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Estes trucking subsidiary to buy Minn. supply chain co.
Estes Forwarding Worldwide, a wholly owned subsidiary of Richmond-based Estes Express Lines, plans to acquire Superior Brokerage Services, a Minneapolis-based, single-sourced supply chain company specializing in domestic and international transportation, U.S. customs brokerage services and warehousing. Terms of the deal were not[...]
NoVa home prices increase, Hampton Roads sees inventory boost
Median home prices in Northern Virginia continue to increase, hitting $700,000 in August, an 11.6% percent increase over the previous year, according to the latest report from the Northern Virginia Association of Realtors. At the same time, year-over-year sales declined, decreasing 12.4% from August 2022, but month-over-month sales increased as the summer reaches its end. […]
Glen Allen shopping center sells for $9.5M
A shopping center anchored by a Michaels craft store in Glen Allen sold for $9.5 million, Cushman & Wakefield | Thalhimer announced. Airport Hotel LLC, of Ellicott City, Maryland, bought Broad Street Plaza, located at 9856-9864 W. Broad St. in Henrico County, on Sept. 12. The four-tenant retail center is 100% leased and incl[...]
Liberty University partners with Spirit in pilot pipeline program
Liberty University is partnering with Spirit Airlines in a pipeline program to land aeronautics graduates jobs as pilots amid a national shortage. Spirit, a low-cost airline headquartered in Miramar, Florida, with presences at Richmond and Norfolk’s airports, announced the partnership Thursday. Liberty, which has an aerona[...]
William & Mary law dean becomes of counsel at McGuireWoods
William & Mary Law School Dean A. Benjamin Spencer is consulting for McGuireWoods as a part-time, of counsel attorney, the law firm announced Thursday. Spencer, who is also a trustee professor at the law school, will consult with McGuireWoods lawyers and clients on pending legal matters and work on learning initiatives and c[...]
Canadian company to spend $22.8M to expand to Suffolk
Toronto-based Automatic Coating Ltd., which provides advanced custom powder, liquid, and blasting, will invest $22.8 million to open its first U.S. location in Suffolk, adding an estimated 50 jobs, Gov. Glenn Youngkin announced Thursday. Virginia competed with Florida for the project. The move supports an existing contract with [...]
Three Va. universities land on top patents list
Three Virginia research universities have made the National Academy of Inventors’ new list ranking the nation’s universities that were granted the most patents in 2022. The University of Virginia, Virginia Commonwealth University and George Mason University each made the list released Aug. 30, ranking 43rd, 86th and [...]
ManTech completes Definitive Logic acquisition
Herndon-based ManTech International has completed its acquisition of Arlington County-based Definitive Logic. ManTech provides technology solutions for U.S. defense, intelligence and federal civilian agencies. The company announced the completion of the deal, first announced Aug. 1, on Tuesday. Terms of the deal were not disclos[...]
Sandpaper manufacturer to expand in Va. Beach
Hermes Abrasives USA, the U.S. subsidiary of Hamburg, Germany-based Hermes Abrasives, will invest $5.6 million in a Virginia Beach expansion that will add an estimated 30 jobs, Gov. Glenn Youngkin announced Wednesday. Hermes Abrasives manufactures coated and bonded abrasives and grinding tools. The company will return its narrow[...]
Rocket Lab, Leidos sign contract for 4 rocket launches
California-based Rocket Lab USA has signed a contract with Reston-based Fortune 500 contractor Leidos to launch four Hypersonic Accelerator Suborbital Test Electron (HASTE) missions, the launch company announced Tuesday. The suborbital testbed launch vehicle missions will lift off from Rocket Lab’s Launch Complex 2 at the [...]
Maximus fined by SEC for proxy, reporting violations
Tysons-based federal technology contractor Maximus will pay $500,000 in civil penalties to settle a charge that it failed to disclose it had employed the siblings of one of its executive officers. According to a settlement announced by the U.S. Securities and Exchange Commission Monday, Maximus appointed a business segment leader and longtime employee as an […]
HawkEye 360 promotes COO to president
HawkEye 360’s chief operating officer has been promoted to president, the Herndon-based satellite analytics company announced Tuesday. Rob Rainhart joined HawkEye 360 as vice president of engineering in 2016, a few months after the company’s 2015 founding, and has served as its chief operating officer since 2019. His new rol[...]
