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Northern Virginia

Jul 16, 2021

Intrepid Solutions acquires defense contractor Darkblade Systems

Herndon-based intelligence contractor Intrepid Solutions and Services LLC has acquired Darkblade Systems Corp., a Winchester-based federal defense contractor, it announced Wednesday. Financial details of the transaction were not disclosed. Intrepid CEO Ryan Hebert said in a statement: “Welcoming Darkblade Systems into the Intrepid family is a transformative moment for us, and one that will great[...]

Apr 16, 2021

NoVa housing market remains hot

Northern Virginia is continuing to see high levels of housing activity, a trend also taking place around the state and around the country. In an April 13 news release, the Northern Virginia Association of Realtors (NVAR) states that March saw a 54% month-over-month increase in new contract activity in the region, with 2,781 new pending […]

Washington Metropolitan Area Transit Authority photo by Larry Levine
Apr 8, 2021

Metro committee approves $4.7B budget for FY2022

With an injection of federal funding, Metro will be able to maintain current service and accelerate repairs on the public transportation system. On Thursday, the Metro Board of Directors’ Finance and Capital Committee approved a $4.7 billion operating and capital budget for fiscal year 2022, which begins July 1. The full board is expected to […]

Apr 5, 2021

Virginia sees major housing inventory shortage

Across Virginia and the nation, real estate experts are singing the same tune: We’re facing a major housing inventory shortage that shows no signs of letting up soon. “Inventory is down about 44% compared to a year ago and it’s about a third of what it was five years ago,” says Lisa Sturtevant, chief economist […]

Mar 30, 2021

Dark fiber optic network coming to NoVa

A new 680-mile, regional fiber optic network will begin to take shape in Northern Virginia during the second half of 2021. The project is a joint venture between Annandale-based Tenebris Fiber, Kansas-based Diode Ventures and New York-based JLC Infrastructure. Construction on the new dark fiber network will begin later this year, the companies said, starting […]

Mar 17, 2021

New Metro railcars set to be built in D.C. region

Metro’s new fleet of railcars will be built in the Washington, D.C., region, the Washington Metropolitan Area Transit Authority announced Wednesday. Hitachi Rail Washington LLC, an entity related to Japanese manufacturer Hitachi, has been awarded a contract worth up to $2.2 billion to build up to 800 railcars. The base order for the system’s 8000-series […]

Mar 14, 2021

February activity signals busy spring for NoVa home sales

The pace and price of home sales in Northern Virginia likely signal a busy spring for the real estate sector, according to the Northern Virginia Association of Realtors (NVAR). In a news release, the association states the average February sale price was 100.2% of the listing price. The total dollar volume of the region in […]

Feb 16, 2021

Metro awards $179M contract to replace escalators

Metro will begin replacing 130 escalators in 32 stations in May, Washington Metropolitan Area Transit Authority (WMATA) announced Tuesday. The transportation authority that runs the Metrorail and Metrobus lines in the Washington area has awarded a $179 million, seven-year contract to KONE, a Finnish elevator and escalator company with its U.S. headquarters in Illinois. Metro’s […]

Feb 4, 2021

Norfolk shipping, logistics company to create 400 jobs through $36M expansion

Shipping and logistics company CMA CGM Group will keep its North American headquarters in Norfolk and invest $36 million to expand its Hampton Roads and Northern Virginia operations, creating more than 400 jobs, Gov. Ralph Northam announced Thursday. The French company opened its first Virginia office in 2002 in Virginia Beach and in 2005 moved […]

Co-working space at Hana's National Landing location. Photo courtesy Hana
Jan 29, 2021

Co-working space opens in National Landing

A 39,000-square-foot Hana co-working space in National Landing — the stomping grounds of Amazon.com Inc.’s new East Coast headquarters, HQ2 — has opened, the CBRE Group subsidiary announced Friday. The building, located at 2451 Crystal Drive in Arlington, includes private office suites, conference and event space and co-working space. This is Hana’s third co-working and […]

Jan 26, 2021

Freedom Bank, NVTC to seed $50K revolving loan fund for minority entrepreneurs

The Northern Virginia Technology Council (NVTC) and Fairfax-based Freedom Bank of Virginia announced Tuesday a $50,000 revolving loan fund for Northern Virginia entrepreneurs of color who have been affected by the pandemic.  NVTC and Freedom Bank of Virginia will seed the NOVA Technology Loan Fund, a gap financing program to be administered by the Springfield-based […]

Andrew Turner
Dec 24, 2020

Booz Allen names executive VP, market strategy leader

McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Wednesday it has hired Andrew Turner as an executive vice president and market strategy leader for the firm’s global commercial business. With two decades of experience, Turner most recently was chief security officer with Fidelity National Information Services (FIS), where he oversaw corporate [&hel[...]

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