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Recent Articles from Katherine Schulte
Richmond City Center project awaits city decision
The City of Richmond continues to evaluate four proposals to demolish the shuttered Richmond Coliseum and redevelop the surrounding downtown area — 9.4 acres comprising the City Center Innovation District. In May 2023, the Richmond Economic Development Authority and the Greater Richmond Convention Center Authority released renderings from four developer groups — Capstone Development, City [&he[...]
Buc-ee’s starts construction on Rockingham center
It won’t be too long before drivers on Interstate 81 in Rockingham County will see a sign bearing a friendly, hat-wearing beaver. Texas-based travel center chain Buc-ee’s started construction on its first travel center in Virginia with a ceremonial groundbreaking Tuesday. Gov. Glenn Youngkin was there, as well as Buc-ee’s founder and CEO Arch “Beaver” […]
Martin Agency has new CEO
Danny Robinson is taking over from Kristen Cavallo as CEO of The Martin Agency, parent Interpublic Group of Cos. announced Tuesday. Robinson has been chief creative officer of the Richmond-based ad agency since 2020. Cavallo has headed Martin for the past six years, and IPG named her global CEO of MullenLowe Group 14 months ago. […]
RTX subsidiary lands $154M Army contract
Raytheon, a subsidiary of Arlington County-based RTX, received a $154 million contract to deliver independent viewer systems to the U.S. Army, the Fortune 500 aerospace and defense contractor announced Wednesday. Under the contract, Raytheon, which, like its parent company, is also based in Arlington, will deliver Commander’s Independent Viewer (CIV) systems for the Army’s Bradley […]
5 SWVA projects recommended for $9.5M in federal grants
Five Southwest Virginia economic development projects have been recommended to receive a cumulative $9.35 million in federal Abandoned Mine Land Economic Revitalization (AMLER) grants, Virginia Gov. Glenn Youngkin and U.S. Rep. Morgan Griffith announced Thursday. The projects are on sites where coal was mined before 1977. Funding for the federal AMLER Program comes through the […]
Three Va. biz schools make top 50 in Poets&Quants rankings
Three Virginia business schools placed in the top 50 of 91 schools in Poets&Quants’ 2024 rankings of undergraduate business schools, released Monday. Poets&Quants for Undergrads, an online publication and forum dedicated to business schools, ranks schools by three categories: admissions standards, academic experience and career outcomes. Each category is evenly weighted, although metrics[...]
Cushman & Wakefield | Thalhimer promotes two SVPs
Two Cushman & Wakefield | Thalhimer commercial brokerage first vice presidents have been promoted, the Glen Allen-based real estate firm announced Friday. Wick Smith and Jenny Stoner are now senior vice presidents. Smith joined Thalhimer’s Virginia Beach office in July 2015 and specializes in retail sales and tenant representation. He works with operators of regional shopping […]
Amentum lands $946M Army contract
Chantilly-based federal contractor Amentum Services won a $946 million contract for maintenance of a U.S. Army aircraft fleet, the company announced Monday. Under the hybrid firm-fixed price contract, Amentum will complete system maintenance and modernization for the Army’s fixed-wing transport aircraft fleet, providing life-cycle services like sustainment and logistics for a combined fleet of 1[...]
Breeden Construction finishes $9.3M Crozet condos
Breeden Construction has completed a $9.3 million mixed-use condominium project in Crozet, the Richmond-based general contractor announced Tuesday. In December 2021, Breeden Construction started work on the Old Trail Village by clearing the 1-acre property in Albemarle County. The four-story, approximately 55,000-square-foot building has 31 condo units with balconies. The ground floor is 18,045 sq[...]
Virginia Beach Holiday Inn sells for $16.25M
A 307-room Holiday Inn in Virginia Beach sold for $16.25 million in mid-December 2023, according to city property records. The six-story Holiday Inn Virginia Beach – Norfolk, located at 5655 Greenwich Road, was built in 1981, property records show. It opened in 1982, according to a news release from commercial real estate firm CBRE, and […]
