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December 2020 People
Eastern Virginia Stephen Edwards, a Los Angeles-based CEO with more than two decades of maritime industry experience, will be the Virginia Port Authority‘s new CEO and executive director. A U.K. native, Edwards is currently president and CEO of TraPac LLC, which operates container terminals in the ports of Los Angeles and Oakland, California. He replaces John […]
Va. Tech ups connectivity with broadband block buy
In an effort to literally expand Virginia Tech’s research bandwidth, the Virginia Tech Foundation bought eight blocks of Citizens Broadband Radio Service (CBRS) in the Federal Communications Commission’s auction this summer. As owner of priority access licenses (PALs) for four 10MHz blocks in Montgomery County and fo[...]
New community bank set to open in Va. Beach
For all Mike Ives’ experience in banking, he was perplexed by a word that potential investors and clients kept mentioning during a feasibility study for the bank he wanted to form: “menu.” “I’d not heard the word ‘menu’ used before regarding banking,” says Ives, explaining that some larger banks give [...]
After 30 years, The Free Clinic will shut its doors
Harrisonburg’s The Free Clinic will go out of business at the end of December after providing medical care to low-income, uninsured adults for more than 30 years. “We’ve taken care of patients. We’ve made our community a healthier place, and we’re happy about that,” says Joshua Hale, president of the [...]
Amherst aims to redevelop training center campus
Amherst County regional stakeholders are drafting a plan to improve the campus of the former Central Virginia Training Center to attract potential developers. The state-owned facility, which housed Virginians with disabilities for more than a century, shut down this year in accordance with a 2012 agreement between the state and [...]
Pandemic puts Martinsville Speedway on slower track
Over Halloween weekend, Martinsville Speedway welcomed fans back to NASCAR Cup Series races for the first time since the pandemic began. However, occupancy was limited to 1,000 people for a race series that normally attracts more than 40,000 fans. And for some area businesses that depend on race fan dollars, the limited-attendan[...]
Fairfax indoor ski resort plan may spur economic flurry
Vail. Breckenridge. Aspen. Fairfax? You read that right. Skiers — someday — could swoosh over fresh powder at an indoor ski resort if everything falls into place for a proposed public-private partnership project on portions of the I-95 Landfill Complex in Lorton. Fairfax Peak, as the project is known, would feature a 450,000[...]
Catholic Diocese of Arlington announces new virtual school principal
The Catholic Diocese of Arlington’s Office of Catholic Schools announced Monday that Kristie Meyers has been hired as the principal of St. Isidore of Seville Catholic Virtual School, a new virtual K-8 school that opened this fall. She will start her position on Jan. 4. With more than 20 years of educational experience, M[...]
Two Va. companies land spots on $496M Washington Headquarters Service contract
Arlington-based Washington Headquarters Service awarded two Virginia companies spots on a potential five-year, $496 million contract to support the Office of the Under Secretary of Defense for Research and Engineering, the U.S. Department of Defense announced Thursday. Chantilly-based engineering and tech contractor American Systems Corp. and Alexandria-based Modern Technology Solutions Inc. (along with Albuquerque, New […][...]
Chesapeake Family Dollar property sells for $1.78M
A Family Dollar store property in Chesapeake sold for $1.78 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 3736 Ahoy Drive, the 8,320-square-foot retail property was net leased to Family Dollar. TRC Chesapeake sold the property, which it bought in July 2019, according to C[...]
Commercial real estate lease roundup
Northern Virginia L3Harris Technologies Inc. renewed its lease of 6,357 square feet of office space at 17021 Combs Drive in King George County. Chris Russotti and Jamie A. Scully of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord. Floors by Design leased 9,900 square feet of industrial space at […]
Raytheon Intelligence & Space to acquire Colo.-based satellite provider
Arlington-based aerospace and defense contractor Raytheon Intelligence & Space announced Tuesday it has signed a definitive agreement to acquire Lafayette, Colorado-based Blue Canyon Technologies, a provider of small satellites and spacecraft systems components. Financial terms of the deal were not disclosed. Founded in 2008, Blue Canyon Technologies currently has more than 90 satellites in production […][...]
