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Thalhimer announces new associate
Cushman & Wakefield | Thalhimer announced Tuesday that Thacher Jennings has joined its Lynchburg office as an associate in their commercial brokerage group. Prior to joining Thalhimer, Jennings was with CORE Real Estate & Development in Charlottesville, focusing on sales of both commercial and residential properties. Sub[...]
Central Virginia home lot sales surged 33% in Q4 2020
Henrico-based real estate researcher Integra Realty Resources announced this week that Central Virginia saw a surge of home activity in the fourth quarter of 2020, with lot sales increasing by 33% and permitting activity increasing by 39%. In this time frame, 1,430 building permits were issued for construction and 1,432 vacant lots were sold. Integra […]
Colliers International Virginia taps executive vice president
Richmond-based commercial real estate agency Colliers International Virginia LLC announced Thursday that Charles Wentworth has been promoted to executive vice president. Wentworth joined Colliers in 2012 to specialize in multifamily sales, where he represents private, high net-worth and institutional clients in the Central and w[...]
Homes sell above listing price in Virginia
In its February 2021 Home Sales Report, Virginia Realtors says that homes in Virginia sold above their asking price on average, sales have quickened, and housing inventory has continued to shrink last month. For several months, strong demand, limited inventory and historically low mortgage rates have driven price growth in Virginia. In February, the median […]
Hotel revenues down 39% in February
Virginia hotel revenues for February 2021 declined by 39% compared to February 2020, according to data released Thursday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, rooms sold declined by 23%. The average daily rate (ADR) paid for hotel rooms dropped 21% to […]
Northam signs alcohol, ‘games of skill’ bills into law
Gov. Ralph Northam announced on Friday that he has signed several bills into law, including ones that allow for the delivery and take-out of alcoholic beverages and the ban of so-called “games of skill.” House Bill 1879, sponsored by Del. David Bulova, D-Fairfax, and Senate Bill 1299, sponsored by state Sen. John Bell, D-Ash[...]
MWAA sells facial recognition system to Pangiam
VeriScan, a facial-recognition system developed by the Metropolitan Washington Airports Authority, has been sold to Alexandria-based Pangiam, a security and travel services provider, the company announced Friday. Terms of the transaction were not disclosed. More than 40 airlines use veriScan’s traveler verification system, which is an integrated biometric facial recognition program that debuted in 2018 […][...]
Magellan Federal wins potential $2B DOD contract
Magellan Federal Inc., the Arlington-based subsidiary of Magellan Health, was awarded a Department of Defense contract worth up to $2 billion, the company announced Thursday. It will provide counseling services on military bases on the eastern half of the United States, as well as overseas installations in Europe and Africa. Magellan Federal first began offering […]
Rosetta Stone acquired by California-based learning platform
Arlington-based software company Rosetta Stone Inc. has been acquired by IXL Learning, the California-based educational learning company announced on Wednesday. Founded in 1992, Rosetta Stone’s products are used by more than 1 million people in 150 countries to learn 30 languages. IXL is an integrated learning platform that supports more than 12 million students in […]
Herndon-based Peraton acquires mobile robot subsidiary
Herndon-based national security contractor Peraton Inc. announced Thursday it has acquired Remotec Inc. through its $3.4 billion cash purchase of Northrop Grumman’s integrated mission support and IT solutions business in February. Now branded as Peraton Remotec, the Tennessee-based subsidiary is a global leader in mobile robot systems for hazardous duty operations. Peraton also announced the […][...]
Pamunkey tribe hires EVP of gaming, resort operations
The Pamunkey Indian Tribal Gaming Authority, a non-corporate entity owned by the Pamunkey Indian Tribe, announced Thursday that Rodney Ferguson has been hired as executive vice president of gaming and resort operations, effective April 12. He also will serve in a senior leadership role at the tribe’s forthcoming Norfolk ca[...]
U.Va. names new student affairs chief
The University of Virginia announced Thursday that Robyn S. Hadley will become its new vice president and chief student affairs officer effective June 1. Hadley currently serves as associate vice chancellor and dean for scholar programs at Washington University in St. Louis. In her new role at the Charlottesville university, Had[...]
