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Home>Rich Griset

Rich Griset

Recent Articles from Rich Griset

Alexandria’s shuttered Landmark Mall served as a set for “Wonder Woman 1984.” It’s slated for demolition to make way for a mixed-use development anchored by a $1 billion Inova Health System hospital. Photo courtesy Warner Bros. Pictures
Real Estate March 30, 2021

Saving the day

Running from police, an unremarkable bad guy with sandy hair suddenly grabs a little girl and dangles the young hostage from the third floor of a mall atrium. As a gaggle of nonplused bad guys decked out in ’80s pastels and John Oates mustaches look on, the skylight above shatters. It’s Wonder Woman, swooping into […]

Real Estate March 28, 2021

Commercial real estate leasing roundup

Central Virginia Environmental Quality Resources LLC renewed its lease of 32,670 square feet of industrial space at 11131 Progress Road in Ashland. Gregg W. Beck of Thalhimer handled the lease negotiations on behalf of the landlord. Surplus Freight has leased 16,361 square feet of retail space at Park South Shopping Center, 798 Southpark Blvd. in […]

News March 26, 2021

$68M Mosaic apartment tower coming to Chesapeake’s Summit Pointe

Construction will begin April 1 on Mosaic, a $68 million, six-floor mixed-use tower coming to Chesapeake’s Summit Pointe development, according to a March 25 announcement from Summit Pointe Realty LLC. Mosaic is a continuation of the second phase of the Summit Pointe mixed-use development, which is located on 69 acres in Chesapeake’s Central Business District. […]

JBG Smith is building two residential towers in National Landing.
Real Estate March 26, 2021

Construction begins on residential towers in National Landing

Developer JBG Smith announced Friday that it has begun construction on two residential towers at 1900 Crystal Drive in National Landing. The development will include 808 apartments and approximately 40,000 square feet of street-level retail across from two new mixed-use buildings. The 27-story southern tower will include 471 apartments; the 26-story northern tower will include […]

PNSC has purchased a 7,500-square-foot building with the intent to renovate.
Real Estate March 26, 2021

Chesapeake office building sells for $1.25M

PNSC LLC purchased a 7,500-square-foot office building at 501 Baylor Court in Chesapeake for $1.25 million, Cushman & Wakefield | Thalhimer announce on March 22. PNSC purchased the building from BCGMR LLC as an investment. The purchaser plans to renovate a portion of the building and locate Progressive Neurology and Sleep Center to this location. […]

Streets of Greenbrier has been acquired by Capital Square.
Real Estate March 26, 2021

Capital Square buys Chesapeake apartment complex for $67.25M

Henrico County-based real estate investment company Capital Square has acquired Streets of Greenbrier apartments in Chesapeake for $67.25 million. Located at 929 Wintercress Way, the 280-unit multifamily community sits on 13.78 acres. Constructed in 2013, the community consists of nine residential buildings and includes studio, one-, two- and three-bedroom units ranging in size from 516 […]

Norfolk’s Princess Court Apartments have been purchased for $1.96 million.
Real Estate March 26, 2021

Norfolk apartments sell for $1.96M

A Northern Virginia-based investment group has purchased the 30-unit Princess Court Apartments in Norfolk for $1.96 million, Cushman & Wakefield | Thalhimer announced on March 23. Located at 3724, 3800 and 3814 E. Princess Anne Road, the complex was purchased from Princess Court Apartments LLC. The name of the purchaser was undisclosed. Clark Simpson of […]

People March 25, 2021

Arlington software company hires chief people officer

Arlington-based software developer Higher Logic announced on March 16 that it has hired Joanna Luth as its new chief people officer. Luth is a human resources executive with more than 20 years of experience. Prior to joining Higher Logic, Luth served as the chief people officer for Georgia-based software company Intradiem and vice president of […]

News March 25, 2021

Fairfax company wins $484M DOD contract

On Tuesday, Fairfax-based software company Salient CRGT Inc. announced it had been awarded the first of four options on a potential $482 million award supporting the U.S. Department of Defense’s (DOD) specialized information technology systems and warfighter networks. The five-year, single-award contract is named SANDBAR and was initially awarded in September 2019 as a competitive […]

News March 24, 2021

AT&T inks $231M U.S. Treasury contract

AT&T Inc. announced Tuesday it has been awarded a $231 million contract from the U.S. Department of Treasury to modernize its voice and data networks and provide cybersecurity protections. The contract was landed by AT&T‘s Public Sector organization, which is based in Fairfax County‘s Oakton area. The 12-year contract was awarded through the General Service […]

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Top Stories

Supreme Court allows Trump’s federal job cuts plan

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Officials envision new life for shuttered state campus

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