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Recent Articles from Sydney Lake
KATHRYN FALK
Kathryn Falk’s interest in politics led to her career in telecommunications. After working as a congressional aide, she saw women entering the cable broadband industry and realized she, too, wanted to join. “The industry is so unique because it’s not a utility. I mean, we think of it as a utility today, [but] it was […]
JEN FLINCHUM
Before video conferencing existed, Jen Flinchum was a trailblazer for remote work. Women made up a small portion of the professional accounting workforce in the 1990s, and she wanted to change that. Flinchum joined Keiter CPAs, a certified public accounting firm, in 1999 and is now a partner specializing in tax planning and compliance. She […]
Back to work
Although the nation’s commercial real estate market is still lagging for the most part, that isn’t the case in Charlottesville, where fresh new multiuse projects have perked up interest in workspaces. The nationwide vacancy rate for office space in the first quarter of 2022 was a rather dreary 15.7%, according to Yardi Matrix, a commercial […]
Albemarle’s industrial age
In Albemarle County, industrial space, not office or retail, “has been the bright spot in commercial real estate” in terms of demand, says Lisa Sturtevant, research leader at Bright MLS Inc. “All of a sudden, there’s been a big rush for industrial space,” she says, but adds, “Good luck in finding it right now.” Albemarle […]
Legal review
In law firms across Virginia, power is now definitely on the side of individual attorneys, who can command larger salaries and other perks so long as they’re willing to cope with heavier workloads. As demand for legal services has soared, the number of lawyers available to perform that work has slumped, leaving even the most […]
Great responsibility
“Business can be a force for good. I absolutely believe it,” says Byron L. Boston, CEO and co-chief investment officer of Glen Allen-based real estate investment trust Dynex Capital Inc. “CEOs have an obligation to use profit to do positive things in the community.” Boston and 11 other prominent Black business and nonprofit leaders spoke […]
Wind of change
Over its 120 years, Hunton Andrews Kurth LLP has seen — and made — a lot of history. Since a quartet of ambitious and talented Richmond attorneys joined forces in 1901 to start the law firm of Munford, Hunton, Williams & Anderson, the practice has not only produced an array of legal luminaries, including U.S. […]
All in the family
In the popular HBO TV series “Succession,” members of the Roy clan scheme, lie and backbite in an attempt to take over the family’s media empire once the patriarch steps down. The show, which reportedly filmed scenes in Richmond in May for its third season, is a satiric festival of twisted relationships and family dysfunction, […]
Clean slate
On April 17, 2020, with a flourish of the pen, Virginia Gov. Ralph Northam reshaped the future of energy production in the commonwealth. Signing the Virginia Clean Economy Act (VCEA) into law last year, Northam declared that Virginia would become a leader in fighting climate change, and, indeed, no other Southern state has passed legislation […]
Tech support
In summer 2025, George Mason University is scheduled to open a distinctive, $168 million, 360,500-square-foot glass-and-steel tower on its Virginia Square campus in Arlington. Inside its walls, the university’s commitment to innovation, entrepreneurship and the creation of a tech-savvy workforce will be on full display. In its 60-odd years of existence, Mason’s unwavering fealty to […]
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 […]
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 […]
$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. […]
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 […]
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. […]
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 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 […]
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 […]
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 […]
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 […]
U.Va. Community Credit Union names chief lending officer
The University of Virginia Community Credit Union announced Monday it has hired Joe Raichel as its first chief lending officer. With more than 23 years of experience in the financial services industry, Raichel most recently served as a senior vice president with Wells Fargo. He will report directly to U.Va. Credit Union President and CEO […]
Vienna, Arlington government contractors merge
Vienna-based government contractor The Ambit Group and Arlington-based IT company GreenZone Solutions Inc. have merged. Financial terms of the transaction were not disclosed. The combined company will operate under the Ambit brand. Founded in 2004, Ambit provides mission-driven services for government customers, while GreenZone specializes in data management, operations, science and analytics. Und[...]
San Francisco space data firm to merge with Reston SPAC to go public
San Francisco-based space-based data and analytics firm Spire Global Inc. announced Monday it will merge with Reston-based special purpose acquisition company NavSight Holdings Inc. to become a public company. Financial terms of the transaction were not disclosed, but it values the combined company at $1.6 billion and is expected to produce $475 million in gross […]
Tysons analytics firm Qomplx plans to go public
Tysons-based risk analytics firm Qomplx Inc. announced Monday its plan to go public through a merger agreement with Tailwind Acquisition Corp., a special purpose acquisition company backed by Philip Krim, co-founder and CEO of online mattress retailer Casper Sleep Inc. The deal values Qomplx, which will be listed on the New York Stock Exchange under […]
Huntington Ingalls wins $213.9M Navy contract
The U.S. Navy awarded Newport News-based Huntington Ingalls Industries a $213.9 million follow-on contract to perform engineering services for San Antonio-class amphibious transport docks, the U.S. Department of Defense announced Friday. Under the contract, HII’s Ingalls Shipbuilding division in Pascagoula, Mississippi, will help the Navy manage engineering changes, integrate systems and provide[...]
Altamira Technologies names new CEO
McLean-based Altamira Technologies Corp. announced Friday it has hired Jane Chappell as its new CEO. Chappell most recently worked for Raytheon Corp. as vice president of its global intelligence solutions mission area of its intelligence, information and services business. She succeeds retiring Altamira CEO Ted Davies. “Jane’s executive leadership and lifelong commitment to the national [&he[...]
Leonardo DRS files IPO registration
The Italian federal defense contractor Leonardo announced Friday it has filed a registration statement with the Securities and Exchange Commission for an planned initial public offering (IPO) of its U.S. subsidiary, Arlington-based Leonardo DRS. The $2.54 billion IPO could take place in March, according to reports from Reuters. Leonardo did not release the official amount […]
Three Va. companies land spots on $4.45B Air Force contract
The U.S. Air Force has awarded positions on a potential 10-year, $4.45 billion contract to three Virginia-based companies, the U.S. Department of Defense announced Friday. Reston-based General Dynamics Corp., Herndon-based ManTech and Falls Church-based Northrop Grumman Corp. were awarded spots on the contract to provide security services under DOD’s Special Access Program. Under the contract, [[...]
Maximus acquires Attain fed biz for $430M
Reston-based government services company Maximus announced Monday it has acquired the federal division of McLean-based Attain LLC for $430 million. With more than 30,000 employees worldwide and $2.8 billion in 2019 revenues, Maximus promotes itself as the nation’s largest Medicaid enrollment administrator. The company was founded in 1975 and provides business process management and technology [&[...]
Richmond office building sells for $29.5M
An office building in downtown Richmond has sold for $29.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday. The 140,573-square-foot Edgeworth Building is located at 2100 East Cary Street and was once a tobacco factory. It is 95% leased to Hirschler, RK&K, Ernst & Young and HKS Architects. Originally built in 1925, […]
