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Bechtel subsidiary wins $872M Navy contracts
A subsidiary of Reston-based global engineering, construction and project management company Bechtel Group Inc. won a pair of contract modifications, totaling about $872 million, from the U.S. Navy, the Department of Defense announced Monday. Monroeville, Pennsylvania-based Bechtel Plant Machinery Inc., has been awarded a $621.9 million cost-plus-fixed-fee modification to a previously awarded cont[...]
Ashburn Walgreens store sells for $9M
A Walgreens drugstore retail location in Ashburn sold for $9 million on Dec. 1, according to Loudoun County online property records. Tater Ashburn LLC purchased the 88,862-square-foot building at 20321 Susan Leslie Drive from Wirrulla Livermore LLC. The building sits on about two acres of land and is leased to Walgreens. Marcus & Millichap Capital […]
Northrop Grumman subsidiary lands $1.4B Army contract
The U.S. Army awarded a subsidiary of Falls Church-based Northrop Grumman Corp. a $1.38 billion contract to work on the Integrated Battle Command System, the Department of Defense announced Dec. 23. The hybrid contract was awarded to Northrop Grumman Systems Corp. by the U.S. Army Contracting Command out of Restone Arsenal, Alabama. The contract is […]
$40.8M apartment building in Alexandria sells
A 227-unit apartment building in Alexandria assessed at $40.8 million sold for an undisclosed sum, JLL Capital Markets announced Tuesday. JLL Capital Markets arranged a three-year $34.34 million loan for commercial real estate company Washington Property Co., which brought the property from 100 South Reynolds LLC. The loan was secured through MetLife Investment Management. Located […]
Homes inventory declined sharply last month in Va.
Virginia’s inventory of homes continues to decline, but buyer demand remains high, according to a report released Tuesday by Virginia Realtors. At the end of November, there were 16,242 active listings across the commonwealth, nearly 25% fewer than the same time last year. The rate of decline in homes on the market slowed down over […]
Tysons Partnership names acting exec. director
Tysons Partnership Inc. has named Richard Bradley, principal at Washington, D.C.-based The Urban Partnership LLC, as the organization’s acting executive director, effective Jan. 1. Bradley succeeds Tysons Partnership President and CEO Sol Glasner, who is stepping down Dec. 31. Glasner announced his retirement in August after serving in the position for about four years and […]
ICF International to acquire Creative Systems and Consulting
Fairfax-based management consulting firm ICF International Inc. has entered into a definitive agreement to acquire McLean-based IT federal contractor Creative Systems and Consulting, ICF announced Tuesday. The financial terms of the acquisition were not disclosed. Founded in 1969, ICF has about 7,500 employees. Creative was founded in 2010 and has 270 employees and “a full […]
Alpine-X names Olympian Bode Miller as chief innovation officer
McLean based indoor snow sports resort developer Alpine-X LLC has named Olympic alpine ski racer Bode Miller its chief innovation officer, the company announced Wednesday. Miller, who has won six Olympic medals, owns consulting and professional services group M BAR W Enterprises LLC with Andy Wirth. “Alpine-X is advancing a creative, visionary and inclusive approach […]
Commercial real estate sales roundup
Central Virginia A Starbucks at 2627 Emmet St. North in Charlottesville has been sold for $3.85 million, Cushman & Wakefield | Thalhimer announced Dec. 3. Riverbend Development sold the 2,317-square-foot freestanding building, which includes a Wells Fargo ATM. The transaction was completed by Catherine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group. Landmark [&he[...]
Sterling warehouse sells for $20.8M
Washington, D.C.-based financial technology company Fundrise has purchased a 76,500-square-foot warehouse located at 22480 Randolph Drive in Sterling for $20.8 million, Edge Capital Markets announced Thursday. Edge Capital Markets declined to name the seller. The warehouse is in Broad Run Business Park near the intersection of Randolph Drive and Moran Road, north of Dulles International […]
Metro to keep reduced service levels through end of year
Metro customers will see reduced rail service through the end of the year, the Washington Metropolitan Area Transit Authority announced Monday. The transit system authority attributed the disruption to its 7000-series fleet, the newest rail cars, still being out of service. These trains make up much of Metro‘s fleet but have been sidelined since October. […]
MWAA creates diversity, inclusion, social impact VP post
The Metropolitan Washington Airports Authority, which oversees the Reagan Washington National Airport and Washington Dulles International Airport, created a new Office of Diversity, Inclusion and Social Impact on Wednesday, to be led by Tanisha Lewis, a 21-year veteran of the authority. Lewis was named the authority’s first vice president of diversity, inclusion and social impact, […]
