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Recent Articles from Courtney Mabeus-Brown
Caroline County building sells for $3M
A 71,252-square-foot office building in Caroline County has sold for just over $3 million, Cushman & Wakefield | Thalhimer announced Sept. 5. The building, located at 24010 Partnership Blvd. in Ruther Glen, is on 47 acres. Atlantic Union Bank sold the building to Partnership Blvd Properties LLC. Will McGoogan of Cushman & Wakefield | Thalhimer […]
Colonial Downs Racetrack sets $2.88M daily bets record
Colonial Downs Racetrack broke records again in its racing season, with bettors waging more than $6.5 million on New Kent County Virginia Derby Day earlier this month, Colonial Downs Race Group announced this week. The total amount bet on races during the 26-day racing season was $74.9 million and a daily average of $2.88 million, […]
Exclusive: Capital Square adds co-CEO
Glen Allen-based real estate company Capital Square has promoted Whitson Huffman to co-CEO, the developer and sponsor of tax-advantaged real estate investments announced Monday. Huffman, 33, will co-lead the company with his father-in-law, Louis Rogers, founder and CEO of Capital Square, a fast-growing real estate investment fund sponsor and commercial real estate development company established [[...]
$55M affordable housing community moves forward in Richmond
The final two phases of Brady Square, a $55 million affordable housing community in Richmond, now have financing and approvals to move forward, developer Dakota Partners announced Tuesday. The Massachusetts developer announced plans for the community in December 2021. Dakota Partners purchased a 14.4-acre parcel at 2200 Brady St. on Richmond’s South Side. The complex […]
Lynchburg apartments sell for $8.15M
The Gish Flats Apartments in Lynchburg have been sold for $8.15 million, Colliers announced Tuesday. The two buildings at 317 5th St. include 66 units. Eight 8 Properties LLC purchased the apartment buildings from Gish Flats LLC. Gish Flats, near downtown Lynchburg, underwent renovations in 2016, according to Colliers. Charles Wentworth, Garrison Gore, G.S. “Hank” […]
Riverside Health System to get new CEO in 2023
Newport News-based Riverside Health System will start 2023 with a transition to a new CEO, the health care system announced Wednesday. Bill Downey will step down after 40 years with Riverside, the past 12 years of which he served as CEO. Riverside’s president and chief operating officer, Dr. Michael Dacey, will take over as CEO […]
Bitcoin whale Michael Saylor accused of tax fraud
Tysons-based MicroStrategy Inc. Executive Chairman Michael Saylor is being sued by the city of Washington, D.C., which accuses Saylor of engaging in a fraudulent scheme to deprive the city of more than $25 million in income taxes while living in “a luxury penthouse on the Georgetown waterfront” and claiming to be a resident of Virginia […]
Bon Secours names Richmond market president
Bon Secours has named Mike Lutes as its new president for the health system’s Richmond market, effective Oct. 10. He will oversee all Richmond market operations, according to a news release. Lutes replaces Faraaz Yousef, who left Bon Secours in April to become chief operating officer and executive vice president of Pennsylvania-based WellSpan Health. Lutes […]
Stihl hires HR exec from HII
Virginia Beach-based Stihl Inc. has named Melody Doleman as its new vice president of human resources, effective Sept. 6. She will be responsible for overall strategic management of human resources for the chainsaw and outdoor power equipment manufacturer. Stihl employs more than 3,000 workers in the United States and supplies the majority of Stihl products […]
Charlotte County approves Va.’s largest solar farm
The largest solar project in Charlotte County — and Virginia, according to Dominion Energy Inc. — was approved by the county’s Board of Supervisors in July. Reston-based utility-scale solar developer SolUnesco LLC received a conditional-use permit to build the $800 million to $1.6 billion Randolph Solar project in the southern part of the county. SolUnesco […]
General Dynamics Missions Systems, Iridium land $324M space contract
Fairfax-based General Dynamics Missions Systems and McLean-based Iridium Communications Inc. have received a $324 million contract to build and provide network operations and support for the National Defense Space Architecture. The award, from the Space Development Agency, includes a $162.9 million base and $161.5 million in options. Under the contract, General Dynamics Missions Systems and [&hell[...]
Leidos receives Navy undersea warfare contract
Leidos Inc., the Reston-based Fortune 500 government contractor, has received a nearly $24 million contract from Naval Sea Systems Command to install, integrate and maintain the Navy’s AN/SQQ-89 Surface Ship Undersea Warfare combat systems, according to a Department of Defense announcement last week. The contract includes options that could bring the total award to nearly […]
Hampton Roads’ LGBTQ chamber relaunches
After a two-year hiatus due to COVID-19, Hampton Roads Business Outreach (HRBOR) is reviving its mission to empower and support LGBTQ businesses and their allies. HRBOR was established in 2006 and promotes LGBTQ influence through business ownership, workforce equality and diversity and inclusion. “We’re in a regrowth process,” says Eric Hause, HRBOR’s membership director and […]
Counting on change
Royce Burnett remembers how challenging it felt in 1981 as a freshly graduated audit associate starting work at a Big Eight accounting firm in Texas. Of about 250 new employees hired at the time, Burnett, who’s now an associate professor and chair of Old Dominion University’s School of Accountancy, believes he was the only African […]
Va.-built carriers get star turn in new Top Gun flick
Shipbuilders at Newport News Shipbuilding got to see some of their work on the big screen when they were treated to early viewings of “Top Gun: Maverick” this week. The latest film about Navy aviator Pete “Maverick” Mitchell – starring Tom Cruise – is touching down in theaters across the country and features the aircraft […]
HII names new VP for Columbia-class submarines
Newport News-based Fortune 500 contractor Huntington Ingalls Industries has named Brandi Smith vice president of the Columbia class submarine program at its Newport News Shipbuilding division. Smith succeeds Charles Southall, who is retiring July 1 after more than 35 years, HII said in a news release Thursday. The Columbia class has long been the Navy’s […]
Virginia Retirement System names new CIO
The chief investment officer for Rhode Island has been named to lead the same post for Virginia’s retirement system. The Virginia Retirement System Board of Trustees on Wednesday named Andrew H. Junkin to succeed Ron Schmitz, who is retiring as CIO in January 2023. Junkin will start in September, according to a news release. He […]
Century-old Birdsong Peanuts to modernize Suffolk plant
Suffolk-based Birdsong Peanuts is investing $25.1 million to modernize it Suffolk shelling facility, Gov. Glenn Youngkin announced Tuesday. The company plans to refurbish and automate production lines at the Suffolk plant. It is also committing to additional growing opportunities for Virginia peanut producers, a news release said. Additional details about those opportunities and whether the [&hell[...]
Gainwell Technologies hires new client engagement officer
Tysons-based Gainwell Technologies has named Karen Shields as its chief client engagement officer, the health and human services IT provider announced last week. Shields will work in collaboration with Gainwell’s project management team to anticipate and fulfill client needs, according to a news release. She previously served as deputy director for the Center for Medicaid […]
DXC President/CEO adds chairman to title
Mike Salvino, president and CEO of DXC Technology Co., will be adding chairman to his title, the Ashburn-based Fortune 500 IT services company announced Tuesday. Salvino will ascend to his new position following the company’s annual stockholder meeting on July 26. He succeeds former Pfizer Inc. Chairman and CEO Ian C. Read, who is retiring […]
