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Ørsted leases space for offshore wind staging at Portsmouth Marine Terminal
Denmark-based energy company Ørsted has agreed to lease a portion of the Portsmouth Marine Terminal from the Virginia Port Authority to stage materials and equipment for Dominion Energy’s offshore wind project, Gov. Ralph Northam announced Tuesday. The Virginia Port Authority Board of Commissioners unanimously voted to ra[...]
Richmond-based architecture firm launches new studio, names director
Richmond-based architecture firm Glavé & Holmes Architecture has named Susan Reed as the director of its new studio focused on historic preservation. With the addition of Reed’s studio, the firm now comprises seven studios and employs more than 70 people. Glavé & Holmes Architecture serves higher education inst[...]
Herndon-based K12 acquires Denver tech school for $165M
Herndon-based online education provider K12 Inc. will acquire Denver-based data and technology school Galvanize Inc. in a $165 million all-cash transaction, the company announced Monday. The deal was approved by both companies’ boards of directors and is expected to close on Monday. The acquisition includes Galvanize’s management team, campuses and software engineering and data science […][...]
Colliers International promotes three employees to exec leadership
Commercial real estate firm Colliers International’s Richmond office has promoted three employees to executive leadership positions, the company announced Friday. Will Bradley has been promoted to executive vice president. Bradley leads the Richmond office and the industrial investment sales team, specializing in instituti[...]
Liberty University slams Northam’s proposed cut to online tuition aid
Gov. Ralph Northam’s proposal to cut Virginia Tuition Assistance Grant (VTAG) aid for online students would negatively impact more than 2,000 students per year at Liberty University alone, the state’s largest university by enrollment stated in a news release issued Friday. Currently being considered by the new Democr[...]
Reston Business Campus sells for $13M
The four-building Reston Business Campus on Pinecrest Drive in Reston has sold for $13 million, according to the seller, Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. The campus was purchased by 10th Street LLC and totals approximately 83,000 square feet. The four buildings were part of a larger [...]
Cville’s Castle Hill Gaming signs new HQ lease
Charlottesville-based slot-machine-gaming software developer Castle Hill Gaming signed the lease for its new 20,000-square foot headquarters in Albemarle County, where it will be the anchor tenant in the $45 million Stonefield mixed-use development. Washington, D.C.-based real estate firm The Bernstein Companies is funding the development via its OPZ Bernstein Opportunity Fund. Construction has yet to be […][...]
Matrix Capital Markets Group adds two directors
Richmond-based independent investment bank Matrix Capital Markets Group Inc. has promoted William J. O’Flaherty and Stephen C. Lynch as directors. O’Flaherty has been a member of the investment bank’s consumer and industrial products group since 2011. He holds a bachelor’s degree in commerce with a concen[...]
Williams Mullen taps new chief admin officer and CFO
Richmond-based Williams Mullen, the state’s third-largest law firm, has promoted Billie Jo Brooks to chief administrative officer and Brett Harn as chief financial officer. “Billie Jo and Brett both bring valuable experience and insight to areas critical to Williams Mullen’s operations,” Williams Mullen COO Craig Rascoe said in a statement released Thursday. “We look forward […][...]
Developer expects to break ground soon on luxury apartments in Richmond
Construction will start this spring on a six-story luxury apartment building in downtown Richmond geared toward young professionals, New York-based developer Goodstein Development Corp. announced Thursday. Goodstein plans to break ground at 507 E. Main St. in the next two months and complete the project by spring 2021, according[...]
Macedon Technologies set for $1.65M expansion in Reston
Macedon Technologies will expand its corporate headquarters in Reston, investing $1.65 million and creating an expected 147 jobs, Gov. Ralph Northam announced Thursday. The privately held software company, founded in 2009, is an Appian platform partner that provides programs for managing workflow and projects for businesses in several industries, including health care, insurance, manufacturing, energy, […][...]
The Hilb Group acquires Maryland insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Wednesday the acquisition of Maryland-based Martens Johnson Insurance Agency Inc. The transaction that took effect Jan.1. Financial terms of the acquisition were not disclosed. Martens Johnson is a full-service insurance agency specializing in serving the commercial transportation industry. THG —a portfolio company of Washington, D.C.-based […][...]
