Dominion offshore wind farm hits next federal benchmark
BOEM could approve project by end of Oct.
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Dominion Energy’s proposed offshore wind farm on Monday hit another major milestone. The federal Bureau of Ocean Energy Management announced it has completed its environmental assessment of the project, planned
Henrico office building sells for $66M
Building is 100% leased by Elevance Health
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Richmond-based Kinsale Insurance has sold a 291,000-square-foot Class A office building on Staples Mill Road in western Henrico County for $66 million. The office, located at 2103 Staples Mill Road,
Two NoVa companies receive $1.5B DOD tech contract
SPA, ANSER to work on contract through Sept. 2028
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Two Northern Virginia-based federal contractors have received a five-year contract valued up to $1.5 billion to provide analytic and technical support services to the Department of Defense’s administrative and management organization.
Arlington drone company closes deal on AI robotics co.
AeroVironment bought Tomahawk Robotics in $120M deal
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Arlington County-based AeroVironment, a defense contractor that manufactures unmanned aircraft, has completed its $120 million acquisition of Melbourne, Florida-based Tomahawk Robotics, the company announced Sept. 18. Tomahawk develops AI-enabled robotic
Kaine, Warner announce $100M for rail bridge in NoVa
Federal funds go toward Franconia-Springfield Bypass
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U.S. Sens. Mark R. Warner and Tim Kaine announced $100 million in federal funds Thursday for the Virginia Passenger Rail Authority to build a rail bridge to ease congestion along a
Henrico shopping center sells for $18.4M
Merchant's Walk anchored by Food Lion, Joann Fabrics and Crafts
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Merchant’s Walk Shopping Center in Henrico County has sold for $18.4 million. Qi Lin, a local investor who in 2022 purchased the Southpark shopping center in Chesterfield County for $5.4
Hotel revenue still up, but shows signs of softening
Boost expected when per diem rates increase Oct. 1
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Virginia’s hotel industry revenues remain above pre-pandemic levels but are beginning to show a softening. That’s according to a report from Old Dominion University’s Dragas Center for Economic Analysis and
Lyon Shipyard to expand, adding 134 jobs
Ship repair facility in Norfolk spending $8.5M
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Lyon Shipyard, a 95-year-old family-owned ship repair facility in Norfolk, will spend $8.5 million to expand its operations and add an estimated 134 jobs, Gov. Glenn Youngkin announced Wednesday. The
Dominion pitches state on $70M battery storage pilot
Cites need for alternatives to in-demand lithium-ion options
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Dominion Energy Virginia is asking the state to allow it to test two technologies that it says could lengthen the time its batteries can electrify the grid from an average
Va. trade office opens in Taiwan
Virginia-Taiwan Trade Office announced in April
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Virginia has opened its trade office in Taiwan. Announced in April, the office is Virginia’s fourth international trade office and follows Youngkin’s meeting with Taiwan’s president, Tsai Ing-wen, during the