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Chesapeake industrial office building sells for $1.95M
An industrial office building in Chesapeake sold for $1.95 million, Cushman & Wakefield | Thalhimer announced last week. Located at 1017 Wallboard Drive, the 19,500-square-foot office building was vacant at the time of the sale. The property was purchased by Wallboard LLC, a drywall company, from Seahawk Properties LLC, whic[...]
Midlothian office building sells for $1.1M
An office building in Chesterfield County’s Midlothian area has sold for $1.1 million, S.L. Nusbaum Realty Co. announced last week. Located at 1700 Huguenot Road, the 11,830-square-foot office building is 90% occupied by 10 tenants, including a home remodeling company, an attorney’s office and an insurance agent, as well[...]
100 People to Meet: Innovators
Representing sectors ranging from data analysis to pharmaceuticals to fashion, these visionary trendsetters keep the Old Dominion from getting stale. Read about the rest of our 100 People to Meet in 2021. Jason Crabtree Co-founder and CEO, Qomplx Inc. Tysons Growing up in Seattle, Jason Crabtree was more likely to be found raising and showing […]
100 People to Meet: Educators
Ranked as CNBC’s Top State for Business in 2019, Virginia earned the distinction in part for its “wealth of colleges and universities,” lauded by CNBC as the nation’s best. These are some of the educators and administrators who are helping to preserve and grow that reputation. Read about the rest of our 100 People to […]
BAE Systems lands $237.7M Navy contract
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential $237.7 million contract to drydock and perform maintenance and modernization work on the USS Wasp assault ship, the company announced Tuesday. Under the contract, BAE Systems will begin wor[...]
Appalachian Power denied rate increase by SCC
A rate increase sought by Appalachian Power Co. has been denied by the State Corporation Commission. According to a statement issued by the SCC on Tuesday, Appalachian Power was seeking to increase rates by approximately $10 per month for a typical residential customer using 1,000 kilowatt hours of electricity. Appalachian Power earned profits that were […]
Virginia Association of Counties names 2020-21 president
The membership of the Virginia Association of Counties (VACo) elected Fairfax County Board of Supervisors Chairman Jeffrey C. McKay as its 2020-2021 president during its annual conference on Nov. 11. McKay succeeds Nottoway County Supervisor Stephen W. Bowen and is the 10th president from Fairfax County since 1935. “I’m hono[...]
Equinix announces $95M Ashburn data center expansion
Redwood City, California-based digital infrastructure company Equinix Inc. has opened a new $95 million data center on its existing Ashburn campus, giving the company additional capacity. The two-story data center is designed for both large and small deployments. The $95 million first phase includes more than 41,000 square feet [...]
Parsons Corp. completes acqusition of Colo.-based aerospace firm for $300M
Centreville-based defense contractor Parsons Corp. announced late last week that it has completed its acquisition of Colorado Springs, Colorado-based Braxton Science & Technology Group LLC (BSTG) and its subsidiaries for $300 million. The acquisition was first announced in late October — marking Parsons’ fourth acquisition since October 2018. BSTG provides services for satellite operations, ground system […][...]
IRS announces research partnership with Fairfax company
The Internal Revenue Service’s Office of the Chief Procurement Officer is forming a research partnership with Fairfax-based Data and Analytic Solutions Inc. The partnership, which also includes a group of academic researchers, will use data science to improve IRS procurement operations. Researchers will examine the length of time it takes to award a government contract. […]
Dallas professional services company acquires Reston firm
Dallas, Texas-based professional services company Jacobs announced Tuesday it has acquired Reston-based cyber solutions company The Buffalo Group LLC. Financial terms of the acquisition were not disclosed. The Buffalo Group provides analysis and technology services to the United States intelligence community across domains including cyber, ground, sea, air and space. Jacobs employs 55,000 people and […][...]
Newport News Shipbuilding lands $2.2B sub contract modification
Newport News-based Huntington Ingalls Industries (HII)’s Newport News Shipbuilding division received a $2.2 billion contract modification from Reston-based General Dynamics Electric Boat for construction of the first two Columbia-class ballistic missile submarines, the company announced on Monday. The U.S. Navy in early Novemb[...]
