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Recent Articles from Rich Griset
Short Pump Hilton enters receivership
The Hilton Richmond Hotel and Spa in Short Pump has entered receivership after its owner, Shamin Hotels, fell behind on loan payments, according to documents filed in Henrico County Circuit Court. In an order dated Jan. 21, Fairfax-based based Crescent Hotel Management Services LLC was named special receiver for the Short Pump Hilton, which was […]
Seven Va. exporters graduate from VALET program
Gov. Ralph Northam announced on Friday the list of the latest seven companies to graduate from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program. More than 300 companies have now graduated from the a two-year international business acceleration program that assists participating Virginia exporters with international sales plan development[...]
BAE Systems awarded additional $184M for Marines amphibious vehicle
Arlington-based defense contractor BAE Systems has received a $184 million order from the U.S. Marine Corps for more Amphibious Combat Vehicles (ACV) under a contract option. In December, BAE Systems received approval to begin full-rate production of ACVs and received a $184 million contract modification to produce an initial 36 vehicles for the service branch’s […]
Hourigan names new health care division director
Richmond-based commercial construction and development company Hourigan announced Friday that it has named Brian Brown as director of its health care division. Brown brings more than 26 years of experience to the role, including 16 years at Hourigan. At Hourigan, Brown has been instrumental in delivering projects ranging from medical office buildings and critical care […]
Leidos CEO elected to engineering academy
Reston-based Leidos Holdings Inc. announced Friday that Roger A. Krone, its chairman and CEO, has been elected to the National Academy of Engineering, one of the highest professional distinctions in the field of engineering. Krone was elected to the academy for his technical leadership in industry engineering and advances in aerospace and information technology programs. […]
Developers see green with state’s first ecodistrict
The rooftop of a former office building might not appear to be the ideal location to harvest tomatoes, corn and squash, but that may be the fate of Best Products’ former headquarters. From the ashes of the failed $1.5 billion Navy Hill project that sought to redevelop Richmond’s downtown, a similar arena-anchored project called GreenCity […]
By land, air and sea
Marine biologists at the Virginia Seafood Agricultural Research and Extension Center in Hampton enjoy getting up close and personal with the sea and the life it fosters. Lately though, they’ve gotten a little too close. Two to three times a year — usually because of a hurricane or nor’easter — the Virginia Tech research facility […]
$125M pharma manufacturing plant coming to Petersburg
Utah-based pharmaceutical manufacturer Civica Inc. plans to invest $124.5 million to establish its North American manufacturing headquarters operation in Petersburg, creating 186 jobs and manufacturing injectable medicines for the treatment of COVID-19, the governor’s office announced Thursday. A nonprofit generic drug company, Civica was established in 2018 by a group of U.S. health systems[...]
New Hampton Roads bank raises $20M
Integrity Bank for Business, a new bank forming in Virginia Beach, has received signed subscription agreements for stock purchases totaling $20.285 million, it announced Tuesday. By Jan. 15, Integrity had received subscription agreements of $19.935 million by the closing date of the first phase of its stock offering; additional agreements of $350,000 were pending on […]
Preferred Systems Solutions names new CEO
Reston-based federal contractor Preferred Systems Solutions has promoted Babs Doherty to be its president and CEO. Doherty led Eagle Ray Technologies Group for 18 years as its president and CEO before joining PSS in March 2020 through its acquisition of Eagle Ray, an information technology management company that she established. Formerly a senior vice president […]
