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Virginia Lottery reports record $3.26B in annual revenue
Nearly 30% increase in profits attributed to online lottery sales
The Virginia Lottery posted an all-time record $3.26 billion in annual sales and a record $765 million in profits for the fiscal year that ended June 30, the lottery’s board
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Northam appoints members to newly created cannabis boards
Boards will regulate cannabis market and manage equity fund
Published
Virginia Gov. Ralph Northam has appointed members to three newly created oversight boards for the legalization of recreational marijuana, his office announced today. On July 1, Virginia’s adult-use cannabis legislation
Workforce development center opening in downtown Portsmouth
Open house on Friday afternoon
Published
Portsmouth Economic Development is opening a brick-and-mortar resource Friday, aiming to create a public and accessible hub for skills training, career fairs, job applications and Internet access. The 2,000-square-foot office
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Blackfin and GMF buy three apartment complexes for $48M
The Franklin Johnson Group sells 452 units
Published
On Monday, Arlington-based Blackfin Real Estate Investors LLC and New York-based GMF Capital LLC announced they had purchased three Low Income Housing Tax Credit (LIHTC) communities from Virginia Beach’s The
Portsmouth apartment property sells for $1M
Doud Realty Services has bought the Edison Apartments
Published
Portsmouth property management company Doud Realty Services Inc. has purchased the Edison Apartments in Portsmouth for $1 million as part of a 1031 tax-deferred exchange. The 16-unit multifamily property is
Rush Street Gaming announces general contractor for Portsmouth casino
Va. Beach's S.B. Ballard Construction will work on $300M project in joint venture
Published
Rush Street Gaming, the developer and gaming operator for the upcoming $300 million Rivers Casino Portsmouth, announced Friday it has chosen a joint venture between Virginia Beach-based S.B. Ballard Construction
Va. unemployment claims remain high, but new claims drop
Initial filings fall 25% from last week's spike
Published
Although the number of initial jobless claims filed last week dropped relative to the previous week, unemployment numbers remain high, according to figures released by the Virginia Employment Commission on
Va. sees highest number of initial jobless claims since July 2020
More than 28K Virginians filed new claims last week
Published
Last week, more than 28,000 Virginians filed initial unemployment claims — a 44.5% jump from the previous week. This is the greatest number of initial claims reported since July 2020.
14K+ Virginians filed initial jobless claims last week
More than 48K Virginians remain unemployed
Published
The number of initial jobless claims filed last week reached close to its Aug. 8 peak, with more than 14,000 Virginians filing initial unemployment claims, according to Virginia Employment Commission
Va. hotel revenues remain 51% lower than last year
Rising COVID-19 cases continue 'adverse impact' on lodging industry
Published
Virginia hotel revenues continue to decline by more than 50% when compared with last year, according to data released Wednesday from STR Inc., a CoStar Group division that provides weekly