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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 standard[...]
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 an[...]
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 […]
350-unit apartment complex coming to Richmond’s Scott’s Addition
A 350-unit mixed-use apartment building is coming to Richmond’s Scott’s Addition neighborhood by late 2022 or early 2023, Glen Allen-based real estate investment company Capital Square and Charleston, South Carolina-based real estate developer Greystar announced Thursday. Capital Square and Greystar purchased 2.28 ac[...]
Reston-based Comscore secures investments for stock deal
Reston-based media-measurement and analytics company Comscore Inc. announced Thursday that Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP are each making a cash investment in exchange for shares of convertible preferred stock. Proceeds from the investment will be used by Comscore to retire existing debt […][...]
Barter Theatre hangs on with Moonlite shows
Abingdon’s Moonlite Theatre is on the National Register of Historic Places and in the lyrics of at least two country western songs, but the drive-in movie theater was closed for most of the last decade. When Katy Brown visited it last spring, “it was a wreck,” she recalls, “but I thought all we’d have to [&hell[...]
ODU mapping tool to help site wind turbines
The answer, they say, is blowin’ in the wind. In August 2020, Old Dominion University won a $775,000 grant from the Department of Defense that will help create a “wind energy siting solution,” enabling offshore and onshore wind-energy developers to avoid potential conflicts with military operations and trainings. The[...]
