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UVA Community Health names interim CEO
Erik Shannon will become the interim CEO of University of Virginia Community Health on Nov. 5, the network announced Thursday. UVA Community Health is a network of outpatient services across Culpeper and Northern Virginia, with UVA Culpeper Medical Center, UVA Haymarket Medical Center and UVA Prince William Medical Center. Shannon was most recently a partner […]
Arlington agriculture nonprofit names first president and CEO
Arlington-based sustainability agriculture nonprofit Leading Harvest announced Friday that it has named Kenny Fahey as its first president and CEO. Fahey, who works remotely from Seattle, has been Leading Harvest’s executive director since its launch 18 months ago. He has enrolled more than 1.3 million acres across 29 stat[...]
Amentum to acquire PAE for $1.9B
Falls Church-based government contractor PAE Inc. (Pacific Architects and Engineers) has agreed to be acquired by an affiliate of Germantown, Maryland, aerospace defense contractor Amentum in a $1.9 billion all-cash deal. The transaction is expected to close by the end of the first quarter of 2022, at which time PAE will become a wholly owned […]
‘Frenzied’ housing market is normalizing
The residential real estate market frenzy in Virginia may be slowing to more normal conditions, the chief economist with Virginia Realtors said in a new report out this week. For the first time in more than a year, sales activity slowed in September, compared with a year ago. Last month, there were 13,079 home sales […]
Mac Curtis joins Blue Delta Capital Partners as venture fellow
Mac Curtis, the former chairman, president and CEO of Perspecta Inc., has joined McLean-based government services equity firm Blue Delta Capital Partners as a venture fellow. Herndon-based national security contractor Peraton Inc. acquired Chantilly-based federal IT contractor Perspecta in May for $7.1 billion. Curtis took Persp[...]
Chesapeake Bank donates $100k to Rappahannock hospital
Chesapeake Bank has pledged $100,000 toward building a new emergency department at Bon Secours Rappahannock General Hospital in Kilmarnock, the bank announced Wednesday. “As a community bank with several offices on the Northern Neck, Chesapeake Bank is proud to support the campaign for Rappahannock General Hospital,” Jeffrey Szyperski, CEO and President of Chesapeake Bank said […]
Va. hotel revenues remain below 2019 levels
Virginia hotel revenues for September decreased by 21% compared with pre-pandemic levels in September 2019, according to newly released data from STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 6%. The average daily rate (ADR) paid for hotel rooms […]
Intact Technology to expand Fairfax HQ
Fairfax-based IT consulting firm Intact Technology will expand its headquarters, Gov. Ralph Northam announced Tuesday. The expansion will create more than 40 jobs, and Intact will invest at least $700,000, the governor’s office said. Virginia competed against Maryland for the project. In 2020, Intact relocated its headquarters from Greenbelt, Maryland, to Reston. The company was […]
Guidehouse acquires McLean tech company
Tysons-based consulting company Guidehouse completed its acquisition of McLean-based Dovel Technologies Inc., the company announced Monday. Financial terms of the transaction, which was announced in September, were not disclosed. “With the Dovel acquisition now complete, we are thrilled to join forces and welcome our new colleagues to Guidehouse as we combine our technology-first business models […][...]
Third quarter strong for Va. CRE market, Realtors group says
Virginia’s commercial real estate market showed signs of strength in the third quarter, according to a report released Monday by Virginia Realtors. Office markets in Northern Virginia, Richmond and Hampton Roads have been more resilient than smaller markets, with a key factor being the strength of the high-end Class-A office space market. It‘s in demand […]
Manassas shopping center sells for $19.45M
The Portsmouth Station Shopping Center in Manassas has sold for $19.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The 147,305-square-foot shopping center is 78% leased to 20 tenants and anchored by Regency Furniture and Aldi. The property has two multitenant buildings and a corpo[...]
Mitre promotes two as CTO and CFO
McLean- and Bedford, Massachusetts-based The Mitre Corp. promoted two long-time executives to chief medical and technology officer and chief financial officer, the company announced Oct. 5. Jay Schnitzer is now senior vice president, chief medical and technology officer and Wilson Wang is now senior vice president, CFO. Schnitze[...]
