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Hampton industrial property sells for $1.7M
G & V LLC has purchased a 44,76-square-foot industrial building situated on 3.71 acres in Hampton for $1.74 million to open a manufacturing operation. The property is located at 315 E. Street. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser; Robert L. Phillips, Jr., also with […]
Portsmouth apartment property sells for $1M
Portsmouth property management company Doud Realty Services Inc. has purchased the Edison Apartments in Portsmouth for $1 million as part of a 1031 tax-deferred exchange. The 16-unit multifamily property is located at 219-249 Edison Ave. Clark Simpson of Cushman & Wakefield | Thalhimer Capital Markets Group handled the sale [...]
Perspecta wins $202M defense contract
The Defense Information Systems Agency (DISA) awarded Chantilly-based federal contractor Perspecta Inc. a $201.5 million contract to provide technical services in support of its Global Content Delivery Services (GCDS) II program, the company announced Thursday. Perspecta was the prime contractor for the GCDS I program, working with DISA in expanding the Defense Information Systems Network. […][...]
Nexus Services CEO calls state AGs’ lawsuit ‘a form of retaliation’
Nexus Services Inc., the bonding company being sued by the states of Virginia, Massachusetts and New York, responded Friday with accusations of its own. In a statement, Nexus CEO and President Mike Donovan said that the state attorney generals’ allegations that the company financially preyed on immigrants held in federal detention are “offensive, 100% false […]
BAE Systems names senior VP for government relations
Arlington-based defense contractor BAE Systems Inc. announced Thursday that Shelly O’Neill Stoneman, the company’s vice president for executive branch and international government relations, will become its senior vice president for government relations, effective April 17. Stoneman will succeed Frank Ruggiero, who will rema[...]
Reston-based Comscore closes investment transactions
Reston-based media measurement and analytics company Comscore Inc. announced Thursday that it has closed its previously announced investment transactions with Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP. Each of the three companies made a cash investment in exchange for shares of convertible preferred stock, […][...]
Serco Inc. wins $600M Navy contract
Herndon-based tech company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) has been awarded a potential eight-year, $600 million contract by the U.S. Navy to support its Anti-Terrorism/Force Protection (AT/FP) Ashore Sustainment Program. With an initial delivery order worth $153 million, Serco will support the program by providing software, hardware and firmware maintenance […][...]
Health care AI company bringing U.S. HQ to Loudoun
Zasti Inc., a health care-related artificial intelligence technology company, is investing $5.9 million to establish its U.S. headquarters in Loudoun County, creating 60 jobs, Virginia Gov. Ralph Northam announced Thursday. Founded in 2017 in India, Zasti, which is Sanskrit for “prediction,” develops AI-based risk screening, predictive analytics and climate change solutions for the health care […][...]
757 economic recovery plan focuses on cooperation
At a Thursday news conference, Hampton Roads regional leaders unveiled a new economic recovery plan for the next two years that focuses on cooperation and resiliency. Hampton Roads Alliance President and CEO Doug Smith presented a report detailing multiple goals for the region to help it recover financially after the COVID-19 pa[...]
New jobless claims increased last week in Va.
Initial unemployment claims increased across the state last week, while continued claims dropped slightly, the Virginia Employment Commission reported Thursday. For the filing week ending March 6, 13,736 people filed new claims for unemployment insurance, up from 12,155 the previous week. Meanwhile, 62,269 people filed continued claims, marking a 2.7% decrease from the previous week […]
Health Wagon receives COVID-19 vaccine doses after wait
A little more than a month after The Health Wagon’s director went on national television and said the Wise County-based free clinic system hadn’t received COVID-19 vaccine doses, it has now vaccinated 325 people in the past two weeks. In a news release Thursday, The Health Wagon President and CEO Teresa Tyson thanked[...]
The pandemic — one year later
One year ago this week, Virginians started bumping elbows instead of shaking hands. We raced about trying to find toilet paper and hand sanitizer and began washing our hands obsessively as a virus we’d only heard about in the news suddenly appeared in Virginia and would quickly transform daily life as we knew it. Virginia&[...]
