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These six Va. billionaires made Forbes’ 2024 richest Americans list
Six Virginia billionaires are among the 400 richest Americans, according to Forbes’ annual ranking, which the media company released Tuesday. To make the Forbes 400 list, U.S. citizens had to have a minimum net worth of $3.3 billion — an increase of $400 million over 2023’s list. Collectively, the members of this elite club are […]
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To understand office vacancy rates in Northern Virginia, Art Greenberg, the Washington, D.C.-based vice chairman for tenant advisory firm Savills Inc., employs the turkey sandwich test. In short, he explains, today’s workers want an office building where they can walk a block or two and find a half-dozen places to get a turkey sandwich for […]
Alexandria Restaurant Partners promotes CFO
Nazia Millwala has been promoted to chief financial officer for the Alexandria Restaurant Partners, the restaurant operator announced Monday. Millwala joined ARP in January 2022 as the vice president of finance, and she helped restructure ARP’s financial framework. In her new role, she will lead the company’s finances and people management as well as working […]
StartVirginia: Heard Around Virginia July 2024
Auterion, a software maker for computing platforms that support drones and autonomous robotics systems, has relocated its headquarters to Arlington County from Moorpark, California, as it seeks to be closer to its defense-related customers. The company already had some of its 112 employees based in the Washington, D.C., metro area for several years, but Auterion’s […]
LINDA RABBITT
Linda Rabbitt’s career started in the classroom, teaching middle schoolers. But when she returned to work after her daughters were born, she took a role at KPMG, where she eventually moved up to become director of marketing. Entrepreneurship wasn’t on Rabbitt’s radar until she was approached by another woman who wanted to launch the first […]
Landmark Mall redevelopment in the works
Used as a vintage backdrop to film scenes for “Wonder Woman 1984” and anchored by bankrupt retailers like Sears, the Landmark Mall in Alexandria was a relic. Almost two decades ago, the City of Alexandria first began strategizing a redevelopment of the 1960s-era indoor mall, which closed in 2017, but plans for a new 18-hour […]
Burke & Herbert completes merger
Alexandria-based Burke & Herbert Financial Services has completed a merger with West Virginia’s Summit Financial Group, the company announced May 3. The $371.5 million deal, first announced in August 2024, created a bank holding company with more than $8 billion in assets. The combined company will have more than 75 branches across Virginia, West Virginia, […]
Virginia’s fundamentals remain strong after unsuccessful arena competition
As Virginia celebrates Economic Development Week, there is no better time to recognize that when it comes to success in economic development, fundamentals matter most. Incentives, public sector support, personal connections and various intangibles — like, say, letting a CEO pick his favorite Grateful Dead concert to play during a recruitment dinner — can undoubtedly […]
EY taps 14 Virginians as Mid-Atlantic Entrepreneur of the Year finalists
Fourteen Virginia business leaders are among the 30 finalists for Ernst & Young’s 2024 Mid-Atlantic Entrepreneur of the Year award. EY announced the finalists, selected by a panel of independent judges, on April 22. The Big Four professional services company will name the regional awards winners on June 15. The Virginia finalists include: Anil Sharma, […]
Visit Alexandria appoints next president and CEO
A veteran tourism marketing executive from California, Todd O’Leary, will be Visit Alexandria‘s new president and CEO, effective July 8, the tourism marketing organization announced Monday. Visit Alexandria’s board of governors has appointed O’Leary to succeed Patricia Washington, who announced her plans to retire in December 2023. Washington will lead the organization thro[...]
Washington Wizards, Capitals reach deal to stay in D.C.
The Washington Wizards and Capitals NBA and NHL teams are staying put in the District of Columbia and will not be moving to Alexandria, according to announcements from Washington, D.C., and Virginia officials Wednesday. These events put the final nail in the coffin of a controversial $2 billion Alexandria arena proposal touted by Virginia Gov. […]
JBG Smith pledges 1,000 affordable housing units if arena passes
Developer JBG Smith pledged Friday to preserve 1,000 workforce-affordable housing units in Alexandria near the proposed sports arena and entertainment district, up from its previous promise of 500 units — upping the ante on the controversial project, which has one more chance to succeed this year. The $2 billion public-private project championed by Gov. Glenn […]
