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Hampton Roads reports continued seller’s market for homes
The Hampton Roads area was still seeing a tight market for homebuyers in July, according to the Real Estate Information Network Inc.’s latest report on the region. Compared to July 2020, there was a 17.13% decrease in active listings last month, along with higher prices. REIN, using the region’s Multiple Listing Serv[...]
NoVa housing forecast: Still tight for single-family homebuyers
In the Northern Virginia Association of Realtors’ mid-year forecast released Friday, a panel of real estate experts predict a continued tight market for single-family homes and higher residential prices in the second half of the year, but the market appears to be normalizing from last year’s heights. “This year, th[...]
Staunton senior community sells for $4.75M
A senior-living community with 62 one- and two-bedroom apartments in Staunton has sold for $4.75 million, Cushman & Wakefield | Thalhimer announced this week. Formerly a high school built in 1926, Gypsy Hill Place was converted to apartments and commercial space in 2009. Original developer Gypsy Hill Place LLC, represented b[...]
Scott’s Addition property sells for $10.8M in Richmond
A 53,392-square-foot mixed-use property in Richmond has sold for $10.8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday. The 1.81-acre plot was sold by an entity co-managed by Richmond-based Fountainhead Development and Lynx Ventures. The building, on 1300 MacTavish Ave. in the Scott[...]
Powhatan shopping center sold for $4.3M
The Maxey Center, a shopping center in Powhatan County, has sold for $4.325 million, S.L. Nusbaum Realty Co. announced Friday. Ruffin Mill LLC, a local investor, purchased the property at 3452 Anderson Highway. The 17,235-square-foot, fully leased shopping center includes tenants Powhatan Medical Associates, Edward Jones, Angela[...]
Pennsylvania company to build $11M expansion in Pulaski
The Patton Logistics Group will invest $11 million to expand its trucking, logistics and warehousing operation in the New River Valley Commerce Park in Pulaski County, creating 63 jobs, Gov. Ralph Northam announced Thursday. The company will add 150,000 square feet to its 250,000-square-foot logistics center. The expansion will [...]
Va. new jobless claims top 10K, a dramatic rise
Virginia’s initial unemployment claims rose by 67% this week, while continued claims continued to decrease, the Virginia Employment Commission reported Thursday. The state saw the nation’s second largest increase in initial claims. For the filing week ending Aug. 7, the state recorded 10,226 new jobless claims, up 4,197 [...]
Metro unveils major Falls Church redevelopment agreement
The Washington Metropolitan Area Transit Authority has signed an agreement to redevelop the West Falls Church Metro Station site as a more than 1 million-square-foot mixed-use development. Construction is expected to begin in 2023. The agreement was reached with FGCP-Metro LLC, a joint real estate development partnership involvi[...]
Reston consulting firm acquires Stafford technical solutions company
Reston-based consulting firm Counter Threat Solutions LLC has acquired Stafford-based Quantitative Analytics LLC, completing its second acquisition, CTS announced Thursday. Financial details of the transaction were not disclosed. CTS is a consulting company that provides subject matter experts to the intelligence and defense communities. Both are service-disabled veteran-owned small businesses. Founded in 2011, Quantitative Analytics [&[...]
LMI announces Lisa Disbrow will be next chair of the board
Lisa Disbrow will be the next chair of the board for Tysons-based government and defense contractor LMI, succeeding Ken Krieg, LMI announced Monday. Disbrow is currently the audit and finance committee chair, a position she has held since November 2019. She joined the board in 2018. In 2017, Disbrow retired from her role as Unde[...]
Reston-based Comscore expands Fox Corp. partnership
Reston-based media measurement and analytics company Comscore Inc. has made a multi-year agreement expanding and extending its relationship with Fox Corp., including using Comscore’s national TV measurement, it announced Friday. Financial details of the agreement were not disclosed. “It is a privilege to continue our longstanding relationship with Fox and have their vote of confidence […][...]
Peraton wins nearly $1B DOD contract
Herndon-based Peraton Inc., a national security contractor, won a nearly $1 billion task order to provide the U.S. Department of Defense’s U.S. Central Command (USCENTCOM) and its mission partners with operational planning, implementation and assessment services (OPIAS). USCENTCOM directs military operations with allies in the[...]
