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Cushman & Wakefield | Thalhimer names HR senior manager
Ryan Murchison has been promoted to senior human resources manager, Cushman & Wakefield | Thalhimer announced Friday. Murchison joined the Richmond-based real estate firm in 2015 and will oversee human resources for all the company’s business lines and offices, which are in Richmond, Newport News, Virginia Beach, Frede[...]
Norfolk Family Dollar store sold for $2.47M
A Family Dollar store in Norfolk has been sold for $2.47 million, Cushman & Wakefield | Thalhimer announced this week. The building at 2328 E. Princess Anne Road was sold on April 30 by Twin Rivers Capital to 527 Kings Hwy LLC, with sale negotiations handled by Catharine Spangler with Thalhimer’s Capital Markets Group [...]
Woodbridge office building goes for $3.25M
A commercial office building in Woodbridge has sold for $3.25 million in an off-market deal, Edge Capital Markets Group announced this week. The 11,200-square-foot building sits on a 1.56-acre parcel of land at 13370 Minnieville Road. Currently the building is occupied by a social services center focused on workforce training an[...]
Downtown Culpeper mixed-use property sold for $3.95M
The Waters Place mixed-use property in downtown Culpeper has been sold for $3.95 million, Cushman & Wakefield | Thalhimer announced this week. The redevelopment and new building at 201 Waters Place includes 25 residential units and nine commercial spaces. Waters Place sits on half an acre and includes a renovated warehouse f[...]
Técnico Corp. buys Newport News building for $3M
An industrial building in Newport News’ Oyster Point Park was sold for $3.125 million, Cushman & Wakefield | Thalhimer announced this week. Técnico Corp. purchased the 53,414-square-foot building on 3.93 acres from Beja LLC and will occupy the property at 806 Bluecrab Road. Clay Culbreth of Thalhimer handled the sale [...]
Leidos completes $380M Gibbs & Cox acquisition
Reston-based Fortune 500 government contractor Leidos has completed its $380 million, all-cash acquisition of Arlington-based engineering and design firm Gibbs & Cox, Leidos announced Friday. Gibbs & Cox, which specializes in naval architecture, marine engineering, management support and engineering consulting, has offices throughout the United States and Australia. It will operate as a wholly-owned Leidos […][...]
Axios-Athletic merger gets axed
A proposed merger between Arlington-based digital news company Axios Media Inc. and San Francisco-based sports media firm the Athletic is no longer going forward, according to a May 6 report from The Wall Street Journal. The Journal had previously reported that the companies had been exploring merging and going public through through a special purpose […]
Parsons lands $618M GSA contract
Centreville-based Parsons Corp. has won a $618 million contract with the U.S. General Services Administration, it announced this week, bringing the company’s total contracts won since the end of the first quarter to approximately $1 billion. The new contract covers professional services that advance the intelligence community’s global cyber and intelligence technologies for C5ISR, the […][...]
UPDATED: Peraton completes $7.1B Perspecta acquisition
UPDATED MAY 7, 8:20 A.M. Herndon-based national security contractor Peraton Inc. completed its $7.1 billion, all-cash acquisition of Chantilly-based federal IT contractor Perspecta Inc. on Thursday, according to a news release from Peraton’s parent company, New York-based private investment firm Veritas Capital. The combined companies will be known as Peraton and will be overseen by […][...]
Va. sees 67% drop in weekly jobless claims
The state’s number of initial unemployment claims continues to fluctuate wildly, with only 12,231 Virginians submitting new jobless claims for the week ending May 1, a drop of 25,125 claims from the previous week, the Virginia Employment Commission reported Thursday. For the April 26-May 1 filing week, the state saw a 67.2[...]
Northam: Many restrictions likely to be lifted June 15
Virginia will relax most COVID-19 mitigation measures by June 15 if vaccination numbers continue to increase and spread of the virus continues to decrease, Gov. Ralph Northam said Thursday, but lifting the face mask mandate will likely take longer. “We will continue to evaluate our mask guidance,” the governor added,[...]
$257M Western Rail Initiative to bring NRV train service
Passenger train service will return to the New River Valley for the first time since 1979, Gov. Ralph Northam said Wednesday, announcing an agreement with Norfolk Southern Railway. The $257.2 million deal is an addition to the $3.7 billion rail expansion package the governor hailed in March as part of the Transforming Rail in Vi[...]
