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Kingstowne office buildings sell for $13M
Two office buildings in the Kingstowne area of Fairfax County have sold for $12.9 million, Avison Young announced last week. Melrose Solomon Enterprises purchased two office buildings at 5901 Village Parkway and 5695 King Centre Drive from The Halle Cos., based in Maryland. The larger property, 5695 Kings Centre Drive, is three [...]
Wiedefeld announces retirement as Metro CEO
Paul J. Wiedefeld, the general manager and CEO of the Washington Metropolitan Area Transit Authority, plans to retire in six months, the transit authority board chairman announced Tuesday. Wiedefeld was hired in November 2015 to lead the authority, which manages the Metrorail and Metrobus transportation systems in the Washington[...]
Booz Allen secures $74M Navy contract
McLean-based Fortune 500 global management consultant Booz Allen Hamilton Inc. won a potential $74.7 million contract with the U.S. Navy to support the Program Executive Office Unmanned and Small Combatants (PEO USC) mission, the U.S. Department of Defense announced Friday. Under the cost-plus-fixed-fee contract, Booz Allen Hamilton will provide a single program executive for the […]
NoVa’s 2021 home sales surpassed 2020 total
In Northern Virginia, nearly 27,000 homes were sold in 2021, an increase of 17% over 2020’s total and the highest number of sales since 2005, the Northern Virginia Association of Realtors reported this week. “For the year, the NVAR footprint total sales volume was up by more than 23%, reaching almost $19 billion. This is […]
HCA hires new Spotsylvania Regional Medical Center CEO
HCA Virginia has hired Ryan DeWeese to be the new chief executive officer of Spotsylvania Regional Medical Center, effective Feb. 14. DeWeese is currently chief operating officer of HCA Healthcare sister hospital Ocala Health, in Ocala, Florida, where he has been since 2020. But he is no stranger to Virginia. Before his role in [...]
NoVa Chamber and U.Va.’s Sorensen Institute partner to promote civics
The Northern Virginia Chamber of Commerce and the Sorensen Institute for Political Leadership at the University of Virginia’s Weldon Cooper Center for Public Service announced Tuesday their Advancing Civics partnership to encourage collaboration among business and government leaders. The Northern Virginia Chamber wants to prom[...]
Octo acquires Herndon-based B3 Group
Reston-based Octo Consulting Group, backed by Arlington Capital Partners, has acquired Herndon-based health IT company B3 Group Inc. Financial terms of the transaction were not disclosed. B3 modernizes applications using low- or no-code software and platforms such as Microsoft Power Platform. The company also provides data governance, integration and analytics as well as cloud engineering […][...]
Northrop Grumman lands $1.4B Army contract
The U.S. Army has awarded a five-year-contract valued at about $1.4 billion to Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. for low-rate initial production and full-rate production of the Integrated Battle Command System (IBCS). Developed in partnership with Northrop Grumman, IBCS is the centerpiece of the U.S. Army’s modernization strategy for air and […]
Commercial real estate leases across Va.
The following leases were completed between Dec. 14, 2021, and Jan. 10: Central Virginia Matt Gentry Agency renewed 1,151 square feet at 8401 Patterson Ave. in Richmond. Catherine Walker of Colliers Virginia handled the transaction on behalf of the landlord. American Pest Management leased 5,007 square feet at 1750 E Parham Road in Richmond. Joe […]
Six-building portfolio in Manassas sells for $45M
A six-building portfolio, comprising 212,000 square feet of warehouse and flex space in Manassas, has been sold by Bethesda, Maryland-based Finmarc Management to The Davis Companies and David Holdings JV for $45.58 million, Finmarc Management Inc. announced Jan. 5. The buildings are located at 7345, 7663 and 7795 Coppermine Driv[...]
Mars sits out Super Bowl 2022
Mars Wrigley, the line of confectionary brands owned by McLean-based Mars Inc., will not have ads in this year’s Super Bowl LVI, the first year the candy company has missed since 2010. A spokeswoman confirmed the move, first reported by Ad Age, to Virginia Business in a statement. “Mars Wrigley will not have an ad [&[...]
Peraton wins $343M TSA contract
Federal contractor Peraton Inc. won an up to $342.76 million task order with the U.S. Transportation Security Administration on Dec. 13, 2021. Peraton subsidiary Perspecta Enterprise Solutions LLC, acquired in May 2021, won the IT Management, Performance Analysis and Collaborative Technologies (IMPACT) II contract. Reston-based [...]
