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Real estate firm Edge names partners for multifamily capital markets group
Rockville, Maryland-based commercial real estate firm Edge — which has an office in Tysons — named Ryan Ogden and Jared Emery as partners to found the company’s multifamily capital markets group, the firm announced Tuesday. The division will be located at the firm’s Washington, D.C. office. Ogden most recently was senior managing director at the New York […]
Spaceflight Industries sells satellite rideshare business to Japan-based companies
Seattle-based Spaceflight Industries Inc. — which has a Herndon location — has sold its satellite rideshare business Spaceflight Inc. to Tokyo-based Mitsui & Co. Ltd. and Chiba, Japan-based Yamasa Co. Ltd., the company announced Tuesday. Financial terms of the sale were not disclosed, but the parent company, Spaceflight Industries, will use the capital from the […]
Smithfield Foods announces RedWhiteandCool program to hire vets
Smithfield Foods Inc. and the Refrigerating Engineers and Technicians Association (RETA) on Tuesday announced RedWhiteandCool — an initiative to recruit, train and hire transitioning military veterans into the refrigeration industry as refrigeration technicians. Smithfield Foods is a founding sponsor of the program. “There is a shortage of skilled labor in our country and the commercial […][...]
Henrico civil engineering firm promotes two execs
Henrico County-based civil engineering firm Draper Aden Associates (DAA) promoted Sri Nathella as a principal at their Blacksburg location and Tyrus Clayton as a principal at their Raleigh, North Carolina, location, the company announced Tuesday. Nathella has 29 years of experience, 25 of which have been at DAA in environmental engineering and he leads the […]
Reston-based tech firm acquires Danish company
Reston-based federal contractor and tech firm SOS International LLC (SOSi) has acquired Denmark-based analytics software company NorthStar Systems, SOSi announced Tuesday, making it the company’s fifth acquisition since 2016, including New World Solutions, Defense Group Inc., STG Group Holdings Inc. and Vykin Corp. Financial terms of the deal were not disclosed. “We’re continuing to expand […][...]
Two Va. hospitals ranked in nation’s top 100
Healthgrades has named its 2020 list of the top 250 hospitals in the United States, and two Virginia hospitals landed in the top 100. Inova Fairfax Hospital in Falls Church and Sentara Leigh Hospital in Norfolk are in the top 2% of the America’s Best Hospitals survey released Tuesday. Inova Fairfax was recognized as one […]
Dominion attributes $1B annual earnings drop to SCANA acquisition
Richmond-based Dominion Energy Inc. reported $1.4 billion in earnings for 2019 — $1 billion less than the utility earned during 2018, the company reported in its fourth-quarter earnings call Tuesday. The difference in earnings is primarily related to Dominion’s acquisition of SCANA Corp., which closed on Jan. 3, 2019, says Dominion spokesperson Ryan Frazier. The […]
Dominion sets net-zero carbon goal by 2050
Richmond-based Dominion Energy Inc. announced Tuesday a new goal of achieving net-zero carbon dioxide and methane emissions from its electricity generation and gas infrastructure operations by 2050. The new benchmark significantly raises the stakes for Dominion, which announced in October 2019 plans for reaching 80% carbon reduc[...]
Richmond’s $1.5B Navy Hill project is dead
Richmond City Council on Monday formally killed the $1.5 billion Navy Hill proposal, with seven of nine members voting to strike several elements of the plan from the council’s consent agenda. After the vote, council members passed a resolution that Richmond Mayor Levar Stoney start over with a request for proposals to dev[...]
BWX Technologies lands $3.6M nuclear contract
Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) has been awarded a $3.6 million contract from the U.S. Department of Energy’s National Nuclear Security Administration (NNSA), the company announced Tuesday. The BWXT Nuclear Operations Group Inc. (a subsidiary of BWXT) will convert research reactors from high-enriched uranium. Research reactors are used to perform science experiments […][...]
Lawmakers advance bills regulating consumer lending
RICHMOND, Va. — Del. Mark Levine recalls receiving a $1,000 loan offer from a company with a 299% interest rate buried deep in the fine print. “As the company compounds daily at this interest rate, this loan would cost anyone desperate enough to accept this offer more than $20,000 in interest and fees if they […]
The Hilb Group acquires Florida insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Bonita Springs, Florida-based Regency Insurance Group LLC (RIG), effective Feb. 1. Financial terms of the acquisition were not disclosed. RIG is a property and casualty agency that specializes in personal lines coverage including home, auto, flood and watercraft insurance. RIG co-founders […][...]
