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Report: Washington Football Team probe recommends Snyder divest ownership
Parts of report leaked to "The Sports Junkies" radio show
“The Sports Junkies,” a Washington, D.C.-based sports radio show, reported Friday that an attorney investigating the Washington Football Team has recommended majority owner Daniel Snyder divest his ownership of the NFL team. The show’s hosts at WJFK 106.7 FM The Fan said they received parts of a report written by Beth Wilkinson, the lawyer conducting
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Chesapeake office building sells for $7.5M
The Runnymede Corp. purchases Crossways Commerce Center IV
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Virginia Beach-based property management company The Runnymede Corp. purchased Chesapeake office building Crossways Commerce Center IV for $7.5 million on Feb. 8. Located at 1408 Stephanie Way, the 51,209-square-foot building was purchased from Washington, D.C.-based real estate investment company DSC Partners. The flex building is 91% occupied by Leidos Holdings Inc. and 9% occupied by
Chester strip mall sold for $6M
N.C. company buys The Shoppes at River Forest
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Chester’s The Shoppes at River Forest, a 30,720-square-foot strip mall anchored by a Wal-Mart, was purchased on Feb. 26 for $6 million. Raleigh, North Carolina-based PGP River Forest purchased the property from Bogese Cos., a Richmond-based real estate development group. At the time of the sale, the center was 82% leased to tenants that include
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Ministry buys Chesterfield building for $1.2M
Mountain Movers Ministry to relocate
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Chesterfield County-based Mountain Movers Ministry has purchased a building near the intersection of Hull Street and Courthouse roads for $1.175 million. The ministry will relocate to 3300 Old Courthouse Road and occupy the entirety of the 8,942-square-foot building. The property is situated on 7 acres. Gray Bryant, an associate with Colliers International Virginia, represented the
General Dynamics wins $99M FAA contract
Reston contractor to provide radio receivers
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The Federal Aviation Administration (FAA) has awarded Reston-based Fortune 100 defense contractor General Dynamics Corp. a $99 million contract to provide URC-300E transceivers as part of its Emergency Transceiver Replacement (ETR) program, the company announced Thursday. The program replaces current legacy radios with very high frequency (VHF) and ultra high frequency (UHF) radios for civil
Northrop Grumman wins $84.5M NASA contract
Falls Church company to provide products, support for Mars mission
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NASA announced Thursday it has awarded an $84.5 million contract to Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. to provide propulsion support and products for spaceflight missions. Under the Mars Ascent Propulsion System (MAPS) contract, Northrop Grumman will provide support and products at the agency’s Marshall Space Flight Center in Huntsville, Alabama. The
U.Va. gets $5M gift to establish scholarship for PVCC students
25 recipients to be chosen per year
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An anonymous $5 million gift to the University of Virginia will be used to provide scholarships to Piedmont Virginia Community College students who wish to transfer to the university, U.Va. President Jim Ryan announced Friday. The endowed fund will provide scholarships to PVCC students who have been selected as U.Va. University Achievement Award recipients. The
Virginia Tech to lead DoD’s new Acquisition Innovation and Research Center
Center to focus on acquisition system efficiency
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The U.S. Department of Defense has selected Virginia Tech as one of three schools to lead its new Acquisition Innovation and Research Center (AIRC). The AIRC is funded by the DoD and directed by the Office of the Undersecretary of Defense for Acquisition and Sustainment. The goal of the center (which also includes the New
Norfolk’s MacArthur Center may meet the wrecking ball
City considers mall’s future
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Downtown Norfolk’s MacArthur Center, a 140-store mall that opened in 1999, may have a future date with a wrecking ball. According to a newsletter released March 2 by Norfolk’s economic development department, a complete teardown of the 1.1 million-square-foot structure is one of three possibilities envisioned for MacArthur Center’s future by the city, which does
Huntington Ingalls names new executive VP
Kari Wilkinson to replace Brian Cuccias
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Newport News-based Huntington Ingalls Industries announced Friday its board of directors has elected Kari Wilkinson to serve as executive vice president of HII and president of HII’s Ingalls Shipbuilding division, effective April 1. She will succeed Brian Cuccias, who announced his April 1 retirement. Cuccias took on his role in 2014, and before that had