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Accenture Federal Services lands $453M VA contract
Arlington-based Accenture Federal Services has won a $453 million contract from the U.S. Department of Veterans Affairs to modernize and improve G.I. Bill claims processing for veterans, service members and their families, announced March 29. The seven-month contract, which includes nine one-year options, is part of legislation intended to improve the speed and accuracy of […]
COVID roundup: 28% of Va. population vaccinated
As of Monday, March 29, 28.1% of Virginians have received at least one COVID-19 vaccine dose, and 15% of the state’s population is fully vaccinated, according to the Virginia Department of Health. So far, 3.5 million vaccine doses have been administered statewide, and 2.3 million people have been vaccinated with at least o[...]
Commercial real estate leasing roundup
Central Virginia Environmental Quality Resources LLC renewed its lease of 32,670 square feet of industrial space at 11131 Progress Road in Ashland. Gregg W. Beck of Thalhimer handled the lease negotiations on behalf of the landlord. Surplus Freight has leased 16,361 square feet of retail space at Park South Shopping Center, 798 Southpark Blvd. in […]
$68M Mosaic apartment tower coming to Chesapeake’s Summit Pointe
Construction will begin April 1 on Mosaic, a $68 million, six-floor mixed-use tower coming to Chesapeake’s Summit Pointe development, according to a March 25 announcement from Summit Pointe Realty LLC. Mosaic is a continuation of the second phase of the Summit Pointe mixed-use development, which is located on 69 acres in Chesapeake’s Central Business District. […]
Construction begins on residential towers in National Landing
Developer JBG Smith announced Friday that it has begun construction on two residential towers at 1900 Crystal Drive in National Landing. The development will include 808 apartments and approximately 40,000 square feet of street-level retail across from two new mixed-use buildings. The 27-story southern tower will include 471 apa[...]
Chesapeake office building sells for $1.25M
PNSC LLC purchased a 7,500-square-foot office building at 501 Baylor Court in Chesapeake for $1.25 million, Cushman & Wakefield | Thalhimer announce on March 22. PNSC purchased the building from BCGMR LLC as an investment. The purchaser plans to renovate a portion of the building and locate Progressive Neurology and Sleep Ce[...]
Capital Square buys Chesapeake apartment complex for $67.25M
Henrico County-based real estate investment company Capital Square has acquired Streets of Greenbrier apartments in Chesapeake for $67.25 million. Located at 929 Wintercress Way, the 280-unit multifamily community sits on 13.78 acres. Constructed in 2013, the community consists of nine residential buildings and includes studio, [...]
Norfolk apartments sell for $1.96M
A Northern Virginia-based investment group has purchased the 30-unit Princess Court Apartments in Norfolk for $1.96 million, Cushman & Wakefield | Thalhimer announced on March 23. Located at 3724, 3800 and 3814 E. Princess Anne Road, the complex was purchased from Princess Court Apartments LLC. The name of the purchaser was [...]
More vaccine going to Richmond and NoVa, as demand increases
More COVID-19 vaccine doses are going to be allocated to Northern Virginia and Richmond regions soon, the state’s vaccine coordinator said Friday, addressing higher demand in those areas of the state. Avula said he expects Northern Virginia to get 20% to 30% more doses next week. A large influx of Virginians driving severa[...]
Blacksburg Partnership president retiring
After 19 years as the founding leader of the Blacksburg Partnership, Diane Akers announced Friday that she will retire on June 30 from her position as president of the private economic development group. Akers was hired as the Blacksburg Partnership’s founding director in 2002, helping launch the organization that was esta[...]
WSJ reports Axios is eyeing merger with the Athletic
Arlington-based digital news company Axios Media Inc. is in discussions to merge with San Francisco-based sports media firm the Athletic, according to The Wall Street Journal, with the two companies potentially going public through a merger with a blank check company. According to the article, negotiations are in early stages after the Athletic’s chief executive, […]
Northam seeks to include part-time workers in state IRA fund
Virginia Gov. Ralph Northam has proposed a change to a bill to allow part-time employees to participate in a newly created state-administered retirement fund for workers without 401(k) access, the governor’s office announced Friday. Northam also has signed legislation expanding an existing broadband pilot program to increa[...]
