Sign In
Free Newsletter
Charlottesville-based Virginia Diodes to expand, invest $2.5M
Virginia Diodes Inc. (VDI) will invest $2.5 million to expand its operations in Charlottesville, adding an estimated 24 jobs, Gov. Glenn Youngkin announced Thursday. VDI was founded in Charlottesville in 1996 as a spinoff from the University of Virginia and in 2004 established its headquarters at the city’s Ix Art Park complex. The company manufactures […]
Parsons acquires Md. federal contractor for $200M
Centreville-based Fortune 1000 defense contractor Parsons has acquired Maryland-based contractor Sealing Technologies in a deal valued at $200 million. Parsons announced the deal Wednesday. The acquisition expands Parsons’ customer bases across the Department of Defense’s intelligence community and enhances its capab[...]
Ruling clears way again for Richmond casino referendum
A Richmond Circuit Court judge issued another ruling Wednesday clearing the way for a Richmond casino referendum to appear on ballots this November. Richmond Circuit Court Judge W. Reilly Marchant ruled against the Richmond Lodge No. 1 of the Good Lions Inc., a nonprofit organization that had filed a motion to block the casino v[...]
Dominion, Dulles solar project to power 37,000 Va. homes
A massive solar project that will soon begin to take shape at Washington Dulles International Airport will not only have the ability to power 37,000 Virginia homes, but will also send a message to travelers about the power of clean energy, officials said Tuesday during a ceremonial groundbreaking for the 835-acre Dulles Solar a[...]
Virginia Housing CEO to retire
Virginia Housing CEO Susan Dewey will retire Dec. 31, after 24 years heading the Richmond-based authority. “Under Susan’s leadership, Virginia Housing made critical and timely strategic changes over the years to position us for success,” Bill Shelton, chairman of the Virginia Housing Board of Commissioners, said in a state[...]
Mitre hires chief information officer
The Mitre Corp., a McLean-based not-for-profit organization that manages federally funded research and development centers, has hired Deborah Youmans as its new chief information officer, it announced Monday. A Virginia Tech graduate who has an MBA from the University of Maryland, Youmans joins Mitre from McLean-based Booz Allen[...]
Chesterfield pharma company to pay $30M in Suboxone settlement
Chesterfield County-based pharmaceutical manufacturer Indivior Inc. has reached a $30 million settlement agreement in a federal class-action antitrust lawsuit brought by a group of health plans over the manufacturer’s opioid addiction treatment drug, Suboxone. The global parent company, Indivior PLC, announced the settlement M[...]
Midlothian shopping center under new management
A Midlothian shopping center anchored by a Food Lion is under new management after selling in late July for $19.6 million. Norfolk-based S.L. Nusbaum Realty Co. will handle leasing and management for 15-acre Village Marketplace, located at 13100 Midlothian Turnpike in Chesterfield County. The 131,814-square-foot center’s t[...]
ODU hires director for cybersecurity school
Old Dominion University has named Daniel Takabi to direct its School of Cybersecurity. Takabi joins the school from Georgia State University, where he worked for four years and served as an associate professor of computer science, according to his LinkedIn account. Takabi started in his new role July 25; the university announced[...]
HII’s Mission Technologies names new chief growth officer
Huntington Ingalls Industries’ McLean-based Mission Technologies division has hired Ahmed Ayad to serve as chief growth officer. Ayad joins the organization from Herndon-based ManTech, where he served as vice president and growth lead for the defense sector since 2019. In his new role, Ayad will be responsible for shaping [...]
The Breeden Co. adds new multifamily regional director
The Breeden Co. has named Sydney Balmer to its multifamily property management’s regional director team. The Virginia Beach-based real estate developer announced Balmer’s hire Aug. 8. She will oversee a portfolio of multifamily assets in the South Hampton Roads market. “Sydney brings her passion for problem solving[...]
Henrico County, Markel|Eagle acquire land for GreenCity
Henrico County and an affiliate of Markel|Eagle Partners LLC came to an agreement Thursday to purchase the 110-acre Scott Farm property, which will be a key part of the $2.3 billion mixed-use GreenCity development, for $35.1 million. First proposed in December 2020, GreenCity plans to include what is billed as the nation’s[...]
