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Recent Articles from Rich Griset
Norfolk’s MacArthur Center may meet the wrecking ball
Downtown Norfolk’s MacArthur Center, a 140-store mall that opened in 1999, may have a future date with a wrecking ball. According to a newsletter released March 2 by Norfolk’s economic development department, a complete teardown of the 1.1 million-square-foot structure is one of three possibilities envisioned for MacArthur Center’s future by the city, which does […]
Dominion joins initiative to create electric vehicle charging network
Dominion Energy Inc. and five other major utilities announced a plan Tuesday to create a network of charging stations for electric vehicles across major highway systems stretching from Washington, D.C., to Chicago to West Texas and the Florida Heartland. The newly announced Electric Highway Coalition — made up of American Electric Power, Dominion, Duke Energy […]
Capital Square names chief technology officer
Henrico County-based real estate investment company Capital Square announced Tuesday that Jeffrey Blount has been named the company’s chief technology officer. Prior to joining Capital Square, Blount served as virtual chief information officer at Glen Allen-based office IT services and equipment supplier Cobb Technologies. “Jeff, who built Capital Square’s technology systems from the ground [...]
Capital One taps new board members from Facebook, Nike
McLean-based Capital One Financial Corp. announced Tuesday the addition of two new members to its board of directors: Ime Archibong, head of new product experimentation at Facebook Inc., and Craig Williams, president of Jordan Brand at Nike Inc. Archibong and Williams have been appointed to fill two new seats on the board, and will stand […]
Atlantic Diving Supply awarded $100M federal contract
Virginia Beach-based equipment vendor Atlantic Diving Supply (ADS) been awarded a five-year, $100 million contract from the Defense Logistics Agency (DLA) to deliver patient monitoring technology, associated accessories and training support to military and federal civilian customers. DLA selected ADS from 54 bids the agency received for the firm-fixed-price, indefinite-delivery/indefinite-quantity[...]
Kansas engineering firm acquires Va. Beach geotech company
On Tuesday, Kansas-based consulting engineering firm Terracon Consultants Inc. announced that it had purchased GET Solutions Inc. for an undisclosed amount. GET is a geotechnical, environmental and materials testing firm serving public- and private-sector clients throughout the mid-Atlantic. In addition to its Virginia Beach headquarters, GET has another Virginia office in Williamsburg and North C[...]
Alexandria-based VSE Corp. buys biz unit from N.C. company
Alexandria distribution and maintenance provider VSE Corp. has purchased North Carolina-based HAECO Americas’ special services business, which provides maintenance, repair and overhaul support for government and military aircraft platforms The financial terms of the deal were not disclosed. HAECO Special Services helps maintain the U.S. Air Force’s KC-10 aircraft as a subcontractor under a[...]
ManTech names chief growth officer
Herndon-based technology contractor ManTech International Corp. announced Monday that it has recruited Joseph Cubba, formerly senior partner and vice president for defense and intelligence at IBM Corp., as its chief growth officer. Cubba will report directly to Matt Tait, ManTech’s chief operating officer, and will be responsible for strategic growth efforts across the federal civilian, [&hellip[...]
SW Va. aims to attract data centers via regional tax pact
As part of an effort to entice data centers to locate in the region, Southwest Virginia leaders announced Tuesday a joint agreement to set what will be Virginia’s lowest regional property tax rate on data center equipment. The localities comprising the Lonesome Pine Regional Industrial Facilities Authority — Dickenson, Lee, Scott and Wise counties and […]
Roanoke Valley office occupancy increases by 1%
The Roanoke Valley office market saw a 1% increase in office occupancy in 2020, ending the year with an 88% occupancy rate, according to Poe & Cronk Real Estate Group’s 34th Annual Office Market Survey. These figures are a promising sign “in one of the most challenging years in recent memory,” Poe & Cronk states, […]
