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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Hospitality | Tourism 2023: CHRISTOPHER J. NASSETTA
Virginia 500 August 30, 2023

Hospitality | Tourism 2023: CHRISTOPHER J. NASSETTA

Nassetta is the longtime president and CEO of one of the world’s largest hospitality companies. Hilton has a portfolio of 7,200 properties and 19 brands in 122 countries and territories, including high-end hotels Waldorf Astoria and Conrad and mid-level chains such as Doubletree by Hilton. Nassetta joined Hilton in 2007 after investment firm Blackstone acquired […]

Hospitality | Tourism 2023: CLYDE STACY
Virginia 500 August 30, 2023

Hospitality | Tourism 2023: CLYDE STACY

A former coal mining executive who headed Rapoca Energy, Stacy is a prominent developer and investor in his hometown of Bristol. He purchased the vacant Bristol Mall for $2.6 million in 2018 and partnered with longtime friend Jim McGlothlin, chairman of The United Co., to build Virginia’s first casino. The two friends were instrumental in changing state […]

Manufacturing 2023: HOWARD BROADFOOT
Virginia 500 August 30, 2023

Manufacturing 2023: HOWARD BROADFOOT

Broadfoot has been CEO of Electro-Mechanical since 2021, when he was promoted from chief operating officer upon the retirement of founder Russell Leonard. It’s been a busy couple of years since then. He shepherded the equipment electric manufacturer through its November 2021 acquisition by private equity fund Graycliff Partners for an undisclosed amount. He has […]

Law 2023: MONICA T. MONDAY
Virginia 500 August 30, 2023

Law 2023: MONICA T. MONDAY

On Jan. 1, Monday became chair of the Gentry Locke Executive Board, which the firm formed this year. She previously served as the firm’s managing partner for 10 years, and K. Brett Marston succeeded her as the firm’s managing partner. The William & Mary undergraduate and law school alumna also heads the firm’s appellate practice. […]

Real Estate 2023: BRENDAN BECHTEL
Virginia 500 August 30, 2023

Real Estate 2023: BRENDAN BECHTEL

Serving as CEO since 2016 and chairman since 2017, Bechtel is the fifth generation to lead his family-owned global engineering, construction and project management company. Ranked the nation’s second largest construction company by Engineering News-Record, Bechtel Corp. has completed more than 25,000 projects in 160 countries since its 1898 founding in San Francisco. The firm’s [&helli[...]

Real Estate 2023: GERALD S. DIVARIS
Virginia 500 August 30, 2023

Real Estate 2023: GERALD S. DIVARIS

Divaris co-founded Divaris Group in South Africa in 1974. Since 1981, the firm has been headquartered in Virginia. Divaris Real Estate, one of the companies under the Divaris Group umbrella, opened its first office in the United States in 1982 in Virginia. Along with its Virginia Beach headquarters, Divaris has offices in Newport News, Norfolk, […]

Real Estate 2023: FRANK ‘BUDDY’ GADAMS
Virginia 500 August 30, 2023

Real Estate 2023: FRANK ‘BUDDY’ GADAMS

Gadams and his firm are known for their commercial and residential projects, but he has also led community-based projects like the restoration of the Suffolk Center for Cultural Arts. Gadams founded Marathon in 2000. He is also one of the founders of the YPO (formerly Young Presidents’ Organization) Virginia Chapter. A Downtown Norfolk Council member, […]

Real Estate 2023: TIMOTHY HELMIG
Virginia 500 August 30, 2023

Real Estate 2023: TIMOTHY HELMIG

After joining Monday Properties in 2005, Helmig has led the company to capital investments of more than $16 billion, an expanded multifamily portfolio of 5,300 units, and executed transactions totaling more than 35 million square feet. Helmig’s brother-in-law, Anthony Westreich, founded Monday Properties and acquired a 2.5 million-square-foot Rosslyn portfolio of buildings in 2007, two [&hel[...]

News August 30, 2023

September 2023 Out and About

1.  Virginia Western Community College Associate Professor Jenifer Kurtz helped situate bee colonies into a new home on campus this spring. In July, VWCC announced it had become an affiliate of conservation program Bee Campus USA. Photo by Amy White.  2.  L to R: Frankie Holland, Bob Wilkin, Frank Garrett, Benita Jordan, Ginny Coleman, Ralph […]

Living Legends 2023: THE HON. ROGER L. GREGORY
Virginia 500 August 30, 2023

Living Legends 2023: THE HON. ROGER L. GREGORY

The son of tobacco factory workers, Gregory has spent his life blazing trails. He’s the first person in his family to graduate from high school. After graduating from Virginia State University and the University of Michigan Law School, he and future Gov. L. Douglas Wilder founded a Richmond law firm in 1982. Wilder became the […]

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Top Stories

An aerial view of the property Buc-ee's purchased in Stafford County to pave the way for a travel center. Image courtesy S.L. Nusbaum Realty Co.

Buc-ee’s purchases Stafford site for planned travel center

Buc-ee's has purchased more than 35 acres in Stafford County near Interstate 95's Exit 140, paving t[...]

The interior of a data center

Digital Realty to buy Alexandria VC firm founded by Warner

Digital Realty plans to acquire Alexandria venture capital firm Columbia Capital in a deal that coul[...]

Pictured in 2021, George Mason University President Gregory Washington. Photo courtesy George Mason University

GMU president’s contract extended through 2031

Washington's job appeared to be in jeopardy less than a year ago, as the Trump administration launch[...]

Gov. Abigail Spanberger signs a bill increasing Virginia's minimum wage to $15 per hour by 2028.

Virginia budget with data center tax moves to Spanberger’s desk

Virginia legislators passed a compromise biennial budget Monday that includes an electricity consump[...]

Part of CarMax Park as seen from Arthur Ashe Boulevard. Photo by Katherine Schulte

Thalhimer files response to Flying Squirrels owner’s defamation lawsuit 

Thalhimer Realty Partners denies defamation claims by Richmond Flying Squirrels owner Lou DiBella in[...]

Virgnia Sen. Louise Lucas (left) speaks with an attendee of a Chesterfield County data center town hall she hosted June 16, 2026, with Sen. Mamie Locke (right). Photo by Kate Andrews/Virginia Business

Data center discord continues to block Virginia budget agreement

Virginia senators continue push for tax break repeal on data centers, while governor and House back [...]

People

Jacco van Teeffelen. Photo courtesy The Omni Homestead Resort & Spa

Omni Homestead taps new managing director

23/6/2026

CACI International announced that David Young has joined the company as executive vice president and chief operating officer. Photo courtesy CACI

CACI appoints new COO

22/6/2026

Commonwealth President and CEO Ken Strickler. Photo courtesy Commonwealth

Commonwealth real estate firm selects longtime exec as new CEO

12/6/2026

Regions

More than $1 million in renovations are planned at The Inn at Wise. Photo courtesy The Inn at Wise

Inn at Wise gets new lease-purchase on life

MK4 Hotel owner Mike Patel signs a $3 million lease-purchase for the Inn at Wise, planning over $1 m[...]

L to R: Mark Heath, president and CEO of Martinsville-Henry County Economic Development Corp., and Henry County Administrator Dale Wagoner show off the Patriot Centre Industrial Park’s new shell building. Photo by Natalee Waters

Henry County partners with developer on shell building

Henry County partners with Marlboro Development Team to build a $10 million industrial shell buildin[...]

Portsmouth Economic Development Director Brian Donahue stands at the Crawford Bay site the city hopes to redevelop. Photo by Kristen Zeis

Portsmouth advances waterfront redevelopment plans

Portsmouth moves forward with selecting a developer for a mixed-use project on the 6-acre Crawford B[...]

Washington Dulles International Airport expects a record-breaking 30 million passengers in 2026. Photo courtesy Metropolitan Washington Airports Authority

Dulles ramps up airport expansion work

Washington Dulles International Airport plans to exceed 30 million passengers with the opening of Co[...]


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