Sign In
Free Newsletter
Center for Innovative Technology campus sells for $47.35M
The Center for Innovative Technology (CIT) office building complex in Herndon has sold for $47.35 million, Gov. Ralph Northam announced Thursday. The Virginia Department of General Services (DGS) sold the property Thursday to affiliates of Chicago-based Origami Capital Partners LLC and Timberline Real Estate Partners in a tran[...]
Mayor: Richmond may not join Phase One reopening unless state provides more support
Update, May 14 at 6:15 p.m.: Gov. Ralph Northam announced that the city of Richmond and Accomack County will delay Phase One of the reopening plan by two weeks, joining localities in Northern Virginia. Earlier: Richmond Mayor Levar Stoney has said that the city may not join Gov. Ralph Northam’s Phase One reopening plan on[...]
52K Virginians filed jobless claims last week
More than 52,000 Virginians filed initial claims for unemployment last week, according to the Virginia Employment Commission, a decrease of approximately 7,000 jobless claims from the week prior. “Though the 12.6% weekly decline indicates that the volume of initial claims has retreated from its recent peak, it may not return t[...]
What does ‘reopening’ actually mean?
Updated May 14, 6:15 p.m. With most of Virginia preparing to enter the first phase of Gov. Ralph Northam’s “Forward Virginia” plan on Friday, there’s still a fair number of questions about what exactly Phase One of “reopening the state” means for business owners, employees and consumers. Here’s what you should know: Reopening in Phase […]
Va. COVID-19 cases at 27,813
As of May 14, the Virginia Department of Health has identified 27,813 confirmed and suspected COVID-19 cases across the commonwealth, with 955 Virginians dead from the disease. More than 1,530 Virginians are hospitalized with the coronavirus and 3,678 have been hospitalized and discharged, according to the Virginia Hospital and [...]
Nearly 3M Americans filed jobless claims last week
More than 2.98 million people in the United States filed initial claims for unemployment last week, according to U.S. Department of Labor statistics, marking a total of more than 36 million Americans who have filed jobless claims during the last eight weeks in the wake of the economic devastation brought on by the COVID-19pandemic. Last […]
Vienna-based OnLocation Inc. acquired by KeyLogic Systems
Vienna-based OnLocation Inc. has been acquired by KeyLogic Systems Inc., a subsidiary of McLean-based IIA Technologies Corp., the companies announced Wednesday. Financial terms of the transaction were not released. KeyLogic Systems is a Morgantown, West Virginia-based company that provides energy, data and power grid services to government agencies. OnLocation is an information and analytics company […][...]
Alphabet invests in Herndon cybersecurity startup
Herndon-based cybersecurity startup Expel announced Wednesday it received $50 million in Series D Round venture capital funding. CapitalG, the growth fund of Google LLC’s parent company Alphabet Inc., led the round. CapitalG General Partner Gene Frantz will also join Expel’s board of directors. Battery Ventures, Greycroft, Index Ventures, Paladin Capital Group and Scale Venture Partners […][...]
Va. airports saw drastic decline in passengers for April
Airports across the state saw significant drops in passenger numbers during March and April, while most people sheltered in place and canceled travel plans during the pandemic. On Tuesday, Norfolk International Airport reported a 94.2% decrease in passenger activity for April. In April 2019, the airport had more than 17 times th[...]
Gold’s Gym franchise owner appeals case to Va. Supreme Court
Seeking the right to reopen his businesses, the owner of nine Gold’s Gym franchises in Virginia has appealed to the Supreme Court of Virginia, which may rule by the end of the week. Late last month, a Culpeper County Circuit Court judge ruled in favor of Gov. Ralph Northam, whom Culpeper business owner Merrill C. […]
U.Va. research to inform COVID-19 drug treatment
The University of Virginia School of Medicine announced Tuesday that results from a 2019 U.Va. study are being used to inform a national study looking into the effectiveness of the antidepressant medication fluvoxamine as a potential treatment for COVID-19. Researchers at Washington University School of Medicine in St. Louis say the drug may prevent dangerous […]
Excella wins $20B federal contract for IT services
Arlington-based software and information technology management company Excella announced Wednesday it was awarded a contract worth up to $20 billion from the National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC). “We pride ourselves on our industry-leading expertise in modernizing IT across the federal government,” Excella co-founder and CEO Burton White said in […][...]
