Upcoming Event
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.
Christine M. Kaempfe of Cushman & Wakefield | Thalhimer handled the sale negotiations.
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 square feet to 1,286 square feet. The seller was Richmond-based GrayCo Inc.
The property was acquired for CS1031 Streets of Greenbrier Apartments DST investment entity, which seeks to raise $35.5 million in equity from accredited investors, with a minimum investment of $50,000.
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 Cushman & Wakefield | Thalhimer Capital Markets Group handled the sale negotiations on behalf of the seller.
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 human resources for Georgia companies eVestment Alliance and Aptean Inc.
“At a time when we are seeing great momentum across our business, it’s vital to have strong people leadership guiding our teams. Joanna is a great addition to the team,” Kevin Boyce, Higher Logic’s CEO, said in a statement. “Her ‘person-first’ philosophy aligns well with our core values, and her experience will help to propel our business forward. We are excited to welcome Joanna to Higher Logic.”
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 order under the General Services Administration (GSA) Alliant 2 Vehicle. This contract includes the design, development, deployment, sustainment and lifecycle management of specialized information technologies.
The first option year of SANDBAR was exercised in late September 2020. The current option year includes the support of the U.S. Air Force, U.S. Space Force, U.S. Navy, U.S. Marine Corps, the National Geospatial-Intelligence Agency, the combatant commands and the Fourth Estate agencies.
“Our flexible and mission focused approach to SANDBAR honed across the past year will continue to provide our diverse DOD client base with increased efficiency and effectiveness in the delivery of cyber, engineering, development and IT services to their end-users,” Tom Ferrando, Salient CRGT CEO, said in a statement. “We thoroughly understand the need to remain a responsive industry partner to our critical DOD customers providing effective solutions and implementation options to support the dynamic mission needs of the current global climate.”
Salient CRGT formed in 2015 following the merger of Salient Federal Solutions Inc. and CRGT, which created a $500 million company focused on agile development, data analytics and cybersecurity.
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 Administration’s Enterprise Infrastructure Solutions technology procurement program. Dallas-based AT&T will modernize network services supporting approximately 100,000 Treasury workers across 700 geographically dispersed sites.
“Hats off to the technology leadership and team at Treasury for making a deliberate and comprehensive commitment to network modernization,” said Chris Smith, vice president of civilian and shared services for AT&T Public Sector, in a statement. “We look forward to working with Treasury to help transform its communications capabilities and help ensure it is future-ready for further innovation.”
On Wednesday, Virginia Tech announced that it was replacing its Office of Economic Development with a new Center for Economic and Community Engagement, as part of its commitment to improving the lives of others.
The new university-level center will engage with internal and external partners to drive economic growth, address workforce needs and interact with people statewide. Part of the new center’s mission will be to promote greater opportunities for education, health and job creation for communities across Virginia.
The center will be led by John Provo, who has run the Office of Economic Development since 2010.
“Economic development and civic engagement are central to Virginia Tech’s service to the commonwealth and our land-grant mission,” Cyril Clarke, VT executive vice president and provost, said in a statement. “The Center for Economic and Community Engagement will partner with communities to facilitate full participation of our citizens in economic development.”
Primland announced Tuesday that Elliot Cunniff has been appointed executive chef of the Meadows of Dan resort.
Cunniff comes to Primland from The Soho House, an upscale private club in New York City where he served as executive chef. He got his start working with culinary celebrity Daniel Boulud’s db Bistro Moderne in New York City. He has been with Primland since January.
“Primland is committed to providing exceptional food and beverage experiences, and Chef Cunniff [is] sure to enhance our guests’ enjoyment,” said Steve Helms, vice president of Primland, in a statement. “Chef Cunniff is ideally suited to inspire our farm-to-table fare as he brings a wealth of creativity and industry-leading performance.”
The resort also has opened its newest dining venue, the Schlumberger Wine Cellar, highlighting wines from around the world, including the Schlumberger-owned winery in France’s Alsace region.
Manassas IT consulting services provider ARG Inc. has acquired North Carolina-based tech advisory firm NextWave Technology Providers, ARG announced last week. The financial terms of the deal were not disclosed.
Adam Carreno, NextWave’s principal and founder, will join ARG as a principal. Before founding NextWave in 2020, Carreno was a cloud and technology specialist at Illinois-based technology company CDW Corp.
“This is the latest in a string of acquisitions and investments we will continue to make. NextWave Technology Advisors is a prime example of the high-performing, high-potential firms we’re targeting as part of our growth strategy in 2021 and beyond,” ARG cofounder and CEO Greg Praske said in a statement. “Add to the mix the leadership strength we gain in appointing Adam Carreno to our executive bench, and this acquisition is a home run.”
On Monday, Arlington-based Blackfin Real Estate Investors LLC and New York-based GMF Capital LLC announced they had purchased three Low Income Housing Tax Credit (LIHTC) communities from Virginia Beach’s The Franklin Johnson Group for $48 million.
The apartment complexes include: Oaks at Dunlop Farms, 101 Old Oak Lane, Colonial Heights, 23834; Crescent Place, 2804 Turnpike Road, Portsmouth, 23707; and Independence Square, 5120 George Washington Highway, Portsmouth, 23702. The portfolio totals 452 units at an average of 99% occupancy. Blackfin said it did not value each property individually.
Sign In
Free Newsletter