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Last remaining corner plot in Henrico County’s Short Pump sells for $5.85M
The last remaining corner plot of land in Henrico County’s Short Pump area has sold for $5.85 million, Cushman & Wakefield | Thalhimer’s Mark E. Douglas said. Located at 12120 W. Broad St., the 12.27 acre vacant, wooded lot is less than one mile from West Broad Marketplace, a shopping center with anchor tenants including […]
GO Virginia approves $2.87M in grants for 13 regional projects
The state’s Go Virginia Board has allocated $2.87 million in grants for 13 regional projects supporting economic development. A state economic development initiative led by business leaders and state officials, GO Virginia ( Growth and Opportunity for Virginia) has funded 87 projects, totaling $30.3 million, since it was established by the General Assembly in 2016. […]
Reston IT company names president
Tony Crescenzo has been hired as president of Reston-based information technology company Intelligent Waves LLC. Formerly the CEO of Falls Church-based IT company IntelliDyne LLC, Crescenzo earned his bachelor’s degree from Stockton University and his master’s degree in business administration from Rutgers University. Intell[...]
Leidos subsidiary tapped to develop lunar landing system
Dynetics, a wholly owned aerospace subsidiary of Reston-based defense contractor Leidos, is one of three prime contractors awarded contracts by NASA to design the human lunar landing system that will take the first woman and next man to the moon’s surface by 2024. The other two aerospace companies are Amazon.com Inc. Presi[...]
Tysons software company CFO resigns after 6 months
Tysons-based software company MicroStrategy announced Wednesday that its chief financial officer, Lisa Mayr, has resigned after joining the company six months ago. The company’s chief operating officer Phong Le, who has previously served as the CFO, will take over the role. Mayr was hired as MicroStrategy’s CFO in October after serving as CFO at Washington, […]
Norfolk real estate company promotes exec to regional VP
Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Wednesday that it has promoted Debbie Franco to regional vice president. Franco was most recently the regional property manager at the firm, covering the Northern Virginia region. She started her career in real estate at the firm in 2002 as a leasing agent and[...]
Nonemergency medical procedures to resume Friday
Virginia hospitals, outpatient care providers, dentists and veterinarians can resume performing elective surgeries and nonemergency procedures after a temporary ban expires at midnight Thursday, Gov. Ralph Northam announced during a news conference on Wednesday. “I want to encourage all Virginians that your health care is [...]
Industrial building sells for $2.5M in Richmond
An industrial building in Richmond sold for $2.5 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 2400 Maury St. in Richmond’s Manchester area, the 19,156-square-foot building sits on more than 9 acres of land. The building was previously leased to Esf Trailer Systems LLC, which sold cargo and fl[...]
Boston tech company to acquire Arlington-based DivvyCloud for $145M
Boston-based tech company Rapid7 announced Tuesday that it’s acquiring Arlington County-based cloud security and governance tech firm DivvyCloud for $145 million. The acquisition, which will be made via a combination of cash and stock, is expected to close before June. “Joining forces with Rapid7 is a natural next step,�[...]
CDC dispatches team to Eastern Shore poultry plants
A team from the Centers for Disease Control and Prevention is arriving in Virginia today to assist with containing COVID-19 outbreaks among workers at two large poultry processing plants in Accomack County, Gov. Ralph Northam announced during a news briefing Monday. The plants, operated by Arkansas-based Tysons Foods Inc. and Ma[...]
Suffolk office building sells for $8.5M
An office building in Suffolk sold for $8.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 7025 Harbour View Blvd. in Bridgeway Commerce Park, Bridgeway Technology Center I is a 123,407-square-foot, single-story office building sitting on 16.03 acres. The office building w[...]
Pandemic housing market has fewer sellers, higher sales prices
Virginia Business virtually sat down with Larry “Boomer” Foster, president of Long & Foster Real Estate, to get the current pulse on the real estate market in Virginia. The most recent data published was reflective of March real estate transactions in Northern Virginia, but Foster shared insight from the most up-to-date [...]
