Sign In
Free Newsletter
‘Novel’ project will add 275 apartments to Scott’s Addition
Crescent Communities, ParkProperty Capital and Thalhimer Realty Partners are developing a 275-unit apartment community in a joint venture on the border of Richmond’s fast-growing Scott’s Addition neighborhood and the city’s planned Diamond District. Dubbed “Novel Scott’s Addition,” the communi[...]
April Va. hotel revenues down slightly from pre-pandemic
Virginia hotel revenues in April were down 3.5% compared with pre-pandemic April 2019 revenues, largely due to the lagging Northern Virginia market, according to data released Wednesday by STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. Hotel rooms sold decreased by 4.7% last[...]
DXC President/CEO adds chairman to title
Mike Salvino, president and CEO of DXC Technology Co., will be adding chairman to his title, the Ashburn-based Fortune 500 IT services company announced Tuesday. Salvino will ascend to his new position following the company’s annual stockholder meeting on July 26. He succeeds former Pfizer Inc. Chairman and CEO Ian C. Read[...]
78-unit apartment complex planned for Petersburg
A 78-unit apartment complex will be developed on a four-acre piece of land recently purchased in Petersburg, Colliers announced Thursday. Thalhimer Realty Partners purchased the High Street Land Development from Monroe Properties for $875,000, according to Colliers. Thalhimer will develop the apartments across two phases: With construction starting in 2023, the first phase will feature […]
Goodwin House acquires Hermitage Northern Va.
Not-for-profit senior living and health care organization Goodwin House Inc. has acquired Hermitage Northern Virginia, a senior living community in Alexandria, from Pinnacle Living. The financial terms were not disclosed. Hermitage has 100 residents and more than 100 employees and offers independent living, assisted living and long-term care. It has two residential buildings and a […]
Capital One to reopen offices in September
McLean-based Capital One Financial Corp. will return to U.S. offices in a hybrid model on Sept. 6, CEO Richard Fairbank announced Wednesday. Capital One has delayed planned hybrid reopenings twice, from September 2021 to November 2021, and then indefinitely when the company announced its decision to postpone again in October 202[...]
Iridium taps Boeing exec for board
McLean-based satellite network operator Iridium Communications Inc. announced that Boeing executive Kay Sears has been elected to its board of directors. “We are fortunate to have such an accomplished executive with a keen understanding of our industry join our Board of Directors,” Iridium CEO Matt Desch said in a st[...]
VCU, VCCS to receive $3.5M for transfer student program
The Mellon Foundation will award a combined $3.5 million to Virginia Commonwealth University and the Virginia Community College System, VCU announced Tuesday. “We are excited to continue our partnership on the Mellon Pathways Program and build upon the strong history of collaboration between VCU and the Virginia Community Coll[...]
Cortland to invest $1B in Arlington apartments
Cortland, an Atlanta-based multifamily real estate investment, development and management company, will invest $1 billion in four Arlington apartment communities totaling more than 1,500 units, marking the company’s reentry into the metro Washington, D.C., market. The four properties include the 331-unit Aubrey apartment b[...]
UVA Community Credit Union has new president, CEO
UVA Community Credit Union has named Susan M. Gruber as its next president and CEO. Gruber previously served as executive vice president and chief financial officer of Dublin, California-based Patelco Credit Union since 2014, according to a news release. She has also worked as CFO and senior vice president at Jeanne D’Arc Cre[...]
Bioscience firm to create 70 jobs in Prince William
Manassas-based Virongy Biosciences Inc. will invest $471,000 to expand in Prince William County, creating 70 jobs, Gov. Glenn Youngkin announced Tuesday. The company relocated within Prince William County in February, moving from a roughly 600-square-foot space to about 2,000 square feet in the Northern Virginia Bioscience Center. It plans to develop diagnostic technologies to monitor […]
Reston-based LookingGlass acquires Next5
Reston-based cyber intelligence firm LookingGlass Cyber Solutions Inc. will acquire Washington, D.C.-based technology consulting firm Next5, the company announced May 11. As part of the acquisition, Next5 CEO and founder Bryan Ware was named CEO of LookingGlass. He is replacing Gilman Louie as CEO, who has moved to the role of e[...]
