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Recent Articles from Sydney Lake
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[...]
Booz Allen CFO elected to Moody’s board
Financial services company Moody’s Corp. announced Friday that Lloyd W. Howell Jr., executive vice president, chief financial officer and treasurer of McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc., has been elected to Moody’s board, effective March 15, 2021. Howell will join the board’s audit, compensation and human resources and governa[...]
Reston civil engineering firm to buy Herndon company
Reston-based civil engineering company Bowman Consulting Group Ltd. announced Friday it will acquire Herndon-based engineering firm KTA Group Inc. Financial terms of the acquisition were not disclosed. Founded in 1989, KTA provides engineering, mechanical, electrical and plumbing services, which will broaden Bowman’s civil engineering offerings, according to a company statement. “The addit[...]
Pandemic brings end to decade of job gains
The public health crisis brought an unanticipated end to 11 straight quarters of economic growth and nearly a decade of job gains in Virginia, according to Old Dominion University’s 2020 State of the Commonwealth Report, released on Dec. 20 by ODU’s Dragas Center for Economic Analysis and Policy. “The COVID-19 pandemic has dramatically affected how […]
Hampton Roads Realtors Association installs new chairman
Berkshire Hathaway HomeServices Towne Realty announced last week that Tanya Monroe, the managing broker of its Chesapeake sales office, has been installed as Hampton Roads Realtors Association’s (HRRA) chairman for 2021. With 20 years of experience in the real estate industry, Monroe has experience as an agent and as president of the Tidewater Association of […]
Va. unemployment rate fell less than 1% between October and November
Virginia’s seasonally adjusted unemployment rate fell by less than 1% between October and November to 4.9%, according to employment statistics released Friday by the Virginia Employment Commission — but unemployment still remains 2.2% higher than the same time last year. The labor force grew by 0.4% to 4.28 million between October and November, while the […]
Chesapeake shopping center sells for $5.1M
A shopping center in Chesapeake sold for $5.1 million, Colliers International announced earlier this week. The 75,023-square-foot Cahoon Commons Shopping Center is located at 644-648 Grassfield Parkway. The property is currently 25% occupied by tenants including Chesapeake Regional Medical Center, Virginia Alcoholic Beverage Control, State Farm, Long and Foster and Tap It Local restaurant. Grassfi[...]
Accenture Federal Services names managing director, management consulting
Fortune Global 500 company Accenture announced this week it has promoted Kathryn Larson to managing director of the management consulting business of its Arlington-based Accenture Federal Services (AFS) subsidiary. With more than 15 years of experience, Larson was most recently a senior manager with Accenture. She specializes in organization and business process design and strategic […]
Navy awards potential $797.3M contract extension to Perspecta
The U.S. Navy awarded a potential $797.3 million extension to Chantilly-based federal contractor Perspecta Inc. for its Next Generation Enterprise Network (NGEN) contract for network support, net centric data and information technology support services, the U.S. Department of Defense announced Thursday. Under the contract extension, Perspecta will provide information security, testing, voice, vide[...]
