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Hanover Harley Davidson building sells for $2.9M
A Hanover property that will become the new Peebles Golf Cars headquarters sold for $2.9 million, Colliers | Virginia announced Monday. Located at 10441 Washington Highway, the facility sits on 5.3 acres. Peebles Golf Cars will move its headquarters from Glen Allen to the 31,815-square-foot property. Old Washington Highway LLC b[...]
Lockheed Martin Manassas office wins modification to $190.27M Navy contract
The Manassas office of Lockheed Martin Corp.’s Rotary and Mission Systems sector will add work on a contract the company previously won. The modification is to a $190.27 million Naval Sea Systems Command, Washington, D.C., cost-plus-incentive-fee contract. It is to exercise an option for engineering design development and supporting material procurement, the Department of Defense […]
Two Va. companies among group that won $950M Navy contract
Two Virginia federal contracting companies were part of a group of companies that won a maximum $950 million construction contract from Naval Facilities Engineering Systems Command (NAVFAC) Mid-Atlantic, Norfolk. Along with six other contractors, they can compete for task orders under the terms of the contract, the Department of Defense announced Friday. Virginia Beach-based S.B. […]
Capital Square buys Chesterfield apartment complex for $86M
Henrico County-based Capital Square 1031 purchased the Livingston Apartment Flats in Chesterfield County from Cosby Village Residences LLC for $86 million earlier this month. Whitson Huffman, Capital Square’s chief strategy and investment officer, noted that Chesterfield’s population grew 11% between 2010 and 2019 an[...]
Developer plans 800K-square-foot industrial building in Suffolk
A Kansas-based industrial developer has purchased 72 acres in Suffolk for $4.1 million, with plans to construct an 813,721-square-foot logistics center by September 2022. Cushman & Wakefield | Thalhimer announced the sale Friday, in which Geoff Poston and Ellis Colthorpe handled negotiations on behalf of the seller, Equus Ca[...]
VCU poll shows McAuliffe, Youngkin in dead heat
The Republican and Democratic candidates for Virginia governor are in a virtual tie, a new poll by the L. Douglas Wilder School of Government and Public Affairs at Virginia Commonwealth University reported Friday. Democratic former Gov. Terry McAuliffe is polling ahead at 40%, while Republican Glenn Youngkin, former co-CEO of Th[...]
July jobless rate hits 4.2% in Va., a small decrease
In July, the state’s unemployment rate saw a small decline to 4.2%, 0.1 points below June’s rate, Gov. Ralph Northam announced Friday. In July 2020, the jobless rate was at 7.9%, 3.7 points higher than last month. Virginia continued to see an expansion of the labor force, with 7,818 people starting jobs last month, totaling […]
Va. is ready to deploy COVID vaccine booster doses
As COVID cases are on the rise again, driven by the delta variant of the coronavirus, the Virginia Department of Health has begun administering third COVID-19 vaccine doses to immunocompromised people and is ready to expand third-dose booster vaccinations to more Virginia residents on Sept. 20, the target date set by the federal[...]
Virginia Beach office building sells for $2.5M
A commercial building at Virginia Beach’s Oceanfront sold for $2.5 million, S.L. Nusbaum Realty Co. announced Aug. 9. Located at 1705 Baltic Ave., the 4,038-square-foot former Davis Ad Agency building sits on nearly an acre. Safety & Security International Inc. purchased the property from Davis Seaside Properties LLC. [...]
Herndon data center company to acquire Israeli company
Herndon-based EdgeConneX, a data center solutions company, has entered an agreement to acquire Israel-based Global Data Center (GDC), it announced Monday. Financial details of the transaction were not disclosed. Once completed, EdgeConneX will gain GDC’s two underground facilities in Israel, in Herzliya Pituach and Petah Tikva. The company’s two data centers are built in accordance […]
Software firm to take over former Va. Beach Sears space
Decisions LLC, a provider of no-code, business process automation software, is moving its headquarters from Chesapeake to the former Sears building at Pembroke Mall in Virginia Beach, Cushman & Wakefield | Thalhimer announced this week. The company has leased 52,638-square-feet of office space at the shuttered department sto[...]
Hampton Roads reports continued seller’s market for homes
The Hampton Roads area was still seeing a tight market for homebuyers in July, according to the Real Estate Information Network Inc.’s latest report on the region. Compared to July 2020, there was a 17.13% decrease in active listings last month, along with higher prices. REIN, using the region’s Multiple Listing Serv[...]
