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EdgeCore secures $1.5B toward Sterling data centers construction
EdgeCore Digital Infrastructure secured $1.5 billion to build two hyperscale data centers in Sterling, supporting 114 megawatts of critical load.
Kuhn buys industrial park in Manassas for $90M
JK Land Holdings purchased the 240,000-square-foot Redstone Industrial Park in Manassas from Dogwood Industrial, expanding its industrial real estate portfolio.
US dollar firms on renewed inflation risks; market pares back rate-cut outlook
The US dollar strengthened against major currencies due to Middle East conflict and inflation fears, causing markets to delay expected interest rate cuts.
Belfort Furniture acquires Berryville distribution center for $14M
Loudoun County Belfort Furniture has purchased a 260,000-square-foot distribution center in Berryville for $14 million.
JK Land Holdings buys $28.5M warehouse in Sterling
JK Land Holdings acquired the 7.88-acre site at 45190 Ocean Court in Sterling on Jan. 8 from Sterling Davis Properties.
Sterling drone startup joins unicorn ranks
Heven AeroTech, a Sterling-based developer of hydrogen-powered UAS, has reached unicorn status with a $100 million Series B funding raise.
Amazon closing Sterling facility, affecting 247 workers
Amazon.com plans to shut down a fulfillment center in Sterling at the end of January, but workers will have transfer opportunities.
Goldschmitt & Associates to lay off 217 employees
A Sterling-based business management firm, Goldschmitt and Associates, expects to lay off 217 employees beginning May 1, it said in a letter to the state's Department of Workforce Development & Advancement last week.
Reston Limousine sold to Texas company
Dallas-based TBL Group, a transportation and logistics management acquisition company, has purchased Reston Limousine & Travel Service, a Sterling-based transportation company started in 1990. According to TBL’s website, the company will be known as Reston Transportation. Financial terms were not disclosed. Since its founding, Reston Limo has grown from five vehicles to a fleet of [&hell[...]
Kastle takes majority stake in Mich. security business
Kastle Systems, a Falls Church security solutions company, has taken a majority stake in i2G Systems, a Michigan-based electronic security service provider firm. Kastle did not clarify the amount of the investment. “Kastle’s strategic investment in i2G — a majority stake — is the largest investment in our company’s 50-year history,” Kastle CEO Haniel Lynn […]
OpTech expanding Loudoun satellite plant
Optimum Technologies, a Sterling space flight hardware designer and manufacturer, plans to expand its Loudoun County satellite manufacturing plant, a project expected to create 40 jobs, Gov. Glenn Youngkin announced Monday. Known as OpTech, the company will invest $999,000 in the expansion, according to the governor’s office. OpTech was founded in Virginia in 2015 and […]
Sterling drone-jamming firm to be acquired by Taser maker Axon
Dedrone, a Sterling-based maker of drone-jamming and detection devices, has reached an agreement to be acquired by Scottsdale, Arizona-based Taser manufacturer Axon Enterprise. The transaction is expected to close in the second half of 2024, the companies announced Monday, and terms of the deal were not disclosed. Dedrone’s portable gunlike jammers can thwart aerial drones […]
