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Real Estate 2023: BOB MILKOVICH
Milkovich joined Rand, a privately owned, nationwide commercial general contractor specializing in retail and restaurant construction, tenant interiors and building renovations, in January 2019 as its CEO. He succeeded Linda Rabbitt, who founded the company more than three decades ago. Before that, Milkovich served as CEO of First Potomac Realty Trust, where he led the […]
Real Estate 2023: WILLIAM A. ‘BILL’ PAULETTE
In 1975, armed with $1,000 to invest, Paulette laid the foundation for what would eventually become KBS, a top-ranked mid-Atlantic construction firm. What started as a one-person company with an office in a sheet-metal shop has grown to a firm with 160-plus employees and offices in Richmond and Virginia Beach. KBS is known for projects […]
Real Estate 2023: DONALD D. GRAUL
With nearly 40 years of industry experience, Graul joined Branch in 2020 from Centreville-based Parsons Corp., where he was president of construction and a senior executive for alternative project delivery. He also worked previously for AECOM. Founded in 1963, Branch has 1,100 employees and reported $509 million in revenue for fiscal 2022. In August 2022, […]
Real Estate 2023: TIMOTHY A. FAULKNER
Named CEO of Breeden in January 2022, Faulkner oversees a real estate development and property management company founded more than 60 years ago by Chairman Ramon W. Breeden Jr. Faulkner previously served as chief operating officer and president of property management for Breeden, which has about 425 employees in Virginia. This year, the company’s Breeden […]
Real Estate 2023: RONALD J. LAUSTER JR.
Lauster joined W.M. Jordan in 1997 and became its president in 2018. He has managed notable projects such as the Ferguson Center for the Arts at Christopher Newport University and the restoration of the historic Cavalier Hotel in Virginia Beach. An Old Dominion University alumnus, Lauster also graduated Harvard Business School’s Advanced Management Program. In […]
Real Estate 2023: STEPHEN BALLARD
Ballard’s construction career goes back nearly 40 years. He has served as a project manager, superintendent, estimator, carpenter and laborer. Today, he oversees all construction operations and corporate functions for his company, including strategic planning, project management, estimating, business development, corporate communications, safety and quality. Ballard Construction served as ge[...]
2023 Virginia 500: Real Estate
Patrick Bain PRESIDENT AND CEO, THE LONG & FOSTER COS., CHANTILLY Stephen Ballard PRESIDENT AND CEO, S.B. BALLARD CONSTRUCTION, VIRGINIA BEACH Brendan Bechtel CHAIRMAN AND CEO, BECHTEL CORP., RESTON Brian F. Bortell PRESIDENT, CHAIRMAN AND CEO, TIMMONS GROUP, CHESTERFIELD COUNTY Gary Bowman FOUNDER, CEO AND CHAIRMAN, BOWMAN […]
$98M Richmond apartment building to break ground in Q3
A $98 million luxury apartment building, The Ace Apartments, will be the newest addition to Richmond’s Scott’s Addition neighborhood. The 1.7-acre project will have 295 luxury studio, one- and two-bedroom apartments that will average 753 square feet per unit, and 85% of the units will have balconies. The development’s plans also call for a 7,500-square-foot […]
Amazon begins HQ2 move-in
Amazon.com Inc. is moving more than 8,000 employees into the first phase of HQ2, its $2.5 billion East Coast headquarters in Arlington’s emerging National Landing area, this week. The e-tailer plans to officially open HQ2’s first phase, Metropolitan Park (Met Park), in June and to complete its move-in by the end of the summer. However, […]
Bowman acquires Maryland engineering firm
Reston-based Bowman Consulting Group Ltd. has acquired Rockville, Maryland-based Richter & Associates, a dry utility infrastructure engineering firm, the company announced Tuesday. Terms of the deal were not disclosed. Richter has 28 employees. The company works with private and public clients as well as utilities to design, develop and implement natural gas, electric and telecommunications [&[...]
Amazon delays HQ2 phase two
Amazon.com Inc. is delaying construction on the second phase of HQ2, its $2.5 billion East Coast headquarters in Arlington County. The news comes as Amazon plans to open HQ2’s first phase, Metropolitan Park, in June, and as the Fortune Global 500 tech company laid off a record 18,000 workers amid concerns over slowing revenues and a potential recession. […]
Va. labor market stayed strong in February
Virginia’s labor market remained strong in February, although growth is slowing, according to employment data from the Federal Reserve Bank of Richmond. Virginia had a net gain of 3,200 jobs in February. The Virginia state government employment was previously 12,000 jobs below the February 2020 level, but the state government nearly halved that deficit last […]
