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Norfolk City Council votes to purchase MacArthur Center
City to pay up to $18M for 23-acre downtown mall
On Wednesday evening during a special meeting, Norfolk City Council members approved plans for the city to purchase the struggling MacArthur Center mall downtown for up to $18 million. The
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SES completes $450M purchase of Leonardo DRS satellite biz
Deal doubles Reston satcom company's federal portfolio
Published
Reston-based satellite telecommunications company SES Government Solutions has completed its $450 million acquisition of Arlington-based Leonardo DRS Inc.’s Global Enterprise Solutions satellite communications subsidiary following receiving regulatory approval. SES Government
The Acacia Group acquires Atlanta consulting firm
Tysons equity firm acquired The Baer Group
Published
Tysons-based private equity firm The Acacia Group announced Wednesday that it had acquired Atlanta-based technology, staffing and consulting firm The Baer Group. Financial details of the transaction were not disclosed.
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Lee Enterprises rejects Alden’s $144M purchase offer
Buy would have consolidated 33 Va. newspapers under hedge fund
Published
Lee Enterprises Inc.’s board unanimously rejected Alden Global Capital’s $144 million buyout offer made last month, saying it “grossly undervalues” the company and its newspapers, which include 31 publications in
$8.5M parcel in Spotsylvania to be used for Veterans Affairs clinic
Carnegie Management and Development Corp. purchased 48.75-acre property
Published
Nearly 50 acres of land along Route 1 and Interstate 95 in Spotsylvania County has sold for $8.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The 48.75-acre parcel will
Chesapeake office building sells for $4.25M
50K-square-foot property sells to Hooked Group LLC
Published
An office building in Chesapeake has sold for $4.25 million, Colliers International announced Monday. Located at 661 Independence Parkway, the 50,000-square-foot Class A office building sits on more than 11
Va. Beach manufacturing facility sells for $21.7M
Industrial building fully leased to World Distribution Services
Published
A 320,000-square-foot industrial building in Virginia Beach sold for nearly $21.7 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced late last week. The property located at 1537 Air
Chesapeake Family Dollar property sells for $1.78M
Property located at 3736 Ahoy Drive
Published
A Family Dollar store property in Chesapeake sold for $1.78 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 3736 Ahoy Drive, the 8,320-square-foot retail property