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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 [...]
HII names new VP for Columbia-class submarines
Newport News-based Fortune 500 contractor Huntington Ingalls Industries has named Brandi Smith vice president of the Columbia class submarine program at its Newport News Shipbuilding division. Smith succeeds Charles Southall, who is retiring July 1 after more than 35 years, HII said in a news release Thursday. The Columbia class[...]
Norfolk planners OK temporary casino
The Norfolk Planning Commission Thursday approved a request for a conditional use permit from the Pamunkey Tribe to open a temporary casino at Harbor Park before opening the nearby $500 million HeadWaters Resort & Casino. The request now goes to Norfolk’s city council in June. Harbor Park is home to Norfolk’s min[...]
Tech manufacturer to add 32 jobs in Newport News
Newport News-based automated machinery designer Mühlbauer Inc. will invest $9 million to expand its Newport News operation, a project expected to create 32 jobs, Gov. Glenn Youngkin announced Thursday. Mühlbauer Inc. is the U.S. subsidiary of German company Mühlbauer Group. The company will make upgrades to its Oakland Indust[...]
Virginia Retirement System names new CIO
The chief investment officer for Rhode Island has been named to lead the same post for Virginia’s retirement system. The Virginia Retirement System Board of Trustees on Wednesday named Andrew H. Junkin to succeed Ron Schmitz, who is retiring as CIO in January 2023. Junkin will start in September, according to a news releas[...]
Bio-plastic startup wins Lighthouse Labs pitch contest
While pitching to the sharks, entrepreneur Alec Brewer told them, “I do have white powder in my pocket,” before quickly clarifying that it wasn’t an illicit substance: “It’s PHB! It’s PHB!” Brewer passed the vial over for the sharks’ inspection during his Lighthouse Labs Demo Day pitch Thursday for his company, O[...]
Campbell County apartments sell for $4.3M
Moss Creek Apartments in the Campbell County community of Forest has been sold for $4.3 million, Cushman & Wakefield | Thalhimer announced earlier in May. The property includes 15 quad buildings built in 1984 and 60 two-bedroom apartments. Heights Properties LLC acquired the property from Moss Creek Apartments LLC on May 3 a[...]
Retail, self-storage property sells in Frederick
A retail building and self-storage facility in Frederick County have been sold for just under $4 million, Cushman & Wakefield | Thalhimer announced earlier in May. Frederick Pike Holdings LLC purchased the 21,322-square-foot retail building and 27,000-square-foot self-storage facility from Winchester Capital Group Inc. as an investment for $3,943,700. The properties are located at 118 […][...]
West Creek Medical Park land sells for $3.7M
Emerson Ventures LLC has purchased 7.68 acres of land within the West Creek Medical Park in Goochland County and plans to develop a medical office building. Lingerfelt Commonwealth Partners sold the land, located at 1612 Wilkes Ridge Parkway, for $3.7 million, according to Cushman & Wakefield | Thalhimer, which announced the[...]
Carilion receives $1M gift for cancer program
Roanoke real estate developer Maury Strauss has donated $1 million in honor of his late wife to support the expansion of Carilion Clinic’s cancer program, Carilion announced Tuesday. Sheila Strauss died of bladder cancer in 2016; the couple were married 65 years. Maury Strauss is the founder of Strauss Development Corp. “We [...]
Fairfax medical building sells for $21M
Prosperity Plaza, a medical office building less than a mile from Inova Fairfax Hospital, has been sold for $21 million, Avison Young announced last week. Bethesda, Maryland-based Global Medical REIT purchased the 96,070-square-foot building at 3020 Hamaker Court in Fairfax from the original developer, The Tomares Cos. Built in [...]
Parsons to acquire Xator for $400M
Parsons Corp., a Centreville-based federal contractor specializing in technology-focused defense, intelligence, security and infrastructure engineering, has entered into a definitive agreement to acquire Reston-based Xator Corp. for $400 million, the company announced Monday. Founded in 1944, Parsons is a publicly traded Fortune[...]
