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Regions

Jul 28, 2020

VA awards Arlington tech company $153M contract

The U.S. Department of Veterans Affairs (VA) awarded Arlington-based federal technology contractor CACI International Inc. a six-year contract worth up to $153 million to modernize the department’s legacy financial management system, the VA announced Monday. The VA received three bids for the contract, which was awarded through the General Services Administration’s Information Technology Schedule 70. […][...]

Jeff Harman
Jul 28, 2020

Atlanta firm acquires Reston telecommunications company

Atlanta-based investment company Battle Investment Group has acquired Reston-based telecommunications company Oceus Networks, the company announced Tuesday.  A transaction amount was not disclosed.  As part of the acquisition, former Oceus Networks CEO Jeff Harman will be promoted to president. Brad Antle, the former CEO of Fa[...]

Jul 27, 2020

OneWeb co-acquired by Maryland-based Hughes

Germantown, Maryland-based Hughes Network Systems LLC has joined a coalition with the United Kingdom government and Bharti Enterprises Ltd. of India to acquire London-based OneWeb, which has its U.S. headquarters in McLean, out of bankruptcy. Hughes invested $50 million in the coalition to acquire OneWeb, which has plans to launch a constellation of 650 low […]

Jul 27, 2020

Trustify CEO charged with defrauding investors

Daniel Boice, CEO and founder of Arlington-based tech startup Trustify Inc., was charged by federal prosecutors Monday with fraud and money laundering charges related to a scheme to defraud investors of $18.5 million. In a parallel action, the Securities and Exchange Commission also charged Trustify Inc. and Boice with violating the antifraud provisions of the […]

Michelle Rogers. Photo courtesy Virginia’s Gateway Region
Jul 27, 2020

Virginia’s Gateway Region, Community College Workforce Alliance hire workforce development director

Virginia’s Gateway Region (VGR) and the Community College Workforce Alliance (CCWA) announced Monday that Michelle Rogers has been hired for the new joint position of director of workforce development, effective July 6. This is the first time that a regional economic development organization and a community college have pa[...]

2310 Tower Place. Photo courtesy Cushman & Wakefield | Thalhimer
Jul 24, 2020

Hampton office building sells for $1.325M

An office building in Hampton has sold for $1.325 million, Cushman & Wakefield | Thalhimer announced Monday.  Located at 2310 Tower Place, the 13,500-square-foot property was purchased by Temple Realty I LLC, which will partially occupy the building. Real estate company Harrison & Lear Inc., which sold the property, wil[...]

Jul 24, 2020

Could Redskins replacement name be Sentinels?

Following the Thursday announcement that the Ashburn-based National Football League team formerly known as the Redskins would simply be called the Washington Football Team this season, social media platforms have been a playing ground for best bets on what the team’s permanent name will be.  But fans may not be left in the dark for […]

Elkton Plaza. Photo courtesy Colliers International
Jul 24, 2020

Elkton shopping center sells for $5M

A shopping center in Elkton has sold for $5 million, Colliers International’s Virginia Retail Investment Team announced Thursday. The 90,943-square-foot Elkton Plaza was sold by an affiliate of Kodiak Properties LLC to Elkton Plaza LLC. The shopping center — 82% leased at the time of the sale — is anchored by Food Lion[...]

John Milton-Benoit. Photo courtesy Commonwealth Center for Advanced Manufacturing
Jul 24, 2020

Commonwealth Center for Advanced Manufacturing names president, CEO

The Commonwealth Center for Advanced Manufacturing (CCAM) research institute in Prince George County has appointed John Milton-Benoit as its president and CEO, effective Aug. 20, the organization announced Friday.  Milton-Benoit succeeds William T. Powers, who will retire in August. Powers has served on the board of the organiz[...]

Jul 24, 2020

NoVa home prices soar in June

Median home sales prices increased in Northern Virginia during June, according to the Long & Foster Real Estate Market Minute Report released Tuesday.  Loudoun County home prices rose 2%, while prices rose 17% in both Arlington County and the city of Alexandria. Inventory levels have dropped, however, causing the number of homes sold to decline, […]

Jul 24, 2020

Chesterfield pharma company enters $600M federal plea deal

Less than one month after former Indivior PLC CEO Shaun Thaxter pleaded guilty in federal court in Abingdon to a misdemeanor criminal charge related to the marketing of the Chesterfield County-based company’s opioid addiction treatment drug Suboxone, the company announced Friday it has entered a $600 million plea deal with the U.S. Justice Department, the […]

Jul 23, 2020

Autodesk buys Herndon software startup

San Rafael, California-based Fortune 1000 design and construction software company Autodesk Inc. announced Thursday it is acquiring Herndon-based construction project management software developer Pype.  A transaction amount was not disclosed. This marks Autodesk’s ninth investment in a construction technology startup company, however.  Since 2017, Autodesk has acquired Assemble, BuildingConnected and PlanGrid — totaling more [...]

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