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Home>Sydney Lake

Sydney Lake

Recent Articles from Sydney Lake

News January 12, 2021

Booz Allen’s TEAMS business unit acquired by Chantilly company

Chantilly-based System High Corp. announced Monday it has acquired McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc.’s technical, engineering, advisory and management support (TEAMS) business unit. Financial terms of the acquisition were not disclosed, but the Booz Allen business unit includes 110 employees and serves the Missile Defense Agency (MDA). “[...]

Robert Smith. Photo courtesy BWXT
People January 11, 2021

BWXT names president, government operations

Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) announced Monday that it has hired Robert F. “Rob” Smith as president of government operations, a newly created position. Smith most recently served as vice president and general manager for Lockheed Martin’s radar and sensors systems market segment. In his new role, he will oversee BWXT’s U.S.-based […]

Brandon Reeves. Photo courtesy VCA
People January 8, 2021

Virginia Cattlemen’s Association names executive director

The Virginia Cattlemen’s Association (VCA) announced Dec. 29, 2020 that Brandon Reeves has been named as its executive director. Organized in 1944 and chartered in 1953, the VCA promotes Virginia’s cattle industry. Reeves is a Virginia native who grew up on his family’s beef operation in the Shenandoah Valley. Reeves earned his bachelor’s degree in […]

1601 Roseneath Rd. rendering courtesy Capital Square
News January 8, 2021

350-unit apartment complex coming to Richmond’s Scott’s Addition

A 350-unit mixed-use apartment building is coming to Richmond’s Scott’s Addition neighborhood by late 2022 or early 2023, Glen Allen-based real estate investment company Capital Square and Charleston, South Carolina-based real estate developer Greystar announced Thursday. Capital Square and Greystar purchased 2.28 acres of land in Scott’s Addition for $8.6 million that will be us[...]

3501 E Princess Anne Road. Photo courtesy Cushman & Wakefield | Thalhimer
News January 8, 2021

Industrial building in Norfolk sells for $5M

An industrial building in Norfolk sold for $5 million, Cushman & Wakefield | Thalhimer announced Thursday.  The 86,732-square-foot building located at 3501 E. Princess Anne Road sits on 2.8 acres in Norfolk Industrial Park. The building is 33% leased to organic spices, herbs and botanicals manufacturer American Botanicals.  CPORF LLC purchased the building from Norfolk […]

Matt Jordan
People January 8, 2021

Woodbridge IT firm names VP, cloud center of excellence

Woodbridge-based information technology company Sev1Tech LLC announced Thursday it has hired Matt Jordan as vice president, cloud center of excellence. With a decade of experience in cloud-based services, Jordan most recently served as vice president of corporate strategy and development at JHC Technology. In his new role, he will focus on company growth and strategic […]

1011 Care Way. Photo courtesy Cushman & Wakefield | Thalhimer
Real Estate January 8, 2021

Fredericksburg medical office building sells for $2.6M

A medical office building in Fredericksburg sold for $2.6 million, Cushman & Wakefield | Thalhimer announced Wednesday. Nashville-based real estate private equity firm Excelsior Capital Group LLC purchased the 13,786-square-foot property from DJK Properties as an investment. Located at 1011 Care Way, the building sits on the Mary Washington Hospital Campus.  Two Mary Washington Hospital [&hel[...]

Aspen Dental building. Photo courtesy Cushman & Wakefield | Thalhimer
News January 8, 2021

Dental office building in Suffolk sells for nearly $2.43M

A dental office building in Suffolk sold for nearly $2.43 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced Wednesday. California-based investor Aspen Suffolk LLC purchased the 3,500-square-foot Aspen Dental property located at 1930 North Main Street from LWS Suffolk Station LLC, an affiliate of Atlanta-based Salomon Real Estate Group, as an investment. The […]

People January 8, 2021

Mitre names new fellow

McLean-based The Mitre Corp. announced Thursday it has appointed Gerald Gilbert as a Mitre fellow focused on expanding the not-for-profit organization’s quantum science initiatives. Mitre fellows are a select group of scientists who lead programs at the organization, serving as subject matter experts and advisers to mission-critical programs, officers and the board of trustees. Gilbert [&hel[...]

News January 7, 2021

Fairfax tech company acquires Herndon intelligence services firm

Fairfax-based federal technology company Axiologic Solutions LLC announced Thursday it has acquired Herndon-based intelligence services firm Knowledge Link. It is Axiologic’s first acquisition. Financial terms of the transaction were not disclosed, but the acquisition will nearly double the size of Axiologic, according to a company statement. “Through the combination of Axiologic and Knowl[...]

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Top Stories

A photo of a Leidos sign and a glass covered building.

DHS says it is canceling $2.4B Leidos contract

According to a court filing last week, the U.S. Department of Homeland Security has terminated a $2.[...]

A sailor stands abord a submarine in the ocean.

Leesburg firm lays off 155 after Navy cancels $170M contract

Leesburg-based data company Pantheon Data this week laid off 155 workers — including 33 Virginia e[...]

Gov. Glenn Youngkin and state and Amazon officials ceremonially break ground for the Amazon.com fulfillment center in Goochland County on May 14, 2025. Photo courtesy Amazon

Amazon fulfillment center in Goochland to create 1,000+ jobs

Gov. Glenn Youngkin participated Wednesday in a ceremonial groundbreaking for Amazon.com's 3.1 milli[...]

Eric Scorsone is the executive director of the Weldon Cooper Center for Public Service at the University of Virginia. Photo courtesy U.Va.

Virginia could lose 32,000 jobs in 2025, U.Va. estimates

Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new [...]

FILE - A Microsoft sign and logo are pictured at the company's headquarters, Friday, April 4, 2025, in Redmond, Wash. (AP Photo/Jason Redmond, File)

Microsoft to lay off about 3% of its workforce

Microsoft cuts nearly 6,000 jobs—about 3% of its workforce—in its largest layoff since 2023, imp[...]

US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks

The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and [...]

People

Stephanie Schnittger will become UVA Health's chief financial officer, starting July 7. Photo Courtesy UVA Health

UVA Health taps new CFO

15/5/2025

Sarah Muse and Carter Whitelow have joined the Virginia Chamber of Commerce. Photo Courtesy Virginia Chamber of Commerce

Virginia Chamber adds two execs to its team

14/5/2025

Lynchburg-based BWX Technologies has named Chief Accounting Officer Mike T. Fitzgerald as the interim CFO. Photo courtesy BWX Technologies

BWXT CFO steps down

12/5/2025

Regions

A construction worker made of Lego bricks. Photo by Kira Jenkins/Virginia Business

Lego to build $366M Prince George County warehouse

Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 [...]

Companies sue over Valley medical marijuana permit

Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valle[...]

Heard Around Virginia May 2025

A roundup of monthly business news from regions across Virginia including Central Virginia, Northern[...]

New law to reduce Appalachian Power rates

Virginia passes the APCo Rate Reduction Act, cutting electric bills for Appalachian Power customers [...]


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