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Leidos receives $291M Navy contract
Reston-based Fortune 500 contractor Leidos has received a $291 million follow-on contract for work with the Navy’s Program Executive Offices’ Integrated Warfare Systems directorate, according to a news release. The single award, cost-plus-fixed-free contract includes a one-year base period with a four additional one-[...]
Newport News Shipbuilding promotes three execs
Newport News Shipbuilding has announced several leadership changes as the shipyard attempts to optimize and speed operations. Matt Needy is now vice president and chief transformation officer, after previously serving as vice president of Navy programs. In his new role, Needy is responsible for executing Newport News’ stra[...]
HeadWaters temporary casino changes course in Norfolk
HeadWaters Resort & Casino, the Pamunkey Indian Tribe’s $500 million gaming project planned for Norfolk, announced Wednesday it is abandoning its temporary casino plans at Harbor Park, instead locating the facility on the same property as the permanent casino. “Issues were recently raised about the address of the[...]
Volkswagen names new president, CEO of Americas Group
Volkswagen is shaking up leadership in the Americas as it launches a new company focusing on electric pickups and sport utility vehicles after acquiring the iconic Scout ATV brand. Scott Keogh, who has led Herndon-based Volkswagen Group of America as president and CEO and the Volkswagen North American Region since 2018, will bec[...]
ODU, EVMS merger possibility arises with new officer hire
A high-profile hire announced Tuesday by Old Dominion University has raised questions about the possibility of a formal merger with Eastern Virginia Medical School, although statements from the two Hampton Roads educational institutions say it’s “premature” to respond to questions about the prospect. Dr. Alicia[...]
Richmond’s Maymont wins $8M tourism grant
Updated July 20, 2022 Maymont Foundation, which maintains and runs Richmond’s Maymont park, was awarded an $8 million federal grant Tuesday to promote regional tourism, the U.S. Department of Commerce’s Economic Development Administration announced. With an additional $2 million in matching funds from the foundation,[...]
GDIT receives $908M contract
Falls Church-based federal contractor General Dynamics Information Technology Inc. has been awarded a $908 million contract to support IT and network systems operated by the U.S. Air Forces in Europe. The award is for the single-award, indefinite-delivery/indefinite-quantity Europe-Wide Information Technology and Enterprise Netw[...]
Herndon-based ePlus acquires Texas company
Herndon-based technology solutions provider ePlus Inc. has acquired Future Com Ltd., a Texas-based tech company, ePlus announced Monday. Financial terms of the transaction were not disclosed. The deal closed on July 16. Future Com offers hardware, software, support and consulting services. “As we actively work to grow our secu[...]
Hopewell businesses get boost after pitch competiton
Jonathan Montiel and his business partners Phillip and Lexi Hughes bought a building in downtown Hopewell and then asked community members what they needed. Their answer: more restaurants. That’s how City Point Ice Cream & Burgers was born, and it’s why the trio think they won the $15,000 first prize in the Homeg[...]
Colonial Heights shopping center sells for $5.45M
Q&L Realty LLC has purchased the Southpark Square Shopping Center in Colonial Heights from the Colonial Heights Land Associates Limited Partnership for $5.45 million, Divaris Real Estate Inc. announced Thursday. The 35,705-square-foot retail shopping center is located at 1829-1865 Southpark Blvd. in Colonial Heights. The sho[...]
Chesapeake office building sells for $11M
Investment group Gracestone Investments LLC has purchased an 81,318-square-foot office building in Chesapeake from GSI Inc. for $11 million, Cushman & Wakefield | Thalhimer announced July 5. The property, located at 850 Greenbrier Circle, is 100% leased to Canon U.S.A. Inc. Rob Wright of Cushman and Wakefield | Thalhimer bro[...]
Cortland completes $1B investment in Arlington
Cortland, an Atlanta-based multifamily real estate investment, development and management company, has completed its initial round of apartment acquisitions in Arlington with the purchase of Evo Rosslyn, a 27-story apartment building. The purchase is part of a $1 billion investment in multiple Arlington apartment communities, fi[...]
