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Recent Articles from Sydney Lake
Medical Society of Va. installs new president
The Medical Society of Virginia (MSV), the largest physician organization in the commonwealth installed Dr. Arthur J. Vayer as president during its annual meeting on Oct. 10. Based in Woodbridge, Vayer has more than 20 years of experience as a general surgeon with a focus on colon and rectal surgery. He is affiliated with Sentara […]
The Hilb Group acquires Md.-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it acquired Annapolis, Maryland-based Insurance Solutions (ISI), effective Oct. 1. Transaction details were not disclosed. This marks THG’s 12th acquisition within the past year. Founded in 1989, ISI is a full-service employee benefits agency specializing in health, dental, life and disability benefits. As pa[...]
General Dynamics receives $327.8M submarine contract modification
The U.S. Navy last week awarded the Electric Boats subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $327.8 million contract modification to continue development studies, design work and lead yard support for the branch’s Virginia-class submarines, the U.S. Department of Defense announced Oct. 9. Electric Boat originally received a $434.4 million contract [&h[...]
EY names five Virginians as mid-Atlantic entrepreneurs of the year
Virginia businesspeople took home five of the 12 Entrepreneur of the Year Mid-Atlantic Awards announced last week by multinational professional services company Ernst & Young LLP. The Virginia winners for the 2020 Entrepreneur of the Year Mid-Atlantic Award were: 3Pillar Global Inc. | David DeWolf, Fairfax HUNGRY Marketplace | Jeff Grass and Shy Pahlevani, Arlington […]
VCU study: COVID-19 accounted for 67% of March-Aug. U.S. deaths
For every two deaths attributed to COVID-19 in the U.S., a third American dies as a result of the pandemic, according to a study led by Virginia Commonwealth University researchers published in the Journal of the American Medical Association. The study shows that deaths between March 1 and Aug. 1 increased by 20% when compared […]
Herndon defense contractor wins $102M Navy contract
Herndon-based national security contractor Peraton announced Monday it has been awarded a $102 million follow-on contract by the U.S. Navy Strategic Systems Programs (SSP) for work on the branch’s strategic weapons systems. Under the engineering services contract, Peraton’s services will include acquisition, development, deployment and operational support of the reentry body aspects of[...]
Carilion receives nearly $1M USDA telehealth grant
Roanoke-based Carilion Clinic announced Monday it received a nearly $1 million grant from the U.S. Department of Agriculture (USDA) for its Telemedicine Expansion and Optimization Project. The USDA awarded Carilion Clinic a $947,983 grant through its 2020 distance learning and telemedicine grant program. The grant will fund virtual care centers, teleneurology service access and portable […]
Armada Hoffler buys Richmond apartment complex for $25M
Virginia Beach-based Armada Hoffler Properties Inc. announced last week it has completed the $25 million acquisition of the Edison Apartments in Richmond. The 174-unit, 12-story property was originally built in 1919 as the headquarters for the Virginia Electric and Power Co. (now Dominion Energy Inc.) and was renovated and repurposed in 2014 as apartments. The […]
Hampton Roads residential median sales prices rose 10%+ last month
Hampton Roads saw residential median sales prices rise 10.04% during September, Real Estate Information Network Inc. (REIN) reported Monday. This is the largest annual increase in more than six years. September 2020’s median sales price was $275,000, compared to $249,000 during the same period last year. “Housing has been one of the strongest economic performance […]
Divaris names senior VP, office leasing
Virginia Beach-based real estate company Divaris Real Estate Inc. announced last week that it has hired Trib Sutton as senior vice president of office leasing in its Richmond office. Sutton joined Divaris after 21 years with commercial real estate firm CBRE | Richmond, where he handled tenant and landlord representation, investment sales and oversaw 27 […]
