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Arlington federal contractor acquires Alexandria tech firm
Arlington-based IT services federal contractor Planned Systems International Inc. acquired Alexandria-based technology company ProSphere Tek Inc., it announced Thursday. Financial details of the transaction were not disclosed. Founded in 2006, federal contractor ProSphere designs and maintains mission-critical systems, supports [...]
Va. Beach apartment complex where Pharrell lived sells for $24.5M
The Virginia Beach apartment complex where music superstar Pharrell Williams lived until he was 7 has been sold for $24.5 million to Fairstead, a New York-based real estate company focused on sustainable development and affordable housing. The company announced Thursday that it plans a $15 million overhaul of the Atlantis Apartm[...]
Yorktown’s Duke of York Hotel sells for $3M
The Duke of York Hotel in Yorktown sold for $3 million, M.A. Bowry & Co. announced July 2. Built in 1965, the 57-room, 26,084-square-foot, limited-service hotel is located on the York River. It will remain open as the company renovates it. Crockett Enterprises LLC sold the hotel to a limited liability company connected to M.[...]
James City County industrial building sells for $2.67M
The Design Masters building in James City County sold for $2.67 million, Cushman & Wakefield | Thalhimer announced Wednesday. Tetreault Holdings Inc. bought the 40,000 square-foot-building from Friendship Partner as an investment for their contracting business, The Drying Co./ThermalTec, according to the news release. The in[...]
DISYS names CFO and treasurer
McLean-based staffing firm Digital Intelligence Systems LLC named Philip Monti as its chief financial officer and treasurer of the combined enterprise of DISYS and Signature Consultants, DISYS announced Wednesday. He will oversee financial operations and management of the enterprise, building on his former position at Signature [...]
George Mason hires chief diversity officer
Sharnnia Artis will be George Mason University’s vice president for diversity, equity and inclusion and chief diversity officer, beginning Sept. 1. Artis currently serves as the assistant dean for access and inclusion in the Donald Bren School of Information and Computer Sciences and Samueli School of Engineering at the Un[...]
Old Point National Bank appoints VP operations
Hampton-based Old Point National Bank has appointed Christopher Hobbs as its vice president of operations, the bank announced Wednesday. “We are so pleased to have Chris Hobbs join the Old Point family,” said Susan R. Ralston, executive vice president and chief operating officer for Old Point, in a statement. “[...]
Shield AI acquires Alexandria-based defense contractor
Alexandria-based defense contractor Heron Systems Inc. was acquired by San Diego-based technology company Shield AI, according to announcement Thursday from Shield AI. Financial details of the transaction were not disclosed. The companies will work on the deployment of artificial intelligent pilots for military aircraft. Shield [...]
Danville apartment complex sells for $7.85M
Danville Investors LLC sold the 100-unit Turnpike Townhomes for $7.85 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Turnpike Townhome Apartments LLC purchased the apartments at 1300 Franklin Turnpike, as well as parcels of adjacent vacant land, on June 21. Clay Taylor, a certified [...]
John Tyler Community College renamed Brightpoint
John Tyler Community College will become Brightpoint Community College after receiving unanimous approval from the Virginia Community College System state board in its Thursday meeting. On July 8, John Tyler Community College President Edward “Ted” Raspiller announced that he had recommended Brightpoint Community College as [...]
UnitedLex still faces $128M lawsuit from LeClairRyan trustee
UnitedLex’s motion to dismiss a $128 million lawsuit filed by LeClair Ryan PLLC trustee Lynn Tavenner was denied by a U.S. bankruptcy judge on Tuesday, according to The American Lawyer. In 2018, Richmond-based LeClairRyan struck a deal to outsource about 300 of its support workers through a partnership with enterprise lega[...]
CACI wins $1.4B DOD contract
Arlington-based Fortune 500 federal technology contractor CACI International Inc. was awarded a potential $1.4 billion task order by the U.S. Department of Defense to continue supporting the Defense Threat Reduction Agency’s Decisive Action Task. Under the single-award task order, CACI will provide analysis and technology to the DTRA to help counter and deter weapons of […]
