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Recent Articles from Katherine Schulte
U.S. Senate Federal Credit Union opens new Alexandria HQ
United States Senate Federal Credit Union (USSFCU) held a grand opening for its Braddock Station corporate headquarters and retail branch in Alexandria on Wednesday. USSFCU selected 1310 Braddock Place, previously home to the National Industries for the Blind, in 2018. The new Bowman Branch on the first floor replaces the credit union’s Eisenhower Avenue location. […]
Sugar alternative company to create 64 jobs in Albemarle County
Virginia sugar alternatives company Bonumose Inc. will invest $27.7 million to expand in Albemarle County in a partnership with The Hershey Co. to research and develop reduced or zero sugar chocolate products, creating 64 jobs, Gov. Ralph Northam announced Thursday. Bonumose will move into 36,000 square feet in the former State Farm building to increase […]
CGI Building in Fairfax sells for $55.3M
The CGI Building in Fairfax sold for $55.3 million on Oct. 5. Located at 12601 Fair Lakes Circle, the 10-story office building is 259,511 square feet and occupies 8.36 acres. It is 88% leased to four tenants, primarily government contractors, and anchored by CGI Federal Inc., part of CGI Inc. The property was recently renovated […]
Apartment buildings in Petersburg sell for $9.4M
The High Street Lofts in Petersburg sold for $9.4 million, Colliers | Virginia announced Wednesday. Located at 420, 422 and 526 High St., the lofts have an estimated 75,650 square feet of rentable space, and the 69 units are all occupied. Originally constructed as the Seward Luggage and Trunk Co.’s factory, the properties were redeveloped: […]
U.Va. nursing school dean elected International Council of Nurses president
University of Virginia School of Nursing Dean Pamela Cipriano was elected as the 29th president of the International Council of Nurses at the group’s Council of National Nursing Association Representatives on Oct. 6. Cipriano, who is also the U.Va. Sadie Health Cabaniss Professor of Nursing, was president of the American Nurses Association from 2014 to […]
General Dynamics subsidiary wins $482M contract modification
A subsidiary of Reston-based Fortune 100 contractor General Dynamics Corp. won a $482 million modification for a previously awarded U.S. Navy contract, the Department of Defense announced Friday. Under the cost-plus-fixed-fee modification from Naval Sea Systems Command, Groton, Connecticut-based General Dynamics Electric Boat Corp. will continue to provide lead yard support, as well as development[...]
Bowman Consulting Group acquires Denver engineering firm
Reston-based civil engineering company Bowman Consulting Group Ltd. has acquired Denver-based building services engineering firm PCD Engineering Inc., it announced Monday. Financial terms of the transaction were not disclosed, but the acquisition was financed with a combination of cash, seller financing and stock. Bowman expects the company to initially contribute about $2.5 million of annual [&he[...]
65 acres in Greene County sell for $4.55M
Sixty-five acres in Ruckersville, in Greene County, sold for $4.55 million, Cushman & Wakefield | Thalhimer announced Monday. Merrit Greene LLC bought the acreage, located at 7070 Seminole Trail, from LAMM Properties LLC for future mixed-use development. John Pritzlaff and Jenny Stoner with Cushman & Wakefield | Thalhimer handled the sale on behalf of the […]
Cushman & Wakefield acquires Thalhimer’s S.C. operations
Chicago-based real estate firm Cushman & Wakefield announced last week that it had acquired the South Carolina operations of its alliance member, Glen Allen-based Morton G. Thalhimer Inc. The acquisition includes three offices located in Charleston, Greenville and Columbia. Financial details of the transaction were not disclosed. “We are thrilled to have Thalhimer’s South Carolina [&hellip[...]
Developer breaks ground on 20-story apartment building in Arlington
Greystar broke ground Wednesday on The Commodore, a 20-story building with 423 apartments in Arlington. Located at 2025 15th St. N. in the Courthouse neighborhood, the building has an expected completion of fall 2023. The ground level will have almost 18,000 square feet of retail space, and the development will have varying apartment sizes, from […]
