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Recent Articles from Sydney Lake
Richmond pharma company makes leadership appointments
Richmond-based pharmaceutical company Kaléo announced Tuesday five executive leadership appointments and promotions. Joining Kaléo from Boston Scientific, where he served as the senior vice president of corporate compliance and privacy officer, Kevin Espinoza has been hired as chief compliance officer. He will oversee Kaléo’s operations. He has also previously worked with Forest Laborator[...]
$1B Inova medical campus to anchor redevelopment of Alexandria’s Landmark Mall
The city of Alexandria announced Tuesday that Inova Health System will build a $1 billion medical campus at the 51-acre site of the former Landmark Mall — anchoring a new 4 million-square-foot mixed-use development in the city’s West End that will also include residential, commercial, retail and entertainment. The medical campus, which will employ more […]
Boy Scouts’ Heart of Va. Council purchases $2.8M Henrico HQ
The Boy Scouts of America’s Heart of Virginia Council has purchased a $2.875 million office building in Henrico County as its new Richmond-area headquarters, Colliers International Virginia LLC announced Tuesday. The 26,290-square-foot office building at 8090 Villa Park Drive near the intersection of East Parham and Brook roads will be renovated beginning in January. Nearly […]
Northrop Grumman wins potential $250M Navy contract
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced Tuesday it has been awarded a potential $250 million contract to produce additional target vehicles for the U.S. Navy. Under the contract, Northrop Grumman will produce 19 GQM-163A Coyote supersonic sea-skimming target (SSST) missiles, which are used to test naval ships’ defenses. Northrop [&hell[...]
Construction begins on $25.5M Danville manufacturing center
The Institute for Advanced Learning and Research (IALR) announced Tuesday it has broken ground on a $25.5 million, 51,250-square-foot manufacturing center on its Danville campus. The Center for Manufacturing Advancement (CMA) will offer space for manufacturing companies establishing or expanding their presence in Southern Virginia. The project is funded by the commonwealth of Virginia and [&hellip[...]
International BBB association names president, CEO
The Arlington-based International Association of Better Business Bureaus (IABBB) announced Monday it has named Christopher “Kip” Morse as president and CEO, effective Jan. 11, 2021. The IABB is the umbrella organization for the local, independent BBBs in the United States, Canada and Mexico. Morse has been president and CEO of the BBB of Central Ohio […]
Parsons Corp. appoints COO, president to board
Centreville-based defense contractor Parsons Corp. announced Monday it has appointed Carey Smith, its president and chief operating officer, to the company’s board of directors. Smith oversees Parsons’ global operations and corporate growth strategy. “Carey has been central to our growth and success since joining Parsons,” Parsons Chairman and CEO Chuck Harrington said in a stateme[...]
The Hilb Group announces 101st acquisition
Marking its 101st acquisition to date, Henrico County-based insurance company The Hilb Group LLC (THC) announced Tuesday it has acquired Williston Park, New York-based insurance agency Hiram Cohen & Son Inc. (HCS), effective Dec. 1. Financial details of the acquisition were not disclosed. A family company founded in 1919, HCS is still operated by founder […]
Virginia Tech announces new foundation CEO
Virginia Tech announced Monday that Elizabeth McClanahan, a former Supreme Court of Virginia justice, has been named CEO of the Virginia Tech Foundation, which manages the university’s endowment. She succeeds John Dooley, who announced his retirement in August. “The foundation is deeply involved in realizing the university’s mission and vision,” Virginia Tech President Tim Sands [&[...]
McLean federal contractor buys Pa.-based software company
McLean-based federal technology contractor NuWave Solutions LLC announced Tuesday it has acquired Allentown, Pennsylvania-based software company ProModel Government Services. Financial terms of the acquisition were not disclosed. This marks NuWave’s second acquisition since it was acquired by Boca Raton, Florida-based private equity firm AE Industrial Partners LP in June. Earlier in December[...]
