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Henrico apartment complex sells for $28.52M
Millspring Commons Apartment Homes in Henrico County sold for $28.52 million, Los Angeles-based real estate company CBRE Group Inc. announced Feb. 4. Built in 1972, the 159-unit, 165,030-square-foot townhome rental community is located at 9318 Tarheel Terrace adjacent to Staples Mill Road. Washington, D.C.-based property managem[...]
Fredericksburg industrial buildings sell for $4.14M
Manassas Park-based Juliad Holdings LLC purchased two warehouse/industrial buildings in Fredericksburg for $4.14 million, Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. announced Monday. The buildings comprise 51,000 square feet in Juliad Court, approximately one mile from state Route 17 and Interstate 95, and were leased to four tenants at the time of the […]
Va. Tech selects architecture firm for first Innovation Campus building
Virginia Tech has selected Detroit-based architecture and planning firm SmithGroup to design the first academic building for its Innovation Campus in Alexandria, the university announced Friday. SmithGroup responded to a public request for proposals (RFP) issued last summer by Tech after its June announcement that it would build[...]
LGBTQ Groups Celebrate Passage of ‘Historic’ Virginia Values Act
RICHMOND, Va. — Legislators wore rainbow, heart-shaped stickers Thursday as the House and Senate passed the Virginia Values Act. LGBTQ advocacy groups and lawmakers held a press conference in anticipation of what they called, “a historic moment after a years-long battle.” Senate Bill 868, patroned by Sen. Adam Ebbin, D[...]
SAIC set to acquire Unisys Federal for $1.2B
Science Applications International Corp. (SAIC) will acquire Unisys Federal for $1.2 billion, SAIC announced Thursday. Both companies are Reston-based, publicly traded federal contractors specializing in IT services. The transaction was approved by SAIC’s board of directors and the transaction is expected to close by May 1. Unisys Federal is an operating unit of Blue Bell, […]
Alabama company buys Little Creek Marketplace in Norfolk
Birmingham, Alabama-based property management company Shannon Waltchack’s retail real estate fund, SWNC I LLC, has purchased the Little Creek Marketplace shopping center in Norfolk, S.L. Nusbaum Realty Co. announced Tuesday. The sale price of the transaction was not disclosed. The 49,000-square-foot retail center was 97% lease[...]
Norfolk office building sells for $2M
A 15,000-square-foot office building in Norfolk sold for $2 million, real estate and investment management company Colliers International announced Feb. 3. Constructed in 2007, the two-story building is located directly off Military Highway at 5665 Lowery Road. The Janaf location of The Therapy Network is currently a tenant an[...]
TowneBank promotes exec to senior VP
Portsmouth-based TowneBank promoted Keith Robinson to senior vice president and indirect sales manager, the bank announced Wednesday. Robinson has been with the bank for 18 years and previously led dealer services and indirect lending marketing and sales in the Hampton Roads, Richmond and North Carolina markets. He also previous[...]
U.Va. Foundation hires director of real estate asset management
The University of Virginia Foundation has hired Maryellen Dolan as director of real estate asset management, the organization announced Wednesday. The U.Va. Foundation has provided real estate, financial and administrative services to the university since 1986. Dolan will develop and implement strategies for the foundation’s r[...]
Top-ranked Virginia hotel has 23 rooms and five stars
After analyzing more than 30,000 hotels in the U.S., Europe, Canada, Mexico, Bermuda and the Caribbean, the U.S. News & World Report released its Best Hotels in the USA 2020 rankings on Tuesday, and three five-star Virginia hotels topped the list of the best hotels in the commonwealth. The Inn at Little Washington, a five-star […]
Alexandria Housing Development Corp. buys Avana Apartments for $106M
Alexandria Housing Development Corp. (AHDC) has acquired the former 326-unit Avana Alexandria Apartments for $106 million in an effort to provide affordable housing as rents and sales prices rise in anticipation of Amazon.com Inc.’s HQ2 East Coast headquarters, which is under development in nearby Arlington. The acquisition, which closed on Jan. 28, marks the first […]
Leidos to acquire L3Harris Technologies’ security detection, automation biz for $1B
Reston-based government contractor Leidos will acquire L3Harris Technologies’ Security Detection and Automation businesses for $1 billion in cash in a deal that is expected to close in the second quarter of 2020, the company announced Tuesday. The boards of directors for both companies unanimously approved the transaction. Headquartered in Tewksbury, Massachusetts, and Luton, England, the […][...]
