securities and Exchange Commission on Dec. 15, 2023, show the investment firm has reached its fundraising goal for two separate funds. The firm […]
Dominion offshore wind farm earns final federal approvals
Richmond-based Dominion Energy has earned the final two federal approvals needed to move forward with the construction and operation of its $9.8 billion, 176-turbine offshore wind farm 27 miles off the coast of Virginia Beach. The Bureau of Ocean Energy Management granted final approval of the construction plan for the Coastal V[...]
Buc-ee’s starts construction on Rockingham center
It won’t be too long before drivers on Interstate 81 in Rockingham County will see a sign bearing a friendly, hat-wearing beaver. Texas-based travel center chain Buc-ee’s started construction on its first travel center in Virginia with a ceremonial groundbreaking Tuesday. Gov. Glenn Youngkin was there, as well as Buc-ee̵[...]
Martin Agency has new CEO
Danny Robinson is taking over from Kristen Cavallo as CEO of The Martin Agency, parent Interpublic Group of Cos. announced Tuesday. Robinson has been chief creative officer of the Richmond-based ad agency since 2020. Cavallo has headed Martin for the past six years, and IPG named her global CEO of MullenLowe Group 14 months ago.[...]
Sentara Halifax hospital construction to start in fall
Sentara Health will begin construction in the fall on a modern acute care hospital to replace the aging Sentara Halifax Regional Hospital in South Boston, with plans to open the facility in summer 2026, the Norfolk-based regional health care system announced Monday as it also released the first renderings of the replacement hosp[...]
