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Huntington Ingalls Industries wins $273M Navy contract
Newport News-based Huntington Ingalls Industries’ Technical Solutions division won a $273 million contract with the U.S. Navy to support its carrier engineering maintenance assist team, surface engineering maintenance assist team for West Coast surface ships and other maintenance programs, it announced Tuesday. “Continuous m[...]
Bloomberg Industry Group acquires tax software company
Arlington-based Bloomberg Industry Group has acquired Minneapolis-based Tax Prodigy for its Bloomberg Tax & Accounting division, it announced last Tuesday. Financial details of the transaction were not disclosed. Tax Prodigy will be absorbed into Bloomberg and will not function as a subsidiary. “On behalf of Tax Prodigy’s founders and owners, we are excited to be […]
Arlington’s Evolent Health to acquire N.J. telehealth company
Arlington-based Evolent Health Inc. has entered into a definitive agreement to acquire telehealth company Vital Decisions for $85 million, with a potential earnout of up to $45 million, Evolent announced Wednesday. Based in Edison, New Jersey, and founded in 2006, Vital Decisions is a portfolio company of WindRose Health Investors LLC, a New York-based private […]
Winchester manufacturer to build $1.25 million plant expansion
Winchester-based Evolve Manufacturing will invest $1.25 million to enlarge its plant in Frederick County, creating 84 jobs, Gov. Ralph Northam announced Friday. The company will add a second production line, triple its facility space and increase production for its major customers, including Home Depot, according to a news release. “Evolve … is a key employer […]
Danville Pittsylvania County Chamber of Commerce announces leadership class
The Danville Pittsylvania County Chamber of Commerce announced this week the selection of its 2021-2022 Leadership Southside class. Leadership Southside is a nine-month program that introduces participants to the Dan River Region and offers skill building, leadership development and networking building, according to a news relea[...]
30 acres in Chesapeake sells for $3.65 million
Approximately 27.48 acres of industrial-zoned land along the Southern Branch Elizabeth River in Chesapeake sold for $3.65 million, Cushman & Wakefield | Thalhimer announced Wednesday. Agrium U.S. Inc. sold the land, located at 700 Weaver Lane, to Waterway Properties LLC. William C. Throne, a certified commercial investment member, and Robert L. Phillips Jr., both members […]
Harbour View Shoppes property sells for $6.8M
Harbour View Shoppes in Suffolk sold for $6.8 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced Wednesday. The fully leased retail center, located at 5883-5889 Harbour View Blvd., is anchored by Verizon and Starbucks Corp. stores. It sits on 2.63 acres near Interstate 664. A family trust based in North[...]
Norfolk software company to expand, create 37 jobs
A Norfolk-based software company will expand its operation and create 37 jobs, Gov. Ralph Northam announced Thursday. SVT Robotics, a company that accelerates the deployment of industrial robotics, will invest $101,400 to expand in the Ghent area of Norfolk. The company will build a lab to house robotic equipment used to demonst[...]
Williamsburg industrial building sells for $3.47M
The Endeavor Center industrial and distribution building in Williamsburg sold for $3.47 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 70,000-square-foot building, located at 1709 Endeavor Drive in the James River Commerce Center, is a multi-tenant building that sits on 5.61 acres. CTPS LLC bought the buildi[...]
Va. Beach Naval Air Station to allow private development
About 400 acres of underutilized land at Naval Air Station Oceana in Virginia Beach could be leased for private development, according to a new agreement between the Navy and the city of Virginia Beach. The agreement was signed Thursday. The concept, known as Future Base Design, would mean that the land would be leased to [&hell[...]
Richmond mandates vaccinations for city employees
Richmond Mayor Levar Stoney announced Wednesday that all city employees will be required to be vaccinated against COVID-19, becoming the first Virginia locality to mandate vaccination. Fairfax County has taken steps in recent weeks toward a vaccination mandate for its 12,000 employees, but the county executive must make the fina[...]
McLean-based IntelliBridge LLC acquires Arlington’s U. Group
McLean-based tech contractor IntelliBridge LLC has acquired Arlington-based technology solutions firm U.Group, the company announced Tuesday. Financial details of the transaction were not disclosed. “U.Group’s team of creative and innovative technology experts solidifies our position in the digital solutions marketplace,R[...]
