Arlington agriculture nonprofit names first president and CEO
Kenny Fahey was The Conservation Fund's working lands principal
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Arlington-based sustainability agriculture nonprofit Leading Harvest announced Friday that it has named Kenny Fahey as its first president and CEO. Fahey, who works remotely from Seattle, has been Leading Harvest’s executive director since its launch 18 months ago. He has enrolled more than 1.3 million acres across 29 states in the organization’s Farmland Management Standard
Petersburg retail centers sell for $10.25M
South Crater Square is 83% leased, Pinehill Plaza 29%
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Two neighborhood retail centers in Petersburg sold for $10.25 million on Oct. 15. The two properties total 192,510 square feet and occupy 24.9 acres. Located at 3330 S. Crater Road, South Crater Square is 82.7% leased and anchored by Rose’s, with Walmart Supercenter as a shadow anchor. Pinehill Plaza, located across the street at 3333
Va. unemployment rate dropped to 3.8% in September
September marks 16th month of declining rate
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In September, Virginia’s unemployment rate fell to 3.8%, 0.2 points below August’s rate, Gov. Ralph Northam announced Friday. The state’s unemployment rate has declined for 16 months straight. In September 2020, the jobless rate was at 6.6%, 2.8 points higher than last month. The labor force decreased by 3,859 to 4.2 million, but the number
Breeden Construction to build $38.9M apartment complex additions
Second phase of Center West Apartments being constructed
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Virginia Beach-based real estate development firm The Breeden Co.’s general contracting company announced Thursday that it has been contracted to develop the $38.9 million second phase of Center West Apartments in Midlothian, not far from the Westfield Commons Shopping Center. Charlottesville-based Castle Development Partners owns the multifamily project, which was referred to as Watkins Centre
Norfolk cruise terminal begins work on $2.6M cruise ship gangway
Gangway will accommodate larger cruise ships
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Nauticus began construction on its $2.6 million cruise ship gangway in Norfolk this week, it announced Wednesday. The new boarding system will accommodate larger cruise ships, like the Carnival Magic, which is set to sail from Norfolk in 2022. Nauticus expects to have more than 180,000 cruise ship passengers in 2022. Swedish company Seawing PBB
Va. new jobless claims drop under 2,000
VEC reported continued claims rose to 58K
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Virginia’s new unemployment claims fell dramatically last week, the Virginia Employment Commission reported Thursday. For the filing week ending Oct. 16, Virginians filed 1,967 initial claims, a decrease of 7,380 claims from the week before. Continued claims totaled 58,421, an increase of 11,954 claims from the previous week. Compared to the same week last year,
Fed says Fifth District economy sees moderate growth
Labor and supply chain shortages limit companies' abilities to meet demand
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The Federal Reserve’s Fifth District (including Virginia, North Carolina, South Carolina, West Virginia and Maryland) saw modest growth in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. The Beige Book is published eight times per year and is based on anecdotal information gathered from the 12 Federal Reserve
Mac Curtis joins Blue Delta Capital Partners as venture fellow
Former Perspecta CEO joined McLean equity firm
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Mac Curtis, the former chairman, president and CEO of Perspecta Inc., has joined McLean-based government services equity firm Blue Delta Capital Partners as a venture fellow. Herndon-based national security contractor Peraton Inc. acquired Chantilly-based federal IT contractor Perspecta in May for $7.1 billion. Curtis took Perspecta public in 2018 by merging his company, Vencore Inc.,
Va. hotel revenues remain below 2019 levels
September revenues decreased 21% from 2019
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Virginia hotel revenues for September decreased by 21% compared with pre-pandemic levels in September 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel rooms
Guidehouse acquires McLean tech company
Tysons consulting firm closed acquisition of Dovel
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Tysons-based consulting company Guidehouse completed its acquisition of McLean-based Dovel Technologies Inc., the company announced Monday. Financial terms of the transaction, which was announced in September, were not disclosed. “With the Dovel acquisition now complete, we are thrilled to join forces and welcome our new colleagues to Guidehouse as we combine our technology-first business models