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McLean’s Iridium closes on Satelles deal
McLean-based Iridium Communications, a global satellite communications company, has completed its previously announced acquisition of Satelles, a Reston-based provider of satellite-based time and location services that assist GPS and global navigation satellite systems (GNSS), the company announced Tuesday. Iridium first announc[...]
SAIC lands potential $494M NASA contract
Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) has been awarded a safety and mission assurance support contract from NASA worth up to $494 million. The federal agency announced it had selected SAIC for the Safety and Mission Assurance Engineering Contract III on March 29, and the cont[...]
231-unit affordable housing development coming to McLean
Construction will begin immediately on the 231-unit first phase of an affordable housing development in McLean backed by Amazon.com, SCG Development announced Wednesday. Located at 1750 Old Meadow Road, Somos at McLean Metro will be developed in two phases. In the first phase, Tysons-based SCG Development will demolish an abando[...]
Virginians wagered $545M on sports in February
Virginians bet $545 million on sports in February, 25.6% more than in February 2023, according to data released Monday by the Virginia Lottery. February’s handle was a 16.5% decrease from the $652.87 million Virginians bet in January. Virginia bettors won approximately $495 million in February and more than $587.5 million in J[...]
Kaufman & Canoles has new president and CEO
Jason R. Davis became president and CEO of Norfolk-based law firm Kaufman & Canoles on Monday. Davis, who has been with Kaufman & Canoles since 1997, succeeds William R. Van Buren III in his role as president. Van Buren has served as the firm’s president and chairman for 16 years and will remain chairman. “I [&hellip[...]
Second new SCC judge is sworn in
Attorney Kelsey A. Bagot was sworn in Monday as the newest judge on the Virginia State Corporation Commission, filling its three-commissioner bench for the first time since March 2022. The SCC’s panel was short two judges after the December 2022 resignation of Judge Judith Jagdmann, and nominations were held up by partisan pol[...]
Atlantic Union completes $507M purchase of American National
Richmond-based Atlantic Union Bankshares completed its acquisition Monday of Danville-based American National Bankshares, parent company of American National Bank and Trust. Based on the $35.31/share closing price Thursday of Atlantic Union common stock, the transaction value was approximately $507 million, according to Atlantic[...]
Truth, justice, and the Liberty Way
The past four years have been rough on Liberty University’s reputation, judging by the sheer tonnage of negative press that the Lynchburg-based evangelical education powerhouse has received. But with a $2 billion-plus endowment and one of the nation’s largest private, nonprofit college enrollments, Liberty appears to be not [...]
Chesapeake strip mall goes for $3.15M
A 7,800-square-foot retail strip center in Chesapeake sold for $3.15 million, according to a March news release from S.L. Nusbaum Realty. Located at 1508 Sam’s Circle, Battlefield Shops has five tenants. It is shadow anchored by Walmart, Sam’s Club, At Home and Dollar Tree stores. Battlefield Freedom Wash sold the property t[...]
Norfolk apartments are sold for $3.1M
A 20-unit apartment property in Norfolk sold for $3.1 million on March 20. Located at 1314 and 1318 Little Bay Ave., the property has 20 one-bedroom units that are each 600 square feet. The units were built in 1970. Tidewater View sold the property to Nouveaux Little Bay. Justin Ferguson, Altay Uzun, Theo Jolley and […]
Hotel in Salem changes hands for $3.1M
A Days Inn in Salem sold for $3.1 million on March 26. Located at 1535 E. Main St., the two-story hotel has 70 rooms. It was built in 1974. Evergreen Hotels purchased the property from Devkison LLC, according to property records. Milin Mehta, Chase Dewese, Jack Davis and Joce Messinger with Marcus & Millichap’s Charlotte [[...]
Apartment buildings in Portsmouth sell for $2.4M
A 17-unit apartment property in Portsmouth sold for $2.4 million, Marcus & Millichap announced Tuesday. Built in 1987, Effingham Green Condos has 17 two-bedroom, one-bathroom units across two buildings on 2 acres. The property is located at 1007 Green St. Capps Equity sold the property to Nouveaux Effingham. Justin Ferguson,[...]
