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Recent Articles from Sydney Lake
Christiansburg shopping center sells for $3.25M
A shopping center in Christiansburg has sold for $3.25 million, Cushman & Wakefield | Thalhimer announced last week. Located at 290 Peppers Ferry Road, the 9,525-square-foot retail center sold to Collegiate Investment 290 LLC as an investment. Pepper’s Ferry Plaza was owned by Family Peppers Ferry LLC and its tenants include Subway, Mattress Warehouse and […]
Tech Innovation Campus announces advisory board
Amid its inaugural virtual semester, the Virginia Tech Innovation Campus in Alexandria is already kickstarting its future tech talent production through the creation of an advisory board, for which top Virginia executives will provide guidance to the campus on business partnerships and projects. Top executives from Qualcomm, Boeing, KPMG, Northrop Grumman, The Carlyle Group and […]
U.S. employment rate slowly inches up in September
A survey released Friday by Virginia Commonwealth University and Arizona State University economists indicates that the U.S. employment rate slightly increased during the week ending Sept. 12 to 64.5%, a 2.1% increase from two weeks prior. Although an improvement, the employment rate currently remains well below its February level of 73.8%, according to the Real-Time […]
Hampton Roads to deploy first electric buses in Va.
Gov. Ralph Northam on Friday signed legislation that will bring zero-emission electric buses to Virginia as part of an initiative to change public transportation in Hampton Roads. Legislation sponsored by state Sen. Louise Lucas and Del. Alex Askew creates the first-ever dedicated Hampton Roads Regional Transit Program and Fund, which will be managed by the […]
Leidos lands $89M Air Force task order
The U.S. Air Force awarded Reston-based Fortune 500 federal contractor Leidos Holdings Inc. a five-year, $89 million task order to support energetics research and development for the Office of the Secretary of Defense (OUSD) and the Combat Capability Development Command, Armament Center (CCDC-AC), the company announced Friday. Under the task order awarded by the U.S. […]
VDH reports first child COVID-19 death in Va.
The Virginia Department of Health on Friday announced the first COVID-19 death of a child under the age of 19 in the commonwealth. The adolescent was a resident in the Southside Health District, which covers Brunswick, Halifax and Mecklenburg counties, but VDH said it would not disclose further information about the teenager due to privacy […]
Va. recovers 68K jobs in August
In August, Virginia employers recovered a total of 68,000 jobs (a 1.8% increase from July), but the commonwealth is still 212,600 jobs shy of where it was last year, according to employment statistics released Friday by the U.S. Department of Labor Statistics. “Despite the sizable increase in August, total employment remains way below the pre-pandemic […]
Northam casts ballot on first day of early voting
Gov. Ralph Northam on Friday voted early in person at the Richmond general registrar’s office on the first day of Virginia’s 45-day early voting period. Amid the pandemic, Virginians, through a new law, are permitted to vote absentee by mail or in person at their local registrar’s office or satellite locations. Under legislation signed by […]
Metro considering $200M in spending cuts
The Metro Board of Directors is contemplating $200 million in spending cuts to maintain a balanced budget in the event that federal CARES Act funding runs out, which could lead to service cuts, shorter hours and layoffs. On Friday, the board for the Washington Metropolitan Area Transit Authority (WMATA) voted on potential service cuts, schedule […]
SAIC announces restructuring, longtime executive retirement
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Thursday it would restructure itself along two business lines as Jim Scanlon, a longtime leader with the company and current head of SAIC’s Defense Systems Group, prepares to retire in January. Starting in the fiscal year fourth quarter, SAIC will operate under two lines […]
