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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[...]
Initial jobless claims jumped 64.3% last week
The number of initial jobless claims filed last week jumped a staggering 64.3% to more than 19,000, according to Virginia Employment Commission data released Thursday. This is the highest number of initial claims reported since August 2020. For the week ending Jan. 2, 19,530 Virginians filed initial claims for unemployment, an i[...]
VCU names senior adviser to president and university relations VP
Virginia Commonwealth University announced Thursday that Pamela D. Lepley, who has served as vice president for university relations since 2014, has been promoted to senior adviser to VCU President Michael Rao. Grant J. Heston will succeed Lepley as the university’s chief communications officer starting Jan. 10. Lepley has[...]
Sentara announces $10M community health investment
Norfolk-based Sentara Healthcare announced Thursday a $10 million investment to be split among grants to local universities as well as public health and health equity improvement initiatives. The Sentara Healthier Communities Fund will be disbursed during a two-year period among Sentara’s partner universities, including Old Dominion University and Norfolk State University; as well as Eastern […][...]
