In a tragic turn of events, a house in Virginia exploded on the evening of February 16, leading to the death of one firefighter and injuries to 13 individuals, including 11 fire crew members and two civilians. The incident occurred in Loudoun County, where Fire and Rescue personnel were caught in the blast while still […]
In a significant move to expand its financial planning services, Hub International Limited (Hub), a renowned global insurance brokerage and financial services firm, has recently acquired the assets of Bob Gottschling’s book of business. While the exact terms of the transaction remain undisclosed, this acquisition marks a notable development in the company’s strategy. Based in […]
Kalahari Resorts and Conventions, celebrated for being the home of America’s Largest Indoor Waterparks, initiated construction of its fifth resort in Spotsylvania County, Virginia, on October 20, 2023. This 1.38 million-square-foot tourism marvel, with an estimated investment exceeding $900 million, is scheduled to start welcoming guests in 2026. Virginia’s Boost in Travel and Tourism With […]
In a move aimed at accelerating the decarbonization of the U.S. power grid, BWX Technologies, Inc. (NYSE: BWXT) has secured a contract to process thousands of kilograms of government-owned enriched uranium scrap material. The material, currently unusable, will be converted into over two metric tons of High Assay Low Enriched Uranium (HALEU), a valuable feedstock […]
Burke & Herbert Financial Services Corp. (“Burke & Herbert”) (Nasdaq: BHRB) and Summit Financial Group, Inc. (“Summit”) (Nasdaq: SMMF) have made headlines by announcing a definitive all-stock merger agreement. The merger, which values the deal at approximately $371.5 million or $25.20 per share of Summit Financial Group common stock, is set to create a bank […]
Kimco Realty (NYSE: KIM), the largest publicly traded owner and operator of open-air, grocery-anchored shopping centers in North America, has announced its acquisition of Stonebridge at Potomac Town Center. Located in Woodbridge, Virginia, the 96%-occupied, 504,000-square-foot lifestyle center was purchased for $172.5 million, marking a significant expansion of Kimco’s growing portfolio. Stonebridge at Potomac: A […]
A harrowing Tesla crash in Virginia has triggered alarm bells once more, with U.S. auto safety regulators swooping in to decipher the chaos. Was Tesla’s much-debated Autopilot system the culprit this time? This bone-chilling incident in July marks the 35th Tesla crash under the probing eyes of the National Highway Traffic Safety Administration (NHTSA) since […]
Granules Pharmaceuticals, Inc. (GPI), a wholly owned foreign subsidiary of Granules India Limited, situated in Chantilly, Virginia, USA, has successfully concluded the United States Food and Drug Administration (USFDA) Post-marketing Adverse Drug Experience (PADE) Inspection. The inspection occurred at GPI from July 31 to August 3, 2023, with zero observations recorded. Detailed Look at the […]
The NRP Group, a top-tier developer, builder, and manager of multifamily housing, in collaboration with esteemed real estate investor Angelo Gordon, announced the commencement of Lake Pointe. Located in Woodbridge, Virginia, this market-rate apartment community is expected to bring a new living experience to the area. The 15-acre project site will metamorphose into five four- […]
Huntington Ingalls Industries (HII), a military shipbuilder based in Virginia, has announced that its Newport News Shipbuilding (NNS) division has received contract modifications worth $393.3 million from the US Navy. These modifications aim to change the delivery strategy for the aircraft carrier John F. Kennedy (CVN 79). The contract revisions will involve shifting the completion […]