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Arlington supply chain tech company joins unicorn club
Following its $100 million Series C financing round, Arlington-based supply chain management technology company Interos Inc. has been valued at $1 billion, reaching coveted unicorn status. Led by CEO Jennifer Bisceglie, Interos is one of 74 female-led unicorns, according to Crunchbase. Worldwide, there are more than 770 unicorn [...]
Virginia Beach office buildings sell for $15.8M
Three buildings in the Pembroke Office Park in Virginia Beach sold for $15.77 million, S.L. Nusbaum Realty Co. announced Monday. Pembroke Buildings Four, Five and Six total 167,660 square feet. Pembroke Office Park is a 300,000-square-foot park with five multitenant office buildings. Seminole Trails Properties LLC bought the bui[...]
Roanoke construction firm to renovate Homestead’s Warm Springs Pools
Roanoke-based Lionberger Construction Co. has been selected as the general contractor to renovate The Omni Homestead Resort’s historic Warm Springs Pools, Omni Hotels & Resorts announced Monday. The contractor will restore the men’s and ladies’ bath houses at the formerly named Jefferson Pools and the recep[...]
PAE wins $74.2M contract to support Marine base in Japan
Falls Church-based defense and government services contractor Pacific Architects and Engineers Inc. (PAE) was awarded a potential $74.2 million contact to run base operating support services at U.S. Marine Corps Air Station Iwakuni, Japan, providing maintenance and repair services for base facilities, grounds and family housing, including custodial services and wastewater operations. The contract from […][...]
Arlington federal contractor acquires Alexandria tech firm
Arlington-based IT services federal contractor Planned Systems International Inc. acquired Alexandria-based technology company ProSphere Tek Inc., it announced Thursday. Financial details of the transaction were not disclosed. Founded in 2006, federal contractor ProSphere designs and maintains mission-critical systems, supports [...]
Va. Beach apartment complex where Pharrell lived sells for $24.5M
The Virginia Beach apartment complex where music superstar Pharrell Williams lived until he was 7 has been sold for $24.5 million to Fairstead, a New York-based real estate company focused on sustainable development and affordable housing. The company announced Thursday that it plans a $15 million overhaul of the Atlantis Apartm[...]
Yorktown’s Duke of York Hotel sells for $3M
The Duke of York Hotel in Yorktown sold for $3 million, M.A. Bowry & Co. announced July 2. Built in 1965, the 57-room, 26,084-square-foot, limited-service hotel is located on the York River. It will remain open as the company renovates it. Crockett Enterprises LLC sold the hotel to a limited liability company connected to M.[...]
James City County industrial building sells for $2.67M
The Design Masters building in James City County sold for $2.67 million, Cushman & Wakefield | Thalhimer announced Wednesday. Tetreault Holdings Inc. bought the 40,000 square-foot-building from Friendship Partner as an investment for their contracting business, The Drying Co./ThermalTec, according to the news release. The in[...]
Shield AI acquires Alexandria-based defense contractor
Alexandria-based defense contractor Heron Systems Inc. was acquired by San Diego-based technology company Shield AI, according to announcement Thursday from Shield AI. Financial details of the transaction were not disclosed. The companies will work on the deployment of artificial intelligent pilots for military aircraft. Shield [...]
Danville apartment complex sells for $7.85M
Danville Investors LLC sold the 100-unit Turnpike Townhomes for $7.85 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Turnpike Townhome Apartments LLC purchased the apartments at 1300 Franklin Turnpike, as well as parcels of adjacent vacant land, on June 21. Clay Taylor, a certified [...]
John Tyler Community College renamed Brightpoint
John Tyler Community College will become Brightpoint Community College after receiving unanimous approval from the Virginia Community College System state board in its Thursday meeting. On July 8, John Tyler Community College President Edward “Ted” Raspiller announced that he had recommended Brightpoint Community College as [...]
Va. new jobless claims edged up last week
Virginia’s initial unemployment claims increased slightly last week while continued claims decreased again, as they have for several weeks, the Virginia Employment Commission reported Thursday. For the filing week ending July 17, the state recorded 6,304 new jobless claims, up 352 from the previous week, while continued cl[...]
