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Richmond marketing Diamond property for redevelopment
The city of Richmond announced Monday it is marketing the 66.7-acre Diamond baseball stadium property as an area for redevelopment, which likely would include a new stadium for the Richmond Flying Squirrels baseball team. A new website will be launched soon, preceding a “request for interest” released before the end [...]
Bowman Consulting Group acquires Denver engineering firm
Reston-based civil engineering company Bowman Consulting Group Ltd. has acquired Denver-based building services engineering firm PCD Engineering Inc., it announced Monday. Financial terms of the transaction were not disclosed, but the acquisition was financed with a combination of cash, seller financing and stock. Bowman expects the company to initially contribute about $2.5 million of annual […][...]
65 acres in Greene County sell for $4.55M
Sixty-five acres in Ruckersville, in Greene County, sold for $4.55 million, Cushman & Wakefield | Thalhimer announced Monday. Merrit Greene LLC bought the acreage, located at 7070 Seminole Trail, from LAMM Properties LLC for future mixed-use development. John Pritzlaff and Jenny Stoner with Cushman & Wakefield | Thalhime[...]
Commercial real estate lease roundup
Hampton Roads Central Virginia Northern Virginia Hampton Roads Crossfire Logistics Inc. leased 61,700 square feet of industrial space at 5601 City Line Road in Newport News. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the lease negotiations on behalf of the landlord. LaserShip leased 46,100 square feet of industrial space at 5465 Greenwich […]
Cushman & Wakefield acquires Thalhimer’s S.C. operations
Chicago-based real estate firm Cushman & Wakefield announced last week that it had acquired the South Carolina operations of its alliance member, Glen Allen-based Morton G. Thalhimer Inc. The acquisition includes three offices located in Charleston, Greenville and Columbia. Financial details of the transaction were not disclosed. “We are thrilled to have Thalhimer’s South Carolina […][...]
Stihl Inc.’s U.S. president, sales VP exit company
The president of Stihl Inc.’s Virginia Beach-based U.S. operations, Bjoern Fischer, is leaving the chainsaw and power equipment manufacturer by mutual agreement Friday, according to an internal company memo obtained by Virginia Business. Also departing the German outdoor power equipment manufacturer is its vice president o[...]
Developer breaks ground on 20-story apartment building in Arlington
Greystar broke ground Wednesday on The Commodore, a 20-story building with 423 apartments in Arlington. Located at 2025 15th St. N. in the Courthouse neighborhood, the building has an expected completion of fall 2023. The ground level will have almost 18,000 square feet of retail space, and the development will have varying apar[...]
CNU poll: McAuliffe has 4-point lead over Youngkin
A new day brings new polling numbers for Virginia’s statewide candidates. In Christopher Newport University’s latest poll released Friday, Democratic gubernatorial candidate Terry McAuliffe leads Republican Glenn Youngkin with 49% of likely voters saying they plan to cast their ballots for the former governor against[...]
Vienna tech company acquires Colorado software engineering company
Vienna-based cybersecurity and IT company Criterion Systems Inc. acquired Colorado-based government contractor SAGE Black Consulting and Contracting LLC, the company announced Sept. 28. Financial details of the transaction were not disclosed. SAGE Black provides software engineering services to the geospatial intelligence, space and cyber industries, with an artificial intelligence/machine learning ability. SAGE Black operates as [&hell[...]
Hampton Roads State of the Region report shows slow recovery
The Hampton Roads region is slowly recovering from pandemic-spurred economic distress but has lost a large chunk of its workforce, according to Old Dominion University’s Dragas Center for Economic Analysis & Policy’s 2021 State of the Region Report released Tuesday. Hampton Roads’ labor force and individual employm[...]
Arlington contractor acquires Colorado tech company
Arlington-based aerospace and defense contractor Cobham Advanced Electronic Solutions (CAES) acquired radio frequency (RF) and high-performance computing solutions provider Colorado Engineering Inc. (CEI), the company announced last Friday. Financial details of the transaction were not disclosed. “With a shared customer-first culture and passion for solving the most challenging electronic breakthroughs needed in our industry, I [&hell[...]
Spacelink to add 41 jobs with Fairfax expansion
McLean-based satellite telecommunications company SpaceLink Corp. will create 41 jobs by expanding in Fairfax County, allowing it to develop a satellite communications system that will provide data relay services, Gov. Ralph Northam announced Thursday. “SpaceLink’s expansion in Fairfax County will strengthen the commonwealth’s position as a leader in the aerospace industry,” Northam said in a […][...]
