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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Real Estate 2023: MICHAEL HALLMARK
Virginia 500 August 30, 2023

Real Estate 2023: MICHAEL HALLMARK

Hallmark is lead developer of the $2.3 billion GreenCity development underway in Henrico County that plans to include a 17,000-seat arena billed as the nation’s greenest concert venue, as well as hotels, retail, office and residential space. An architect, he moved to Virginia in 2018 from Los Angeles, where he designed the Crypto.com Arena, formerly […]

Real Estate 2023: JEFFREY M. HYDER
Virginia 500 August 30, 2023

Real Estate 2023: JEFFREY M. HYDER

In August, Hyder succeeded Stewart D. Roberson as president and CEO of the architecture firm; Roberson continues serving as the company’s chair. Hyder joined Moseley in 1993 after earning his bachelor’s degree from Virginia Tech’s School of Architecture. Over the past 30 years, Hyder has served as an architect, operations manager and leader of the […]

Real Estate 2023: MAGGIE REED
Virginia 500 August 30, 2023

Real Estate 2023: MAGGIE REED

Reed joined Gilbane in 2003, after graduating from Pennsylvania State University (Penn State), where she was a two-time All-American in women’s rugby. One of the construction company’s youngest vice presidents, she has managed over $1 billion in contracts during her career so far. A registered architect, Reed is responsible for driving sales and supervising more […]

Education 2023: ANNE M. KRESS
Virginia 500 August 30, 2023

Education 2023: ANNE M. KRESS

As president of Virginia’s largest community college — and one of the largest community colleges in the country — Kress oversees faculty, staff and nearly 70,000 internationally diverse students on six campuses near Washington, D.C., including NOVA’s Medical Education Campus in Springfield. In May, Gov. Glenn Youngkin visited the college’s Alexandria campus to announce a [&he[...]

Federal Contractors/Technology: Y. MICHELE KANG
Virginia 500 August 30, 2023

Federal Contractors | Technology 2023: Y. MICHELE KANG

Born in South Korea, Kang moved to the United States as a teen with her family, driven to succeed. She earned her bachelor’s degree from the University of Chicago and her master’s degree from the Yale School of Management. An entrepreneur who started companies and bought and invested in others, she has always been focused on […]

Media 2023: JIM VANDEHEI
Virginia 500 August 30, 2023

Media 2023: JIM VANDEHEI

VandeHei began his path to media entrepreneur as a reporter in the Washington, D.C., journalism trenches, first as a congressional and White House reporter for The Wall Street Journal from 2000 to 2003, and then for three years at The Washington Post, where he also covered Congress and the executive branch. He left the Post […]

Finance | Insurance 2023: STEPHAN Q. CASSADAY
Virginia 500 August 30, 2023

Finance | Insurance 2023: STEPHAN Q. CASSADAY

Cassaday, who has been advising investors for nearly 50 years, founded his eponymous independent advisory firm in 1993. Since then, his firm has grown from $40 million in assets under management to $4.7 billion, with 84 employees and 2,800 clients nationally. Cassaday & Co. has appeared on several “best places to work” lists, and Barron’s […]

Manufacturing 2023: JOHN PARKINSON
Virginia 500 August 30, 2023

Manufacturing 2023: JOHN PARKINSON

A subsidiary of Duroc AB, a Swedish manufacturer specializing in filament yarn and staple fiber, Drake Extrusion has been based in Henry County since 1996, with Parkinson as its CEO since 2001. Its staple fiber is used in various applications such as flooring, rugs, furniture, technical filters, car interiors and nonwoven fabrics. Drake has expanded […]

Transportation 2023: JOHN CUOMO
Virginia 500 August 30, 2023

Transportation 2023: JOHN CUOMO

In 2019, Cuomo took the helm of VSE, which provides aftermarket distribution and maintenance, repair and overhaul services for government and commercial customers in land, sea and air transportation. This year, VSE made some significant strategic moves, including acquiring Desser Aerospace’s distribution and maintenance, repair and operations sectors in July for $124 million. It also [&helli[...]

Real Estate 2023: MARK C. LOWHAM
Virginia 500 August 30, 2023

Real Estate 2023: MARK C. LOWHAM

Lowham has led the Washington, D.C.-region arm of the luxury real estate company since 2011. His office handled the record $48 million sale of the state’s most expensive home, Fairfax County estate River View, to former Washington Commanders owners Dan and Tanya Snyder in November 2021. (According to news reports, the couple has moved to […]

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Top Stories

Virginia Gov. Abigail Spanberger was sworn in as Virginia’s 75th governor, the first woman to hold the office, on Jan. 17, 2026. Photo by Kira Jenkins/Virginia Business

Spanberger sworn in as Virginia’s first woman governor

Under cloudy skies at the Virginia State Capitol, Abigail Davis Spanberger was sworn in as Virginia'[...]

The University of Virginia Rotunda. Photo by Jay Paul

3 U.Va. board members resign at Spanberger’s request

The New York Times reported Friday evening that three University of Virginia board members have resi[...]

An offshore wind turbine. A boat sits in the background.

Federal court grants Dominion injunction, allowing offshore wind construction to proceed

Dominion Energy won a preliminary injunction Friday in federal court, allowing construction to resum[...]

Depositphotos

Virginia luxury packaging provider plans $34M HQ expansion

Infinity Global plans a $34 million expansion of its Danville headquarters, creating 150 jobs and mo[...]

Photo courtesy CarMax

Fortune 500 retailer CarMax lays off 230 employees, many in Virginia

Goochland County-based Fortune 500 used car retailer CarMax has laid off approximately 230 employees[...]

Depositphotos

Solstice Advanced Materials to invest $220M in Chesterfield expansion

Solstice Advanced Materials plans to invest $220 million to expand production at its manufacturing f[...]

People

Dr. Ameya Kulkarni being named Kaiser's executive director.

Kaiser Permanente names mid-Atlantic medical director

15/1/2026

Dave Wajsgras is Everfox's new chairman and CEO. Photo courtesy Everfox

Former Intelsat CEO to head Herndon cybersecurity company

13/1/2026

Real Estate Information Network's new president John Chandler. Photo courtesy REIN

REIN announces 2026 board of directors

12/1/2026

Regions

Tourism bet pays off for Danville and Pittsylvania

In 2024, visitor spending across Danville and Pittsylvania County reached $275.2 million, according [...]

Shenandoah University President Tracy Fitzsimmons announced the Shine campaign on Sept. 13, 2025. Photo courtesy Shenandoah University

Shenandoah University launches $100M fundraising campaign

Shenandoah University has launched a $100 million fundraising campaign that aims to add a major new [...]

Developer Jerome Malinay spoke at the Sunny Valley subdivision groundbreaking. Photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Washington County workforce housing project launches

A residential subdivision composed largely of housing intended for the local workforce is coming to [...]

L to R: Virginia Peninsula Community College officials Bobby Perkins, Towuanna Porter Brannon, Steven Carpenter and Todd Estes at trades center groundbreaking Photo courtesy VPCC

Newport News trades center to power maritime workforce

Virginia Peninsula Community College is building a $9 million trades center in southeast Newport New[...]


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