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Wawa parcel in Newport News bought for $4.5M
A property leased to a Wawa in Newport News sold for $4.5 million, Cushman & Wakefield | Thalhimer announced Monday. OMILOS LLC — registered to an Arlington County address — bought the 1.95-acre parcel located at 11124 Jefferson Ave. Property records show that Athanasios K. Polyzos previously owned the property, beginnin[...]
Navy Region Mid-Atlantic changes command
After serving as commander of the Navy Region Mid-Atlantic for a little over a year, Navy Rear Adm. Wesley “Wes” McCall finished his duties Wednesday and has been succeeded by Rear Adm. Carl A. Lahti. As of Wednesday, Lahti now oversees 13 installations from Illinois to North Carolina and is stationed at the world[...]
Hitachi Energy plans $26M expansion in Halifax County
Hitachi Energy plans to invest $26 million into expanding its South Boston facility, that manufactures transformers, a move expected to create about 100 jobs, according to a news release the company shared with a few stakeholders in the Southern Virginia region in June. In April, Hitachi announced plans to invest over $1.5 bil[...]
Mars acquires two veterinary diagnostics businesses
Mars has completed its acquisition of two veterinary diagnostics businesses based in France, the McLean-headquartered candy and pet care corporation announced Tuesday. Mars purchased Cerba HealthCare’s ownership stake in Cerba Vet, a network of six veterinary diagnostics laboratories in France, and Antagene, which provides DNA testing for dogs, cats, horses and wildlife, as well as […][...]
Dewberry wins $810M FEMA contract
The Department of Homeland Security has awarded Dewberry, an engineering, architecture and construction firm in Fairfax County, an $810 million contract to deliver logistics planning and construction services to the Federal Emergency Management Agency, according to a System for Award Management (SAM) notice published Friday. The indefinite-delivery, indefinite-quantity contract will support FEMA’s Logistics Management Directorate, [&h[...]
Boeing to purchase Spirit AeroSystems in $4.7B+ deal
Beleaguered aerospace and defense giant Boeing announced Monday it has entered an agreement to reacquire Boeing spinoff company Spirit Aerosystems in a $4.7 billion, all-stock transaction. The Fortune 500 company headquartered in Arlington County will also assume Spirit’s net debt, so the deal’s total value is approx[...]
Roanoke developer pivots from office space to downtown park
Sometimes the best decision a builder can make is not to build. That’s the conclusion Lucas Thornton, managing partner at Hist:Re Partners in Roanoke, recently reached, although his plans for an office building may happen in the future. Thornton’s downtown mixed-use development, The Bower, was set to open by late June with 9[...]
Bristol casino ups the ante for opening
The Hard Rock Hotel & Casino Bristol’s development team has pushed back the opening of the permanent casino, previously expected in July, and will instead open the approximately $515 million permanent casino resort in late fall. The team — a joint venture between Hard Rock, Par Ventures President Clyde Stacy and The Uni[...]
Competition’s fierce for Shenandoah medical marijuana permit
UPDATE: State delays choosing Shenandoah medical marijuana provider The Virginia Cannabis Control Authority (CCA) received 40 complete applications for conditional permits to operate as the state’s sole licensed pharmaceutical processor of medical cannabis for a region including the Shenandoah Valley, as well as Charlottesvill[...]
CoStar-WeWork dispute opens door for coworking competitors
One of the most disrupted sectors in Northern Virginia since the pandemic has been office space, as many white-collar workers work remote or hybrid schedules, leading to less demand. On top of that, in Arlington County’s Rosslyn corridor, WeWork clients have had to deal with the coworking company’s uncertain future. Although[...]
Richmond switches up stadium funding plan
UPDATED JULY 16 Richmond City Council this spring pitched a bit of a curveball on financing of the city’s new baseball stadium. On May 8, councilors approved a plan that they say would save the city money and get the replacement stadium — part of the proposed Diamond District — completed in time to meet […]
NNS aims to grow workforce
Virginia’s largest industrial employer, Newport News Shipbuilding, hopes to grow its 26,000-person workforce by 3,000 this year to tackle its backlog of projects. NNS, a division of Huntington Ingalls Industries, is building modular components for 12 Columbia-class subs and then handing them off to partner General Dynamics’ [...]
