Sign In
Free Newsletter
CoStar Group moving global HQ to Arlington
UPDATED: Feb. 16, 10 a.m. CoStar Group, which already has a major presence in Richmond, will invest $20 million to move its global corporate headquarters from Washington, D.C., to Arlington County’s Rosslyn area, Virginia Gov. Glenn Youngkin announced Tuesday. Known for its online real estate marketplaces Apartments.com an[...]
Trident Systems to add 50 jobs in Fairfax
Fairfax-based aerospace defense contractor Trident Systems plans to invest $3.7 million in an expansion of its Fairfax County operation, creating about 50 jobs, Gov. Glenn Youngkin announced Tuesday. Trident Systems, which was acquired by Chantilly-based LightRidge Solutions in July 2023, produces space electronic systems for the Department of Defense, NASA and the intelligence community. The […][...]
BlueHalo nears $1B in annual revenue with acquisition
Arlington-based tech contractor BlueHalo announced Tuesday it plans to acquire Maryland-based Eqlipse Technologies, a purchase that the company expects to bring its annual revenue to nearly $1 billion. Eqlipse and BlueHalo are both portfolio companies of Arlington Capital Partners, and together, the combined company will have [...]
CEO Hunt leaving Va. Credit Union League
Carrie Hunt is leaving at the end of the month as president and CEO of the Virginia Credit Union League, and Chief Operating Officer Karima Freeman will serve as interim head of the trade association, VACUL announced Tuesday. Hunt, a seasoned political lobbyist, is leaving to become chief advocacy officer of America’s Cred[...]
Bills to cap rent increases don’t advance this session
RICHMOND, Va. — State lawmakers did not advance legislation this session that aimed to slow rising rent prices, although affordable housing remains a big concern for constituents. Two proposed bills would have allowed localities to adopt anti-rent gouging provisions, prevent landlords from increasing rent without at least t[...]
Lucas: Alexandria arena deal is dead as far as she’s concerned
A bill that would establish a state authority for the proposed Alexandria basketball and hockey arena is not on the Virginia State Senate’s Finance and Appropriations Committee’s docket “because [Gov. Glenn Youngkin’s] proposal is not ready for prime time,” wrote Sen. Louise Lucas, the committeeR[...]
Va. Beach apartment complex sells for $36M
Dove Landing, a 318-unit apartment complex in Virginia Beach, has changed hands, Berkadia announced Jan. 31. Chesapeake-based Community Investment Group bought the property for $36 million from Enterprise Community Development, a nonprofit affordable housing provider in the mid-Atlantic, according to a news release from Berkadi[...]
Mack Trucks will expand Roanoke County facility
North Carolina-based Mack Trucks, a division of Sweden-based Volvo Group, will invest $14.5 million to expand its Roanoke County manufacturing operation, a project expected to create 51 jobs, Gov. Glenn Youngkin announced Friday. Mack Trucks, a medium- and heavy-duty trucks producer, will add 72,000 square feet to its current fa[...]
Lighthouse Labs announces spring cohort
Richmond-based Lighthouse Labs’ next accelerator cohort of eight startups will include companies creating products for the real estate and health care industries. The 16th cohort since Lighthouse Labs opened in 2012 will be part of the program from March 4 to May 17. The selected companies are: 3D Orthobiologic Solutions, [...]
Peraton lands $2.8B IT defense contract
Reston-based technology contractor Peraton received a $2.8 billion Special Operations Forces IT Contract (SITEC) 3 Enterprise Operations and Maintenance task order, the contractor announced Wednesday. The task order is to provide IT platform and network services to the U.S. Special Operations Command (USSOCOM), including its component commands, its theater special operations commands, deployed forces, CIO/J6 […][...]
House advances bill to ensure state minimum wage for migrant workers
RICHMOND, Va. — Lawmakers were split over a House bill to guarantee a state minimum wage for thousands of Virginia farm and migrant workers, with debate around the housing costs often included in the wage. Del. Adele McClure, D-Arlington, introduced House Bill 157, which passed the House last month on a party line vote. The [...]
Va. Beach makes economic development head permanent
Charles E. “Chuck” Rigney Sr. has worked in economic development all over Hampton Roads; in Norfolk, Portsmouth and Hampton. Last February, he joined Virginia Beach’s economic development team as a business development administrator and since June 2023, he has been the department’s interim director. Now h[...]
