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Axios receives $5M in PPP funding
Arlington-based digital media company Axios Media Inc. announced Wednesday it received nearly $5 million in funding from the Small Business Administration’s (SBA) Paycheck Protection Program (PPP), the $349 federal relief fund that ran out of funding on April 16 after 13 days due to overwhelming demand from small businesses hurt by the COVID-19 crisis. “This […]
Developer to renovate Rosslyn Marriott, construct three residential buildings
The Rosslyn Marriott hotel will be partially demolished and renovated and three residential buildings will be added to the site, according to a release from the Arlington County Board. Financial terms of the plans were not released. The hotel is located at 1401 Lee Highway and currently has 445 rooms. Site developer KBLH LLC will […]
JBG Smith gets green light for 300-foot-tall apartment towers in Crystal City
Bethesda, Maryland-based developer JBG Smith Properties has secured the final permissions from Arlington County for two, 300-foot-tall apartment towers in Crystal City near where the real estate company is developing and leasing space for Amazon.com Inc.’s $2.5 billion HQ2 East Coast headquarters. The mixed-use development at 1900 Crystal Drive will include 811 apartments and 40,000 [&hellip[...]
Amazon HQ2 and Arlington County government will be solar powered
Arlington County and Amazon.com Inc. have entered into agreements with Richmond-based Dominion Energy Inc. to purchase power for local government operations and Amazon’s HQ2 East Coast headquarters from a solar farm more than 200 miles away in Southern Virginia. The Arlington County Board voted Tuesday to approve the agreement with Dominion to procure power from […]
CoreMedia AG appoints chief revenue officer
Content management systems developer CoreMedia AG has promoted Jim Stirewalt to chief revenue officer, the company announced Monday. Stirewalt most recently was CoreMedia’s senior vice president and general manager of the Americas. He has also held leadership roles at software companies including SAP and IBM. Stirewalt will manage CoreMedia’s global revenue-generating functions such as sales, [...]
Advantia Health receives $45M investment
Arlington-based Advantia Health, which facilitates women’s health care services via its online platform, announced Friday that it received a $45 million investment from New York City-based investment management company BlueMountain Capital Management. Advantia connects customers to OB-GYN, primary care, mental wellness and specialist care providers. The company will use the investment to hir[...]
Fairfax County EDA CEO honored for collaborative leadership
Victor Hoskins, president and CEO of the Fairfax County Economic Development Authority, received the Ronald Kirby Award for Collaborative Leadership this week from the Metropolitan Washington Council of Governments, the FCEDA announced Friday. The award recognizes non-elected government executives who work collaboratively with elected officials, stakeholders and their communities to shape a better[...]
