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Recent Articles from Robyn Sidersky
Noblis announces new CEO
Noblis Inc. President and CEO Amr ElSawy will step away in October after 15 years leading the company, the Reston-based not-for-profit federal contractor announced this week. Mile Corrigan, senior vice president of Noblis’ Federal Civilian Solutions (FCS) division, has been named executive vice president and will become president and CEO when ElSawy leaves. “During Amr’s […]
Allianz promotes North American CEO to global position
Henrico County-based travel insurance company Allianz Partners USA has promoted CEO Elena Edwards to chief markets officer at the company’s French parent company, Allianz Partners Group. Jeff Wright, the company’s chief financial officer, is succeeding Edwards as CEO of the U.S. business unit. Edwards will retain her position as CEO for North America overseeing the […]
U.Va. creates new center for real estate
The University of Virginia has established a new Center for Real Estate and the Built Environment at the McIntire School of Commerce with a $10 million alumni gift, the university announced Tuesday. The center, which will serve as a hub to bring together U.Va.’s commercial real estate curriculum with university research, is being launched with […]
Amazon to open Augusta County distribution facility
Amazon.com Inc. will open a 1 million-square-foot, nonsortable fulfillment center in Augusta County, creating 500 jobs, Gov. Glenn Youngkin announced Wednesday. The facility at 32 Trader Road in Fishersville will open in spring 2023 and will pick, pack and ship bulky or larger-sized items, such as patio furniture, outdoor equipment or rugs. “This new 1 […]
Churchill Downs to buy Colonial Downs, Rosie’s parent company
Churchill Downs Inc., known for the Kentucky Derby, has entered an agreement to acquire Peninsula Pacific Entertainment LLC (P2E), the parent company of Colonial Downs Group and Rosie’s Gaming Emporiums, for $2.485 billion, the company announced Tuesday morning. CDI’s acquisition includes properties not only in Virginia but also Waterloo, New York, and Sioux City, Iowa. […]
Tegna to sell for $5.4B to hedge fund
Tysons-based broadcast and digital media giant Tegna Inc. will be acquired in a $5.4 billion cash deal by an affiliate of Standard General, the company announced Tuesday morning. New York hedge fund Standard General, one of Tegna’s largest shareholders, and New York-based private equity firm Apollo Global Management will buy Tegna for $24 per share […]
DHG to merge with BKD, forming top 10 accounting firm
The fifth-largest accounting firm operating in Virginia, Dixon Hughes Goodman LLP, is merging with Springfield, Missouri-based BKD CPAs & Advisors to form a combined top 10 accounting firm with $1.4 billion in revenue, the two firms announced Thursday. The “merger of equals” will be effective June 1, a company spokesperson said. The new firm will […]
Capital Automotive Real Estate acquired for $3.8B
McLean-based Capital Automotive Real Estate Services Inc. has been acquired by Los Angeles-based investment management firm Ares Management Corp. for $3.8 billion, Ares announced Thursday. Ares bought the company from a Brookfield private real estate fund, according to a news release from Ares. The purchase was made with funds managed by Ares’ alternative credit strategy […]
Va. Beach shopping center sells for $5.9M
The Indian River Shopping Center in Virginia Beach has been sold for $5.9 million, Cushman & Wakefield | Thalhimer announced Wednesday. JFS Real Estate LLC purchased the 89,189-square-foot shopping center from Indian River Shopping Center Land LLC as an investment. The shopping center, which includes a Food Lion and Burlington, is located at 880 S. […]
Florida firm buys two Henrico buildings for nearly $19M
Hollywood, Florida-based investment group Savlan Capital announced Monday that it has purchased two medical offices in Henrico County for $18.96 million. The buildings are part of the Windsor Business Park in the western part of the county and were bought from Newport Beach, California-based REIT Modiv. Savlan acquired a 51,800-square-foot flex building at 8575 Magellan […]
