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Virginia sees major housing inventory shortage
Across Virginia and the nation, real estate experts are singing the same tune: We’re facing a major housing inventory shortage that shows no signs of letting up soon. “Inventory is down about 44% compared to a year ago and it’s about a third of what it was five years ago,” says Lisa Sturtevant, chief economist […]
Loudoun announces major mixed-use development along Silver Line
Loudoun Economic Development unveiled plans Wednesday for Rivana at Innovation Station, a 4.4 million-square-foot mixed-use development adjacent to Metro’s Silver Line extension on a site Loudoun once proposed for Amazon.com Inc.’s HQ2 East Coast headquarters. Rivana is the first phase of Innovation Station, a 103-ac[...]
Reston-based SOC Telemed buys Texas telehealth practice for $194M
Reston-based SOC Telemed Inc. announced this week it has purchased Texas-based medical practice Access Physicians for $194 million in cash and stocks. The acquisition will create the largest acute care telemedicine provider in the United States. According to SOC Telemed, the combined company is estimated to have earned $107 million to $113 million in pro […]
Ashburn-based Telos Corp. names new vice president
Ashburn-based cybersecurity firm Telos Corp. has hired Troy M. Bertram as vice president to lead its global enterprise sales teams across state and local governments, education, regulated industries and commercial business verticals, it recently announced. The company cited Bertram’s more than 25 years of experience in governm[...]
Prince William chamber taps new COO
The Prince William Chamber of Commerce has promoted Ross W. Snare IV to chief operating officer, effective April 1. Snare started with the Manassas-based business chamber in April 2018 as director of communications and government relations. He became senior director of operations and government affairs two years later. The chamb[...]
Amazon’s Helix gets green thumbs-up
What is now a quiet, achromatic area of Arlington, the National Landing neighborhood in a few years’ time will be a bustling urban area with distinctive office buildings and large green spaces open to the public. In early February, Amazon.com Inc. released plans for its 2.8-million-square-foot redevelopment of the PenPlace blo[...]
Dark fiber optic network coming to NoVa
A new 680-mile, regional fiber optic network will begin to take shape in Northern Virginia during the second half of 2021. The project is a joint venture between Annandale-based Tenebris Fiber, Kansas-based Diode Ventures and New York-based JLC Infrastructure. Construction on the new dark fiber network will begin later this year, the companies said, starting […]
Va. finalizes $3.7B rail expansion agreement
Virginia will have more train service in the next decade, as Gov. Ralph Northam announced Tuesday the formalization of a $3.7 billion rail expansion package in Virginia, the tenets of which were announced in late 2019. The state signed agreements with Amtrak, CSX and Virginia Railway Express at a ceremony Tuesday. According to t[...]
Volkswagen Group of America pulls ‘shocking’ April Fools’ prank
Calling it a “public declaration” of its priority on electric vehicles, Herndon-based Volkswagen Group of America Inc. unveiled a new company name, Voltswagen of America, accompanied by new branding, in a news release Tuesday. There was just one problem — the U.S. sales arm of the German automaker confirmed to news outlets Tuesday evening that […]
Tuition-free program for eligible community college students becomes law
Legislation creating a tuition-free community college program in Virginia became law Monday, as Gov. Ralph Northam held a bill signing ceremony at Northern Virginia Community College for the “Get Skilled, Get a Job, Give Back” program, one of his signature initiatives. Known as G3, the program provides funding for tu[...]
IFS purchases Axios Systems
Global enterprise software company IFS announced last week that it had agreed to buy Axios Systems PLC, a Scottish IT company whose North American headquarters is located in Herndon. Terms of the acquisition, expected to be complete in the second quarter, were undisclosed. IFS said March 22 that its acquisition of Axios, which provides cloud-based […]
Accenture Federal Services lands $453M VA contract
Arlington-based Accenture Federal Services has won a $453 million contract from the U.S. Department of Veterans Affairs to modernize and improve G.I. Bill claims processing for veterans, service members and their families, announced March 29. The seven-month contract, which includes nine one-year options, is part of legislation intended to improve the speed and accuracy of […]
