Falls Church-based Inova Health System has named Dr. Milton L. Brown director of the new Inova Center for Drug Discovery and Development.
Brown also will be deputy director for drug discovery for the Inova Schar Cancer Institute.
“The addition of Milt and his team puts Inova squarely on the forefront of drug discovery in the United States,” Knox Singleton, Inova’s CEO, said in a statement. “And that means better treatment options and better outcomes for patients across the Commonwealth of Virginia.”
Brown is a physician scientist with expertise in the design, synthesis, and evaluation of new drugs. In addition to being a physician, he holds a doctorate in synthetic chemistry.
He previously was with Georgetown University Medical Center where he was founding director of the Drug Discovery Program.
Brown will bring to Inova a team of more than 20 scientists including research instructors, post-docs, technicians, graduate students, and research assistant professors to Inova. The team will have a strong focus on cancer drug development.
Brown earned his medical degree from the University of Virginia and a doctorate in synthetic chemistry from the University of Alabama at Birmingham. He was on the faculty at the University of Virginia from 2000 through 2006, when he accepted the position as the founding director of the Drug Discovery Program.
Reno, Nev.-based RagingWire Data Centers and its parent company, NTT Communications, plan to spend $160 million in building a 245,000-square- foot data center in Ashburn.
The Ashburn VA3 Data Center represents phase one of the development of RagingWire’s Ashburn Data Center Campus, a 76.5 acre site that can accommodate six buildings.
The VA3 Data Center, with 16 megawatts of power, is scheduled to be available by the end of next year.
The new data center was announced at the 2016 Gartner Data Center, Infrastructure, and Operations Management Conference being held in Las Vegas.
The VA3 Data Center joins RagingWire’s VA1 and VA2 data centers, which also are in Ashburn. The combination of VA1, VA2 and VA3 creates a data center footprint of more than a half million square feet of space and 44.4 megawatts of power.
RagingWire also has data centers in California and Texas as well as NTT Com’s global data center services platform operated under the Nexcenter brand.
Sentara Northern Virginia Medical Center in Woodbridge has named Katherine A. Johnson as its new president.
Sentara Northern Virginia Medical Center is a 183-bed, not-for-profit community hospital in Prince William County. It is part of Sentara Healthcare, a Norfolk-based health-care system.
Johnson joined the medical center in June as vice president and chief operating officer. In August, she assumed the day-to-day oversight of the hospital while it searched for a new president. She will become president on Dec. 5.
Before joining Sentara, Johnson was president of Novant Health Thomasville Medical Center in Thomasville, N.C., for eight years.
During her career, Johnson also was chief nursing officer and vice president for patient care services for Novant Health Forsyth Medical Center in Winston-Salem, N.C,, and vice president of patient care services for Frye Regional Medical Center in Hickory, N.C.
Johnson holds a bachelor’s degree in nursing and master’s in adult-health nursing/nursing administration from the State University of New York at Buffalo, an MBA from the University of South Carolina and a doctorate in health-care administration from Kennedy-Western University in Thousand Oaks, Calif.
Sentara Healthcare has 12 hospitals in Virginia and North Carolina. The health system also includes four medical groups, ambulatory campuses, post-acute care services, the Sentara Quality Care Network and the Sentara College of Health Sciences. The company’s Optima Health Plan has members in Virginia, Alabama and Ohio.
W.M. Jordan Co. in Newport News has won a $95.6-million contract to build a 175,000-square-foot laboratory at NASA Langley Research Center in Hampton.
The U.S. General Services Administration awarded the construction contract for the Measurement Systems Laboratory at Langley, which is scheduled for completion in late 2019.
The lab will be the biggest of the new facilities built so far as part of NASA Langley's 20-year revitalization plan. The plan calls for demolition of aging structures and construction of energy-efficient facilities and the rehab of aging buildings.
“This is going to advance and ensure the capabilities the agency must have for mission success, as well as pave the way for Langley's future as we enter our 100th year,” Dave Bowles, Langley's director, said in a statement. “It will also boost the regional economy by providing several hundred construction-related jobs for the next few years.”
The Measurement Systems Laboratory will be a research and development facility for the new measurement concepts, technologies and systems.
The facility will have about 40 modular research labs for research and development functions such as electronics, lasers, clean rooms, and instrumentation. The new building will allow NASA to consolidate many laboratories that currently are dispersed throughout the center.
Lynchburg-based BWX Technologies Inc. (BWXT) announced on Wednesday that Chief Operating Officer Rex D. Geveden will become president and CEO on Jan. 1.
Geveden, 55, also will join the BWXT board of directors.
He will replace Peyton S. “Sandy” Baker, 69, who plans to retire on May 31. After Dec. 31, Baker will become a special adviser until his retirement.
In addition to offering strategic advice, Baker is expected to oversee the integration of the company’s anticipated Canada acquisition and safety and security activities at nuclear facilities.
As CEO, Geveden will lead the more than $1.4 billion business with six major North American sites that include some 3 million square feet of manufacturing and engineering operations.
Geveden joined BWXT as COO in 2015. Previously, he was executive vice president at Teledyne Technologies, leading two of the four of its operating segments.
He spent 17 years at the National Aeronautics and Space Administration (NASA), including service as the agency’s COO.
Geveden holds bachelor’s and master’s degrees in physics from Murray State University.
Unemployment crept upward in most of Virginia’s metro areas during October.
Jobless rates rose in 10 of the commonwealth’s 11 metropolitan statistical areas during the month, according to figures released Wednesday by the Virginia Employment Commission.
The one exception was the Hampton Roads area where unemployment remained unchanged at 4.6 percent.
The VEC figures are not seasonally adjusted, meaning they do not take into account seasonal fluctuations in the labor force.
The lowest jobless rate was seen in Northern Virginia, 3.5 percent, while the highest was in the Bristol area, 4.8 percent.
In addition to Northern Virginia, the Charlottesville and Winchester areas also had unemployment rates of under 4 percent.
A breakdown shows:
Bristol: 4.8 percent, up from 4.7 percent.
Charlottesville: 3.6 percent, up from 3.4 percent.
Hampton Roads: 4.6 percent, unchanged.
Harrisonburg: 4.2 percent, up from 4 percent.
Lynchburg: 4.6 percent, up from 4.5 percent.
Northern Virginia: 3.5 percent, up from 3.4 percent.
New River Valley: 4.6 percent, up from 4.5 percent.
Richmond: 4.2 percent, up from 4.1 percent.
Roanoke: 4.1 percent, up from 3.9 percent.
Staunton-Waynesboro: 4.2 percent, up from 3.9 percent.
Winchester: 3.7 percent, up from 3.5 percent.
Members of Virginia’s Legal Elite are seeing changes in the commonwealth’s economy.
Roanoke attorney D. Stan Barnhill of Woods Rogers, for example, says that his construction clients are at last seeing a recovery from the effects of the Great Recession.
“I had a number of clients who suffered through the downturn in 2007 and thereafter, a few of which unfortunately did not survive the struggle,” he says. “Those clients that did survive are now approaching, if not exceeding, their prerecession activity, and I now hear much more upbeat comments about current market conditions than even two years ago.”
Bankruptcy lawyer John McIntyre of Wilson & McIntyre in Norfolk, however, is seeing an increase in commercial defaults. “Unlike the last cycle, these cases do not have their genesis in any unified economic factor. Instead, they appear to be the product of the change in the economy brought about by the last downturn,” he says.
Fairfax health law attorney Peter Lipresti says physician practices and physician-owned independent diagnostic centers are coping with a rapidly shifting industry. “The primary issue facing these clients is how to remain independent in the current health-care environment,” he says.
They are three of the 18 Legal Elite representatives featured on the following pages. Begun in 2000 in cooperation with the Virginia Bar Association, the Legal Elite recognizes lawyers selected by their peers as outstanding attorneys in 18 specialties.
This year about 1,300 lawyers nominated nearly 3,800 attorneys. More than 950 lawyers, about a quarter of the total nominees, made the final Legal Elite list.
Voting for the Legal Elite is open to any licensed Virginia lawyer. Electronic ballots are emailed each June to nearly 14,000 lawyers throughout the commonwealth. An online ballot also is available on the magazine’s website during the voting period.
Lawyers are allowed to vote for members of their own firms, but they must also vote for an equal number of attorneys in other firms for their ballots to be counted. “Outside” votes are given a higher value in arriving at each nominee’s total score.
Each year, the magazine profiles a representative from each of the 18 categories. The profile subjects are selected from the top 10 vote getters in each group, but scores are not the sole criterion. Lawyers who have been profiled before — a group which now numbers more than 200 — are not chosen for profiles.
Seven of the profile subjects are from Hampton Roads while five each hail from Central Virginia and Northern Virginia and one is from Southwest Virginia.
Twelve of the 18 are graduates of Virginia law schools, including four each from the University of Virginia and Washington and Lee University.
McLean-based Booz Allen Hamilton plans to acquire the Laurel, Md.-based digital services firm eGov Holdings Inc. for $250 million.
The Maryland firm does business as Aquilent and is a provider of solutions for the Federal government.
Booz Allen said the deal will bolster its growing technology capabilities and talent base, particularly its emphasis on building citizen-focused digital services.
Aquilent will be the hub of Booz Allen’s digital business. Upon closing of the transaction, eGov Holdings Inc. will be a wholly-owned subsidiary of Booz Allen Hamilton. The transaction is expected to close by Dec. 31 and is subject to customary closing conditions.
Aquilent employs about 350 people who provide digital and cloud services for the U.S. Department of Health and Human Services, U.S. Postal Service, U.S. General Services Administration and other federal clients.
Aquilent has grown rapidly, with revenues growing at a 28 percent compounded annual growth rate during the past five years. For the remainder of Booz Allen’s fiscal year 2017, the transaction is expected to add approximately $30 million to $35 million of revenue. It is expected to be accretive to Booz Allen earnings and to add to operating margin in fiscal year 2018.
The Ballston Business Improvement District has launched the Ballston Interactive Directory, a first-of-its-kind mapping application.
The directory is designed to share information among commercial property owners, stakeholders, prospective tenants and patrons of the Ballston marketplace.
The directory was established through a partnership with Virginia-based developer 3Delcid.
The interactive directory allows users to access location-based information on Ballston’s assets including real estate, restaurants, businesses, retail, neighborhood services, events, entertainment and fitness options.
Virginia’s total home sales through the end of October was $31.97 billion, an increase of 6.4 percent from same period last year.
The Virginia Association of Realtors (VAR) reported that the statewide median sales price for October was $262,500, 5 percent higher than 12 months before. Because of high demand, the October median price was unchanged from September. Typically, median price declines each month from the summer season through the end of the year, VAR said.
“While the market is settling into the winter season, pent up demand remains a strong contributor,” Claire Forcier-Rowe, the 2017 president of VAR, said in a statement. “Still recovering from the peak inventory constraints, buyers are moving quickly on available properties and taking advantage of low interest rates.”
The average number of days on the market declined year-over-year by 16.7 percent, from 78 to 65.
The average 30-year fixed mortgage interest rate ticked up slightly in October to 3.47 percent. The continued access to low rates, along with loosening inventory, encouraged buyer activity and contributed to the market’s performance, VAR said.
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