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Cortland to invest $1B in Arlington apartments
Cortland, an Atlanta-based multifamily real estate investment, development and management company, will invest $1 billion in four Arlington apartment communities totaling more than 1,500 units, marking the company’s reentry into the metro Washington, D.C., market. The four properties include the 331-unit Aubrey apartment b[...]
UVA Community Credit Union has new president, CEO
UVA Community Credit Union has named Susan M. Gruber as its next president and CEO. Gruber previously served as executive vice president and chief financial officer of Dublin, California-based Patelco Credit Union since 2014, according to a news release. She has also worked as CFO and senior vice president at Jeanne D’Arc Cre[...]
Bioscience firm to create 70 jobs in Prince William
Manassas-based Virongy Biosciences Inc. will invest $471,000 to expand in Prince William County, creating 70 jobs, Gov. Glenn Youngkin announced Tuesday. The company relocated within Prince William County in February, moving from a roughly 600-square-foot space to about 2,000 square feet in the Northern Virginia Bioscience Center. It plans to develop diagnostic technologies to monitor […]
Reston-based LookingGlass acquires Next5
Reston-based cyber intelligence firm LookingGlass Cyber Solutions Inc. will acquire Washington, D.C.-based technology consulting firm Next5, the company announced May 11. As part of the acquisition, Next5 CEO and founder Bryan Ware was named CEO of LookingGlass. He is replacing Gilman Louie as CEO, who has moved to the role of e[...]
Four Va. businesses to receive flood solutions funding
Four Virginia-based small businesses focused on coastal resiliency and flooding will receive funding to develop their products, Norfolk-based nonprofit RISE Resilience Innovations announced Thursday. Divided between rural and urban projects, there were eight winning projects, with the other four based in North Carolina. More tha[...]
Tegna shareholders approve $5.4B sale to hedge fund
Tysons-based broadcast and digital media giant Tegna Inc.’s shareholders approved an agreement at a special meeting Tuesday for the sale of the company to an affiliate of New York hedge fund Standard General. On Feb. 22, Tegna announced it would be acquired in a $5.4 billion cash deal by an affiliate of Standard General LP[...]
Va. Tech names 2 engineering department heads
Two departments in Virginia Tech’s College of Engineering will have new leaders beginning this summer, the university announced this week. Suneel Kodambaka has been named head of the Department of Materials Science and Engineering and will start July 1, and Ella Atkins will be head of the Kevin T. Crofton Department of Aer[...]
Metro CEO, COO resign, effective immediately
Paul J. Wiedefeld, general manager and CEO of the Washington Metropolitan Area Transit Authority, is stepping aside, effective immediately instead of June 30, as he had planned, according to a statement he released Monday night. “I have decided to make my retirement effective today to provide a more timely transition to Interi[...]
Carlyle Group to acquire ManTech for $4.2B
Herndon-based ManTech International Corp. has entered into a definitive agreement to be acquired by The Carlyle Group for approximately $4.2 billion, the tech contractor announced Monday. In the all-cash transaction, ManTech shareholders will receive $96 per share in cash, a 32% premium to ManTech’s closing share price of $72.[...]
Ferguson parent company moves primary listing to NYSE
The U.K.-based parent company of Newport News plumbing, HVAC and industrial product distributor Ferguson Enterprises LLC has transferred its primary stock listing from the London Stock Exchange to the New York Stock Exchange, Ferguson PLC announced Thursday. “We are excited to achieve this key milestone as our listing structur[...]
Chesapeake office park sells for $5.7M
Poplar Hill Medical Center, a four-building medical office park in Chesapeake, has sold for $5.7 million, Divaris Real Estate Inc. announced Thursday. Texas-based real estate fund manager Woodside purchased the park in December 2020 and sold it to Charlottesville-based Seminole Trail Properties in a deal that closed May 6. When [...]
Va. Beach’s Frank Lloyd Wright house is for sale
A Virginia Beach house designed by famed architect Frank Lloyd Wright is back on the market for just under $3 million. The 3,020-square-foot home at the city’s North End, on Crystal Lake, was designed in 1953 for Andrew and Maude Cooke and completed in 1959. Maude Cooke wrote a letter to Wright seeking a design […]
