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Home>Katherine Schulte

Katherine Schulte

Recent Articles from Katherine Schulte

CIV, seen here on a M2 Bradley infantry fighting vehicle, is an electro-optical/infrared sight system. Photo courtesy RTX
Federal Contracting January 29, 2024

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 [&he[...]

An illustration of a planned layout for the 400-acre Data Center Ridge development in Wise County
Economic Development January 26, 2024

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 […]

The Rotunda at the University of Virginia.
Education January 22, 2024

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 met[...]

Wick Smith. Photo courtesy Cushman & Wakefield | Thalhimer
CRE_people January 19, 2024

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 […]

A C-12 Huron airplane assigned to Detachment 1, Company B, 1st Battalion, 228th Aviation Regiment, U.S. Army Reserve, Fort Novosel, Alabama, parked at Cairns Army Airfield Jan. 31, 2024. U.S. Army photo by Lt. Col. Andy Thaggard
Federal Contracting January 19, 2024

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 [...]

Old Trail Village in Crozet has 31 condo units. Photo courtesy Breeden Construction
Real Estate January 19, 2024

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[...]

The Holiday Inn Virginia Beach – Norfolk sold for $16.25 million. Photo courtesy CBRE.
Real Estate January 19, 2024

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 […]

Fifth District economy has moderate growth, Fed says
News January 18, 2024

Fed’s Fifth District economy sees mild expansion

Economic activity in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) expanded mildly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions[...]

Hotels/Tourism January 18, 2024

Developers put Fort Monroe marina redevelopment on indefinite hold

The redevelopment of Old Point Comfort Marina at Fort Monroe has been put on hold due to rising costs, with no timeline specified for when it could occur. Instead of negotiating a long-term development agreement, the Fort Monroe Authority (FMA) and Smithfield-based hospitality management company Pack Brothers Hospitality (PBH) are now discussing a revised management […]

Construction continues on Academic Building One of Virginia Tech's Innovation Campus. Photo by Franki Fitterer, courtesy Virginia Tech
Education January 16, 2024

Va. Tech Innovation Campus building opening delayed

The opening of the first academic building on Virginia Tech‘s Innovation Campus has been delayed to spring 2025, the university announced Thursday. Virginia Tech started construction on the first academic building of the $1 billion campus in Alexandria in September 2021 and had planned to open the $302 million building this August. The delay on […]

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Top Stories

Daly Field at Frank R. Campbell Stadium at Averett University. Photo courtesy Averett University

Averett plans $18.15M sale-leaseback of North Campus

Averett University, which is weathering a financial crisis, seeks bondholder approval of an $18.15M [...]

A woman wearing a blazer smiles at the camera

Virginia Chamber CEO resigns after 4 months

Cathie J. Vick has resigned as president and CEO of the Virginia Chamber of Commerce after only four[...]

TheBestReputation, the fifth highest ranking Virginia companhy on the INC. 500 list, announced its move to the Truist Bank Building in Williamsburg in February. Photo courtesy TheBestReputation

277 Virginia companies make 2025 Inc. 5000 list

277 Virginia companies made the 2025 Inc. 5000 list, led by Artemis ARC at No. 34.

Atlantic Park Surf to open Saturday

Atlantic Park Surf to open Saturday

Atlantic Park Surf, North America’s first Wavegarden Cove Surf Lagoon on the East Coast, is set to[...]

Default Alt Text

Judge voids massive Prince William Digital Gateway project

A group of Prince William County residents won a legal battle against the Prince William Digital Gat[...]

Boar’s Head to reopen plant despite sanitation concerns

Boar’s Head to reopen plant despite sanitation concerns

The Boar’s Head deli meat plant at the heart of last year’s deadly food poisoning outbr[...]

People

Peraton taps new chief growth officer

Peraton taps new chief growth officer

11/8/2025

Thalhimer taps new commercial property services leader

Thalhimer taps new commercial property services leader

5/8/2025

Dollar Tree promotes new chief legal officer

Dollar Tree promotes new chief legal officer

31/7/2025

Regions

Salem manufacturers plan expansions

Salem manufacturers plan expansions

Three advanced manufacturing operations with roots in Salem recently revealed plans to expand facili[...]

Port of Virginia nears finish of $450M dredging project

Port of Virginia nears finish of $450M dredging project

Seven years after the Port of Virginia launched a $450 million dredging project to become the deepes[...]

Trump coal policy changes could boost Southwest Virginia

Trump coal policy changes could boost Southwest Virginia

Southwest Virginia officials say President Donald Trump’s executive orders aimed at revitalizi[...]

Transco pipeline to expand for Virginia power demand

Transco pipeline to expand for Virginia power demand

In May, Tulsa, Oklahoma-based energy company Williams announced an expansion of its Transcontinental[...]


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