Abbey Residential buys rebranded Lakes at Inverness apartments for $58M

One of Birmingham’s largest apartment communities has been sold.

The Abbey at Inverness, formerly Lakes at Inverness, was acquired by Birmingham-based Abbey Residential for $58 million, according to a source close to the transaction.

The 88-acre, 801-unit apartment community is composed of one-and-two-bedroom apartments and townhouses and is the second largest multifamily development in the BBJ’s 2014 Book of Lists.

J. Frank Barefield Jr., president of Abbey Residential, said the property has…

Accenture to acquire Chantilly-based Agilex Technologies

Accenture Federal Services will acquire Chantilly-based information technology company Agilex Technologies Inc., the companies announced Monday in a statement. Terms of the deal were not disclosed.

Accenture says the acquisition will boost its ability to provide analytics, cloud and mobility services to the federal government.

United Steelworkers strike expands to Ohio, Indiana facilities

The United Steelworkers International strike of oil refineries widened over the weekend to include facilities in Ohio and Indiana.

The Pittsburgh-based union said Saturday that about 1,400 workers at the BP refineries in Whiting, Ind., and Toledo, Ohio, would be joining the strike that has already impacted refineries in California, Texas, Washington and Kentucky.

“We are absolutely committed to negotiating a fair contract that improves safety conditions throughout the industry,” said United Steelworkers…

One local name in the list of top 50 most generous donors in America

One of the best benefits of being wealthy may just be the ability to give some of that wealth to others.

That seems to be the case based on the fact some of America’s richest people have increased their charitable giving by a significant amount.

The Chronicle of Philanthropy is out with its list of the country’s 50 most charitable donors in 2014. The group gave $9.8 billion to nonprofit organizations last year, with the largest focus being foundations and higher education. That’s a 27.5 increase…

8 things to start your Monday, including how Uber and Lyft are lifted in Virginia

Good morning and welcome to your Monday. Here’s some of your business:

1. AM News Talkers:

You get around town in an Uber-Lyft way so there’s more news on the ride-hailing service pertinent to those living in Virginia or Montgomery County. To wit:

In Virginia, while permanent regulations are hammered out, the Virginia Department of Motor Vehicles say Uber and Lyft can continue operations, according to NBC4. Virginia had already hammered out a temporary agreement with the two companies, which will…