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$40.8M apartment building in Alexandria sells
A 227-unit apartment building in Alexandria assessed at $40.8 million sold for an undisclosed sum, JLL Capital Markets announced Tuesday. JLL Capital Markets arranged a three-year $34.34 million loan for commercial real estate company Washington Property Co., which brought the property from 100 South Reynolds LLC. The loan was s[...]
Virginia Beach, Manassas apartment complexes sell for $77.6M
An apartment complex in Virginia Beach sold for $52.1 million, and an apartment building in Manassas for $25.5 million, Alexandria-based real estate company Bonaventure announced Monday. Sitting on 19.83 acres, Magnolia Run is a 200-unit, 421,272-square-foot apartment complex in Virginia Beach with two- and three-bedroom units, [...]
Merrick named as state’s next commerce secretary
Caren Merrick, the CEO of Virginia Gov.-elect Glenn Youngkin’s nonprofit Virginia Ready Initiative, has been chosen to serve as Virginia’s next secretary of commerce and trade, Youngkin’s campaign announced Tuesday. Before leading VA Ready, a role in which she managed $10 million in public and private funding t[...]
Cvent goes public again
Tysons-based event software company Cvent Holding Corp. began trading on the Nasdaq Global Market Dec. 9 after closing its merger the day before with San Francisco-based SPAC Dragoneer Growth Opportunities Corp. II. The move is Cvent’s second time going public. In 2016, Vista Equity Partners acquired it for $1.65 billion and t[...]
Va. invests $722M in broadband expansion
Virginia Gov. Ralph Northam this week announced a state investment of $722 million in grants toward expanding high-speed internet service in 70 localities across the commonwealth. The governor says the funding will help Virginia achieve 90% of its universal broadband access goal by 2024. “Broadband access impacts every facet o[...]
Tysons Partnership names acting exec. director
Tysons Partnership Inc. has named Richard Bradley, principal at Washington, D.C.-based The Urban Partnership LLC, as the organization’s acting executive director, effective Jan. 1. Bradley succeeds Tysons Partnership President and CEO Sol Glasner, who is stepping down Dec. 31. Glasner announced his retirement in August aft[...]
ICF International to acquire Creative Systems and Consulting
Fairfax-based management consulting firm ICF International Inc. has entered into a definitive agreement to acquire McLean-based IT federal contractor Creative Systems and Consulting, ICF announced Tuesday. The financial terms of the acquisition were not disclosed. Founded in 1969, ICF has about 7,500 employees. Creative was foun[...]
Amazon provides $21M to create real estate developers of color program
Amazon.com Inc. announced Wednesday a $21 million grant to create a professional training, mentorship and capital funding program for real estate developers of color focused on affordable housing. “With this accelerator program, we are laser focused on lifting up emerging real estate developers of color. We want to foster thei[...]
Commercial real estate leasing roundup
Hampton Roads Daliza’s Dominican Beauty Salon leased 1,200 square feet of retail space at 980 J. Clyde Morris Blvd. in Newport News. Bob Saunders of Harvey Lindsay Commercial Real Estate handled this transaction. Audio Pros Inc. renewed its lease of 3,47 square feet of retail space at 894 East Little Creek Road in Norfolk. Kimberly […]
GMU hires first university ombudsperson
George Mason University has hired Kimberly Davidson as its first ombudsperson, and she will start in February, the university announced Friday. Davidson comes to the university from Ohio’s Oberlin College, where she worked for two decades, including the past five years as the college’s ombudsperson, who is charged wi[...]
KBS sells Fairfax office park for $106M
KBS has sold Willow Oaks Corporate Center in Fairfax County’s Merrifield area to Utah-based Bridge Investment Group for $106 million, Newport Beach, California-based KBS announced Thursday. The 584,147-square-foot Class A office park was built in three phases in 1986, 1989 and 2003. It includes three buildings located near[...]
Qualtrics expansion expected to bring 400 jobs to Fairfax
Qualtrics, a data analytics and experience management software company based in Seattle and Provo, Utah, is expanding its presence in Fairfax County and expects to create 400 jobs in a new location in Reston, Gov. Ralph Northam announced Thursday. The company will move from its former office in Reston to an 85,000-square-foot sp[...]
