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Henrico County announces $2.3B GreenCity arena project
Henrico County officials announced Tuesday plans for a $2.3 billion arena-anchored development, born out of the failed Navy Hill project proposal for downtown Richmond. But with private financing and no projected impact on county taxpayers, the GreenCity development may have a smoother path. Proposed on the 204-acre former Bes[...]
Richmond to select casino operator, site in summer 2021
The city of Richmond intends to select a resort casino site and operator in summer 2021, according to an announcement from Richmond Mayor Levar Stoney released Tuesday. The Virginia General Assembly earlier this year passed a law authorizing resort casinos to operate in each of five economically challenged cities, including Richmond. For the project to […]
Governor’s Inn in Williamsburg sells for $3.05M
The Governor’s Inn, a former 200-room hotel in Colonial Williamsburg, sold for $3.05 million, Cushman & Wakefield | Thalhimer announced last week. Charlottesville-based real estate investment company Castle Development Partners LLC purchased the property from The Colonial Williamsburg Foundation and plans to raze the prope[...]
Chesapeake industrial office building sells for $1.95M
An industrial office building in Chesapeake sold for $1.95 million, Cushman & Wakefield | Thalhimer announced last week. Located at 1017 Wallboard Drive, the 19,500-square-foot office building was vacant at the time of the sale. The property was purchased by Wallboard LLC, a drywall company, from Seahawk Properties LLC, whic[...]
Midlothian office building sells for $1.1M
An office building in Chesterfield County’s Midlothian area has sold for $1.1 million, S.L. Nusbaum Realty Co. announced last week. Located at 1700 Huguenot Road, the 11,830-square-foot office building is 90% occupied by 10 tenants, including a home remodeling company, an attorney’s office and an insurance agent, as well[...]
BAE Systems lands $237.7M Navy contract
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential $237.7 million contract to drydock and perform maintenance and modernization work on the USS Wasp assault ship, the company announced Tuesday. Under the contract, BAE Systems will begin wor[...]
Equinix announces $95M Ashburn data center expansion
Redwood City, California-based digital infrastructure company Equinix Inc. has opened a new $95 million data center on its existing Ashburn campus, giving the company additional capacity. The two-story data center is designed for both large and small deployments. The $95 million first phase includes more than 41,000 square feet [...]
Parsons Corp. completes acqusition of Colo.-based aerospace firm for $300M
Centreville-based defense contractor Parsons Corp. announced late last week that it has completed its acquisition of Colorado Springs, Colorado-based Braxton Science & Technology Group LLC (BSTG) and its subsidiaries for $300 million. The acquisition was first announced in late October — marking Parsons’ fourth acquisition since October 2018. BSTG provides services for satellite operations, ground system […][...]
IRS announces research partnership with Fairfax company
The Internal Revenue Service’s Office of the Chief Procurement Officer is forming a research partnership with Fairfax-based Data and Analytic Solutions Inc. The partnership, which also includes a group of academic researchers, will use data science to improve IRS procurement operations. Researchers will examine the length of time it takes to award a government contract. […]
Dallas professional services company acquires Reston firm
Dallas, Texas-based professional services company Jacobs announced Tuesday it has acquired Reston-based cyber solutions company The Buffalo Group LLC. Financial terms of the acquisition were not disclosed. The Buffalo Group provides analysis and technology services to the United States intelligence community across domains including cyber, ground, sea, air and space. Jacobs employs 55,000 people and […][...]
Newport News Shipbuilding lands $2.2B sub contract modification
Newport News-based Huntington Ingalls Industries (HII)’s Newport News Shipbuilding division received a $2.2 billion contract modification from Reston-based General Dynamics Electric Boat for construction of the first two Columbia-class ballistic missile submarines, the company announced on Monday. The U.S. Navy in early Novemb[...]
Md.-based contractor closes on DynCorp International acquisition
Germantown, Maryland-based government contractor Amentum announced Monday it has acquired McLean-based DynCorp International. Financial terms of the deal, originally announced on Sept. 24, were not disclosed. The acquisition will create a company with more than 34,000 employees and allow the company to expand to new markets, according to Amentum’s statement. “The addition of DynCorp International […][...]
