Sign In
Free Newsletter
Gannett announces mass layoffs, pay cuts, furloughs
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sent an email to employees Monday announcing mass layoffs, furloughs and pay cuts, according to The Daily Beast. Like other media outlets, the company has reportedly a large drop in advertising revenues recently due to the financial crisis caused by the COVID-19 pandemic. Gannett has a […]
Tegna acquisition talks fall through
As the financial fallout from the COVID-19 pandemic escalates, Tysons-based Tegna announced that two offers to acquire the Gannett spinoff company have fallen through. “TEGNA and its advisors engaged substantially with two of these parties and provided them extensive non-public due diligence information,” the company wrote in a statement over the weekend. “These two parties […]
Developer to renovate Rosslyn Marriott, construct three residential buildings
The Rosslyn Marriott hotel will be partially demolished and renovated and three residential buildings will be added to the site, according to a release from the Arlington County Board. Financial terms of the plans were not released. The hotel is located at 1401 Lee Highway and currently has 445 rooms. Site developer KBLH LLC wil[...]
Mechanicsville apartment complex sells for $7.6 million
The Signal Hill Apartments complex in Mechanicsville sold for $7.6 million on March 26, according to Glen Allen-based real estate company Commonwealth Commercial Partners LLC. Signal Hill includes 68 units and one four-bedroom rental home and is located at 8111 Signal Hill Road. The property came on the market during fall 20[...]
Spotsylvania County office building sells for $3.8M
An office building in Spotsylvania County sold for $3.8 million, Cushman & Wakefield | Thalhimer announced March 24. The office building, Deep Run Building C, is 42,216 square feet and was 100% leased at the time of the transaction. It is located at 11905 Bowman Drive, which is less than a mile from the Rappahannock [&hellip[...]
Va. Tech student tests positive for COVID-19
A Virginia Tech student living off campus in Blacksburg has tested positive for COVID-19, according to an email sent out Friday by Virginia Tech President Tim Sands. The student is believed to have been exposed to the virus during international travel and is in self quarantine. “The Virginia Department of Health, working with our own […]
Omni Homestead closed temporarily during 2020 pandemic
The Omni Homestead Resort in Hot Springs announced Friday that it is closing from March 29 until June 1, due to the economic fallout from the COVID-19 pandemic. “The global health crisis has hit the hospitality industry swiftly and significantly. Like many hotels, we’ve felt the impact and made the difficult decision to temp[...]
Fourth resident dies from COVID-19 at Henrico nursing home
A fourth resident has died from COVID-19 at Canterbury Rehabilitation and Healthcare Center, the long-term care nursing home in western Henrico County where 17 residents and six staff members have tested positive for the novel coronavirus over the past 12 days. Two patients from the center are receiving treatment at a regional hospital and 11 […]
An aerial view of drone industry during COVID-19
Virginia Business virtually sat down with Tom Walker, founder and CEO of DroneUp, a Virginia Beach-based company that provides end-to-end aerial data services to the commercial sector, government and pilots to get a feel for how his drone company has adapted to doing business during the coronavirus crisis. This is part of an ong[...]
SCC rejects large portion of Dominion’s grid upgrade plan
UPDATED MARCH 27, 10 A.M. The Virginia State Corporation Commission (SCC) on Thursday put the brakes on a major portion of Dominion Energy Inc.’s proposed $7 billion, 10-year plan for electrical grid upgrades, saying it was “due to the projected heavy costs to customers without adequate benefits.” The SCC approved some parts of the plan’s […]
Colonial Downs Group will pay Rosie’s employees through April
After closing its popular Rosie’s Gaming Emporiums and the Colonial Downs Racetrack in light of the COVID-19 pandemic, Colonial Downs Group announced Wednesday that it will pay all company employees through April and will also transition its Rosie’s Kitchens to providing 20,000 free “grab and go” meals fo[...]
Colonial Williamsburg closing most hotels, furloughing staff
In response to the growing COVID-19 pandemic, Colonial Williamsburg is expanding its closures to include most of its hotels and will furlough most hospitality staff after April 11. The already-financially challenged history tourism foundation has also immediately instituted pay cuts for all employees making more than $50,000 per[...]
