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Commercial real estate leasing roundup
Central Virginia Environmental Quality Resources LLC renewed its lease of 32,670 square feet of industrial space at 11131 Progress Road in Ashland. Gregg W. Beck of Thalhimer handled the lease negotiations on behalf of the landlord. Surplus Freight has leased 16,361 square feet of retail space at Park South Shopping Center, 798 Southpark Blvd. in […]
$68M Mosaic apartment tower coming to Chesapeake’s Summit Pointe
Construction will begin April 1 on Mosaic, a $68 million, six-floor mixed-use tower coming to Chesapeake’s Summit Pointe development, according to a March 25 announcement from Summit Pointe Realty LLC. Mosaic is a continuation of the second phase of the Summit Pointe mixed-use development, which is located on 69 acres in Chesapeake’s Central Business District. […]
Capital Square buys Chesapeake apartment complex for $67.25M
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, [...]
Norfolk apartments sell for $1.96M
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 [...]
More vaccine going to Richmond and NoVa, as demand increases
More COVID-19 vaccine doses are going to be allocated to Northern Virginia and Richmond regions soon, the state’s vaccine coordinator said Friday, addressing higher demand in those areas of the state. Avula said he expects Northern Virginia to get 20% to 30% more doses next week. A large influx of Virginians driving severa[...]
Blacksburg Partnership president retiring
After 19 years as the founding leader of the Blacksburg Partnership, Diane Akers announced Friday that she will retire on June 30 from her position as president of the private economic development group. Akers was hired as the Blacksburg Partnership’s founding director in 2002, helping launch the organization that was esta[...]
Northam seeks to include part-time workers in state IRA fund
Virginia Gov. Ralph Northam has proposed a change to a bill to allow part-time employees to participate in a newly created state-administered retirement fund for workers without 401(k) access, the governor’s office announced Friday. Northam also has signed legislation expanding an existing broadband pilot program to increa[...]
Va. wedding venue loses suit against governor
On Friday, a federal judge ruled against Franklin County wedding venue Belle Garden Estate and its owner Charles Russell, who sued Gov. Ralph Northam in an attempt to expand the number of people who could attend a wedding under the state’s COVID-19 restrictions. Under current executive orders, businesses can host only 25 people outdoors if […]
Va. community clinics receive $79M in federal funding
U.S. Sens. Mark Warner and Tim Kaine announced Friday that 26 community clinics in Virginia will receive $79 million in funding through the $1.9 trillion American Rescue Plan federal stimulus package. Warner also introduced legislation this week to support other community clinics — most run by health systems in the state’[...]
Va. unemployment dropped slightly in Feb., continuing slow decline
Virginia’s unemployment rate continued to edge lower in February, dropping from 5.3% in January to 5.2% last month, Gov. Ralph Northam announced Friday. However, the state saw a decrease of 3,700 nonfarm payroll jobs and a decline in employed people during February. The nation’s seasonally adjusted unemployment rate was 6.2% in February, and the state’s […]
Peraton wins potential $360M Air Force contract
Herndon-based national security contractor Peraton Inc. has been awarded a potential $360.4 million contract to assess safety risks of the U.S. Air Force’s intercontinental ballistic missile software, an agreement that could extend 18 years. According to the U.S. Department of Defense announcement Thursday, the company will support nuclear safety analysis and evaluation in Utah and […][...]
Arlington software company hires chief people officer
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 […]
