Sign In
Free Newsletter
Metro delays create hassles for businesses, workers
Metrorail delays played a factor in Danielle Romanetti’s decision at the beginning of the year to close fibre space, her Old Town Alexandria yarn and knitting supplies shop, an hour earlier each day. “We now close at [7 p.m.] instead of [8 p.m.], just so staff can get home in time to eat a proper […]
April 2022 top five
The top trending major business stories on VirginiaBusiness.com from Feb. 15 to March 14 were led by news that Washington Commanders owner Dan Snyder bought Virginia’s most costly home, once part of George Washington’s Mount Vernon. 1 | Dan Snyder owns Virginia’s most expensive house The owner of the Ashburn-based Washington Commanders bought the $48 […]
Amazon, Va. Tech partner on machine learning initiative
Virginia Tech announced Thursday morning that it is partnering with Amazon.com Inc. on an artificial intelligence and machine learning research initiative that will have a presence at both Tech’s Blacksburg campus and its emerging Innovation Campus in Alexandria. Dubbed the Amazon-Virginia Tech Initiative for Efficient and Robust Machine Learning, the program will include doctoral student [&[...]
Signs of promise
A second year of COVID came and went, but 2021 proved more fruitful and less uncertain for businesses in Northern Virginia, where vaccination rates were the highest in the commonwealth. Work on Amazon.com Inc.’s $2.5 billion-plus HQ2 East Coast headquarters in Arlington County is forging ahead, and economic development officials say they continue to see […]
Dan Snyder owns Va.’s most expensive house
Virginia’s most expensive mansion now belongs to one of the most famous men in the commonwealth. River View, once part of George Washington’s Mount Vernon, in Alexandria, was sold on Oct. 29, 2021, for $48 million, according to TTR Sotheby’s International Realty. The agency brokered the sale of the 7-bedroom home with six full bathrooms […]
$40.8M apartment building in Alexandria sells
A 227-unit apartment building in Alexandria assessed at $40.8 million sold for an undisclosed sum, JLL Capital Markets announced Tuesday. JLL Capital Markets arranged a three-year $34.34 million loan for commercial real estate company Washington Property Co., which brought the property from 100 South Reynolds LLC. The loan was secured through MetLife Investment Management. Located […]
Virginia Beach, Manassas apartment complexes sell for $77.6M
An apartment complex in Virginia Beach sold for $52.1 million, and an apartment building in Manassas for $25.5 million, Alexandria-based real estate company Bonaventure announced Monday. Sitting on 19.83 acres, Magnolia Run is a 200-unit, 421,272-square-foot apartment complex in Virginia Beach with two- and three-bedroom units, a pool, 24-hour fitness center, playground and clubhouse. Bonaventure [...]
Va. Tech Innovation Campus exec joins Society for Science board
Virginia Tech Innovation Campus Vice President and Executive Director Lance Collins was appointed to the Society for Science Board of Trustees, the university announced Tuesday. A nonprofit organization that promotes science, expanding scientific literacy and effective STEM education and scientific research, the Society for Science is a promotes the understanding and appreciation of science and [&[...]
The Motley Fool hires chief diversity and inclusion officer
Alexandria-based financial services company The Motley Fool Holdings Inc. has hired its first chief diversity and inclusion officer, the company announced Wednesday. Rachel Williams joined the company on Nov. 12. She will work on recruiting, leadership development, employee engagement and retention. Her focus will also include advising The Motley Fool’s product and marketing teams. Williams [...]
Northrop Grumman commits $12.5M to Va. Tech Innovation Campus
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has pledged $12.5 million to support research and teaching in quantum information science and engineering, becoming a partner of the Virginia Tech Innovation Campus in Alexandria. Virginia Tech officials announced the donation Wednesday morning. The $1 billion Virginia Tech Innovation Campus plans to invest [&he[...]
Inova to expand post-acute care at Mount Vernon hospital
Inova Health System is adding a Critical Illness Recovery Hospital (CIRH), also known as a long-term acute care facility, at Inova Mount Vernon Hospital in Alexandria. The service is for patients who require an extended stay with specialized clinical attention and support but no longer need the intensive care provided in an acute care hospital. […]
Alexandria warehouse sells for $9M
Washington, D.C.-based Lee & Associates has brokered the $9 million sale of a 28,000-square-foot warehouse at 619 S. Pickett St. in Alexandria to Terreno Realty Corp. The 1.27-acre site is adjacent to the Van Dorn Street Metro station. Josh Simon, president of Lee & Associates | Washington, D.C., represented the seller, DVPP LLC. The building […]
