Sign In
Free Newsletter
Oral arguments set for Virginia Credit Union, bank dispute
Oral arguments are set for Jan. 6 in a dispute between the Virginia Credit Union and seven small community banks and the Virginia Bankers Association (VBA) over the credit union’s offer to include the Medical Society of Virginia’s 10,000 members. A. Ann Berkebile, a senior hearing examiner at the State Corporation Commission, scheduled oral arguments […]
Canadian company to acquire County Waste of Virginia
West Point-based County Waste of Virginia LLC and its subsidiaries will be acquired by Canadian waste management company GFL Environmental Inc, GFL announced Tuesday. The acquisition is subject to approval under the Hart-Scott-Rodino Act, which requires parties to notify the Federal Trade Commission and Department of Justice of large mergers and acquisitions. The companies will […]
Unionized GMU workers report wage increase
More than 200 Sodexo food service workers at Fairfax-based George Mason University will see an average 12% wage increase as a result of the workers’ first ratified union contract with New York-based labor union Service Employees International Union, Local 32BJ, the union announced Monday. Under the agreement that expires June 2024 for food service workers […]
Another Arlington economic development official leaves for Fairfax
Longtime Northern Virginia economic development professional Alex Iams has been selected as executive vice president of the Fairfax County Economic Development Authority (FCEDA), the agency’s president and CEO Victor Hoskins announced Monday. Iams was part of the team that worked under Hoskins at Arlington Economic Development to help secure Amazon.com Inc.’s HQ2 East Coast headquarters. […][...]
Owens & Minor names new board member
Mechanicsville-based Owens & Minor Inc. has named Michael C. Riordan, a former co-chief executive officer of Prisma Health, to its board of directors. Owens & Minor is a Fortune 500 medical distribution company with 17,000 employees in 90 countries. Riordan, 61, served as chief executive for the Greenville Health System from 2006 to 2016, when […]
Atlantic Union Bank donates building to Bowling Green
Richmond-based Atlantic Union Bank has donated a 480-square-foot building to the Town of Bowling Green, which will use it as the town’s new economic development office, the bank announced Monday. Atlantic Union Bank traces its origins back to the Caroline County Bank, which opened in Bowling Green in 1902 and later became know[...]
Fredericksburg industrial park parcel sells for $3.8M
A nearly 11-acre parcel in Fredericksburg’s Battlefield Industrial Park has sold for $3.8 million to Fairfax County-based Andrew and Andrew RE Investment, Cushman & Wakefield | Thalhimer announced Thursday. Located at the intersection of Tyler Street and Central Road, the parcel consists of four mostly vacant office and industrial buildings comprising 75,000 square feet and three […][...]
Carvana opening $25M center in Chesterfield
Tempe, Arizona-based Carvana Co., an e-commerce platform for buying and selling used cars, will be investing $25 million to establish a vehicle inspection and reconditioning facility that will create an estimated 400 jobs in Chesterfield County, Gov. Ralph Northam announced Thursday. “Carvana is a fast-growing national company, and we are proud that it has chosen […]
Richmond’s Market Villas apartments sells for $3.9M
Richmond real estate developer Lynx Ventures sold Market Villas, a 31-unit adaptive reuse apartment property, to real estate asset management firm CJehn Partners LLC for more than $3.9 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The property located in downtown Richmond’s historic Shockoe Bottom neighborhood includes first-floor retail space in close […][...]
Port of Virginia begins $350M dredging project
The dredging project to make Virginia the East Coast’s deepest port has begun nearly two-and-a-half years earlier than expected, The Port of Virginia announced Monday. Dredging work started Dec. 2 to deepen the western side of Thimble Shoal Channel to 56 feet for commercial channels. After the dredging, the Norfolk Harbor will be able to […]
Herndon software company acquired by Florida tech distributor
Herndon-based software and cloud solutions company DLT Solutions was acquired by Clearwater, Florida-based technology distributor Tech Data Corp., Tech Data announced Monday. DLT is now a wholly owned subsidiary of Tech Data Corp. The financial terms of the acquisition were not disclosed. DLT Solutions provides cloud solutions for the U.S. public sector and will continue […]
McLean cloud network provider pays $55M for Dutch company
McLean-based cloud networking provider GTT Communications Inc. acquired Dutch telecommunications and IT provider KPN International for €50 million cash (or about $55.4 million), GTT announced Monday. The acquisition will add more than 400 strategic enterprise and carrier clients and will make GTT the preferred international network supplier for several hundred of KPN’s clients. It will […][...]
