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Recent Articles from Sydney Lake
Air Force awards McLean company $40M contract
The U.S. Air Force awarded McLean-based defense contractor Alion Science and Technology Corp. a $40 million contract to provide information technology and cybersecurity services, the Department of Defense announced Wednesday. Under the contract, Alion will provide services including enterprise protection risk management to mitigate the compromise, loss, unauthorized access/disclosure, destruction,[...]
Tysons tech company lands $65M Ginnie Mae task order
The Government National Mortgage Association (Ginnie Mae) awarded Tysons-based tech company MicroTech a $65 million task order to provide information technology and software consolidation services and support, the company announced Thursday. Under the task order, MicroTech will perform services to support Ginnie Mae’s mortgage-backed securities platform, including reviewing requirements for ne[...]
NoVa home sales increase during August
Northern Virginia home sales increased during the month of August, according to a report released Wednesday from Chantilly-based Long & Foster, the largest privately owned real estate company in the nation. Alexandria saw the largest increase, at 32%, followed by Arlington and Loudoun counties, which both increased by 15%. Although inventory fell throughout most of […]
Norfolk inn sells for $1.65M
The Americas Best Value Inn Norfolk has sold for $1.65 million, commercial real estate brokerage firm Marcus & Millichap announced Friday. Built in 1959, the 62-room property sits on a one-acre lot at 1850 E. Little Creek Rd. in Norfolk. Maharishi Dayanand Investment Inc. sold the property to Parmeshwari LLC through a 1031 exchange, which […]
Gov. Northam, first lady test positive for COVID-19
Virginia Gov. Ralph Northam and first lady of Virginia Pamela Northam have tested positive for COVID-19, according to an announcement Friday from the Governor’s Office. On Wednesday evening, the Northams were notified that a member of the governor’s official residence staff, who works closely within the couple’s living quarters, had developed symptoms and tested positive […]
Va. sees small increase in initial jobless claims last week
Virginia saw a marginal increase in the number of initial jobless claims last week, the Virginia Employment Commission reported Thursday, but continued the trend of lower claims volumes seen in recent months following the peak in April. For the week ending Sept. 19, 10,582 Virginians filed initial claims for unemployment, an increase of 482 from […]
State rent, mortgage relief program expands to aid landlords
Gov. Ralph Northam announced Thursday the expansion of the state’s Rent and Mortgage Relief Program (RMRP) to include financial assistance for landlords. The RMRP was launched in late June with $50 million in federal CARES Act funding to assist households facing eviction or foreclosure due to COVID-19. Landlords can now apply to receive financial assistance […]
Biden, Warner leading in latest Va. poll
Democratic presidential challenger and former Vice President Joe Biden leads incumbent President Donald Trump by 5 points in Virginia, according to a poll released Thursday by the Wason Center for Public Policy at Christopher Newport University. U.S. Sen. Mark Warner, the Democratic incumbent, is also ahead of Republican opponent Daniel Gade by 13 points among […]
Warner, Gade face off in debates as Election Day draws near
With a little more than a month to go until the Nov. 3 general election, it is now officially political debate season, with the first debate between incumbent U.S. Sen. Mark Warner and Republican opponent Daniel Gade scheduled for the evening of Wednesday, Sept. 23. Virginians will vote in the presidential election this year as […]
Va. hotel revenues continue to slip
Virginia hotel revenues continued to worsen last week after a small improvement during the Labor Day weekend, 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 Sept. 13 through Sept. 19, hotel revenues in Virginia decreased by 52% and rooms […]
