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McLean cloud network provider pays $55M for Dutch company
McLean-based cloud networking provider GTT Communications Inc. acquired Dutch telecommunications and IT provider KPN International for €50 million cash (or about $55.4 million), GTT announced Monday. The acquisition will add more than 400 strategic enterprise and carrier clients and will make GTT the preferred international network supplier for several hundred of KPN’s clients. It will […][...]
Chester shopping center sells for $18.6M
Bermuda Square shopping center in Chester has been sold for $18.6 million, according to Cushman & Wakefield | Thalhimer’s Capital Markets Group. Brentwood, Tennessee-based GBT Realty Corp. acquired the 84,064-square-foot property, its first investment in the Richmond market, on Nov. 26 from Giant Food Stores, the parent company of Martin’s grocery stores, according to Catharine […]
Henrico Jiffy Lube property sells for $2.2M
A private investor purchased a 4,210-square-foot property in Henrico County occupied by a Jiffy Lube for $2.2 million in late November, according Cushman & Wakefield | Thalhimer. The automotive maintenance and servicing shop will continue to operate on the property at 5710 W. Broad St. James Ashby IV of Cushman & Wakefield | Thalhimer handled […]
Portsmouth public housing community gets a face-lift
The Lincoln Park public housing community in Portsmouth is being redeveloped as Lexington Place in a massive redevelopment launched Tuesday. The first phase of construction of the new public housing complex, expected to cost $16 million, will include 72 townhouse-style apartments, and once the entire project is completed, Lexington Place will have 144 residential units […]
Ex-LeClairRyan employee settles pay discrimination lawsuit
Former LeClairRyan PLLC employee Marci Keatts settled her gender pay discrimination lawsuit against the defunct firm for an undisclosed amount, according to a Nov. 22 court order by Richmond U.S. District Judge Robert E. Payne. The Richmond-based firm, once the fifth-largest in the state, shut down in October under Chapter 7 dissolution after filing for […]
Casino gaming could create 7,600+ jobs
Five proposed casinos, sports wagering and online casino gaming would directly create about 7,600 jobs and generate $367 million in net annual state tax revenue, according to projections released Monday by the Joint Legislative Audit and Review Commission. However, the five casinos combined would bring in less tax revenue than the Virginia Lottery, which in […]
Virginia Beach building sells for $1.84M
Tenants include Conte’s Bike Shops and Hospital Warehouse.
New leadership at Harvey Lindsay Commercial Real Estate
Brother of current president is tapped as next president.
Richmond ad firm Elevation names new creative director
C.J. Hawn is among four employees recently promoted to leadership positions.
DHG acquiring Northern Virginia accounting firm
RyanSharkey LLP of Vienna will become part of Dixon Hughes Goodman LLP on Dec. 1.
Charlottesville retail space sells for $3.15 million
Previous tenant was a Verizon Wireless store.
Norfolk-based nonprofit receives $2.5M grant from Amazon CEO’s charity
ForKids is one of 32 organizations to benefit this year from Bezos Day 1 Families Fund
