Industries

For the Record - Northern Virginia, March 2012

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Acentia, a provider of technical services to the commercial and government markets, will invest $3.1 million to move its headquarters from Silver Spring, Md., to Fairfax County. The investment will create 60 jobs. (PRNewswire)

McLean-based Capital One Financial Corp. has received approval from the Federal Reserve for its proposed $9 billion purchase of online bank ING Direct. The deal would result in Capital One having estimated total deposits of $206 billion, making it the fifth largest bank in the U.S.  (The Washington Post)

EPN Investment Management LLC, of Skokie, Ill., sold Fairfax Towne Center as part of a $1.4 billion portfolio deal, to a joint venture between Blackstone Real Estate Partners VII LP and DDR Corp. A 253,000-square-foot retail center, Fairfax Towne Center was valued at $71.3 million and is 100 percent leased. (Washington Business Journal)

HCA Virginia, which is building StoneSpring Medical Center in Loudoun County, expects to complete its $10 million Dulles emergency center by 2013, two years ahead of the rest of the hospital. (Washington Business Journal)

Ingenicomm, a provider of satellite ground systems and networks, opened a development laboratory in Chantilly. The new facility allows for greater research capabilities and a larger inventory of parts for quicker turnaround on custom projects. (PRNewswire)

Interstate Hotels & Resorts, a hotel management company headquartered in Arlington, reached a deal to manage the 473-room Pheasant Run Resort near Chicago. (Business Wire)

L.F. Jennings Inc., a Falls Church-based contracting company, received the Contractor of the Year Award for 2011 from Target Corp. of Minneapolis. It is the second time in four years Jennings has received the award, making it one of two companies in the country to be so honored twice. (News release)

The Federal Communications Commission will not allow Reston-based LightSquared Inc. to launch its next-generation wireless service, deeming the proposal incompatible with GPS.  Rounds of testing showed that signals from the company’s terrestrial base stations knocked out surrounding GPS signals. (Washington Business Journal)

ManTech International Corp., a Fairfax defense contractor, received a contract modification worth $507 million over 10 months, including options, for logistical and technical support of Army vehicles hardened to resist ambush and attack through the use of mines. (Washington Business Journal)

New York Attorney General Eric Schneiderman has filed suit against several of the nation’s largest banks, charging them with fraud and deception in foreclosure filings in creating the Reston-based Mortgage Electronic Registration Systems Inc. The organization, commonly known as MERS, and its parent company are also named as defendants (Washington Business Journal)

Science Applications International Corp. received a five-year, $900 million prime contract, including options, for support services in the development and deployment of equipment and training to counteract the threat of improvised explosive devices. (Washington Business Journal)

 


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