Fairfax County, Virginia

Virginia sees Q2 tech job growth amid COVID-19, fueled by Fairfax County; state shines in business climate rankings

Friday, July 31, 2020 - 10:05pm

Three Virginia-based employers named in the Dice report General Dynamics, Leidos and Booz Allen Hamilton are all headquartered in Fairfax County.

Key Points: 
  • Three Virginia-based employers named in the Dice report General Dynamics, Leidos and Booz Allen Hamilton are all headquartered in Fairfax County.
  • In terms of year-over-year changes, Virginia was the only state in Dices top four list to report an increase in quarterly job postings.
  • In comparison, Dice reported declines in California, Texas and New York job postings of 28 percent, 2 percent and 34 percent, respectively.
  • During 2019 and 2020, name-brand tech companies have chosen Fairfax County and Northern Virginia to expand their footprint: Microsoft, Amazon Web Services, Google and Facebook all made location decisions in Fairfax County since Q2 2019.

Fairfax Africa Holdings Corporation: Second Quarter Financial Results

Thursday, July 30, 2020 - 10:16pm

The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)

Key Points: 
  • The financial results are prepared using the recognition and measurement requirements of International Financial Reporting Standards, except as otherwise noted, and are unaudited.)
  • TORONTO, July 30, 2020 (GLOBE NEWSWIRE) -- Fairfax Africa Holdings Corporation (TSX: FAH.U) announces a net loss of $4.2 million in the second quarter of 2020 ($0.07 net loss per diluted share), compared to a net loss of $16.2 million in the second quarter of 2019 ($0.27net loss per diluted share), reflecting decreased net unrealized losses on investments in the quarter.
  • In connection with the Transaction, Fairfax Africa will sell its 42.4% equity interest in Atlas Mara to Fairfax for an aggregate purchase price of $40 million.
  • We believe this partnership will be good for Africa, the shareholders of Fairfax Africa and Helios and the employees of both organizations," said Prem Watsa, Chairman and CEO of Fairfax Financial Holdings Limited.

The RMR Group and Coakley Prosperity of Virginia, LLC Announce New 12,723 Square Foot Lease at 2677 Prosperity Avenue in Fairfax, VA

Monday, July 27, 2020 - 1:00pm

The RMR Group Inc. (Nasdaq: RMR) announced that KBR signed a new 10-year lease for 12,723 square feet at 2677 Prosperity Avenue in Fairfax, VA.

Key Points: 
  • The RMR Group Inc. (Nasdaq: RMR) announced that KBR signed a new 10-year lease for 12,723 square feet at 2677 Prosperity Avenue in Fairfax, VA.
  • Located within walking distance of the Dunn Loring-Merrifield Metro Station, 2677 Prosperity Avenue offers commuters easy access to Interstate 66 and Interstate 495.
  • The property is owned in a joint venture between Office Properties Income Trust (Nasdaq: OPI) and Coakley Prosperity of Virginia, LLC.
  • The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC.

MainStreet Bank Appoints New Business Banking Director

Wednesday, July 22, 2020 - 1:00pm

FAIRFAX, Va., July 22, 2020 /PRNewswire/ --MainStreet Bancshares, Inc., (Nasdaq: MNSB), parent company of MainStreet Bank, announced today that Thomas Cary has been appointed to lead MainStreet Bank's Business Banking division.

Key Points: 
  • FAIRFAX, Va., July 22, 2020 /PRNewswire/ --MainStreet Bancshares, Inc., (Nasdaq: MNSB), parent company of MainStreet Bank, announced today that Thomas Cary has been appointed to lead MainStreet Bank's Business Banking division.
  • About MainStreet Bank: MainStreet Bank operates seven branches in Herndon, Fairfax, Fairfax City, McLean, Leesburg, Clarendon and Washington, D.C.
  • With robust and easy-to-use online business banking technology, MainStreet has "put our bank" in over 1,000 businesses in the metropolitan area.
  • MainStreet Bank was the first community bank in the Washington, DC metropolitan area to offer a full online business banking solution.

MainStreet Bank Appoints New President

Monday, July 20, 2020 - 1:00pm

FAIRFAX, Va., July 20, 2020 /PRNewswire/ -- MainStreet Bancshares, Inc., (Nasdaq: MNSB) parent company of MainStreet Bank announce the promotion of Abdul Hersiburane, Executive Vice President and Director of Business Banking, to the role of President.

Key Points: 
  • FAIRFAX, Va., July 20, 2020 /PRNewswire/ -- MainStreet Bancshares, Inc., (Nasdaq: MNSB) parent company of MainStreet Bank announce the promotion of Abdul Hersiburane, Executive Vice President and Director of Business Banking, to the role of President.
  • "Working with Chris and Jeff to build our branch-lite Bank has been an incredible journey," said Abdul Hersiburane, President of MainStreet Bank.
  • About MainStreet Bank: MainStreet Bank operates seven branches in Herndon, Fairfax, Fairfax City, McLean, Leesburg, Clarendon and Washington, D.C.
  • MainStreet Bank was the first community bank in the Washington, DC metropolitan area to offer a full online business banking solution.

Fairfax Announces Conference Call

Friday, July 17, 2020 - 10:03pm

The call, consisting of a presentation by the company followed by a question period, may be accessed at (888) 390-0867 (Canada and U.S.) or 1 (212) 547-0141 (International) with the passcode FAIRFAX.

Key Points: 
  • The call, consisting of a presentation by the company followed by a question period, may be accessed at (888) 390-0867 (Canada and U.S.) or 1 (212) 547-0141 (International) with the passcode FAIRFAX.
  • A replay of the call will be available from shortly after the termination of the call until 5:00 p.m. Eastern Time on Friday, August 14, 2020.
  • The replay may be accessed at (800) 568-5428 (Canada and U.S.) or 1 (402) 344-6795 (International).
  • Fairfax is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

Dewberry Welcomes Robert Victor As New Head Of mid-Atlantic Operations

Wednesday, July 15, 2020 - 12:31pm

FAIRFAX, Va., July 15, 2020 /PRNewswire/ -- Dewberry, a privately held professional services firm, has announced that Robert Victor, PE, F.ASCE, has joined the firm as an operating unit manager to lead its mid-Atlantic engineering operations, based in Fairfax, Virginia.

Key Points: 
  • FAIRFAX, Va., July 15, 2020 /PRNewswire/ -- Dewberry, a privately held professional services firm, has announced that Robert Victor, PE, F.ASCE, has joined the firm as an operating unit manager to lead its mid-Atlantic engineering operations, based in Fairfax, Virginia.
  • As the new operating unit manager for Dewberry's mid-Atlantic region, Victor will oversee a staff of more than 350 employees across 11 offices.
  • "We are thrilled to welcome Robert to Dewberry," says Dewberry President Darren Conner, PE.
  • Established in 1956, Dewberry is headquartered in Fairfax, Virginia, with more than 50 locations and 2,000+ professionals nationwide.

Proposed Strategic Transaction Between Helios Holdings Limited and Fairfax Africa Holdings Corporation

Friday, July 10, 2020 - 2:54pm

The Helios Holdings Group will contribute certain economic streams (from the management and performance fees arising from current and future Helios funds) to Fairfax Africa in exchange for a 45.9% equity and voting interest in the pro forma share capital of Fairfax Africa (the Transaction).

Key Points: 
  • The Helios Holdings Group will contribute certain economic streams (from the management and performance fees arising from current and future Helios funds) to Fairfax Africa in exchange for a 45.9% equity and voting interest in the pro forma share capital of Fairfax Africa (the Transaction).
  • Fairfax Financial Holdings Limited (Fairfax Financial) will retain voting control of the combined entity.
  • On closing of the transaction, Fairfax Africa will be renamed Helios Fairfax Partners Corporation (HFP) and continue to be listed on the Toronto Stock Exchange.
  • Prem Watsa, Chairman and CEO of Fairfax Financial Holdings Limited added:
    We are excited to partner with Tope and Babatunde in establishing Helios Fairfax Partners.

15 Hiring Companies Headline July 14 Fairfax County EDA Virtual Career Fair for Tech Professionals

Thursday, June 25, 2020 - 6:51pm

Microsoft, Amazon Web Services and 13 other leading tech companies in Northern Virginia are bringing recruiters to a virtual career fair that the Fairfax County Economic Development Authority is presenting July 14 to help mid-career tech professionals find jobs.

Key Points: 
  • Microsoft, Amazon Web Services and 13 other leading tech companies in Northern Virginia are bringing recruiters to a virtual career fair that the Fairfax County Economic Development Authority is presenting July 14 to help mid-career tech professionals find jobs.
  • The Tech Virtual Career Fair is the latest FCEDA response to the COVID-19 crisis by connecting job-seekers with companies that are hiring now.
  • The Tech Virtual Career Fair is the second online hiring event presented by the FCEDA.
  • The Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center.

Trustar Bank Announces New Branch Location in Reston, VA

Thursday, June 25, 2020 - 5:46pm

Trustar Bank is pleased to announce its continued retail expansion, further deepening its commitment to the Northern Virginia community.

Key Points: 
  • Trustar Bank is pleased to announce its continued retail expansion, further deepening its commitment to the Northern Virginia community.
  • The newest location, opened on June 22, 2020, is conveniently located at The Spectrum at Reston Town Center (1817 Fountain Drive Reston, VA 20190).
  • Since opening in July 2019, Trustar Bank has expanded rapidly with plans to continue that expansion throughout the coming years.
  • About the Bank - Trustar Bank is a full-service bank offering comprehensive banking products and services to small- and medium-sized businesses and consumers.