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Recent Articles from Sydney Lake
Va. saw 10.8% increase in home sales in 2020
Virginia saw a 10.8% increase in the number of homes sold during 2020 compared with the year before, according to a report released by Virginia Realtors. It marks the fastest growth in annual sales seen in Virginia in more than five years. During 2020, 139,908 homes sold in Virginia, compared with 126,305 homes sold in […]
Northrop Grumman lands potential $3.6B Air Force contract
The U.S. Air Force awarded Falls Church-based Northrop Grumman Corp. a potential five-year $3.6 billion contract for work on the branch’s airborne communications relay system, the Department of Defense announced Thursday. Under the contract, Northrop Grumman will perform research, development, testing, evaluation, integration, operations and sustainment services for the branch’s Battlefield Ai[...]
Former PBMares CEO named 2021 Chamber board chair
The Virginia Chamber of Commerce on Friday elected Alan Witt, former CEO of Newport News-based accounting and consulting firm PBMares LLP, to serve as its 2021 chair of the board of directors. He succeeds 2020 Chair Paige Clay, a senior partner with Mercer. Witt has been a Virginia Chamber of Commerce board member since 2016 […]
Norfolk communications equipment manufacturer to create 68 jobs
A $6.5 million expansion by Norfolk-based Tabet Manufacturing Co. will create 68 jobs in the region, Gov. Ralph Northam announced Friday. The communications equipment manufacturer will expand its operations by constructing a new manufacturing facility next to its current location at 1336 Ballentine Blvd. Tabet was founded more than 60 years ago and developed the […]
At 10-year mark, CarLotz goes public
Nearing its 10-year anniversary, CarLotz, a used-cars consignment company founded in Chesterfield County, went public on Friday. In October 2020, CarLotz first announced it would merge with special purpose acquisition company Miami-based Acamar Partners Acquisition Corp. — a deal that was approved by stockholders Jan. 8 and closed Friday. The company, which is valued at […]
Shareholders approve Blue Ridge, Bay Banks merger
Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced Thursday its shareholders approved the proposed merger with Richmond-based Bay Banks of Virginia Inc., the parent holding company of Virginia Commonwealth Bank. The transaction would create a bank with a pro forma total market capitalization of nearly $200 million, according to […]
Sentara hires supply chain exec
Norfolk-based Sentara Healthcare announced Thursday it has hired Jennifer McPherren as its vice president of supply chain, effective March 15. She succeeds Doug Farley who retired in May 2020. McPherren serves as the vice president of supply chain management and procurement services with Northwestern Memorial Healthcare in Chicago. In her new role, she will focus […]
Fairfax tech company names growth VP
Fairfax-based tech company Pyramid Systems announced Wednesday it has hired Art Boghozian as its vice president of growth. Boghozian most recently served as the director of business development for strategic accounts for Reston-based Fortune 500 defense contractor Science Applications International Corp.’s (SAIC) National Security Group. In his new role, he will focus on the company’s [&hellip[...]
Va. unemployment claims remain high, but new claims drop
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 Thursday. During the week ending Jan. 16, 21,073 Virginians filed initial claims, a 25.3% decline from the previous week, which saw 28,227 people file new […]
CACI International executive chairman dies at 83
Arlington-based federal technology contractor CACI International Inc. announced Wednesday the death of J. Philip “Jack” London, the company’s executive chairman, at age 83. He served as chairman, president and CEO of the company from 1984 to 2007 and as executive chairman since 2007. “All of us at CACI are deeply saddened by Dr. London’s passing,” […]
