Virginia Tech has announced plans to complement Amazon’s new Northern Virginia offices with a $1 billion investment of its own just a couple miles down the road. The university plans to build a 1 million-square-foot, technology-focused campus in Alexandria as part of a higher-education package that was part of Amazon’s selection of Virginia for a new headquarters. … Read more at American Innovation.
Insight Venture Partners to Acquire Interfolio
District-based Interfolio, which makes software for college and university faculty members, is set to be acquired by Insight Venture Partners. Interfolio did not disclose terms, but a source familiar with the deal said the price was set at more than $110 million. … Read more at the Washington Business Journal.
Cybrary to Relocate from Greenbelt to College Park
Maryland cybersecurity training startup Cybrary is planning to move its headquarters from Greenbelt to College Park and is looking to hire, according to cofounder Ryan Corey. The three-year-old company is currently headquartered in a 3,500 sq. ft. space in Greenbelt. … Read more at Technical.ly DC.
NIH Awards $3.9 Million to Maryland Researchers for HIV Treatment
A team of Maryland researchers is leading an effort to develop a new HIV treatment that harnesses the body’s immune system to fight disease. …The National Institutes of Health recently awarded a $3.9 million grant to develop the immunotherapy treatment for HIV-1, which is one of the most common viruses that causes AIDS. … Read more at Technical.ly Baltimore.
RESIDENTIAL REAL ESTATE
College Park Student Housing Complex Sells to $235 Million
A student housing complex next to the University of Maryland College Park campus has just sold for a record price. Charleston, South Carolina-based Greystar and Boston-based Rockpoint Group sold the University View building to an undisclosed buyer for $235 million, CBRE announced Monday. … Read more at BisNow.
Maryland Tourism Generated $2.4 Billion in Tax Revenue Last Year
Visitors to Maryland spent more than $17 billion in calendar year 2017, up 2.1 percent from the previous year, officials announced today at the Maryland Tourism and Travel Summit. The study, conducted by Tourism Economics, also showed that $2.4 billion in state and local taxes were generated by visitors, which saved every Maryland household $1,100. … Read more at Open Maryland.