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Recent Articles from Sydney Lake
Va. hotel revenues likely to remain low through holidays
With the holiday season looming, Virginia hotel revenues continue to decline when compared to last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Nov. 1 through Nov. 7, hotel revenues in Virginia decreased by 53% and rooms sold […]
CIT names VP, entrepreneurial ecosystems
The Herndon-based Center for Innovative Technology (CIT) announced Wednesday that it has hired Sean Mallon as vice president for its Entrepreneurial Ecosystems Division. One of the CIT’s four newly created divisions, the Entrepreneurial Ecosystems Division serves as the operating arm for the Virginia Innovation Partnership Authority (VIPA). The division is designed to develop and strengthe[...]
S.L. Nusbaum exec named president of SIOR Va. Chapter
Norfolk-based S.L. Nusbaum Realty Co. announced Wednesday that Austin Newman, vice president and director of office brokerage, has been named president of the Virginia chapter of the Society of Industrial and Office Realtors (SIOR). With more than 3,400 members in 686 cities and 38 countries, SIOR is a global professional office and industrial real estate […]
Active Hampton Roads home listings dropped nearly 40% in October
Compared to last year, active Hampton Roads home listings were down nearly 40% in October, Real Estate Information Network Inc. (REIN) reported Tuesday. Only 4,887 homes were on the market, compared to 8,089 last year marking the sixth consecutive month that inventory has fallen more than 32% year-over-year, according to REIN. “Extremely low inventory has […]
Newport News company lands $146M Navy contract
The Naval Air Systems Command awarded Newport News-based government contractor Aery Aviation LLC a five-year, $146 million contract to design, engineer and test aircraft, the company announced Wednesday. Under the U.S. Navy contract, Aery Aviation will acquire and modify 13 aircraft, including three models of Learjet and Gulfstream IV aircraft, through design, engineering, modification and [&helli[...]
Manchester apartment complex sells for $11.4M
An apartment complex in Richmond’s Manchester neighborhood sold for $11.4 million, CBRE announced Tuesday. The 70-unit, 61,614-square-foot apartment complex is located at 815 Perry St. Glen Allen-based real estate investment group Capital Square 1031, which originally purchased the property in 2015, sold it to Washington, D.C.-based Fulton Street Partners LLC. The property was 96% occupied[...]
Chesterfield County industrial building sells for $1.144M
An industrial building in Chesterfield County’s Midlothian area sold for $1.144 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 12724 Oak Lake Court, the 13,000-square-foot building sits on 1 acre. GMWTG Chesterfield LLC purchased the building from JBW Warehouses LLC for storage use. The property was most recently assessed at $802,300 in January, […]
VHHA announces 2020-21 board of directors
The Virginia Hospital & Healthcare Association (VHHA) on Wednesday announced its elected 2020-2021 board of directors. The new slate of officers includes: Chairman: Steven C. Arner, Carilion Clinic executive vice president and chief operating officer Vice chairman: Peter M. Mulkey, Clinch Valley Health CEO Secretary-treasurer: Tim McManus, HCA Healthcare Capital Division president VHHA is an [[...]
BWXT completes nuclear fuel line project, begins fuel production
A subsidiary of Lynchburg-based nuclear fuel supplier BWX Technologies Inc. (BWXT) announced Tuesday it has completed the TRISO (tristructural isotropic particle fuel) nuclear fuel line restart project for the U.S. Department of Energy (DOE) and is producing the fuel at its Lynchburg facility. In June, DOE’s Idaho National Laboratory awarded BWXT Nuclear Operations Group Inc. […]
Raytheon Intelligence & Space to acquire Colo.-based satellite provider
Arlington-based aerospace and defense contractor Raytheon Intelligence & Space announced Tuesday it has signed a definitive agreement to acquire Lafayette, Colorado-based Blue Canyon Technologies, a provider of small satellites and spacecraft systems components. Financial terms of the deal were not disclosed. Founded in 2008, Blue Canyon Technologies currently has more than 90 satellites in pr[...]
