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Norfolk industrial building sells for $3.75M
A 66,000-square-foot industrial building in Norfolk has sold for $3.75 million. Virginia Beach-based Club Forrest Acquisitions LLC purchased the building, located at 4500 Progress Road, from Boston-based Wheeler Commercial Properties. The deal closed on April 15. The building is situated on a four-acre parcel and is currently oc[...]
Dollar Tree launches digital media network
Chesapeake-based Fortune 500 discount retailer Dollar Tree has launched a digital media arm that aims to connect advertisers with potential customers via its Family Dollar retail brand, it announced today. Dollar Tree says its new venture, the Chesapeake Media Group, will offer services that help companies place ads on Family Dollar’s website and mobile app […]
Henrico-based The Hilb Group announces four acquisitions
Henrico County-based insurance company The Hilb Group LLC (THG) announced a series of acquisitions in the last three weeks, bringing its total offices to more than 100 in 22 states. The company has been focused on acquisitions in recent years. Founded in 2009, THG has been a portfolio company of Washington, D.C.-based investment management company […]
Arlington’s Blackfin acquires Roanoke County apartments for $23.2M
Arlington-based Blackfin Real Estate Investors LLC purchased Villages at Garst Creek, a 504-unit apartment complex in Roanoke County, for $23.25 million. The deal closed on April 21. Built in 1974, the 33-building property is located at 4375 Garst Mill Road. The property was rehabbed in 2007 under the Section 42 Low-Income Housi[...]
Fortnite video game CEO makes Va.’s largest land conservation gift
North Carolina billionaire and Epic Games Inc. CEO Tim Sweeney has donated 7,300 acres of privately-owned land in Halifax County to the state — the largest single private land conservation gift in Virginia history, Gov. Ralph Northam announced Friday. Cary, North Carolina-based Epic is the company behind the massively popular [...]
McAuliffe has significant lead among Dems in latest poll
In a poll released Thursday, 47% of Virginia Democratic voters surveyed are backing former Virginia Gov. Terry McAuliffe’s primary bid for his party’s gubernatorial nomination, according to data from Christopher Newport University’s Wason Center for Public Leadership. Two months ago, McAuliffe had 26% of the vo[...]
Maximus acquires Houston veterans services company for $1.4B
Reston-based government services company Maximus announced Wednesday that it will purchase the parent company of Veterans Evaluation Services Inc. (VES) for $1.4 billion. Based in Houston, VES is a privately held company that serves the federal government, including the U.S. Department of Veterans Affairs, as a provider of medical disability examinations to determine veterans’ eligibility […][...]
Unison acquires Price Systems
Dulles-based Unison Software Inc. announced Wednesday that it has acquired New Jersey-based Price Systems LLC for an undisclosed amount. Both companies provide software to support governmental missions, acquisition professionals, government contractors and manufacturers. “Our customers’ mission-critical programs continue to grow more complex. Price Systems best practices, thought leadership and unrivaled data-driven software are[...]
Leidos awarded $480M contract from U.S. Customs and Border Protection
Reston-based Fortune 500 company Leidos Holdings Inc. announced Tuesday it has been awarded a $480 million contract by U.S. Customs and Border Protection (CBP) to provide multi-energy portal (MEP) systems for nonintrusive inspections of commercial vehicles at land and sea ports of entry. The award for the science and technology company includes a base period […]
Northrop Grumman lands $2.3B ICBM contract
Falls Church-based Northrop Grumman Corp. has been awarded a U.S. Department of Defense (DOD) contract for up to $2.3 billion to support propulsion subsystems for intercontinental ballistic missiles (ICBM), DOD announced on Tuesday. The 18.5-year contract provides assistance to the government in maintaining the Minuteman III weapon system. The work will be performed primarily in […]
Amazon to create 1,000 jobs with Henrico fulfillment center
Amazon.com Inc. plans to build a multistory, 650,000-square-foot facility robotics fulfillment center at Richmond Raceway in Henrico County, creating 1,000 jobs, Virginia Gov. Ralph Northam announced Wednesday. The center, which will be built on 119 acres of ancillary land used for overflow parking by the raceway, is expected to[...]
Richmond nixes Bally’s casino proposal
The city of Richmond has cut the $650 million Bally’s casino proposal from consideration, leaving two competitors, the mayor’s office announced Wednesday morning. The Live! Casino & Hotel proposal by Baltimore-based The Cordish Cos. and ONE Casino and Resort, proposed by Silver Spring, Maryland-based Urban One, a[...]
