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2 Va. companies land spots on $151M Navy IT contract
Norfolk-based Chitra Productions and Fairfax's AttainX Inc. to participate
Two Virginia companies have landed spots on a $151 million contract to provide full IT lifecycle support to the Naval Facilities Engineering Systems Command’s core facilities, management, construction management and installation management systems. Norfolk-based Chitra Productions LLC and Fairfax-based AttainX Inc. will both do work alongside three other companies in Atlanta, Kansas and Ohio, the
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8 Va. companies land spots on $42B Air Force contract
55 firms are on the 11-year contract
Published
Eight Virginia companies have landed spots on a $46 billion contract with the U.S. Air Force Eglin Wide Agile Acquisition contract, with awards averaging about $835 million per company. The Air Force awarded spots to 55 firms, according to a Department of Defense announcement this week. The contract provides for work in digital engineering and
Primis Bank selling minority interest back to Southern Trust Mortgage
The transaction is expected to close in the fourth quarter
Published
Glen Allen-based Primis Bank, a wholly-owned subsidiary of McLean-based Primis Financial Corp., entered into an agreement to sell its minority interest back to Virginia Beach-based Southern Trust Mortgage LLC (STM), it announced Thursday. Primis Financial Corp. expects to record a pre-tax charge of about $2.9 million in the third quarter. STM will repurchase all of
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CNU President Paul Trible to retire in August
Will remain as chancellor through 2022-23 academic year
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Christopher Newport University President Paul S. Trible Jr. announced Friday he plans to retire as president next August. He will then serve as chancellor for the next academic year, and Adelia Thompson, university’s chief of staff and acting CEO, will be CNU’s interim president. Trible, a former U.S. senator and member of the House of
1.9M-square-foot industrial park being built in Stafford
The Peterson Cos., JLL collaborating on Northern Virginia Gateway
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The Fairfax-based Peterson Cos. is building a 1.9 million-square-foot development in a 270-acre industrial park in Stafford County, and JLL will oversee the leasing, the companies announced Friday. Northern Virginia Gateway, which is expected to be built out within a year, is on Centreport Parkway, off Interstate 95. “Peterson’s initial foray into the metro D.C.
Home sales, price growth to slow in 2022 after rapid 2021 rises
Virginia Realtors predicts home sales up 6.2% in 2021, 0.1% in 2022
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Virginia home sales in 2022 will be down by about a tenth of a percent compared to 2021 sales, according to a forecast report released Friday by Virginia Realtors. In 2021, the report projects a total of about 148,600 home sales in Virginia, up 6.2% from 2020. “While home sales activity in 2021 will surpass
U.Va. receives $50M gift for new performing arts center
Charlottesville-area philanthropist Tessa Ader makes major donation
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The University of Virginia announced Friday it has received a $50 million lead gift to build a performing arts center, a donation by Tessa Ader, a prominent Charlottesville-area philanthropist who serves on the Fralin Museum of Art advisory board at U.Va. “My late husband, Richard, and I long felt that a state-of-the-art performing arts center
Thomas Nelson Community College renamed Va. Peninsula
School is fourth VCCS college given new name this year
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Thomas Nelson Community College, based in Hampton and James City County, will soon be called Virginia Peninsula Community College, the Virginia Community College System’s state board voted Thursday. In February, the college’s local advisory board voted unanimously to change the school’s name, bestowed to honor Thomas Nelson Jr., a signer of the Declaration of Independence
Six Staunton apartment properties sell for $6.3M
The portfolio includes 88 apartments
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Staunton Portfolio LLC has purchased a six-property multifamily portfolio, which includes 88 apartments for $6.3 million, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio was sold with assumable long-term fixed-rate debt in place. The seller was LSK Properties LLC. The properties are located in Staunton at 1020 Rockaway St., 2407 Bare St., 2501 Hickory
Facebook bringing broadband to Grayson County
Social media giant partnering with Appalachian Power, Gigabeam
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Facebook, Appalachian Power and Gigabeam Networks are partnering to bring faster internet to Grayson County residents, the social media giant announced Thursday. The trio of companies will bring fiber-to-the-home and wireless internet to about 6,000 households in Grayson, a Southwest Virginia county with a population of about 15,000. Gigabeam will begin offering internet service in