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Shenandoah eyes old rail line as trail to prosperity
Woodstock Mayor Jeremy McCleary has a vision. On a vacated railroad line that runs nearly 50 miles, from just outside Front Royal through Shenandoah County and down to the Rockingham County town of Broadway, McCleary envisions creating a trail for bicyclists, walkers and runners. The trail’s planned pathway wanders through Civ[...]
Power contract keeps third-party solar out of reach
More than 40 years ago, local governments in Appalachian Power’s service area banded together to negotiate rates. Now, Rocky Mount Town Manager James Ervin, chair of the steering committee that leads negotiations, says that’s worked out well. “We pay a rate that is considerably less than a comparable private sector busines[...]
Virginia Beach revives resort office to bolster Oceanfront tourism
This summer, visitors to Virginia Beach’s resort area will be greeted by spruced-up properties, enhanced entertainment options and new tourism ambassadors. These are just some of the city’s efforts to improve the 40-block commercial district through its restored Resort Management Office. City Council is allocating $1.1 milli[...]
Developers see green with state’s first ecodistrict
The rooftop of a former office building might not appear to be the ideal location to harvest tomatoes, corn and squash, but that may be the fate of Best Products’ former headquarters. From the ashes of the failed $1.5 billion Navy Hill project that sought to redevelop Richmond’s downtown, a similar arena-anchored project cal[...]
Commercial leases take a more generous turn
As Northern Virginia has been hit hard by rising office vacancies during the pandemic, companies there are increasingly seeking more generous lease terms and benefits. “There has been a shift toward short-term renewals of existing leases,” says David Ritchey, executive vice president of JBG Smith Properties, a real estate in[...]
Wind industry training catches a Southern breeze
New College Institute wants to take the lead in building the state’s wind energy workforce. In January, the Martinsville higher education center became the first site in Virginia to offer wind technician training courses, certified by the Global Wind Organisation, a Danish nonprofit that sets international minimum standards fo[...]
Perspecta to be acquired for $7.1B in all-cash deal
Chantilly-based federal contractor Perspecta Inc. will be acquired for $7.1 billion by Herndon-based national security contractor Peraton, an affiliate of private investment firm Veritas Capital, in an all-cash deal, the companies announced Tuesday. Perspecta will combine with Peraton under the transaction, which is expected to [...]
Falls Church consultancy names executive chairman, vice chairman
Falls Church-based consultancy PACEM Solutions International and PACEM Defense LLC announced Friday the appointment of Cory Mills as executive chairman and Rana Al Saadi as executive vice chairman of its board of directors, effective immediately. Mills and Saadi are both co-founders of PACEM Solutions International and PACEM D[...]
At 10-year mark, CarLotz goes public
Nearing its 10-year anniversary, CarLotz, a used-cars consignment company founded in Chesterfield County, went public on Friday. In October 2020, CarLotz first announced it would merge with special purpose acquisition company Miami-based Acamar Partners Acquisition Corp. — a deal that was approved by stockholders Jan. 8 and cl[...]
Wood products manufacturer will create 73 jobs in Russell County
Rambler Wood Products is investing $7.6 million to establish a wood products manufacturing facility in Saint Paul, creating 73 jobs in the Russell County area, Gov. Ralph Northam announced Friday. “As Virginia’s third-largest private sector industry, forestry supports thousands of quality jobs in our rural communities and co[...]
Shenandoah County distillery faces environmental violation charges
Maurertown-based Filibuster Distillery LLC and its co-founder, Sid Dilawri, have been indicted on 115 counts of violating State Water Control laws by allegedly dumping more than 40,000 gallons of industrial waste into a Shenandoah County stream, according to the Virginia Office of the Attorney General. The Shenandoah County dist[...]
Northam warns extremists with “ill intent” to avoid Richmond
Speaking at a news conference Thursday, Virginia Gov. Ralph Northam issued a warning to anyone “with ill intent in your heart” to abandon their plans to come to Richmond as part of an armed protest of the state legislature. The governor said the state government is prepared for security concerns around the General Assembly’s annual […]
