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Fairfax telecom software provider acquires N.J. firm
Fairfax-based telecommunications tech provider Teoco announced Tuesday it had acquired New Jersey-based software company Software Synergy Inc. Financial terms of the transaction were not disclosed. “As we look to strengthen Teoco’s presence in the North American market, we are proud of our strategic acquisition of SSI to[...]
Manassas bio research supplier wins $5.5M in federal grants
Manassas-based biological materials management nonprofit American Type Culture Collection (ATCC) announced Tuesday that it won three Defense Threat Reduction Agency grants valued at more than $5.5 million to identify new therapeutic approaches to viruses. “ATCC is committed to supporting this global health initiative by pr[...]
GDIT secures $162M DISA Agency contract
Falls Church-based General Dynamics Information Technology Inc. (GDIT) announced Wednesday it had secured a potential $162 million contract with the Defense Information Systems Agency (DISA) to secure identity, access and account management for U.S Department of Defense applications. The Identity, Credential and Access Management (ICAM) Other Transaction Authority (OTA) Phase III production agreement has a […][...]
GOP lawmakers push to protect workers who decline COVID vaccines
RICHMOND, Va. – Lawmakers narrowly passed a bill this month that would allow people fired for refusing a COVID-19 vaccine to receive unemployment benefits if no other misconduct took place. The measure advanced from the House of Delegates on a 51-48 party line vote and was assigned to a Senate committee on Feb. 10. The [&helli[...]
Virginia Beach medical building sells for $21M
A medical office building in Virginia Beach sold for $21 million, Nashville, Tennessee-based buyer Montecito Medical Real Estate announced Thursday. Located at 1717 Will O’ Wisp Drive, the two-story Beach Medical Pavilion has 52,000 square feet. Its tenants are Gastroenterology Ltd. of Virginia Beach and OrthoVirginia. The[...]
DHG to merge with BKD, forming top 10 accounting firm
The fifth-largest accounting firm operating in Virginia, Dixon Hughes Goodman LLP, is merging with Springfield, Missouri-based BKD CPAs & Advisors to form a combined top 10 accounting firm with $1.4 billion in revenue, the two firms announced Thursday. The “merger of equals” will be effective June 1, a company sp[...]
Capital Automotive Real Estate acquired for $3.8B
McLean-based Capital Automotive Real Estate Services Inc. has been acquired by Los Angeles-based investment management firm Ares Management Corp. for $3.8 billion, Ares announced Thursday. Ares bought the company from a Brookfield private real estate fund, according to a news release from Ares. The purchase was made with funds managed by Ares’ alternative credit strategy […]
Arlington’s The Millennium apartment building sells for $200.5M
An affiliate of Washington, D.C.-based The UIP Companies Inc., in partnership with New Jersey-based furnished housing company Churchill Living, purchased The Millennium apartment building in Arlington for $200.5 million on Jan. 20, Arlington property records show. Located at 1130 S. Fair St., near Metropolitan Park — the first[...]
Va. Beach shopping center sells for $5.9M
The Indian River Shopping Center in Virginia Beach has been sold for $5.9 million, Cushman & Wakefield | Thalhimer announced Wednesday. JFS Real Estate LLC purchased the 89,189-square-foot shopping center from Indian River Shopping Center Land LLC as an investment. The shopping center, which includes a Food Lion and Burlingt[...]
Florida firm buys two Henrico buildings for nearly $19M
Hollywood, Florida-based investment group Savlan Capital announced Monday that it has purchased two medical offices in Henrico County for $18.96 million. The buildings are part of the Windsor Business Park in the western part of the county and were bought from Newport Beach, California-based REIT Modiv. Savlan acquired a 51,800-[...]
Peraton lands $2.69B Homeland Security contract
Federal contractor Peraton Inc.’s subsidiary, Perspecta Engineering Inc., landed a potential 10-year, almost $2.69 billion contract to assist the U.S. Department of Homeland Security, the company announced Wednesday. Under the indefinite quantity, indefinite quantity contract, Peraton will assist with Data Center and Cloud[...]
Dan Snyder owns Va.’s most expensive house
Virginia’s most expensive mansion now belongs to one of the most famous men in the commonwealth. River View, once part of George Washington’s Mount Vernon, in Alexandria, was sold on Oct. 29, 2021, for $48 million, according to TTR Sotheby’s International Realty. The agency brokered the sale of the 7-bedroom ho[...]
