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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: GEORGE B. CLARKE IV

Clarke founded MEB in 1982, the same year he graduated from Virginia Tech with a bachelor’s degree in civil engineering. MEB started as a small federal government contractor with a handful of employees, serving military installations across the Hampton Roads area. It now has about 250 employees and posted revenue of $179 million for fiscal […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: BENJAMIN W. SCHALL

With 3,000 employees, 600 of them in Virginia, AvalonBay Communities, a publicly traded real estate investment trust, recorded $2.3 billion in revenue for fiscal year 2021. Prior to becoming AvalonBay’s president in January 2021 and CEO this year, Schall served as CEO of Seritage Growth Properties and as chief operating officer of Rouse Properties Inc. At Rouse, he […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: LEE WARFIELD

Warfield, Thalhimer’s fourth CEO since the firm’s founding in 1913, has come a long way from his first job as a property manager. He joined the commercial real estate firm as an associate broker in 1995, representing national retailers such as Regal Entertainment, Walmart and Kroger before being promoted to president in 2011. He was appointed […]

Bank of America names new Hampton Roads president
Virginia 500 August 29, 2022

Finance/Insurance: FRANCISCO ‘FRANK’ CASTELLANOS

In September 2021, Castellanos became president of Bank of America Hampton Roads following the retirement of Charlie Henderson, who filled that position for 15 years. A native of Cuba, Castellanos is also Merrill Lynch Wealth Management’s top Virginia executive, and he previously worked in Bank of America’s policy office, where he focused on cyber and […]

Virginia 500 August 29, 2022

2022 Virginia 500: Telecommunications

VINCE APRUZZESE JR. PRESIDENT, AT&T VIRGINIA, RICHMOND     MATTHEW J. DESCH CEO, IRIDIUM COMMUNICATIONS INC., McLEAN     CHRISTOPHER FRENCH PRESIDENT AND CEO, SHENANDOAH TELECOMMUNICATIONS CO. (SHENTEL), EDINBURG     MAGGIE HALLBACH SENIOR VICE PRESIDENT, VERIZON PUBLIC SECTOR, ASHBURN     J.D. MYERS II SENIOR VICE PRESIDENT/REGION MANAGER OF VIRGINIA OP[...]

News August 29, 2022

Living Legends Past Honorees

Finance | Insurance
News August 29, 2022

Finance/Insurance: MICHAEL DeVITO

DeVito came aboard as head of Freddie Mac, the Federal Home Loan Mortgage Corp., a year ago, replacing CEO David Brickman, who left to run a newly formed commercial agency lending platform. A government-sponsored enterprise, Freddie Mac buys bundles of mortgages from banks and other lenders, freeing up cash so that those lenders can make […]

Finance | Insurance
News August 29, 2022

Finance/Insurance: PETE SNYDER

Snyder lost his bid to be the Republican candidate for governor in 2021, but it didn’t sour him on state politics. Snyder campaigned for Glenn Youngkin last year (he won) and in March, he endorsed state Sen. Bryce Reeves for the Republican primary for Virginia’s 7th Congressional District seat (he lost). While running for office, […]

Media: DOUG DAVIS
News August 29, 2022

Media: TIMOTHY O’SHAUGHNESSY

Under O’Shaughnessy’s leadership, Graham Holdings has made the Fortune 1000 list for the last three years. O’Shaughnessy replaced his father-in-law, Donald Graham, as the company’s president and CEO in 2015. O’Shaughnessy was at the company for a year before taking the top spot, working to seek “a new direction” for Graham Holdings after it sold […]

Transportation: ED ALDRIDGE
News August 29, 2022

Transportation: P. DALE BENNETT

Bennett, whose father was a trucker for two decades, started working at VTA as an assistant to the executive vice president in 1984. He’s led the nonprofit organization since 1989. VTA advocates for the state’s trucking fleets and industry vendors, which have been hard hit amid the pandemic by driver shortages, supply-chain woes and high […]

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Top Stories

ICE eyes massive Hanover warehouse for processing facility

ICE eyes massive Hanover warehouse for processing facility

ICE hopes to purchase a more than 552,000-square-foot warehouse in Hanover County and repurpose it i[...]

The logo and ticker for Capital One are displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 21, 2018. REUTERS/Brendan McDermid

Capital One to acquire Brex for $5.15B

McLean-based banking giant Capital One Financial announced Thursday it has entered an agreement to a[...]

Photo: Depositphotos.com

Henrico-based ASGN to acquire Quinnox for $290M

ASGN announced this week that it will acquire Chicago-based digital services company Quinnox for $29[...]

FILE PHOTO: Frankie, the mascot for Nathan's Famous hot dogs, excites the audience at the official weigh-in ceremony, ahead of the Coney Island's 2025 Nathan's Famous Fourth of July International Hot Dog Eating Contest in New York City, U.S., July 3, 2025. REUTERS/Angelina Katsanis/File Photo

Smithfield Foods plans to buy Nathan’s Famous in $450M deal

Smithfield Foods announced Wednesday it has entered a deal to purchase Nathan's Famous, the hot dog [...]

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

5 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[...]

People

Christen Smith has been named chief revenue officer of LMI. Photo courtesy LMI

LMI names new leaders following CEO change

20/1/2026

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

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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