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The Hampton Inn & Suites in Newport News has sold for $9 million.
Mar 9, 2021

Hampton Inn & Suites in Newport News sells for $9M

Chester-based Shamin Hotels has purchased a 120-room Hampton Inn & Suites in Newport News for $9 million. Shamin purchased the hotel, which it plans to renovate, from Yoder Inn Group LP as an investment. Located at 12251 Jefferson Ave. on approximately 2.65 acres, the hotel consists of 90 rooms and 30 two-room suites. Shamin[...]

Mar 9, 2021

The Hilb Group acquires Medicare-focused firm

Henrico County-based insurance company The Hilb Group LLC announced Tuesday it has acquired West Greenwich, Rhode Island-based Compass Planners (CP). Financial terms of the transaction were not disclosed.  Led by Jim Soucy, CP is an insurance company that specializes in Medicare Advantage. Soucy and his three colleagues will join THG’s Cranston, Rhode Island office. Soucy […]

Mar 9, 2021

Baltimore company acquires Richmond architecture firm

Baltimore-based MCA Architecture announced Tuesday it has acquired KOP Architects of Richmond. Financial terms of the transaction were not disclosed. MCA already has offices in Pennsylvania, Maryland and Virginia. It will close its current Reston location and consolidate the two Virginia offices in Richmond. MCA will gain clients including Virginia Commonwealth University, VCU Health, the […][...]

Mar 9, 2021

Roanoke, New River Valley organizations form tech alliance

The Valleys Innovation Council (VIC), the Roanoke-Blacksburg Technology Council (RBTC) and the Regional Accelerator and Mentoring Program (RAMP) have formed an alliance called Verge.  In July 2020, the three groups announced they were developing the alliance, which is aimed at supporting the region’s technologists, innovators[...]

Mar 9, 2021

U.K. software company acquires Blacksburg firm

Nottingham, England-based software company Ideagen plc announced Tuesday it has acquired Blacksburg-based Qualtrax. Financial terms of the transaction were not disclosed. This marks the 21st acquisition for Ideagen, which provides quality management software for aviation, financial services, life science, health care and manufacturing industries. Founded in 1993, Qualtrax provides software that helps companies with managing […][...]

Mar 8, 2021

Springfield company wins $570.9M DOT contract

The U.S. Department of Transportation awarded Springfield-based engineering and technology company Ensco Inc. a potential 20-year, $570.9 million contract to help the Federal Railroad Administration operate and maintain a department-owned facility for rail system research, development, testing and training.  Services will be performed at the Transportation Technology Center (TTC) in Pueblo, Colorado, according to a […][...]

Mar 8, 2021

Capital Square buys apartments in Gainesville

Henrico County-based real estate investment company Capital Square has acquired SomerHill Farms apartments in the Gainesville area of Prince William County for an undisclosed amount. Located at 7351 Yountville Drive, the 140-unit multifamily community is situated on 18.76 acres. Constructed in 2006, SomerHill Farms features six three- and four-story residential buildings and a community clubhouse. […][...]

Mar 8, 2021

Richmond convenience store operator to acquire 61 locations in Mich., Ohio

Richmond-based convenience stores owner and operator GPM Investments LLC announced Monday it has signed an agreement to acquire 61 ExpressStop convenience stores with gas stations in Michigan and Ohio. Financial terms of the transaction were not disclosed. The acquisition will add to GPM’s existing 165 stores in Michigan and nine in Ohio. GPM Investments is […]

The senior living community is scheduled to open fall 2023.
Mar 8, 2021

Senior living community announced for Virginia Beach

Pembroke Realty Group and Beth Sholom Village have announced a new senior living community in the works for Virginia Beach. Located at the corner of Jeanne Street and Constitution Drive, the 7-story community will have 124 independent living apartments, 20 assisted living apartments and 12 memory support units. Designed by Kahle[...]

Mar 8, 2021

Arlington intends to extend ground leases for Courthouse Plaza

Arlington County and developer JBG Smith have entered into a letter of intent to restructure three ground leases that JBG Smith holds on government-owned land for a multiplex movie theater at 2100/2200 Clarendon Boulevard and office space at 2300 Clarendon Boulevard. While the county owns the land, JBG Smith owns the buildings. The letter of […]

Mar 8, 2021

Richmond property sells for $1.9M, leased to Starbucks

A Richmond property located at 2305-2309 West Broad Street sold for $1.9 million and was subsequently leased by Starbucks Corp. Lee Hall Plaza Inc. purchased the property, which includes 3,256 square feet sitting on 0.55 acres of land, from J.W. Willis. The parcel is located across the street from the Virginia Department of Motor Vehicles’ […]

Mar 5, 2021

Chesapeake office building sells for $7.5M

Virginia Beach-based property management company The Runnymede Corp. purchased Chesapeake office building Crossways Commerce Center IV for $7.5 million on Feb. 8. Located at 1408 Stephanie Way, the 51,209-square-foot building was purchased from Washington, D.C.-based real estate investment company DSC Partners. The flex building is 91% occupied by Leidos Holdings Inc. and 9% occupied by […]

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