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Work to begin next year on GMU’s $168M Arlington campus expansion
Move over, Silicon Valley. Northern Virginia is poised to become the next super hub for tech talent. The charge is being led in part by George Mason University, which is bringing together a diverse community of digital innovators at its growing Arlington campus. The university is tearing down an old building and replacing it wit[...]
Cavalier Resort takes shape in Virginia Beach
In 1975, Bruce Thompson was the night watchman and grass cutter at Virginia Beach’s Cavalier Hotel. Today, he’s transforming the hotel and its 21 surrounding acres into a major mid-Atlantic resort. Built in 1927, the Cavalier at various times hosted luminaries like F. Scott Fitzgerald, Muhammad Ali and every president from H[...]
Harrisonburg’s first-ever downtown master plan in progress
Kirsten Moore opened Magpie Diner in downtown Harrisonburg in August 2020. Despite pandemic dining restrictions, she’s regularly had customers willing to wait up to two hours for a table on weekends. As a nearly lifelong Harrisonburg resident, Moore says that level of activity — especially along downtown’s newly developing[...]
VW named to Time magazine’s 100 Most Influential Companies list
Volkswagen Group, with its North American operations based in Herndon, was named this week to Time magazine’s inaugural 100 Most Influential Companies list, receiving accolades for its move into electric automobiles. The German automotive corporation has set aside $54 billion for electrified vehicles over the next five years, with plans for six new battery factories and […]
Modine expands Va. footprint, will invest $7M in Rockbridge County
Modine Manufacturing Co. will invest $7 million to convert its Rockbridge County warehouse into a manufacturing plant that will produce data center cooling solutions, creating 60 jobs, Gov. Ralph Northam announced Thursday. Headquartered in Wisconsin, Modine specializes in building thermal management systems and components and saw $2 billion in revenue last year. Modine has had […]
Hampton Roads multifamily portfolio sells for undisclosed amount
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921 […]
UVA Health taps chief ambulatory operations officer
UVA Health has named John C. Bennett its new chief ambulatory operations officer, overseeing all UVA Health clinical outpatient operations effective July 1. Bennett comes from PeaceHealth, a nonprofit health care system with facilities in Alaska, Oregon and Washington, where he was chief executive of ambulatory services. “UVA [...]
New president and CEO of Towne Financial Services Group named
Brian K. Skinner has been named president and CEO of Towne Financial Services Group, which includes all financial divisions of Suffolk-based TowneBank other than the bank itself. Skinner, currently the company’s chief banking officer, starts his new role effective May 1, TowneBank announced Thursday. His new duties include[...]
Traeger Grills plans $3M facility in Wythe County
Traeger Grills, manufacturer of the world’s top-selling wood pellet grill and signature hardwood pellets product, plans to build a $3 million manufacturing operation in Wythe County, Gov. Ralph Northam announced Wednesday. The company plans to purchase wood products exclusively sourced from Virginia and create 15 jobs in Wythe, the governor’s office said. Salt Lake City, […]
Sentara Healthcare named one of top 5 U.S. large health systems
Norfolk-based Sentara Healthcare was named one of the top five large U.S. health systems in an annual ranking by Fortune and IBM Watson Health released Tuesday. Sentara landed in fifth place, receiving five stars for clinical outcomes and operation efficiency and three stars for patient experience. This is the second year Sentar[...]
Ashburn-based CIS acquired by Indiana private equity firm
On April 20, Indianapolis-based private equity firm Hammond, Kennedy, Whitney & Co. Inc. (HKW) announced that it had acquired Ashburn-based technology company CIS Secure Computing Inc. (CIS) from Oklahoma City-based Acorn Growth Cos. LLC. The financial terms of the transaction were not disclosed. CIS is a provider of secure and customized communications technologies that help […]
SAIC plans to purchase Seattle AI company
Reston-based Fortune 500 government and defense contractor Science Applications International Corp. (SAIC) plans to acquire Koverse, a Seattle data management company focused on artificial intelligence, SAIC announced Monday. The companies have entered into a definitive agreement, and financial terms of the deal were not disclos[...]
