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Industrial building in Norfolk sells for $5M
An industrial building in Norfolk sold for $5 million, Cushman & Wakefield | Thalhimer announced Thursday. The 86,732-square-foot building located at 3501 E. Princess Anne Road sits on 2.8 acres in Norfolk Industrial Park. The building is 33% leased to organic spices, herbs and botanicals manufacturer American Botanicals.�[...]
Stockholders approve CarLotz merger
CarLotz Inc., the Chesterfield County-based consignment dealer of used cars, announced Friday that stockholders had given it the requisite approval to complete a proposed merger with Miami-based special purpose acquisition company Acamar Partners Acquisition Corp. that is expected to close on Jan. 22. The merger is still subject to satisfaction of other conditions, including approval […]
UVA Health names new chief strategy officer
UVA Health has named Jason Lineen as its new chief strategy officer, following a national search. Lineen, an executive with more than two decades of health care strategy experience, will join UVA Health on Jan. 18. In that role, he will provide executive counsel and leadership for UVA Health’s strategic planning efforts, service line expansion […]
Dental office building in Suffolk sells for nearly $2.43M
A dental office building in Suffolk sold for nearly $2.43 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced Wednesday. California-based investor Aspen Suffolk LLC purchased the 3,500-square-foot Aspen Dental property located at 1930 North Main Street from LWS Suffolk Station LLC, an affiliate of Atlant[...]
Reston-based Comscore secures investments for stock deal
Reston-based media-measurement and analytics company Comscore Inc. announced Thursday that Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP are each making a cash investment in exchange for shares of convertible preferred stock. Proceeds from the investment will be used by Comscore to retire existing debt […][...]
Sen. Amanda Chase ‘will absolutely not resign’
UPDATED 4:40 P.M., JAN. 8 Virginia Senate Democrats called Friday for the resignation of Republican state Sen. Amanda Chase, who spoke at the pro-Trump demonstration in Washington, D.C., on Wednesday that turned violent and led to a breach of the U.S. Capitol, but Chase says she “absolutely” will not leave her office. Facebo[...]
Fairfax tech company acquires Herndon intelligence services firm
Fairfax-based federal technology company Axiologic Solutions LLC announced Thursday it has acquired Herndon-based intelligence services firm Knowledge Link. It is Axiologic’s first acquisition. Financial terms of the transaction were not disclosed, but the acquisition will nearly double the size of Axiologic, according to a company statement. “Through the combination of Axiologic and Knowledge Link, we’ll […][...]
CIT announces $7M grant funding round
The Herndon-based Center for Innovative Technology (CIT) on Thursday opened the application process for $7 million in grant funds from its new Commonwealth Commercialization Fund, focused on promoting innovation and technology commercialization initiatives. The fund started six months ago. This round will provide grants up to $100,000 to support companies’ commercialization and market entry goals. […][...]
DXC Technology receives unsolicited bid for all company shares
Tysons-based Fortune 500 IT services company DXC Technology confirmed Thursday it received an unsolicited, preliminary and nonbinding proposal from French information technology company Atos to buy all of the company’s shares. DXC will evaluate the proposal, according to a company statement. “Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of any […][...]
Booz Allen demos in-flight AI algorithm for Air Force
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Wednesday it demoed the use of an in-flight artificial intelligence (AI) algorithm for the U.S. Air Force Air Combat Command’s 9th Reconnaissance Wing U-2 Federal Laboratory. This marks the first time that a pilot has teamed up with AI to successfully complete a […]
Leidos subsidiary submits lunar lander proposal to NASA
Dynetics, a wholly owned subsidiary of Reston-based Fortune 500 government contractor Leidos Holdings Inc., announced Wednesday it has submitted its proposal for the Human Landing System (HLS) that is planned to take the first woman and next man to the man’s surface for NASA’s Artemis Program by 2024. In late April, Dynetics was one of […]
Va. National Guard to be deployed in D.C. through at least Jan. 20
The Virginia National Guard and Virginia State Police troopers will be deployed in Washington, D.C., at least through Jan. 20, inauguration day for President-elect Joe Biden, Gov. Ralph Northam announced Thursday afternoon. In a tweet, Northam said, “I’m extending Virginia’s National Guard deployment at least t[...]
