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SW Va. aims to attract data centers via regional tax pact
As part of an effort to entice data centers to locate in the region, Southwest Virginia leaders announced Tuesday a joint agreement to set what will be Virginia’s lowest regional property tax rate on data center equipment. The localities comprising the Lonesome Pine Regional Industrial Facilities Authority — Dickenson, Lee, [...]
Richmond council clears way for $325M VCU Health project
Richmond City Council approved the sale of the city’s Public Safety Building on Monday, clearing the way for a $325 million VCU Health System medical office tower and multi-use project downtown. Council members unanimously approved the 3-acre property’s $3.5 million sale to Capital City Partners LLC, a collaboration [...]
Altamira Technologies names new CEO
McLean-based Altamira Technologies Corp. announced Friday it has hired Jane Chappell as its new CEO. Chappell most recently worked for Raytheon Corp. as vice president of its global intelligence solutions mission area of its intelligence, information and services business. She succeeds retiring Altamira CEO Ted Davies. “Jane[...]
Leonardo DRS files IPO registration
The Italian federal defense contractor Leonardo announced Friday it has filed a registration statement with the Securities and Exchange Commission for an planned initial public offering (IPO) of its U.S. subsidiary, Arlington-based Leonardo DRS. The $2.54 billion IPO could take place in March, according to reports from Reuters. Leonardo did not release the official amount […]
Roanoke Valley office occupancy increases by 1%
The Roanoke Valley office market saw a 1% increase in office occupancy in 2020, ending the year with an 88% occupancy rate, according to Poe & Cronk Real Estate Group’s 34th Annual Office Market Survey. These figures are a promising sign “in one of the most challenging years in recent memory,” Poe & Cronk states, […]
Petersburg apartments sell for $2.9M
Landmark Apartments, a 53-unit affordable housing property in Petersburg, has been purchased by Mercer Street Partners for $2.867 million. Landmark, located at 450 Van Buren Drive, was originally developed in 1983 using the U.S. Department of Housing Development’s (HUD) Project-Based Section 8 program for subsidized housing. The buyer, Mercer Street Partners, acquired the property subject […][...]
Maximus acquires Attain fed biz for $430M
Reston-based government services company Maximus announced Monday it has acquired the federal division of McLean-based Attain LLC for $430 million. With more than 30,000 employees worldwide and $2.8 billion in 2019 revenues, Maximus promotes itself as the nation’s largest Medicaid enrollment administrator. The company was founded in 1975 and provides business process management and technology […][...]
$8.5M parcel in Spotsylvania to be used for Veterans Affairs clinic
Nearly 50 acres of land along Route 1 and Interstate 95 in Spotsylvania County has sold for $8.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The 48.75-acre parcel will be used to develop one of the nation’s largest Veterans Affairs facilities, according to Cushman & Wakefield | Thalhimer. Carneg[...]
NetImpact Strategies names new CEO
Falls Church-based federal contractor NetImpact Strategies Inc. has named former Unisys Federal President Venkatapathi “PV” Puvvada as its CEO, the company announced Tuesday. Puvvada will succeed NetImpact founder Kavita Kalatur, who will remain chairperson, providing oversight and supporting NetImpact’s strategic initiatives. “PV brings the experience, capabilities and relationships critical to our next era. I have […][...]
SAIC hires senior VP of artificial intelligence
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) has hired Michael Scruggs as senior vice president of artificial intelligence, effective immediately. “In this newly created role, Scruggs will be responsible for driving organic growth through AI technology delivery and solutions development,” SAIC said in a statement. “He will broaden SAIC’s portfolio of AI […][...]
Va. GOP to hold May 8 “drive-in” convention, possibly in Lynchburg
After months of discussion and indecision, the Republican Party of Virginia’s State Central Committee elected Tuesday night to hold a May 8 “drive-in” convention — possibly around Liberty University in Lynchburg — to choose its 2021 statewide nominees for governor, attorney general and lieutenant governor. The state GOP committee conducted a three-hour, occasionally contentious public […][...]
MicroStrategy buys $1B+ in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it has purchased $1.026 billion of additional bitcoin, its largest single bitcoin purchase since it began acquiring the cryptocurrency last August. With this latest transaction, MicroStrategy’s total bitcoin holdings are worth approximately [...]
