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TowneBank and CHKD buy Norfolk Southern Tower for $30M
UPDATED JULY 2 | Suffolk-based TowneBank and Children’s Hospital of the King’s Daughters (CHKD) have jointly purchased the 22-story Norfolk Southern Tower in downtown Norfolk from the Fortune 500 railroad corporation, which is in the process of migrating its corporate headquarters to Atlanta. The building sold for $30 mill[...]
VUU appoints associate provost for research
Virginia Union University announced Wednesday it has appointed Terrell Strayhorn as associate provost for research, innovation and graduate education. He will also serve as director of the Center for the Study of HBCUs (historically Black colleges and universities) and as a tenured professor of urban education in the Evelyn Reid[...]
Excella names VP of strategic growth
Arlington County-based software and information technology management company Excella announced Wednesday it has named Christina Seiden as vice president of strategic growth. In her new role, she will focus on expanding Excella’s business into new markets. Seiden was most recently senior vice president of operations at Reston-based software company NCI Information Systems Inc. There she […][...]
Capital Square hires VP of capital markets
Henrico County-based real estate investment company Capital Square announced Wednesday it has named Marc Slavny as executive vice president of capital markets and director of due diligence. He will be responsible for overseeing capital markets and fundraising, creating the firm’s due diligence team, as well as designing and im[...]
Reston software company selects chief revenue officer
Reston-based lease management software company LeaseAccelerator Inc. announced Tuesday it has named David Mitchell as its chief revenue officer. Mitchell was most recently senior vice president of worldwide sales at McLean-based cloud computing company Appian Corp. In his new role, he will focus on sales execution in North Ame[...]
HHS contracts Herndon company for COVID-19 modeling
Herndon-based artificial intelligence company GeoSpark Analytics Inc. announced Tuesday it has been awarded a five-year, multimillion-dollar contract to provide COVID-19 and infectious disease modeling for the Department of Health and Human Services (HHS). An exact contract amount was not disclosed. “If we’ve learn[...]
Boston media company buys Reston marketing automation firm
Reston-based marketing automation company Triblio has been acquired by Boston-based tech marketing and media company IDG Communications, the companies announced Tuesday. Financial terms of the transaction were not disclosed. Triblio, which was founded in 2013 by former employees of Oracle’s software-as-a-service product Eloqua, focuses on account-based marketing (ABM). “Triblio is the most complete ABM platform […][...]
Navy raises General Dynamics submarine contract to $9.47B
Reston-based Fortune 100 aerospace and defense contractor General Dynamics Corp. on Tuesday received an $869 million modification to its 2017 contract to produce two U.S. Navy ballistic missile submarines. The modification raises the contract value to $9.47 billion. The original Integrated Product and Process Development contrac[...]
Phase Three reopening starts July 1
Virginia will enter Phase Three of the state’s Forward Virginia reopening plan on Wednesday, July 1, ending restrictions on restaurants, retail stores and bars, among other changes, Gov. Ralph Northam said Tuesday. “This gives us about three-and-a-half weeks of Phase Two where we have been able to follow the data,[...]
Virginia Bankers Association elects new board officers
The Virginia Bankers Association (VBA) announced Tuesday the newly elected officers for its 2020-21 board of directors: Chairman John C. Asbury and Chairman-Elect Leton L. Harding Jr. Asbury has been the president and CEO of Richmond-based Atlantic Union Bankshares Corp. since October 2016, and has served as CEO of its holding company since January 2017. […]
VCU-Ariz. State survey shows increased labor market activity
As states have begun to reopen for business, the national labor market has seen an increase in activity during the past two weeks, according to a biweekly survey conducted by Virginia Commonwealth University and Arizona State University economists. However, the 2.3% decrease in the national unemployment rate (which was estimated at 19.4% for the week […]
Two retail spaces in Harrisonburg sell for $5.25M
Two retail spaces in a Harrisonburg shopping center have sold for a total of $5.25 million, Harrisonburg-based commercial real estate brokerage Cottonwood Commercial announced Monday. The 2,500-square-foot Starbucks unit and a 5,000-square foot unit occupied by Potbelly Sandwich Shop and Sleep Number, a bedding store, were pur[...]
