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Alexandria office building sells for $13.12M; to be converted to condos
An office building in Alexandria that sold for $13.12 million will be converted to condominiums, according to an announcement from Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. Located at 801 N. Fairfax Street, the vacant four-story, 65,971-square-foot building will be converted to a 54-unit comp[...]
Commonwealth Cyber Initiative unveils Technical Advisory Board
The Commonwealth Cyber Initiative (CCI) announced its inaugural Technical Advisory Board. Established in the 2018-2020 state budget, CCI is a state initiative aimed at developing public and private partnerships around developing an ecosystem in Virginia for cybersecurity, autonomous systems and data systems research and develo[...]
Southern National Bancorp names EVP, CFO
Southern National Bancorp of Virginia Inc. and its McLean-based Sonabank subsidiary announced Monday that it has hired Matthew A. Switzer as executive vice president and chief financial officer. He succeeds Jeff Karafa, who will now serve as chief accounting officer. Switzer most recently served as managing director with Stephens Inc. “His experience in our industry […]
Demo work to start this month on Innovation Campus property
Demolition and infrastructure work is set to start this month at the Potomac Yard property where the $1 billion Virginia Tech Innovation Campus is set to be built, developer JBG Smith announced Thursday. Virginia Tech and Chevy Chase, Maryland-based real estate investment, management and development company JBG Smith, which is o[...]
Mass.-based software company acquires Reston care management platform
Burlington, Massachusetts-based HealthEdge Software Inc. announced in late December that it has acquired Reston-based Altruista Health Inc. Financial terms of the acquisition were not disclosed. Founded in 2007, Altruista provides its cloud-based enterprise care management platform, GuidingCare, to approximately health care clients representing more than 16 million members. The platform streamlines management workflows. HealthEdge also [...]
Leidos completes $215M acquisition of 1901 Group
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Thursday it has completed its $215 million cash acquisition of Reston-based information technology services company 1901 Group. The transaction was first announced on Dec. 10, 2020. “The addition of 1901 Group allows us to work together and leverage their impressive capabilities across the enterprise,” Leidos Chairman […][...]
Two Va. contractors win spots on $150M Navy BPA
Arlington-based Leonardo DRS’ Laurel Technologies business and Data Link Solutions, a joint venture between Falls Church-based BAE Systems Inc. and Charlotte, North Carolina-based Collins Aerospace, earned spots on a $150 million Navy blanket purchase agreement. The companies will each manufacture up to 150 electronic equipment cabinets for the Navy and provide logistics, test and program […][...]
Ellucian names chief people officer
Reston-based higher education software company Ellucian announced Wednesday it has named Greg Giangrande as its chief people officer. Giangrande most recently served as a senior adviser at McKinsey & Co., where he worked with clients on enterprise transformation, employee experience, human resources, organizational health [...]
Metro plans station closings during inauguration week
Metro will close 13 stations starting Friday, Jan. 15 and continuing through Thursday, Jan. 21, the days around the Jan. 20 inauguration of President-elect Joe Biden, Washington Metropolitan Area Transit Authority announced Wednesday. Eleven stations — including Arlington Cemetery — will be closed on Friday, and Metro Center and Gallery Place stations will be closed […]
CareerGig buys Charlottesville SaaS company
Arlington-based CareerGig announced Wednesday it has acquired Charlottesville-based software-as-a-service (SaaS) platform Moonlighting. Financial terms of the acquisition were not disclosed. CareerGig is also an SaaS platform that matches freelance and contract workers with employers and offers an insurance marketplace for health, life and disability insurance. Users also have access to education and training opportunities, financial [...]
Northrop Grumman wins $325M Air Force contract
The U.S. Air Force awarded Falls Church-based Northrop Grumman Corp. a $325 million contract to support the Joint Surveillance Target Attack Radar System (Joint STARS). The contract goes toward work on the Total System Support Responsibility (TSSR) program, which will provide program management, engineering technical support, aircrew and maintenance training, supply chain and spares management, […][...]
Accenture Federal Services wins $50M U.S. Patent, Trademark Office contract
Arlington-based Accenture Federal Services (AFS) announced Wednesday it has been awarded a $50 million U.S. Patent and Trademark Office (USPTO) contract to work on the agency’s financial management systems for the Office of the Chief Financial Officer (OCFO). Under the five-year contract, AFS will provide program management, operations and maintenance services to modernize USPTO’s Information […][...]
