Outtask, an Alexandria-based business-services provider for mid-sized and Fortune 1000 companies, acquired Illinois-based Upright Software. (VentureWire, 05/31/01)

Consolidated Engineering Services, an Arlington-based building-technology services company, acquired Trimech Corp., headquartered in Pompton Plains, N. J. Trimech is the 10^th member of Consolidated’s network of companies. (Press release, 05/17/01)

Nextira Federal, a provider of converged voice and data services to civilian and defense agencies, has officially launched operations. Stephen L. Snyder has been named president. Nextira Federal is backed by Platinum Equity Holdings, a privately held company that acquires and operates international technology organizations and service companies. (Venture Wire, 05/22/01)

Squire, Sanders & Dempsey L.L.P., a law firm in Tyson’s Corner, has announced the opening of a new office in Northern Virginia. The Squire Sanders Northern Virginia office will work closely with the Washington, D.C. office. (Press Release, 05/21/01)

Tovaris, a Charlottesville-based provider of secure communications solutions, announced its continuing expansion into the Mid-Atlantic market with the launch of a new sales and business development office in Arlington. (Business Wire, 05/17/01)

Hanmi International Corp., headquartered in Seoul, Korea, will locate its new manufacturing site in the PortCentre Commerce Park in Portsmouth for the worldwide shipping of ceramic products and heavy-load vehicles. The facility will employ 170 new workers and invest a total of $12.5 million within five years. Virginia successfully competed with Florida for this investment. (Press Release, 05/16/01)

Vibrant Solutions, a Fairfax-based provider of network cost reduction software to service providers, has announced its launch. The company, which was formed through the merger of three smaller companies, has secured $26 million in funding led by Columbia Capital, with Bessemer Venture Partners participating. The funding will be used to grow the company, to expand product research and development capabilities, and to build its sales team in preparation for its entry into Europe. (Venture Wire, 05/15/01)

DynCorp, a Reston-based information technology and outsourcing solutions firm, announced the launching of a new business unit called advanceMed, a business-to-business eHealth decision support solutions company which measures, monitors and manages utilization, costs, patient satisfaction and clinical outcomes for the health care industry. (PRNewswire, 05/14/01)

Symantec Corp., a Cupertino, Cailf.- based leader in Internet security technology, will build a major product development facility in Newport News. The company plans to invest $22 million in a building that will accommodate 300 full-time employees. (Press Release, 05/11/01)

Kinder Morgan Power Co. of Houston plans to build a $300 million, natural-gas-fired power plant near the Ante community in southeast Brunswick County. The plant will use hybrid gas-turbine technology and generate up to 550 megawatts of electricity. The plant will employ 25 full-time workers and have an annual payroll of $1.3 million. (Richmond Times-Dispatch, 05/11/01)

Canada-based Maple Leaf Bakery will expand its Roanoke distribution center with an $11 million investment to create a new training center and classroom and hire 45 new employees. Virginia competed with Pennsylvania, Maryland and North Carolina for the investment. (Press release, 06/13/01)

Tridium Inc., a Richmond-based provider of Web-enabled automation software and applications, opened its Asia-Pacific headquarters in Singapore. (Business Wire, 06/13/01)

Teleglobe, a Reston-based broadband network provider, will expand its North American complex through $350 million in wavelength purchases, primarily from Williams Communications and Broadwing. With the buys and the acquisition of capacity on the Flag Atlantic cable later this year, the company will build out a multiple 10 gigabits per second transcontinental backbone network. (The Washington Post, 06/08/001)

XO Communications Inc., a Reston-based provider of broadband communications services, opened a new hosting data center in Fremont, Calif. that will provide customers with high-speed Internet connectivity. (Business Wire, 06/05/01)

Canada-based Biovail Technologies Inc., a pharmaceutical development company, will expand its existing Chantilly operations and relocate its nutraceutical subsidiary, Nutravail Technologies Inc., from Sterling to the expanded facility. The company will invest $4 million and create 40 new jobs. (Press release, 06/01/01)

Roanoke Memorial Hospital and Community Hospital have been scheduled for a $70-million combined renovation plan by their parent company, Carilion Health System. The project will begin in early 2002 and take three years to complete. (The Roanoke Times, 05/31/01)

PRIMUS Telecommunications Group Inc., a global facilities-based provider of data, Internet and e-commerce services based in McLean, opened a state-of-the-art data center in Sao Paulo, Brazil. PRIMUS’ Brazilian operation ranks as the country’s fifth largest Internet service provider. (PRNewswire, 05/30/01)

Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C., a Reston-based law firm, added eight members to its intellectual-property practice including partner James G. Gatto, former co-head of Hunton & Williams’ firm-wide patent practice and its Northern Virginia technology practice. (Press release, 05/24/01)

Inova Alexandria Hospital has a $54 million proposal for an expansion of its 339-bed facility to accommodate a larger emergency department, more private beds and a three-story parking garage. (The Washington Post, 05/22/01)

The Roanoke Times hopes to build an estimated $25 million expansion that includes a new state-of-the-art press. (The Roanoke Times, 05/22/01)

Invicta Networks, a Herndon-based provider of multi-layer cyber-security technology, will expand its facility in the Renaissance Park in Fairfax County and hire 100 new employees through an investment of $3 million. The company relocated from Maryland to Herndon in November 2000. (Press release, 05/21/01)

Atlantic Coast Airlines, a Dulles-based United Express carrier, will offer regional jet service from Washington Dulles to Cincinnati, from Chicago to Grand Rapids and Cleveland to Syracuse. (PRNewswire, 05/21/01)

Dominion Telecom, a Richmond-based affiliate of Dominion, has completed a transaction for more than 2,000 route-miles of fiber that will expand its network from Raleigh, N.C. to Miami. The entire network will be up and running by the end of the first quarter of 2002. (Press Release, 05/21/01)

Invicta Networks will expand its headquarters facility in the Renaissance Park in Fairfax County. Through an investment of $3 million, Invicta will hire 100 new employees for technical and managerial positions, as well as research and development. (Press Release, 05/21/01)

Universal Leaf North America is building a new state-of-the-art processing facility in eastern North Carolina and will upgrade its existing facility in Danville. The total project is expected to have a cost of over $130 million. The new facility, which will replace existing operations in Wilson and Henderson, N.C., will have more than one million square feet under roof, will employ over 1000 full time and seasonal personnel and be fully operational by July 2003. The improvements to the Virginia facility will be completed by the summer of 2002. Universal Leaf North America is a division of Universal Leaf Tobacco Company Inc., a diversified company with operations in tobacco, lumber and agri-products. (PRNewswire, 05/17/01)

Sara Lee Coffee and Tea has selected Suffolk as the site of a $93 million expansion to house the company’s new liquid concentrate coffee manufacturing plant, the first of its kind in the United States. A new 152,000-square-foot building will be added to the existing Wilroy Industrial Park facility. It is expected to open in July 2004, and will create 105 new jobs. (The Virginian-Pilot, 05/16/01)

Inova Fair Oaks Hospital has begun the first major expansion in its 14-year history with a three-year, $74 million project which will nearly double the size of the hospital. The four-story addition features 72 new beds, most of which will replace existing space. The hospital’s capacity will be raised from 151 to 160 beds. (The Washington Post, 05/16/01)

Richard B. Toren, president, Tysons Corner-based QED Solutions, a provider of software platforms that support data conversion and process-development for drug- safety information. (VentureWire, 05/30/01)

Peter Michaels, CFO, Alexandria-based CustomerLinx Corp., a service company specializing in Web-enabled, multi-mode customer relationship management. (PRNewswire, 05/29/01)

Kevin S. Crutchfield, president, Coastal Coal Company, a Roanoke-based subsidiary of El Paso Merchant Energy headquartered in Houston. (PRNewswire, 05/29/01)

George I. Wilson, Jr., president, MMM Design Group, an architectural, engineering, planning and surveying firm. (Press Release, 05/22/01)

Kimber H. Lewis, president of North American operations of Cramer Systems, a Bath, UK-based provider of inventory-based network and service provisioning solutions. (Business Wire, 05/21/01)

Reid Ashe, president and COO, Richmond-based media company Media General. (Press Release, 05/18/01)

Joseph A. Marsilii, Jr., president, Powerline Technologies Inc. (PRNewswire, 05/17/01)

Neal G. Bibeau, COO, Neil Hill Lansing II, Chief Financial Officer for Herndon-based Focus Technologies, a provider of technology solutions that meet the challenges of infectious disease. (PRNewswire, 05/16/01)

Charlie Floto, president of Corcentric, a Mclean-based provider of supply-chain e-commerce technology for the heavy-duty truck and automotive supply industries. (Venture Wire, 05/14/01)

John Kraft, president and COO for PSINet U.S., R. Scott Arnell, president, PSINET Europe. PSINet is a provider of Internet and IT solutions. (Press Release, 05/10/01)

Richard T. Liebhaber, CEO of Mclean-based Linguateq, a provider of embeddable data integration software for next-generation networks. (Press Release, 05/08/01)

Loretta W. Franklin, president of the new educational facility in Arlington for DeVry Inc., an international higher education company. (Press Release, 05/08/01)

Charles T. Cox, president, Reynolds Foodservice packaging, Ruth J. Mack, president, Alcoa Consumer Products, Richard S. Reynolds IV, president, Alcoa Flexible Packaging. Alcoa is a Pittsburgh-based producer of aluminum products. (Press Release, 05/03/01)

Metro One Telecommunications Inc., a Manassas-based developer and provider of advanced telecom services, has signed a lease with Grubb & Ellis for 15,681 square-feet of industrial space at Mercury Center I in Manassas. (Press release)

Dunham-Bush Inc. has agreed to sell its Harrisonburg plant to Alabama-based AIG Baker Development to build a 492,000 square-foot shopping center. City officials are seeking a location for Dunham-Bush to build a new, smaller plant to manufacture its heating, air conditioning and refrigeration products. (Daily News-Record, 06/08/01)

Faggert & Frieden, PC, a Tidewater law firm specializing in real estate, has signed a lease with Divaris Real Estate Inc., for 14,000 square-feet of office space in the Tower Building of The Town Center of Virginia Beach in order to relocate its Chesapeake office. (Press release, 06/07/01)

Charles E. Smith Commercial Realty has received approval from Arlington County’s Board for a site plan amendment allowing improvements and redevelopment of existing space along Crystal Drive. (Press Release, 05/21/01)

A former Air-A-Plane of Norfolk manufacturing facility in Suffolk has sold for $2.3 million. The new owners plan to retrofit the larger of two on-site buildings for distribution and warehouse space. Coastal Holdings LLC recently purchased the 43-acre property and buildings from HEICO Corp. of Miami and eventually plans to add 550,000 square feet. The buildings now total 103.000 square feet. (Daily Press, 05/16/01)

Divaris Real Estate has announced the sale of the Market Square Shopping Center to Market Square Partners, LLC for $900,000. The 33,256 square foot facility is located on Hull Street in Midlothian. (Press Release, 05/10/01)

Grubb & Ellis of Washington, DC announced the sale of Corporate Pointe IV, located in Chantilly for $12.3 million to Republic Properties. The 80,118 square foot building is occupied by CACI. (Press Release, 05/07/01)

Charles Schwab & Co. Inc. has signed leases for two new locations in Northern Virginia. In Tyson’s Corner, they signed a lease for 7,758 square feet of office space at the American Center. In Arlington, they signed a lease for 4,532 square feet at 1110 North Glebe Road. (Press Release, 05/04/01)

Open Plan Systems Inc., a Richmond-based re-manufacturer of workstations, announced that the Nasdaq Stock Market delisted its common stock. (Business Wire, 06/08/01)

XO Communications Inc., a Reston-based provider of broadband communications services, closed a $250 million investment by Forstmann Little & Co., issuing 50 million shares of its Class A common stock and amending the terms of preferred stock held by Forstmann Little. (Business Wire, 06/07/01)

Teligent Inc., a Vienna-based provider of broadband communications services, has been delisted from the Nasdaq Stock Market. (Business Wire, 06/07/01)

Broadslate Networks Inc., a Charlottesville-based provider of high-speed Internet connections and networking services for businesses, collected $60 million in a second round of venture capital investment. (Richmond Times-Dispatch, 06/07/01)

Bon Secours Richmond, Bon Secours Hampton Roads, minority-investment firm Smith Whiley & Company and the Small Business Administration have teamed to create a $20-million leveraged fund to invest in businesses in low-to-moderate income areas of Richmond, Hampton Roads, Baltimore and Detroit. (Press release, 06/05/01)

Freddie Mac, a McLean-based residential mortgage and mortgage-related securities company, has issued $175 million of variable-rate, perpetual preferred stock and $172.5 million of fixed-rate, perpetual preferred stock. Both issues are cumulative as to dividends. The offering was lead-managed by Lehman Brothers and the offerings proceeds will be used for general corporate purposes including purchases of residential mortgages. (PRNewswire, 05/30/01)

SpaceVest, a Reston-based private-equity firm that invests in space-industry companies, has made the first closing for its newest fund, SpaceVest III, at $82 million. The new fund will make expansion-stage investments ranging from $5 million to $7 million in space-industry companies and in networking firms. The fund’s $150 million is targeted to be fully invested in 15 to 20 companies that have no geographical focus. (VentureWire, 05/24/01)

ScholarOne, a Charlottesville-based provider of Web-based content management and production services for the scholarly publications market, closed its Series A round of funding with $3.7 million led by Tall Oaks Capital. The funding will be used to increase technology, research, and development teams as well as to expand marketing efforts. (VentureWire, 05/23/01)

aTelo, an Arlington-based enhanced communications service platform vendor, said it raised $5 million in a series B financing led by Lazard Technology Partners, with participation from Schoffstall Ventures and previous investor Draper Atlantic Management. The company will use the funds for international sales and marketing, as well as for the expansion of its services platform and the development of new applications. (Venture Wire, 05/21/01)

Savvis Communications, a Herndon provider of data-networking services has announced that a subsidiary of Reuters Group will buy up to $45 million of its convertible notes. Reuters Group is purchasing assets of bankrupt Bridge Information Systems, which owns a 48 percent stake in Savvis and, as its largest customer, represented 81 percent of Savvis’ business in 2000. (the Washington Post, 05/18/01)

United Dominion Realty Trust Inc. announced that on June 15, 2001 it will redeem for cash all outstanding shares of its 9 1/4% Series A Cumulative Redeemable Stock. The redemption price will be $25 per share, plus $.475171 of accrued dividends to the date of redemption. From the redemption date forward, dividends on the preferred shares will no longer accrue. Approximately $98 million of this preferred stock, issued in 1995, is outstanding. (Press Release, 05/16/01)

CEL-SCI Corp., a Vienna-based biopharmaceutical company and developer of novel products for the treatment of cancer and infectious diseases, has entered into a binding agreement with a private investment fund to provide the company with up to $10 million in equity financing. CEL-SCI plans to use the proceeds from the sales for research and development, product manufacturing, working capital and/or other general purposes. (Press Release, 04/12/01)

eCommerce Industries Inc., a Vienna-based information technology solutions provider for the office products industry, announced the completion of the sale of its subsidiary, Online Office Supplies Company to Office Source of Gaithersburg, MD. (Press Release, 05/15/01)

AES Corp., a leading global power company based in Arlington, announced that its subsidiary AES Communications Bolivia, signed a strategic alliance agreement with COTEL, the largest local telephone carrier in Bolivia. The agreement calls for COTEL to purchase up to 15% of AES Communications Bolivia for approximately $21 million, which will be paid in the form of COTEL interconnect charges and the usage of COTEL infrastructure. (Press Release, 05/09/01)

Comdial Corp. announced the completion of the sale of its Charlottesville-based subsidiary American Phone Centers to King Technologies Inc. of Trenton, Tenn. American Phone Centers will be the authorized service center for the repair, refurbishment and resale of Comdial products. American Phone Centers will remain in Charlottesville. (Press Release, 05/07/01)

Virginia Natural Gas, a subsidiary of Atlanta-based AGL Resources, will consolidate its Newport News-based call center with the parent company’s customer-service operations this fall. The 35 or so employees in Newport News have the option to relocate or otherwise lose their jobs. (Daily Press, 06/08/01)

TerraShare, an Alexandria-based Web-hosting service and network provider of topic-specific portals, will end its services and shut down after an unsuccessful attempt to find a buyer. (VentureWire, 06/06/01)

Lane Company, a subsidiary of Missouri-based Furniture Brands International, will close its Virginia operations in Franklin County including its Rocky Mount-based factory and supply plant. The closing will result in a loss of 550 jobs at the Rocky Mount facilities and 1,000 total jobs statewide. The Virginia division will merge with another Furniture Brands’ subsidiary, Tupelo, Miss.-based Action Industries Inc. (The Roanoke Times, 06/05/01)

Southern States Cooperative Inc., a Richmond-based agricultural cooperative, plans to close 47 of its 233 stores and cut 300 of its 5,000 employees in 25 states. (Richmond Times-Dispatch, 06/02/01)

Boxerjam, a Charlottesville-based producer and distributor of games and game shows for online, wireless and broadcast networks, is seeking a buyer and has laid off 37 employees. (VentureWire, 05/30/01)

Cisco Systems Inc., a San Jose, Calif.-based technology company with a software-development office in Richmond, is seeking a buyer for its Richmond operation and might close the 100-employee unit if it can’t sell by the end of July. (Richmond Times-Dispatch)

Teligent Inc. has filed for bankruptcy protection. The Vienna-based telecommunications firm will continue to provide service to customers on its 43-city network while it attempts to reorganize. Teligent listed $1.65 billion in debt and $1.2 billion in assets in its filing. (The Washington Post, 05/22/01)

The Martin Agency is losing one of its highest-profile clients – Timberland Co., the Stratham, NH-based manufacturer of outdoor boots, clothing and accessories. Timberland has been with Martin, Richmond’s largest ad agency, since September 1997. Timberland seeks an agency that can offer a total global solution. (Richmond Times-Dispatch, 05/19/01)

Eyecast, a developer of technology that enables Web-based live video access to remote sites, has cut approximately 50% of its 65 member staff. Eyecast is realigning its business plan due to current market positions. (Venture Wire, 05/16/01)

PSINet Ventures, the Ashburn-based venture capital unit of troubled Internet company PSINet, will not do any more new deals and will focus on managing and liquefying its portfolio companies. Following the layoffs or departure of all but three employees, company treasurer Michael A. Erfurt is managing the venture capital unit. (Venture Wire, 05/16/01)

USA Today cut its payroll by 5 percent – from 2000 to 1900 – through attrition and layoffs since January in the face of a continuing drop in help-wanted classified advertising and the rising cost of newsprint. The Arlington-based paper said it is closing its one-person news bureau in Austin and laying off six reporters and editors in its newsroom and seven editorial staffers at its Internet operation. USA Today is published by Gannett Co. (The Washington Post, 05/16/01)

Roku Technologies, a Chantilly-based software developer, is seeking a buyer after shutting its doors and laying off most of the company’s 40 or so employees. Roku is in the "peer-to-peer" technology market. Their technology enables companies to access and trade information from wired or wireless computers and devices. (The Washington Post, 05/11/01)

LifeMinders Inc. is seeking to sell itself or liquidate. LifeMinders sends free e-mail messages to 21 million subscribers that are personalized with information and advertising. (The Washington Post 05/11/01)