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Industries

Mortgage rates above 7% shock volatile housing market
Apr 18, 2022

Sturtevant to leave Virginia Realtors for Bright MLS

Lisa Sturtevant, chief economist for Glen Allen-based Virginia Realtors, will join Bright MLS in May, Virginia Realtors announced earlier this month. Sturtevant has served as chief economist for the statewide Realtor organization since January 2020 and will continue consulting when she begins her new role. Rockville, Maryland-ba[...]

Apr 15, 2022

Herndon analytics firm taps new president and CFO

Herndon-based data analytics firm Illuminate has named Tameika Hollis as president and Scott Crane as chief financial officer, according to an April 12 announcement. Hollis previously served as Illuminate’s chief operations officer and joined the company in 2020 after nearly 17 years as a program manager and executive at Northrop Grumman, according to her LinkedIn […]

Booz Allen Hamilton logo
Apr 15, 2022

Booz Allen to sell Middle East/N. Africa biz

New York-based management consulting firm Oliver Wyman announced last week that it has entered an agreement to acquire McLean-based Fortune 500 global management consultant Booz Allen Hamilton Inc.’s business serving the Middle East and North Africa (MENA) region. Financial terms of the transaction, which is expected to cl[...]

Va. construction contractor upsizes Roanoke office
Apr 15, 2022

Va. construction contractor upsizes Roanoke office

Chesterfield County-based commercial and industrial contractor Atlantic Constructors Inc.’s Roanoke team moved this month into a renovated building double the size of its previous office and shop/warehouse space. The building at 1302 Rockland Ave. NW is 32,000 square feet. Property records show that ACI Suffolk LLC purchas[...]

Norfolk mobile home parks sell for $9.75M, $6.4M
Apr 15, 2022

Norfolk mobile home parks sell for $9.75M, $6.4M

Two mobile home parks in Norfolk have sold, one for $9.75 million and one for $6.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Thursday. Located at 6659 E. Virginia Beach Blvd., Smitty’s Mobile Home Park consists of 136 pad sites on about 12.3 acres. Bonaventure bought the property [...]

Sentara Healthcare names new general counsel
Apr 13, 2022

Sentara Healthcare names new general counsel

Earl Barnes will join Sentara Healthcare as its general counsel on June 2, the Norfolk-based health system announced Tuesday. Barnes previously was executive vice president and chief legal officer for Chicago-based Amita Health. In that role, he managed the legal, compliance, audit and risk departments, leading a 60-person team [...]

Focused Ultrasound Foundation names 2 managing directors
Apr 11, 2022

Focused Ultrasound Foundation names 2 managing directors

The Charlottesville-based Focused Ultrasound Foundation has added two new managing directors. Eliza Vellines Phillips was named last week by the foundation as its new managing director of development, and Rick Hamilton, an inventor who holds more than 1,000 patents, joined as its managing director and chief technology officer. P[...]

Roanoke-based TMEIC Corp. Americas buys Spanish division
Apr 11, 2022

Roanoke-based TMEIC Corp. Americas buys Spanish division

The Roanoke-based subsidiary of crane automator Toshiba Mitsubishi-Electric Industrial Systems Corp. has completed the acquisition of Spanish maritime terminal business Orbita Ingeniería S.L.’s ports and terminals division, as of April 1. The companies did not divulge financial details. The acquisition was completed throu[...]

Apr 11, 2022

Norfolk cement company to invest $37M in new dome

Norfolk-based Titan America LLC, a producer of heavy building materials, announced last week it will construct a 70,000-ton dome in Chesapeake, a project estimated to cost $37 million. Titan will build the dome to hold bulk storage, adding to its current 35,000-ton capacity at its Roanoke Cement import terminal. According to the company, the expansion […]

Fluence files plans for IPO
Apr 11, 2022

Fluence to acquire renewable energy SaaS company

Arlington-based energy storage and digital application company Fluence Energy Inc. announced Monday that it has entered into an agreement to acquire Nispera AG. Nispera is a Zurich-based artificial intelligence and machine learning-enabled software-as-a-service company that targets the renewable energy sector. It helps clients m[...]

DNA lab capacity expansion to bring 70 more jobs to Fairfax
Apr 11, 2022

DNA lab capacity expansion to bring 70 more jobs to Fairfax

Lorton-based forensic DNA testing company Bode Technology will invest $2 million to expand its DNA testing lab capacity in Fairfax County, a project expected to create more than 70 jobs, Gov. Glenn Youngkin announced Monday. The company will reconfigure about 5,000 square feet of its lab and add laboratory benches and robotics t[...]

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Apr 7, 2022

Metro releases 10-year strategic plan for development

The Washington Metropolitan Area Transit Authority, which runs Metrorail and Metrobus, released its first-ever strategic plan for joint development on Thursday, announcing an ambitious initiative to bring in 26,000 new housing units in Virginia, Maryland and Washington, D.C. The document says that 40 Metro stations — including[...]

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