Newport News industrial office building sells for $3.2M
Building purchased by Chesapeake shipbuilding and repair company Técnico
An industrial office building at Oyster Point Park in Newport News has sold for $3.12 million, Cushman & Wakefield | Thalhimer announced May 4. The 53,414-square-foot office building, which sits on on 3.2 acres at 806 Bluecrab Road, was vacant at the time of the sale. The property was purchased by Chesapeake-based shipbuilding and repair
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Leidos completes $380M Gibbs & Cox acquisition
Gibbs & Cox's specialties include naval architecture, marine engineering
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Reston-based Fortune 500 government contractor Leidos has completed its $380 million, all-cash acquisition of Arlington-based engineering and design firm Gibbs & Cox, Leidos announced Friday. Gibbs & Cox, which specializes in naval architecture, marine engineering, management support and engineering consulting, has offices throughout the United States and Australia. It will operate as a wholly-owned Leidos
Va. GOP prepares for nomination convention on Saturday
54K delegates to choose statewide candidates
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On Saturday, roughly 54,000 Virginia Republican convention delegates will have the opportunity to choose their party’s 2021 nominees for governor, lieutenant governor and attorney general. Unlike the typical “firehouse convention,” currently prohibited due to COVID-19 precautions, the state GOP has opted for an “unassembled convention” with 39 voting locations open Saturday from 9 a.m. to
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Axios-Athletic merger gets axed
Arlington-based Axios is daily news site with podcasts, HBO show
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A proposed merger between Arlington-based digital news company Axios Media Inc. and San Francisco-based sports media firm the Athletic is no longer going forward, according to a May 6 report from The Wall Street Journal. The Journal had previously reported that the companies had been exploring merging and going public through through a special purpose
Parsons lands $618M GSA contract
Centreville-based defense contractor also posts first-quarter results
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Centreville-based Parsons Corp. has won a $618 million contract with the U.S. General Services Administration, it announced this week, bringing the company’s total contracts won since the end of the first quarter to approximately $1 billion. The new contract covers professional services that advance the intelligence community’s global cyber and intelligence technologies for C5ISR, the
UPDATED: Peraton completes $7.1B Perspecta acquisition
Perspecta shareholders sealed deal on May 6
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UPDATED MAY 7, 8:20 A.M. Herndon-based national security contractor Peraton Inc. completed its $7.1 billion, all-cash acquisition of Chantilly-based federal IT contractor Perspecta Inc. on Thursday, according to a news release from Peraton’s parent company, New York-based private investment firm Veritas Capital. The combined companies will be known as Peraton and will be overseen by
Va. sees 67% drop in weekly jobless claims
Decline comes after 171% increase reported previous week
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The state’s number of initial unemployment claims continues to fluctuate wildly, with only 12,231 Virginians submitting new jobless claims for the week ending May 1, a drop of 25,125 claims from the previous week, the Virginia Employment Commission reported Thursday. For the April 26-May 1 filing week, the state saw a 67.2% decline in new
Northam: Many restrictions likely to be lifted June 15
Governor says mask mandate will still depend on CDC guidance, though
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Virginia will relax most COVID-19 mitigation measures by June 15 if vaccination numbers continue to increase and spread of the virus continues to decrease, Gov. Ralph Northam said Thursday, but lifting the face mask mandate will likely take longer. “We will continue to evaluate our mask guidance,” the governor added, but social distancing requirements and
$257M Western Rail Initiative to bring NRV train service
Norfolk Southern deal expands service in Roanoke, Christiansburg
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Passenger train service will return to the New River Valley for the first time since 1979, Gov. Ralph Northam said Wednesday, announcing an agreement with Norfolk Southern Railway. The $257.2 million deal is an addition to the $3.7 billion rail expansion package the governor hailed in March as part of the Transforming Rail in Virginia program.
George Mason University approved to start school of computing
Program will be first of its kind in Virginia
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The State Council of Higher Education for Virginia gave the green light to George Mason University’s plan to start a school of computing, the Fairfax-based university announced today. Three departments will comprise the core of the school, which will be the first of its kind in Virginia, the university said: statistics, computer science and information
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Hollins University names VP for diversity, equity and inclusion
Nakeshia N. Williams comes from North Carolina A&T State University
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Hollins University on Wednesday announced it has appointed Nakeshia N. Williams as the new vice president for diversity, equity and inclusion at the private women’s liberal arts university in Roanoke. Prior to joining Hollins, Williams was an associate professor at North Carolina A&T State University, where she was an associate professor in the educator preparation
Mitre names new cyber technologies VP
Wen Masters joins McLean nonprofit from Georgia Tech
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McLean-based The Mitre Corp. has hired research scientist Wen Masters as its vice president for cyber technologies, effective May 17. Masters most recently worked at Georgia Tech Research Institute, where she served as deputy director for research and led its Information and Cyber Sciences Directorate. She was principal research scientist at Georgia Tech. Founded in
Leidos names new CFO
Christopher Cage starts new role at Fortune 500 contractor on July 5
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Longtime Leidos Holdings Inc. executive Christopher Cage has been named as the Reston-based federal contractor’s new chief financial officer. Cage will begin his role July 5. He currently serves as senior vice president and chief accounting officer for the Fortune 500 company, where he’s worked since 1999. Cage was director of financial planning and analysis
Realtors society elects Dawn Griggs as mid-Atlantic regional director
Cushman & Wakefield | Thalhimer broker begins term this fall
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Dawn Griggs, a first vice president with Cushman & Wakefield | Thalhimer, has been elected as a regional director for the Society of Industrial and Office Realtors (SIOR), the commercial real estate company announced today. Griggs will oversee the Mid-Atlantic Region of the 3,460-member brokerage association in a two-year term that begins with SIOR’s October
Opinion
A supersized lesson
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In late March, the shipping industry almost went sideways. In darkness and buffeted by sandstorm winds, the supersized 1,312-foot Ever Given container ship’s bow snagged a sandbar on a bank of the Suez Canal. Its stern drifted toward the other bank, leaving the ship diagonally blocking one of the world’s busiest waterways. For days, it
Guest opinion: A pandemic game-changer
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Each year, we lament the relative instability of the international shipping industry, analyzing unpredicted challenges and looking for signs of smoother sailing in the months ahead. It goes without saying that 2020 set a new bar for instability across the board. As the COVID-19 pandemic spread and lockdowns were implemented in the United States, importers
The future is now
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One of the biggest and yet to be fully felt impacts of the global pandemic is the way it has accelerated trends, many of which were less apparent before the COVID crisis than they are today. Even as public health concerns might begin to subside, the impact of many business trends will remain. Much of
Better times ahead
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Back in the early 1980s, a co-worker of mine and his wife became first-time homeowners. They felt pretty good about getting their new house and signing a mortgage note at a whopping 18% interest rate! By today’s standards, that’s pretty unthinkable. While much time has passed since those days, we’ve had only six new presidents