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Rosetta Stone to be acquired by Dallas company for $792M
Arlington-based language learning company Rosetta Stone Inc. will be acquired by Dallas-based digital education company Cambium Learning Group Inc. (backed by private equity firm Veritas Capital Management LLC) for $792 million, the company announced Monday. The transaction is expected to close during the fourth quarter this year. “This transaction represents the next step on a […]
Danville warehouse sells for $1.625M
A warehouse building in Danville has sold for $1.625 million, Cushman & Wakefield | Thalhimer announced last week. Located at 2117 Halifax Road across Route 58 from the Danville Regional Airport, the Limborgh II Warehouse will be used as a manufacturing facility for wood storage sheds and barns. Lowder Builders LLC purchased[...]
Va. Physicians for Women to construct HQ in Midlothian
Virginia Physicians for Women purchased four acres of land for nearly $1.5 million to construct a new headquarters building in Midlothian, commercial real estate brokerage firm NAI Dominion (an office of NAI Global) announced last week. The medical practice purchased the land for the 41,598-square-foot headquarters building from[...]
NoVa housing market continues to recover
Northern Virginia saw an increase in the number of housing units sold in July, according to the Long & Foster Real Estate Market Minute Report released Friday. The report includes data from Alexandria and Arlington, Fairfax, Loudoun and Prince William counties. Alexandria saw the largest increase in units sold at 15%, and also saw the […]
COVID-19 cluster spurs quick conversion of VCU Honors College into isolation unit
RICHMOND, Va. — Virginia Commonwealth University will convert three floors of a building that houses classrooms and workspaces into an isolation space for students who test positive for COVID-19, according to a university spokesperson. The number of positive cases on campus has more than tripled since the university began [...]
More college students head into quarantine as COVID-19 cases rise
RICHMOND — As more universities open, they’re collecting and releasing COVID-19 data and grappling with contingency plans for those who contract the disease. As of Thursday evening, universities across Virginia were reporting that more than 550 students, staff and faculty members have tested positive for COVID-19 since s[...]
SAIC wins $171.5M Navy contract for training support
The U.S. Navy awarded Reston-based Science Applications International Corp. (SAIC) a $171.5 million contract to continue providing training solutions, including virtual and synthetic training environments, as part of the Fleet Deployment Training Program supporting the U.S. Navy Fleet Forces Command and associated commands and activities, the Fortune 500 defense contractor announced Thursday. “SAIC is proud […][...]
Leidos snags $292M FAA contract
Reston-based Fortune 500 federal contractor Leidos Holdings Inc. announced Tuesday that it was awarded a $292 million contract from the Federal Aviation Administration to design and develop a system to provide air traffic controllers with real-time access to essential weather, aeronautical and National Airspace System (NAS) information through a common display system. Work on the […]
Palo Alto Networks to acquire McLean tech firm for $265M
California-based cybersecurity powerhouse Palo Alto Networks announced Tuesday that it has entered into a definitive agreement to acquire The Crypsis Group, a McLean-based incident response, risk management and digital forensics consulting firm, in a $265 million, all-cash transaction. The firm’s CEO, Bret Padres, will join Palo Alto Networks. The Crypsis Group currently operates as part […][...]
Virginia colleges reopen with COVID-19 data available
RICHMOND — Virginia college students returning to campus amid the COVID-19 pandemic have been equipped with masks, hand sanitizer and disinfectant wipes. Now, many also have coronavirus testing data available at their fingertips. Some Virginia universities have unveiled COVID-19 dashboards to track infections as students r[...]
Apartments developer buys 13 acres in Chesterfield for $4M+
An apartment complex developer has purchased a 13-acre site in Chesterfield County for $4.025 million, Commonwealth Commercial Partners LLC announced Friday. Located at 6767 Iron Bridge Road, the complex will include 230 apartment units, a clubhouse and a pool. Austin Woods Development Co. sold the property to Waverton Developme[...]
Hanover shopping center being built on former Wigwam site
CORRECTION: An earlier version of this story incorrectly stated the location of the shopping center. It is being built in Hanover County. Construction began last week on a 22,000-square-foot shopping center in Hanover County on U.S. Route 1 near Virginia Center Commons, Richmond-based asset disposition group Motleys announced Friday. Wigwam Crossing is being built on […]
