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Northern Va. Big Deal: Safari in Spotsy
A high school marching band, a giant seafood boil and an enthusiastic crowd of about 200 people helped celebrate the Oct. 20, 2023, groundbreaking for the $900 million, 1.38 million-square-foot Kalahari Resort in Spotsylvania County. The fifth African-themed resort from the privately owned, Wisconsin-based Kalahari Resorts &[...]
Virginia 500 Spotlight: ANEESH CHOPRA
FIRST JOB: Bellhop at a Ramada Inn outside of Princeton, New Jersey MOST VALUED POSSESSION: My wedding ring HOW I UNWIND FROM WORK: Playing tag with the kids in the backyard HOW I CHOSE MY CAREER: I was inspired by President Clinton to solve national problems through better use of technology. HOW I BALANCE MY […]
Northern Va. Year-in-Review: Back to the cookie jar
Data centers continued to dominate, define and, in some cases, shape the arc of Northern Virginia’s 2023 economic story. Amazon Web Services cleared its hurdle in Stafford County, and although Prince William County’s controversial Digital Gateway project faced major public backlash, supervisors ultimately voted to ap[...]
Amentum secures $591.6M Navy contract
Chantilly-based federal contractor Amentum Services has won a $591.6 million contract from the U.S. Naval Sea Systems Command (NAVSEA) to support eligible allied naval forces, the company announced Tuesday. Under the contract from the NAVSEA International Fleet Support Program Office, Amentum will provide life-cycle support and [...]
GMU report: Arena project would produce 5,400+ affordable housing units
Updated Feb. 22, 2024 A study conducted by George Mason University’s Center for Regional Analysis found that the proposed $2 billion Alexandria sports arena and entertainment district supported by Gov. Glenn Youngkin would create more than 5,400 workforce-affordable housing units, far exceeding the city’s goals. The [...]
Navy Federal Credit Union CEO McDuffie to retire
Mary McDuffie, president and CEO of Vienna-based Navy Federal Credit Union, the nation’s largest credit union with $168.4 billion in assets and more than 13 million members, is retiring as of the end of February, and Chief Operating Officer Dietrich Kuhlmann will succeed her starting March 1, the credit union announced Wed[...]
Va. unions oppose Alexandria arena, but governor sticks by it
The AFL-CIO’s Virginia member unions announced Tuesday that they oppose the proposed Alexandria arena for the Washington Capitols and Wizards teams and a surrounding entertainment district. The $2 billion deal has been promoted by Gov. Glenn Youngkin and some City of Alexandria officials, while receiving significant pushba[...]
BAE Systems closes $5.6B acquisition of Ball Aerospace
Falls Church-based BAE Systems Inc., the U.S. arm of the British defense giant BAE Systems, has completed its $5.6 billion acquisition of Colorado-based Ball Aerospace from Ball Corp. BAE Systems announced Feb. 14 it earned the necessary regulatory approvals and followed that with a Feb. 16 announcement of the deal’s compl[...]
Leidos wins $143M DIA contract
Reston-based Leidos won a contract worth an estimated $143 million from the Defense Intelligence Agency, the Fortune 500 contractor announced Thursday. Under the single award, indefinite delivery, indefinite quantity contract from DIA’s Science and Technology Directorate, Leidos will design and implement a tasking, collect[...]
Capital One to buy Discover in $35.3B deal
UPDATED 8:35 P.M. Feb. 19 McLean-based Capital One Financial is buying Discover Financial Services for $35.3 billion in an all-stock deal that marks Capital One’s largest ever acquisition, the two credit card giants announced Monday evening. Under the terms of the acquisition agreement, Discover shareholders will receive 1[...]
NoVa, Hampton Roads housing markets show positive signs
The Northern Virginia and Hampton Roads housing markets showed encouraging signs in January, despite the seasonal slowdown. Northern Virginia In Northern Virginia, January closed home sales dipped 0.9% from January 2023, with 771 units sold last month, according to the Northern Virginia Association of Realtors. Homes sold faster[...]
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[...]
