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Recent Articles from Courtney Mabeus-Brown
Low inventory, high interest rates strap Va. housing market
Homebuyers in Virginia are continuing to feel the strain of low inventory and high interest rates. The number of active listings on the market is shrinking, and fewer new listings are coming on the market. Despite a brief uptick in inventory at the beginning the year, about 67% of the state’s counties and cities had […]
Bowman Consulting names new Fairfax branch manager
Reston-based Bowman Consulting Group has promoted Brad Glatfelter to manage its Fairfax County branch, the company announced Wednesday. Glatfelter joined the company as a project manager in 2014. As branch manager, he will oversee day-to-day operations, execute strategic business plans, drive utilization goals and maintain recruitment initiatives. He will also spearhead the diversification of [[...]
AREP, partners acquire Ashburn townhome community
CityHouse Ashburn Station, a 200-unit luxury townhome community in Loudoun County, has sold for $120 million. New York-based Rithm Capital, McLean-based American Real Estate Partners and New Jersey-based GreenBarn Investment Group closed the purchase from Dream Finders Homes on Monday. AREP and GreenBarn are co-general partners for the project. Rithm is providing equity capital, in […]
Charlottesville-based Virginia Diodes to expand, invest $2.5M
Virginia Diodes Inc. (VDI) will invest $2.5 million to expand its operations in Charlottesville, adding an estimated 24 jobs, Gov. Glenn Youngkin announced Thursday. VDI was founded in Charlottesville in 1996 as a spinoff from the University of Virginia and in 2004 established its headquarters at the city’s Ix Art Park complex. The company manufactures […]
Parsons acquires Md. federal contractor for $200M
Centreville-based Fortune 1000 defense contractor Parsons has acquired Maryland-based contractor Sealing Technologies in a deal valued at $200 million. Parsons announced the deal Wednesday. The acquisition expands Parsons’ customer bases across the Department of Defense’s intelligence community and enhances its capabilities in defense cyber operations, integrated mission-solutions powe[...]
Dominion, Dulles solar project to power 37,000 Va. homes
A massive solar project that will soon begin to take shape at Washington Dulles International Airport will not only have the ability to power 37,000 Virginia homes, but will also send a message to travelers about the power of clean energy, officials said Tuesday during a ceremonial groundbreaking for the 835-acre Dulles Solar and Storage project. […]
Va. hotel revenues up, rooms sold still lower than 2019
Virginia’s hotel industry is continuing its recovery from the COVID-19 pandemic, but revenue increases are being driven by high room rates, rather than more travelers. That’s according to a report released Friday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. According to the center’s analysis of data from STR Inc., a division […]
Midlothian shopping center under new management
A Midlothian shopping center anchored by a Food Lion is under new management after selling in late July for $19.6 million. Norfolk-based S.L. Nusbaum Realty Co. will handle leasing and management for 15-acre Village Marketplace, located at 13100 Midlothian Turnpike in Chesterfield County. The 131,814-square-foot center’s tenants include Hallmark, H&R Block, Spectrum Paint, Kabuto Japanes[...]
ODU hires director for cybersecurity school
Old Dominion University has named Daniel Takabi to direct its School of Cybersecurity. Takabi joins the school from Georgia State University, where he worked for four years and served as an associate professor of computer science, according to his LinkedIn account. Takabi started in his new role July 25; the university announced his new role […]
HII’s Mission Technologies names new chief growth officer
Huntington Ingalls Industries’ McLean-based Mission Technologies division has hired Ahmed Ayad to serve as chief growth officer. Ayad joins the organization from Herndon-based ManTech, where he served as vice president and growth lead for the defense sector since 2019. In his new role, Ayad will be responsible for shaping and developing Mission Technologies’ growth strategy […]
