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Manassas shopping center sells for $19.45M
The Portsmouth Station Shopping Center in Manassas has sold for $19.45 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. The 147,305-square-foot shopping center is 78% leased to 20 tenants and anchored by Regency Furniture and Aldi. The property has two multitenant buildings and a corporately leased 7-Eleven outparcel. Falls Church-based Petroleum Marketi[...]
NoVa biz leaders optimistic about recovery
Northern Virginia businesses are optimistic about economic recovery but are feeling the effects of labor shortages, according to the 2021 Northern Virginia Workforce Index released Wednesday by Northern Virginia Community College and the Northern Virginia Chamber of Commerce. Fifty-one percent of employers said that they felt “somewhat optimistic” and 24% felt “very optimistic” abo[...]
NoVa office space market improves after pandemic disruption
The Northern Virginia office real estate market showed improvement in leasing activity and occupancy loss in the third quarter, following four quarters of disrupted activity, according to a report released by commercial real estate services and investment firm CBRE Group Inc. this week. Gross leasing activity held steady from the second quarter, ending the third […]
DXC moves HQ to Ashburn, shifts to ‘virtual first’
Fortune 500 IT services company DXC Technology is leaving Tysons for a smaller headquarters in Ashburn in November, the company announced this week. DXC’s new 10,000-square-foot building is located at One Loudoun in Ashburn. The new corporate headquarters will reflect the shift to a virtual-first mentality. Employees can work from anywhere and use the office […]
Alpine-X opens crowdfunding campaign to public investors
Alpine-X LLC, a McLean-based indoor snow sports company, announced a crowdfunding campaign to open the stock to public investors. The offering — started on crowdfunding site Republic — allows accredited and non-accredited investors to own a piece of the McLean-based company that is planning a national chain of indoor ski resorts. So far, more than […]
Noblis lands $263M Defense contract
Reston-based not-for-profit federal contractor Noblis has won a five-year, $263 million contract from the Department of Defense’s Defense Threat Reduction Agency to implement the Cooperative Threat Reduction program, the company announced Tuesday. Under the contract, Noblis will deliver advisory services that will advance the CTR program’s mission to work cooperatively with partners an[...]
AMSG promotes COO to CEO
Dumfries-based Advanced Management Strategies Group Inc. has named Jim O’Farrell as its new CEO, effective Tuesday. O’Farrell joined AMSG, a management and technology consulting firm with the Virginia Values Veterans (V3) certification, in 2010 as president and chief operating officer. He replaces Mike McCormick, the company’s founder. O’Farrell has led the AMSG’s gro[...]
Parsons names new president of engineered systems business
Centreville-based defense contractor Parsons Corp. has promoted Jon Moretta as president of the engineered systems business unit, the company announced Monday. Moretta joined Parsons in 2016 and most recently served as the industrial market leader in the company’s critical infrastructure business segment. Under his leadership, Parsons’ industrial business managed the world’s larg[...]
1.9M-square-foot industrial park being built in Stafford
The Fairfax-based Peterson Cos. is building a 1.9 million-square-foot development in a 270-acre industrial park in Stafford County, and JLL will oversee the leasing, the companies announced Friday. Northern Virginia Gateway, which is expected to be built out within a year, is on Centreport Parkway, off Interstate 95. “Peterson’s initial foray into the metro D.C. […]
Alexandria-based SBG acquired by Fla. company
Alexandria-based defense contractor SBG Technology Solutions Inc. has been acquired by Florida-based Document Storage Systems Inc. (DSS), the companies announced last week. The financial terms of the deal, which was completed Sept. 8, were not disclosed. SBG will operate as a wholly-owned subsidiary of DSS and expand the company’s capabilities for the Department of Veterans […]
Tegna confirms acquisition offers
Tysons-based broadcast and digital media corporation Tegna Inc. has received acquisition bids of more than $8 billion from Apollo Global Management Inc. and media mogul Byron Allen, according to media reports. The news comes more than a year after previous purchase proposals fell through in March 2020 amid the dawning of the coronavirus pandemic. Bloomberg […]
U.Va. opens Northern Virginia campus
The University of Virginia announced Wednesday it has opened a campus in the Rosslyn neighborhood of Arlington, with plans to expand to other sites in the region. The campus in Northern Virginia will be called UVA|NOVA. “UVA|NOVA will be the center point of our efforts to better serve the commonwealth by bringing new academic programming […]
