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Recent Articles from Katherine Schulte
Lowe’s warehouse to create 70 jobs in Roanoke County
A new Lowe’s warehouse and distribution center is expected to create 70 jobs in Roanoke County, the $11 million project’s developer announced Monday. Lowe’s Cos. Inc. has hired Roanoke-based Cherney Development, in partnership with North Carolina-based Samet Corp., to build a 60,000-square-foot distribution warehouse and distribution center on an 8.45-acre site in Roanoke County’s [...]
Chesapeake shopping center sells for $6.85M
Woodford Square Shopping Center in Chesapeake has sold for $6.85 million, Harvey Lindsay Commercial Real Estate announced Friday. The 85,323-square-foot shopping center sits on 9.19 acres at 701 N. Battlefield Blvd. Its tenants include Harbor Freight Tools and Dollar General. Woodford Square Associates LP sold the property to Moxie Equities Woodford Square LLC. Ryan King, […]
Herndon telehealth company to be acquired
Herndon-based acute care telemedicine provider SOC Telemed Inc. has entered into a definitive agreement to be acquired and taken private by California-based health care investment firm Patient Square Capital, it announced Thursday. SOC Telemed stockholders will receive $3 in cash per share, which represents a 366.1% premium over SOC Telemed’s closing share price on Wednesday, […]
Virginia Tech breaks ground on $85M Hitt Hall
Virginia Tech leaders and donors broke ground Wednesday on the university’s $85 million, 100,000-square-foot Hitt Hall, which will house the Myers-Lawson School of Construction. The building, which has an expected completion of spring 2024, will feature general assignment classrooms and a 600-seat multivenue dining facility. The Myers-Lawson School is a collaboration between the College of [[...]
SeaWorld makes $3.4B offer for Kings Dominion parent company
A reported $3.4 billion acquisition bid from Orlando-based SeaWorld Entertainment Inc. could result in Virginia’s two major theme parks being under the same ownership. SeaWorld, parent company of Busch Gardens Williamsburg, has made an unsolicited offer to acquire Ohio-based Cedar Fair Entertainment Co., which owns the Kings Dominion theme park in Hanover County’s Doswell area. [&helli[...]
ManTech secures $118M Navy contract
Herndon-based tech contractor ManTech International Corp. has secured a $188 million, five-year contract to support the U.S. Navy’s Naval Surface Warfare Center Crane by providing tech solutions for intelligence, surveillance and reconnaissance by unmanned aircraft systems. “At ManTech, intelligent systems engineering is a core competency where we excel at developing innovation solutions. [...]
DroneUp taps former NFL exec as board chair
Virginia Beach-based DroneUp LLC announced Tuesday that former NFL executive Eric Grubman is the company’s new board chairman. “Eric is incredibly respected across many business sectors for his tremendous vision, insight and passion for technology,” DroneUp CEO and founder Tom Walker said in a statement. “We are truly fortunate to have him as our chairman […]
Washington Football Team has new name: Commanders
The Washington Football Team became the Washington Commanders Wednesday. President Jason Wright announced the new name for the Ashburn-based NFL team on NBC’s “Today” show. “It’s a name that has the weight and meaning befitting a 90-year-old franchise,” Wright said. “It’s something that broadly resonated with our fans, and it’s something that we believe embodies […]
Va. Beach launches small biz loan program
The Virginia Beach Small Business Capital Access Program is offering loans of $15,000 to $25,000 to small businesses, with no payments required for the first six months. The program, which is a collaboration between the Virginia Beach Economic Development Department and the Local Initiatives Support Corp. (LISC) of Hampton Roads, provides $400,000 in zero-interest loans […]
GDIT wins $518M Army contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) won a $518 million task order from the U.S. Army Communications Electronics Command (CECOM), the company announced Monday. Under the Worldwide Field Support task order, the Fortune 500 General Dynamics Corp. subsidiary will provide logistics, sustainment and maintenance services for joint U.S. and coalition forces in the [&hell[...]
