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Home>Virginia Business

Virginia Business

Recent Articles from Virginia Business

Retail/Wholesale: POUL WEIHRAUCH
News August 29, 2022

Retail/Wholesale: WILLIAM D. ‘BILL’ NASH

For the fiscal year that ended in February, CarMax, the largest retailer of used autos nationally, had net earnings of $1.2 billion. The fourth quarter, however, did present some challenges, with total used vehicle unit sales in the retail business declining 5.2%.    “We believe several macro factors weighed on marketwide used car sales, including […]

Law: VICTOR CARDWELL
News August 29, 2022

Law: ROBERT M. ‘BOB’ TATA

A Hampton Roads native, Tata specializes in intellectual property litigation, including trade secrets, copyrights and patents, and 20 years ago, he won the state’s then-largest copyright award — $116 million — awarded by a jury over a home fire-escape ladder invented by a local businessman. He also has spent a great deal of time defending […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: W. TAYLOR FRANKLIN

Franklin started The Franklin Johnston Group, a development, investment and management firm, with his father and two other former S.L. Nusbaum employees in 2013. Today they have 497 employees in Virginia and 76 workers in six other states. In recent news, the company offered $7 million to buy the Laskin Road Annex building in Virginia […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: LOUIS S. ‘LOU’ HADDAD

Haddad was recruited to Armada Hoffler in 1985 as an on-site construction superintendent. He rose through the ranks and became president of Armada Hoffler Construction Co. in 1987. He was promoted to president of parent company Armada Hoffler Holding Co. in 1996. Three years later, he became CEO. In 2013, Haddad led Armada Hoffler’s initial […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: JOHN R. LAWSON II

A Newport News native, Lawson has been with construction firm W.M. Jordan for more than 45 years. Lawson’s late father co-founded the company, which reaped more than $649 million in revenue for 2020. He started there in 1975 as a field engineer after graduating from Virginia Tech and took over as president and CEO in […]

Real Estate: KIM ROY
Virginia 500 August 29, 2022

Real Estate: MILES LEON

A University of Georgia and University of Miami graduate, Leon co-founded First Commercial Real Estate Services, which was purchased in the early 1990s by S.L. Nusbaum — a realty company founded in 1906. When the late Alan B. Nusbaum, great-grandson of the founder, became the company’s chairman in 1991, Leon was named president. He continues in […]

News August 29, 2022

Virginia 500 2022 SPOTLIGHT

2022 Virginia 500: Manufacturing
Virginia 500 August 29, 2022

Economic Development: NANCY L. GRDEN

In June, Grden became the leader of this regional economic development organization, stepping into the shoes of Jim Spore, who retired after six years. Grden’s name is familiar to Hampton Roads residents, as she was previously executive director of the Hampton Roads Maritime Collaborative for Growth & Innovation, as well as associate vice president of […]

Living Legends: THOMAS R. FRANTZ
News August 29, 2022

Living Legends: THOMAS R. FRANTZ

Former Williams Mullen President and CEO Frantz’s legal acumen has earned consistent accolades from peers. He is among a small group of attorneys who have made Virginia Business’ Legal Elite list for 22 consecutive years. Frantz is a triple graduate of William & Mary, from which he received his law degree, as well as a […]

Fitzsimmons
News August 29, 2022

Education: TRACY FITZSIMMONS

Fitzsimmons is the first woman president in Shenandoah University’s nearly 150-year history. Since 2008, she has led the private, liberal-arts university, which she joined in 2001 as dean of arts and sciences. Noting that it is unusual to hold multiple administrative positions at one university, Fitzsimmons said in an interview with Virginia Business this year […]

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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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