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a multi-beam, multi-band ground terminal on a production floor
May 1, 2025

AeroVironment completes $4.1B acqusition of BlueHalo

Arlington County-based defense contractor AeroVironment on Thursday announced that it had successfully completed its $4.1 billion acquisition of Arlington aerospace and defense tech firm BlueHalo.

Photo of a blue tractor trailer with the name Beacon emblazed on the side door.
Apr 29, 2025

QXO completes $11B purchase of Beacon Roofing Supply

Beacon Roofing Supply, a Herndon Fortune 500 roofing material and building supplies company, is now a subsidiary of Connecticut software and tech business QXO after the closing of its $11 billion purchase Tuesday, QXO announced.

Amazon package
Apr 23, 2025

Richmond warehouse complex with Amazon fulfillment center sells for $97.5M

Stream Realty Partners acquires Richmond warehouse campus for $97.5M and 135-acre Chesterfield site, signaling growing interest in the region.

FILE - A TikTok logo is shown on a phone in San Francisco, Friday, Jan. 17, 2025. (AP Photo/Jeff Chiu, File)
Apr 2, 2025

Amazon’s last-minute bid for TikTok comes as a US ban on the platform is set to take effect Saturday

WASHINGTON (AP) — Amazon has put in a bid to purchase TikTok, a Trump administration official said Wednesday, in an eleventh-hour pitch as a U.S. ban on the platform is set to go into effect Saturday. The official, who was not authorized to comment publicly and spoke on the condition of anonymity, said the Amazon offer was made in a […]

Suffolk-based TowneBank plans to acquire Old Point Financial Corporation, the parent company of The Old Point National Bank of Phoebus. Photo by AdobeStock
Apr 1, 2025

TowneBank finalizes $120M acquisition of Village Bank

Suffolk-based TowneBank has completed its acquisition of Midlothian’s Village Bank and its parent company Village Bank and Trust Financial, the bank announced Tuesday. When the companies announced the merger in September, they valued the deal at about $120 million. Village Bank shareholders gave  “overwhelming support” for the merger at a special meeting held in December […]

Danville-Pittsylvania authority invests in history
Mar 31, 2025

Danville-Pittsylvania authority invests in history

Using a $1.89 million loan from the Virginia Small Business Financing Authority, Danville and Pittsylvania County officials plan to purchase about 289 acres adjacent to the Southern Virginia Megasite at Berry Hill. Members of the Danville-Pittsylvania Regional Industrial Facility Authority (RIFA) unanimously agreed in January to move forward with purchasing the land at 5981 Berry […]

Building and parking lot.
Mar 28, 2025

Former Alexandria laser tag arena sells for $6M

The owners of an Alexandria Goddard School, an early childhood learning franchise, plan to open a second location in the city in a 20,000-square-foot building that started out as a roller-skating rink and was later home to a laser tag arena. The private preschool will take up 75% of the building at 5508 Franconia Road […]

An aerial shot of industrial buildings
Dec 27, 2024

Thalhimer subsidiary purchases Dabney Center for $75M

Thalhimer Realty Partners, a Cushman & Wakefield | Thalhimer subsidiary, has purchased Dabney Center, a 56-acre industrial park in Henrico County, for $75.3 million, the company announced Monday. The complex, which includes 14 buildings and encompasses more than 642,000 square feet, was purchased from Brandywine Realty Trust of Philadelphia. Atlantic Union Bank provided financing for […[...]

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Oct 4, 2024

VCU eyes purchasing Altria’s Richmond research facility

Officials with Virginia Commonwealth University are discussing with the Altria Group the possibility of buying its 450,000-square-foot research building in downtown Richmond, the two parties acknowledged separately this week.  The Altria Center for Research and Technology, which opened in 2007, sits on more than four acres at 600 E. Leigh St. and is assessed for […]

Norfolk’s MacArthur Center may meet the wrecking ball
Jun 7, 2023

Norfolk City Council votes to purchase MacArthur Center

On Wednesday evening during a special meeting, Norfolk City Council members approved plans for the city to purchase the struggling MacArthur Center mall downtown for up to $18 million.  The 23-acre MacArthur Center is owned by Wells Fargo & Co., which holds the mall following a loan default by the mall’s previous owner, Connecticut-based Starwood […]

Aug 8, 2022

SES completes $450M purchase of Leonardo DRS satellite biz

Reston-based satellite telecommunications company SES Government Solutions has completed its $450 million acquisition of Arlington-based Leonardo DRS Inc.’s Global Enterprise Solutions satellite communications subsidiary following receiving regulatory approval. SES Government Solutions, a subsidiary of the Luxembourg-based satellite telecommunications network company, announced the deal̵[...]

The Acacia Group acquires Atlanta consulting firm
May 26, 2022

The Acacia Group acquires Atlanta consulting firm

Tysons-based private equity firm The Acacia Group announced Wednesday that it had acquired Atlanta-based technology, staffing and consulting firm The Baer Group. Financial details of the transaction were not disclosed. The Baer Group will form a new platform business within the Acacia platform. “We see immediate opportunities for Baer to support the clients of current […]

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