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Tysons analytics firm Qomplx plans to go public
Tysons-based risk analytics firm Qomplx Inc. announced Monday its plan to go public through a merger agreement with Tailwind Acquisition Corp., a special purpose acquisition company backed by Philip Krim, co-founder and CEO of online mattress retailer Casper Sleep Inc. The deal values Qomplx, which will be listed on the New York Stock Exchange under […]
SW Va. aims to attract data centers via regional tax pact
As part of an effort to entice data centers to locate in the region, Southwest Virginia leaders announced Tuesday a joint agreement to set what will be Virginia’s lowest regional property tax rate on data center equipment. The localities comprising the Lonesome Pine Regional Industrial Facilities Authority — Dickenson, Lee, [...]
Richmond council clears way for $325M VCU Health project
Richmond City Council approved the sale of the city’s Public Safety Building on Monday, clearing the way for a $325 million VCU Health System medical office tower and multi-use project downtown. Council members unanimously approved the 3-acre property’s $3.5 million sale to Capital City Partners LLC, a collaboration [...]
Virginia restaurants grapple with plastic foam container ban
RICHMOND, Va. — From vermicelli bowls to crispy chicken, Pho Luca’s, a Vietnamese-owned Richmond restaurant, uses plastic foam containers to package takeout meals. That may soon change after the General Assembly recently passed a bill banning such packaging. After negotiations on a Senate amendment, the House agreed in a[...]
Lawmakers pass COVID-19 workers’ comp bills
RICHMOND, Va. — The Virginia General Assembly passed multiple bills allowing health care workers and first responders to receive workers’ compensation benefits if they are disabled or die due to COVID-19. “We did it!” Del. Chris Hurst, D-Blacksburg, said in a Twitter post. “Health care heroes who got COVID on the job will get the […]
Huntington Ingalls wins $213.9M Navy contract
The U.S. Navy awarded Newport News-based Huntington Ingalls Industries a $213.9 million follow-on contract to perform engineering services for San Antonio-class amphibious transport docks, the U.S. Department of Defense announced Friday. Under the contract, HII’s Ingalls Shipbuilding division in Pascagoula, Mississippi, will help the Navy manage engineering changes, integrate systems and provide shipboard technology training. [&hellip[...]
Altamira Technologies names new CEO
McLean-based Altamira Technologies Corp. announced Friday it has hired Jane Chappell as its new CEO. Chappell most recently worked for Raytheon Corp. as vice president of its global intelligence solutions mission area of its intelligence, information and services business. She succeeds retiring Altamira CEO Ted Davies. “Jane[...]
Leonardo DRS files IPO registration
The Italian federal defense contractor Leonardo announced Friday it has filed a registration statement with the Securities and Exchange Commission for an planned initial public offering (IPO) of its U.S. subsidiary, Arlington-based Leonardo DRS. The $2.54 billion IPO could take place in March, according to reports from Reuters. Leonardo did not release the official amount […]
Three Va. companies land spots on $4.45B Air Force contract
The U.S. Air Force has awarded positions on a potential 10-year, $4.45 billion contract to three Virginia-based companies, the U.S. Department of Defense announced Friday. Reston-based General Dynamics Corp., Herndon-based ManTech and Falls Church-based Northrop Grumman Corp. were awarded spots on the contract to provide security services under DOD’s Special Access Program. Under the contract, […][...]
UPDATED: Va. becomes 2nd state with consumer data protection law
Updated March 2: Gov. Ralph Northam signed the Consumer Data Protection Act on Tuesday. In a statement, sponsor Sen. David Marsden, D-Fairfax, said, “This is a huge step forward. By creating this omnibus bill, we take the lead in data privacy in the United States. This omnibus bill is clear, concise and holds companies accoun[...]
Roanoke Valley office occupancy increases by 1%
The Roanoke Valley office market saw a 1% increase in office occupancy in 2020, ending the year with an 88% occupancy rate, according to Poe & Cronk Real Estate Group’s 34th Annual Office Market Survey. These figures are a promising sign “in one of the most challenging years in recent memory,” Poe & Cronk states, […]
Petersburg apartments sell for $2.9M
Landmark Apartments, a 53-unit affordable housing property in Petersburg, has been purchased by Mercer Street Partners for $2.867 million. Landmark, located at 450 Van Buren Drive, was originally developed in 1983 using the U.S. Department of Housing Development’s (HUD) Project-Based Section 8 program for subsidized housing. The buyer, Mercer Street Partners, acquired the property subject […][...]
