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Recent Articles from Katherine Schulte
Economic growth to continue slowing, ODU experts say
The U.S. economy will continue to slow in the second half of 2022 and a recession is increasingly likely, according to the Old Dominion University’s Dragas Center for Economy Analysis and Policy’s mid-year economic forecast released Friday. Increases in inflation are expected to slow as well but harden, leaving costs elevated, report Robert McNab and […]
Gannett restructuring into two units
McLean-based Gannett Co. Inc. is restructuring to create two new U.S. business units, the nation’s largest newspaper publisher announced last week. The units will be Gannett Media and Digital Marketing Solutions (DMS). Maribel Perez Wadsworth, based in McLean, will lead Gannett Media, while Kris Barton, based in the Los Angeles area, will lead DMS. “This […]
McLean-based Appian opens office in Seville, Spain
Appian Corp. opened its first Technology Innovation Center in Seville, Spain, the McLean-based cloud computing firm announced last week. “Seville provides the ideal environment for Appian to establish its technology hub, grow our team and serve our regional customers and partners,” Víctor Ayllón, Appian’s vice president of automation, said in a statement. “The new Appian [...]
Raytheon moving global HQ to Arlington
Raytheon Technologies Corp. announced Tuesday that it will relocate its global headquarters from Massachusetts to Arlington in the third quarter of this year, a move that will see four of the top five U.S.-based aerospace and defense contractors headquartered in Virginia. Raytheon is the second-largest defense company in the world, just below Lockheed Martin, and […]
JMU hires first DEI VP
James Madison University has named Malika Carter its inaugural vice president of diversity, equity and inclusion and chief diversity officer, the university announced Monday. Carter will start Aug. 25. “This appointment is a great honor,” Carter said in a statement. “JMU is well positioned to become, in the field of inclusion, a lead institution that […]
Bowman Consulting Group acquires Fla. firm
Reston-based civil engineering company Bowman Consulting Group Ltd. has acquired Pensacola, Florida-based Fabre Engineering Inc., the company announced Monday. Bowman financed the acquisition with a combination of cash and seller financing but did not disclose the financial details. “Frank and the extended Fabre team have a long history in the Gulf Coast,” Bowman CEO Gary […]
ODU to create supply chain, logistics, maritime school
Old Dominion University will create a School of Supply Chain, Logistics, and Maritime Operations, pending approval from the State Council of Higher Education for Virginia, the university announced Friday. In its June meeting, the university Board of Visitors approved a resolution to create the school, effective Oct. 15. “Coordinating our academic and research initiatives through […]
Richmond office building sells for $4.9M
A 13,288-square-foot office building in Richmond sold for $4.9 million, One South Commercial announced Thursday. Located at 4015 Fitzhugh Ave., the two-story building was built in 1954. The architecture firm 3North leases the building, which used to serve as the Boy Scouts of America headquarters. VA Wood Properties LLC bought the property from 1501WW LLC. […]
Mixed-use Richmond building sells for $5.7M
A mixed-use building in Richmond sold for almost $5.73 million, Cushman & Wakefield | Thalhimer‘s Capital Markets Group announced Tuesday. Located at 1508 through 1510 W. Broad St., the 1510 Lofts has 10,600 square feet of retail and 17 one- and two-bedroom apartments that are 100% leased. Foot Locker leases 44% of the ground floor. […]
Henrico office, warehouse building sells for $12.4M
A flexible property with warehouse and lab buildouts in Henrico County sold for $12.4 million, Cushman & Wakefield | Thalhimer‘s Capital Markets Group announced Tuesday. Located at 8040 Villa Park Drive in the Villa Park Business Park, Villa Park I is a 74,862-square-foot property. The property was 94% leased at the time of the sale, […]
