VEDP board taps interim president
Jason El Koubi has been with VEDP since 2017
Published
The Virginia Economic Development Partnership Board of Directors’ executive committee voted unanimously on Nov. 17 to name Jason El Koubi interim president and CEO of the partnership, effective Jan. 1. VEDP’s executive vice president, El Koubi has been with the organization since July 2017. “We have succeeded because we have a highly talented, dedicated team,
Metro to keep reduced service levels through end of year
Much of Metro fleet is still sidelined after October derailment
Published
Metro customers will see reduced rail service through the end of the year, the Washington Metropolitan Area Transit Authority announced Monday. The transit system authority attributed the disruption to its 7000-series fleet, the newest rail cars, still being out of service. These trains make up much of Metro’s fleet but have been sidelined since October.
Stafford supervisor elected to head VACo
Meg Bohmke was elected Nov. 16
Published
Stafford County Supervisor Meg Bohmke was elected the next president of the Virginia Association of Counties (VACo) at the group’s annual conference in Norfolk on Nov. 16. Bohmke succeeds Fairfax County Chairman Jeffrey C. McKay and becomes the second president from Stafford to lead the association, following Ferris M. Belman who led the group from
Zion Crossroads shopping center sells for $4.85M
Deal includes land next to center, totaling 3.51 acres
Published
L&D Land Trust purchased the Freedom Drive Shops retail center and the land next to it in Zion Crossroads for $4.85 million from Freedom Drive Shops LLC, Cushman & Wakefield | Thalhimer announced Friday. The 100% leased, 10,296-square-foot shopping center is at Freedom Drive and Route 15. Tenants include Dunkin’ Donuts and Anytime Fitness. The
Hampton multifamily property sells for $9.25M
The property has 136 units
Published
Barrington Woods, a 136-unit multifamily property in Hampton, has sold for $9.25 million, Cushman & Wakefield | Thalhimer announced Wednesday. Outlier Realty sold the property, at 607 Michigan Dr. in Hampton, to Los Angeles-based investor DBC Barrington. Clark Simpson and Erik Conradi of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Hampton Roads and
Colliers promotes J. Scott Adams to executive managing director
Adams is based in Norfolk
Published
J. Scott Adams has been promoted from regional president to executive managing director for Colliers’ Virginia and Raleigh, North Carolina, brokerages, Colliers announced Nov. 9. Adams will focus solely on the leadership of all brokerage operations in the region. He will be based in Norfolk but will travel between the Virginia and Raleigh offices weekly.
$41.9M apartment building coming to Richmond’s Manchester neighborhood
Commodore will have 173 units, 7 stories
Published
Atlanta and Washington, D.C.-based developer Capital City Real Estate is building a seven-story, 173,000-square-foot multifamily project in Richmond’s Manchester neighborhood about a mile from downtown Richmond. Colliers, which assisted with the financing, announced the $41.9 million project Nov. 11. Commodore will have 173 residential units and 3,500 square feet of ground-floor retail space. Construction is
Va. Beach apartment complex sells for $98.5M
Coastline Apartments complex includes 600 units
Published
Coastline Apartments, a 600-unit apartment complex in Virginia Beach near Virginia Wesleyan University, has been sold for $98.5 million, Northmarq announced Wednesday. Northmarq represented the seller, Arlington-based Blackfin Real Estate Investors, in a joint venture with GMF Capital. The complex is on 36 acres at 631 Lake Edward Drive. It has a swimming pool, playgrounds,
Two NoVa office properties sell for $118M, $27.6M
Monday Properties acquires Three Ballston Plaza, Fairview Park office buildings
Published
Monday Properties has acquired two properties in Northern Virginia, the real estate investment firm and developer announced Thursday. The firm closed deals on Three Ballston Plaza, a 330,000-square-foot office building in Arlington’s Rosslyn-Ballston corridor, for $118 million and a 184,000-square-foot office building at 3141 Fairview Park in the Merrifield submarket of Fairfax County for $27.6
The Motley Fool hires chief diversity and inclusion officer
Rachel Williams has worked for Yelp, StubHub, Alphabet
Published
Alexandria-based financial services company The Motley Fool Holdings Inc. has hired its first chief diversity and inclusion officer, the company announced Wednesday. Rachel Williams joined the company on Nov. 12. She will work on recruiting, leadership development, employee engagement and retention. Her focus will also include advising The Motley Fool’s product and marketing teams. Williams