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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[...]
Pittsylvania truck sales company plans $5.2M expansion
Chatham-based J&J Truck Sales Inc. will build a 45,000-square-foot facility off U.S. Highway 29 in Pittsylvania County, Gov. Ralph Northam announced Monday. The $5.2 million project, adjacent to the company’s existing operation, is expected to create 27 jobs and increase its ability to repair, refurbish and fabricate automotive-based equipment. Virginia beat South Carolina for the […]
Super Radiator Coils announces $9M expansion in Chesterfield
Super Radiator Coils will hold a shovel ceremony April 12 to mark the third expansion of its manufacturing facility in northern Chesterfield County — a $9 million project that will add 56,000 square feet and up to 50 jobs, according to a company announcement Monday. The company employs around 210 people at its plant on [&helli[...]
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 […]
BAE Systems hires general manager for Radford Army Ammunition Plant
Arlington-based defense contractor BAE Systems Inc. has hired Kirk Johnson as general manager of the Radford Army Ammunition Plant, effective March 29. Johnson comes to the position with seven years of experience at Lubrizol Corp., a Berkshire Hathaway specialty chemicals company, where he served as managing director for specialty and industrial additives and then as […]
$68M Mosaic apartment tower coming to Chesapeake’s Summit Pointe
Construction will begin April 1 on Mosaic, a $68 million, six-floor mixed-use tower coming to Chesapeake’s Summit Pointe development, according to a March 25 announcement from Summit Pointe Realty LLC. Mosaic is a continuation of the second phase of the Summit Pointe mixed-use development, which is located on 69 acres in Chesapeake’s Central Business District. […]
Construction begins on residential towers in National Landing
Developer JBG Smith announced Friday that it has begun construction on two residential towers at 1900 Crystal Drive in National Landing. The development will include 808 apartments and approximately 40,000 square feet of street-level retail across from two new mixed-use buildings. The 27-story southern tower will include 471 apa[...]
Chesapeake office building sells for $1.25M
PNSC LLC purchased a 7,500-square-foot office building at 501 Baylor Court in Chesapeake for $1.25 million, Cushman & Wakefield | Thalhimer announce on March 22. PNSC purchased the building from BCGMR LLC as an investment. The purchaser plans to renovate a portion of the building and locate Progressive Neurology and Sleep Ce[...]
Capital Square buys Chesapeake apartment complex for $67.25M
Henrico County-based real estate investment company Capital Square has acquired Streets of Greenbrier apartments in Chesapeake for $67.25 million. Located at 929 Wintercress Way, the 280-unit multifamily community sits on 13.78 acres. Constructed in 2013, the community consists of nine residential buildings and includes studio, [...]
