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UVA Health, Focused Ultrasound launch $8M center
University of Virginia Health and Charlottesville-based Focused Ultrasound Foundation invested $8 million into launching the Focused Ultrasound Cancer Immunotherapy Center, the health system announced Wednesday. “We are excited to announce this powerful multidisciplinary and interdepartmental collaboration effort with the Focu[...]
Avantus Federal acquires N.C. tech firm
Avantus Federal has acquired North Carolina-based tech contractor Far Ridgeline Engagements (FRLE), the McLean-based IT defense contractor announced last week. Financial details of the transaction were not disclosed. “For almost 15 years, Far Ridgeline Engagements has earned eminence by maintaining a strong focus on providing [...]
Clark Construction to expand in NoVa
Bethesda, Maryland-based Clark Construction Group LLC, the general contractor for several phases of Amazon.com Inc.’s HQ2, announced plans Tuesday to expand the company’s footprint in the mid-Atlantic region, including building a 128,000-square-foot office in McLean. The office will be at 7900 Westpark Drive in Fairf[...]
Cobalt Real Estate Solutions names new CIO
Virginia Beach-based investment fund Cobalt Real Estate Solutions has named Tim McCann as its chief investment officer, the company announced Tuesday. Cobalt, an affiliate of Divaris Real Estate Inc., is seeking to raise $50 million in equity to add $150 million in properties to its portfolio. and McCann will seek investment opp[...]
Capital Square names VP of marketing
Capital Square has promoted Sydney Hockaday to vice president of marketing, the Henrico County-based real estate investment firm announced May 9. Hockaday joined Capital Square in 2018 as the firm’s marketing coordinator and has been promoted three times, first to marketing manager in 2019, then to assistant vice president[...]
Richmond names 3 Diamond District finalists
City of Richmond officials announced Tuesday that three development teams have continued to the finals for the Diamond District, which includes replacing the baseball stadium and revitalizing the area near the Scott’s Addition neighborhood. The announcement also gives more details than previously available about the plans [...]
McLean-based Appian wins $2B verdict in trade secrets lawsuit
Appian Corp., a cloud computing firm based in McLean, won $2.03 billion — an amount estimated to be the largest award in Virginia state court history — in a trade secrets verdict against a competitor Monday in Fairfax County Circuit Court. Appian sued Massachusetts-based Pegasystems Inc. and an individual, Youyong Zou, in Ma[...]
Metro announces next general manager, CEO
Washington Metropolitan Area Transit Authority’s new general manager and CEO is Randy Clarke, the current president and CEO of Austin, Texas’ Capital Metro. The board of the authority, which runs Metrorail and Metrobus, announced Tuesday that Clarke will assume the position in late summer. Metro’s current general manager a[...]
Peraton named a U.S. Best Managed Company
Peraton Inc. has been named a U.S. Best Managed Company for 2022 by Deloitte Private and The Wall Street Journal, the Herndon-based government contractor announced Monday. It’s among 51 private companies honored and the only one based in Virginia. “Peraton is honored to be recognized as a Best Managed Company in the U.S.[...]
Skanska to construct $69M Va. Tech building
Virginia Tech’s $69.5 million Undergraduate Science Laboratory Building will be constructed by Skanska and completed by April 2024, the Swedish builder announced Monday. Virginia Tech announced plans for the building in late March, and construction started in April. The 102,000-square-foot building will provide teaching an[...]
Golden Nugget pulls out of Va. after DraftKings acquisition
DraftKings Inc. closed its acquisition of Golden Nugget Online Gaming Inc., the Boston-based company announced last week, and Golden Nugget will therefore no longer operate in Virginia. Golden Nugget Online Sportsbook in Virginia said it stopped accepting registrations, wagers and deposits in early May and would no longer offer [...]
Metronet names Va. market leader
Fiber optic company Metronet hired Andrew Brummette in April to be its Virginia market leader, the company announced Monday. Evansville, Indiana-based Metronet is expanding to Norfolk, its first foray into Virginia, where it will build a fiber optic network and offer internet service to city residents. Brummette is based in Norf[...]
