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CDC dispatches team to Eastern Shore poultry plants
A team from the Centers for Disease Control and Prevention is arriving in Virginia today to assist with containing COVID-19 outbreaks among workers at two large poultry processing plants in Accomack County, Gov. Ralph Northam announced during a news briefing Monday. The plants, operated by Arkansas-based Tysons Foods Inc. and Ma[...]
Suffolk office building sells for $8.5M
An office building in Suffolk sold for $8.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 7025 Harbour View Blvd. in Bridgeway Commerce Park, Bridgeway Technology Center I is a 123,407-square-foot, single-story office building sitting on 16.03 acres. The office buildi[...]
Pandemic housing market has fewer sellers, higher sales prices
Virginia Business virtually sat down with Larry “Boomer” Foster, president of Long & Foster Real Estate, to get the current pulse on the real estate market in Virginia. The most recent data published was reflective of March real estate transactions in Northern Virginia, but Foster shared insight from the most up-to-date [...]
Hampden-Sydney College receives $2.45M in anonymous donations
Hampden-Sydney College announced Friday that it received two anonymous gifts totaling $2.45 million to establish a biology laboratory and add to the college’s need-based scholarship funding. A $1 million gift will establish the Hinton Baxter Overcash Immersive Biology Laboratory in the Pauley Science Center, which is exp[...]
American Family Fitness building in Henrico sells for $4.1M
An outparcel building at Virginia Center Commons Mall, which is leased to American Family Fitness, sold for $4.1 million, Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Thursday. The 86,627-square-foot building is located at 10101 Brook Road in Glen Allen and has been leased to American Family Fitness for [...]
The Breeden Co. starts construction on $70M waterfront apartment complex
Virginia Beach-based real estate developers The Breeden Co. began construction this week on a $70 million waterfront apartment complex in the Fort Norfolk area. The Lofts at Front Street will include a 258-unit, five-story apartment complex with studio, one-, two- and three-bedroom units, an internal parking garage and a pedestr[...]
Chester shopping center sells for $4.04M
A shopping center in Chester has sold for $4.04 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The strip mall, Centralia Crossing, is located at 9801 Chester Road and its anchor tenant is Food Lion, which recently extended its lease. The property sold by Berman Kappler Properties [...]
Fairfax NAACP teams up with local nonprofit to aid small businesses
The nonprofit Virginia 30 Day Fund and the Fairfax County NAACP announced Thursday they have launched a partnership to provide funding to minority-owned small businesses in Northern Virginia that have been hurt economically by the COVID-19 crisis. The Virginia 30 Day Fund was founded two weeks ago by Pete Snyder, a technology entrepreneur and CEO […]
Protesters bring the noise, demand to reopen Virginia
RICHMOND, Va. — Horns blared and flags waved from vehicle windows as hundreds of Virginians converged Wednesday on Capitol Square to protest restrictions implemented by Gov. Ralph Northam during the COVID-19 pandemic. Protesters reiterated the message of similar demonstrations taking place in state capitals across the coun[...]
Perspecta Labs wins $14.5M Army contract
Chantilly-based government contractor Perspecta Inc. announced Wednesday that its research arm, Perspecta Labs, has landed a $14.5 million U.S. Army contract to use machine learning to develop a suite of capabilities for the Army to protect against cyberattacks. The project was awarded by the Army’s Combat Capabilities Dev[...]
Axios receives $5M in PPP funding
Arlington-based digital media company Axios Media Inc. announced Wednesday it received nearly $5 million in funding from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the $349 federal relief fund that ran out of funding on April 16 after 13 days due to overwhelming demand from small busines[...]
Loudoun County announces $1M small-business relief fund
UPDATED FRIDAY, APRIL 24: The Loudoun County Board of Supervisors allocated an additional $250,000 to its existing $1 million COVID-19 Business Interruption Fund on Thursday, aimed at helping small businesses in the county that have been harmed by the COVID-19 crisis. The board allocated an extra $105,000 for businesses with 3-50 employees, $110,000 for businesses […]
