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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 […]
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 […]
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 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 […]
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 […]
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 [[...]
Franconia-Springfield, Van Dorn St. stations to close during holidays
The Washington Metropolitan Area Transit Authority announced Thursday that the Blue Line Franconia-Springfield and Van Dorn Street stations will be closed for safety improvements from Dec. 19 through Jan. 3. “Doing this work during the holidays will help minimize the number of riders affected by the closures,” according to a WMATA statement. “Ridership at the […]
Va. hotel revenues remain 51% lower than last year
Virginia hotel revenues continue to decline by more than 50% when compared with last year, according to data released Wednesday from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. Hotel revenues in Virginia dropped by 51% and rooms sold declined by 33% last week, compared with the […]
Va. hotel revenue is still down by more than 50% from 2019
Despite the fast-approaching holiday season, Virginia hotel revenues continue to decline when compared with last year, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. While COVID-19 cases spiked during the week of Nov. 29 through Dec. 5, hotel revenues in Virginia dropped by […]
ManTech wins $273M Homeland Security contract
The U.S. Department of Homeland Security awarded Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, a five-year, $273 million contract to provide business intelligence support services for Customs and Border Protection (CBP), the company announced Thursday. Under the contract, ManTech will perform services that prevent crime and terrorism, [...]
Va. hotel revenues remain low during increased COVID-19 restrictions
With COVID-19 cases mounting, Virginia hotel revenues continue to decline when compared with last year, 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 Nov. 22 through Nov. 28, hotel revenues in Virginia decreased by 34% and rooms sold declined […]
More than 70% of U.S. hotels may not survive pandemic
As COVID-19 cases continue to rise in the U.S. and travel restrictions are reinstated, the American Hotel & Lodging Association (AHLA) projects that 71% of hotels won’t survive another six months without federal assistance, according to recent survey results. In Virginia alone, Virginia hotel revenues continued last week to stay well below pre-pandemic levels compared […]
