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Recent Articles from Sydney Lake
Elkton shopping center sells for $5M
A shopping center in Elkton has sold for $5 million, Colliers International’s Virginia Retail Investment Team announced Thursday. The 90,943-square-foot Elkton Plaza was sold by an affiliate of Kodiak Properties LLC to Elkton Plaza LLC. The shopping center — 82% leased at the time of the sale — is anchored by Food Lion and Walgreens […]
Commonwealth Center for Advanced Manufacturing names president, CEO
The Commonwealth Center for Advanced Manufacturing (CCAM) research institute in Prince George County has appointed John Milton-Benoit as its president and CEO, effective Aug. 20, the organization announced Friday. Milton-Benoit succeeds William T. Powers, who will retire in August. Powers has served on the board of the organization since its 2011 inception and was appointed […]
NoVa home prices soar in June
Median home sales prices increased in Northern Virginia during June, according to the Long & Foster Real Estate Market Minute Report released Tuesday. Loudoun County home prices rose 2%, while prices rose 17% in both Arlington County and the city of Alexandria. Inventory levels have dropped, however, causing the number of homes sold to decline, […]
Chesterfield pharma company enters $600M federal plea deal
Less than one month after former Indivior PLC CEO Shaun Thaxter pleaded guilty in federal court in Abingdon to a misdemeanor criminal charge related to the marketing of the Chesterfield County-based company’s opioid addiction treatment drug Suboxone, the company announced Friday it has entered a $600 million plea deal with the U.S. Justice Department, the […]
Autodesk buys Herndon software startup
San Rafael, California-based Fortune 1000 design and construction software company Autodesk Inc. announced Thursday it is acquiring Herndon-based construction project management software developer Pype. A transaction amount was not disclosed. This marks Autodesk’s ninth investment in a construction technology startup company, however. Since 2017, Autodesk has acquired Assemble, BuildingC[...]
Navy awards $87M contract to Herndon company
The U.S. Navy awarded an $87 million contract to Herndon-based defense contractor ManTech International Corp. to provide information technology research, development and engineering for the Naval Sea Systems Command, the company announced Thursday. ManTech was awarded the contract through the U.S. Department of Defense Information Analysis Center’s Multiple Award Contract, which are awarded [...]
Virginia Tech — Montgomery Executive Airport names director
The board of directors for the Virginia Tech — Montgomery Executive Airport (VTMEA) announced Thursday that Keith Holt has been named as airport director, effective July 27. VTMEA is a regional authority that includes Virginia Tech, Montgomery County and the towns of Blacksburg and Christiansburg. Holt has been hired to replace Airport Director Michael St. […]
GSA awards Fredericksburg company $66M contract
The U.S. General Services Administration (GSA) awarded a $66 million contract to Fredericksburg-based information technology company IST Research LLC to perform large-scale data collection. The funding comes from the GSA’s Phase III SBIR (Small Business Innovative Research) contract and will run through June 2025. IST Research will support information collection operations for the federal go[...]
Va. unemployment trust fund facing $750M deficit
With jobless claims at a record high, the state trust fund that pays for jobless benefits is expected to rack up a $750 million deficit by the end of the year, according to the Virginia Employment Commission. And Virginia employers already hurting from the pandemic’s economic fallout could face tax increases to replenish the state’s […]
Redskins to be called ‘Washington Football Team’ this season
The Ashburn-based National Football League team formerly known as the Washington Redskins will call itself the Washington Football Team this upcoming season until it formally adopts a new permanent name, the team announced Thursday. “The decision to use ‘Washington Football Team’ for this season allows the franchise the ability to undertake an in-depth branding process […]
