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Real Estate 2023: JON JENNINGS

The third generation to lead the general contracting firm started as a masonry firm in 1952 by his grandfather, bricklayer Lawrence Floyd Jennings, Jon Jennings oversees about 350 employees and a large portfolio of projects in the Richmond and Washington, D.C., regions.

Larry Jennings, L.F.’s son and Jon’s father, joined the company in 1965 and helped expand the business into general contracting. In the 1980s, the company made another business shift, building a backlog of large-scale private projects for commercial developers.

The firm now serves the mid-Atlantic region, with offices in Falls Church and Richmond, and counts among its clients Target, Whole Foods Market, Federal Realty and Trammell Crow. Its projects include retail properties in Western Henrico County, the adaptive reuse of Carytown Place in Richmond, and offices for First Potomac Realty Trust, Willco, Kastle Systems and Peterson Cos.

Real Estate 2023: ROBERT C. ‘BOB’ KETTLER

Coming from a long line of real estate developers, Kettler got his start in real estate in 1974, remodeling apartments while still a student at George Washington University. He left school to focus on work. Discovering a passion for community development, he founded real estate development company Kettler in 1977.

Founded in 1977, his company has developed more than 30,000 multifamily units, 10 million square feet of commercial space and more than 75,000 homes in 40 master-planned communities, as well as numerous mixed-use communities in the Washington, D.C., area.

While Kettler was still in his early 20s, Fairfax developer John “Til” Hazel Jr. advised him to buy up as much land in the county as he could — advice Kettler took seriously. His first big development was Sully Station in Centreville, a 3,000-home community. Over the years, Kettler has been involved with developing major Northern Virginia projects like Tysons Corner Center, The Boro and One Loudoun, as well as some developments in North Carolina.

Kettler entered the Tampa, Florida, market this year with the March groundbreaking of Gas Worx, a 50-acre mixed-use development in the Ybor City neighborhood.

Real Estate 2023: CHRIS WILLIAMS

A 25-year Dollar Tree veteran, Williams serves as senior vice president for the Fortune 500 discount retailer’s real estate portfolio, a position in which he leads Summit Pointe Realty, the entity developing Summit Pointe.

A downtown Chesapeake district being built around Dollar Tree’s 12-story corporate headquarters, Summit Pointe includes three apartment communities, restaurants, offices and public park space. Ultimately, it’s expected to encompass 1.75 million square feet of office and retail space and more than 1,400 apartments. In July, Venture X, a global coworking franchise, announced it is leasing 18,543 square feet in the 555 Belaire office tower in Summit Pointe.

Dollar Tree formed the Summit Pointe Realty subsidiary in 2015 after its $8.5 billion acquisition of North Carolina-based Family Dollar Stores.

Williams joined Dollar Tree in 1998 as vice president of portfolio management, a post he held until 2019 when he was promoted to senior vice president. He began his career as an accountant for KPMG in Norfolk after earning his bachelor’s degree in accounting from Old Dominion University.

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 the Staples Center, and founded the sports architecture division at Ellerbe Becket.

Hallmark was set to be lead developer for Capital City Partners’ Navy Hill project in downtown Richmond, which would have replaced the shuttered Richmond Coliseum. The $1.4 billion plan was ultimately voted down by City Council in early 2020. Hallmark and his business partner, Susan Eastridge, were also part of the team that proposed a second project downtown in 2021 — a new tower anchored by VCU Health System offices — but that, too, won’t be happening. VCU Health backed out of the deal earlier this year, paying $73 million to a third party to fulfill a bond debt.

Hallmark founded NBBJ Sports and Entertainment in 1995 and built retractable roof ballparks Safeco Field in Seattle and Miller Park in Milwaukee.

Real Estate 2023: DONNA MacMILLAN-WHITAKER

As the development partner to fashion and music superstar Pharrell Williams, MacMillan-Whitaker has achieved a significant level of prominence in Hampton Roads, but she’s no flash in the pan.

MacMillan-Whitaker has worked in the commercial retail industry since 1985, representing national retailers throughout the mid-Atlantic region. She also founded Commercial Real Estate Services, which merged with Ellis-Gibson Development Group in 2016 to form Venture Realty. The company has developed more than 6 million square feet of commercial projects in Hampton Roads, worth more than $600 million.

Currently, Venture Realty is partnering with Williams, who’s a Virginia Beach native, on Atlantic Park, a $335 million surf park development that broke ground in March at the city’s Oceanfront. Atlantic Park’s first phase is expected to open in summer 2025.

MacMillan-Whitaker helped organize Williams’ initial Something in the Water festival in 2019 in Virginia Beach. Venture is also partnering with Williams and California-based Oak View Group on a proposal to redevelop the former Military Circle Mall site in Norfolk into Wellness Circle, an arena-anchored mixed-use development. The project’s future remained uncertain as of early August, waiting on action from Norfolk city government.

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 portfolio includes massive infrastructure and industrial projects across the world. In November 2022, Bechtel Corp. was selected to design and build the first phase of Intel’s $20 billion semiconductor manufacturing facility near Columbus, Ohio. Other notable projects include the Ankara-Gerede highway in Turkey and Crossrail’s Elizabeth Line railway in England.

Brendan Bechtel, a Middlebury College and Stanford University graduate with business and engineering degrees, previously served as the company’s president and chief operating officer and was elected chairman at age 36. He sits on the board for the Business Roundtable and chairs its infrastructure committee. He is also a trustee for the National Geographic Society and the Center for Strategic and International Studies.

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, Marathon focuses on the historic restoration of landmark buildings. Notable projects the firm has repurposed into apartments in Norfolk include The Rockefeller (formerly the Union Mission building), Icon Norfolk (formerly the Bank of America building) and Savoy Apartments (formerly the Hotel Savoy).

An investor and member of the board of directors for ReAlta Life Sciences, a clinical-stage biotech company, Gadams also serves on boards for the Benedictine Schools of Richmond and the Slover Library Foundation. He volunteers for Saint Patrick Catholic School.

Gadams is a marathon runner who has competed in more than 25 races, including a 150-mile ultramarathon through the Sahara Desert. He holds a bachelor’s degree in finance from James Madison University.

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 investment trust’s $1.4 billion sale to Government Properties Income Trust in 2017. He has worked more than 30 years in commercial real estate and was also president of Spaulding & Slye Investments and a regional director for Goldman Sachs.

Rand is one of the Washington, D.C., region’s largest general contractors and specializes in retail and restaurant construction, tenant interiors and building renovations. Among its biggest projects are the interior of Marriott International’s 785,000-square-foot headquarters in Bethesda, Maryland, and Noblis’ headquarters in Reston. Headquartered in Alexandria, it also manages regional offices in Atlanta; Dallas; Houston; Austin, Texas; Denver; and Salt Lake City. Its sales total more than $400 million annually.

Milkovich received a bachelor’s degree in business from the University of Maryland, which he attended on a football scholarship.

Real Estate 2023: CARL L. HARDEE

Lawson’s president and CEO since 2016, Hardee has been with the company for more than half of its 51 years. He oversees a 190-employee real estate development, construction and management company.

In June, Lawson held a grand opening for Market Heights, a 164-unit apartment community in Norfolk, and the company is near completion of 80 units at Miller’s Rest Apartments in Lynchburg. It also has large residential projects under development in Woodbridge, Roanoke and Richmond.

A Gulf War Army veteran, Hardee graduated from Virginia Military Institute in 1987. He serves on TowneBank’s Portsmouth board, as well as Southeast Virginia Community Foundation’s board and Virginia Housing’s Rental Advisory Board.

WHAT I’VE LEARNED: Life is more about giving than receiving. We are where we are in life because people in our past believed in us and gave us an opportunity — it is our responsibility to prepare the future generations to lead.

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 CONSULTING GROUP, RESTON

 

 


Eugene J. Bredow

PRESIDENT AND CEO, NVR, RESTON

 

 


Lisa Chandler

PRESIDENT AND PRINCIPAL BROKER, BERKSHIRE HATHAWAY HOMESERVICES RW TOWNE REALTY PROPERTY MANAGEMENT, NORFOLK

 

 


Robert J. “Bob” Clark

PRESIDENT, BASKERVILL, RICHMOND

 

 


George B. Clarke IV

FOUNDER, OWNER AND PRESIDENT, MEB, CHESAPEAKE

 

 


Mike Culpepper
Mike Culpepper

Michael A. “Mike” Culpepper

MANAGING PARTNER, VENTURE REALTY GROUP, VIRGINIA BEACH

 

 

 

 


Gerald S. Divaris

CHAIRMAN AND CEO, DIVARIS GROUP, VIRGINIA BEACH

 

 


Mark David Ein

EXECUTIVE CHAIRMAN, KASTLE SYSTEMS, FALLS CHURCH

 

 


Timothy A. Faulkner

PRESIDENT AND CEO, THE BREEDEN CO., VIRGINIA BEACH

 

 


Tony Fiorillo

PRESIDENT AND CEO, ECS GROUP OF COS., CHANTILLY

 

 


Julian G. Francis

PRESIDENT AND CEO, BEACON ROOFING SUPPLY, HERNDON

 

 


W. Taylor Franklin

CEO, THE FRANKLIN JOHNSTON GROUP, VIRGINIA BEACH

 

 


Frank “Buddy” Gadams

FOUNDER AND PRESIDENT, MARATHON DEVELOPMENT GROUP, NORFOLK

 

 


Matthew “Matt” Gannon

MANAGING DIRECTOR AND MARKET LEADER, D.C. REGION, COLLIERS INTERNATIONAL GROUP, WASHINGTON, D.C.

 

 


Donald D. Graul

CEO, THE BRANCH GROUP, ROANOKE

 

 


Louis S. “Lou” Haddad

PRESIDENT AND CEO, ARMADA HOFFLER PROPERTIES, VIRGINIA BEACH

 

 


Michael Hallmark

PRINCIPAL, FUTURE CITIES, RICHMOND

 

 


Carl L. Hardee

PRESIDENT AND CEO, LAWSON COS., NORFOLK

 

 


Timothy Helmig

MANAGING PARTNER, MONDAY PROPERTIES, ARLINGTON COUNTY

 

 


Brett Hitt

CO-CHAIRMAN, HITT CONTRACTING, FALLS CHURCH

 

 


Mark J. Hourigan Sr. 

FOUNDER AND CEO, HOURIGAN GROUP, RICHMOND

 

 


Jeffrey M. Hyder

PRESIDENT/CEO, MOSELEY ARCHITECTS, RICHMOND

 

 


Jon Jennings

PRESIDENT, L.F. JENNINGS, FALLS CHURCH

 

 


Robb “R.J.” Johnson

EXECUTIVE MANAGING DIRECTOR, BROKERAGE, AND MANAGER, MID-ATLANTIC REGION, JLL, TYSONS

 

 


Robert C. “Bob” Kettler

FOUNDER AND CEO, KETTLER INC., McLEAN

 

 


Robert M. “Bob” King

CHAIRMAN AND PRESIDENT, HARVEY LINDSAY COMMERCIAL REAL ESTATE, NORFOLK

 

 


Laura D. Lafayette

CEO, RICHMOND ASSOCIATION OF REALTORS; CEO, CENTRAL VIRGINIA REGIONAL MULTIPLE LISTING SERVICE, RICHMOND

 

 


Ronald J. Lauster Jr.

PRESIDENT, W.M. JORDAN, NEWPORT NEWS

 

 


Steve Lawson

CHAIRMAN, LAWSON COS., NORFOLK

 

 


Miles Leon

PRESIDENT, CHAIRMAN AND CEO, S.L. NUSBAUM REALTY, NORFOLK

 

 


T. Richard Litton Jr.

HARBOR GROUP INTERNATIONAL, PRESIDENT, NORFOLK

 

 


Mark C. Lowham

CEO AND MANAGING PARTNER, TTR SOTHEBY’S INTERNATIONAL REALTY, McLEAN

 

 


Donna MacMillan-Whitaker

FOUNDER AND MANAGING PARTNER, VENTURE REALTY GROUP, VIRGINIA BEACH

 

 


Matt Malone

CEO AND FOUNDER, GROUNDWORKS, VIRGINIA BEACH

 

 


Ryan T. McLaughlin

CEO, NORTHERN VIRGINIA ASSOCIATION OF REALTORS, FAIRFAX COUNTY

 

 


Bob Milkovich

CEO, RAND CONSTRUCTION, ALEXANDRIA

 

 


Christopher Molivadas

MARKET DIRECTOR, MID-ATLANTIC REGION, JLL, WASHINGTON, D.C.

 

 


Dan Novack

MID-ATLANTIC PRESIDENT, BALFOUR BEATTY, ANNANDALE

 

 


William A. “Bill” Paulette

CHAIRMAN, KBS, RICHMOND

 

 


Peterson

Jon Peterson

CEO AND CHAIRMAN OF THE EXECUTIVE COMMITTEE, PETERSON COS., FAIRFAX COUNTY

 

 


Maggie Reed

VICE PRESIDENT AND RICHMOND BUSINESS UNIT LEADER, GILBANE BUILDING, RICHMOND

 

 


Louis J. Rogers

FOUNDER AND CO-CEO, CAPITAL SQUARE, GLEN ALLEN

 

 


Kim Roy

CEO, HITT CONTRACTING, FALLS CHURCH

 

 


Benjamin Schall

PRESIDENT AND CEO, AVALONBAY COMMUNITIES, ARLINGTON COUNTY

 

 


Kyle Schoppmann

PRESIDENT, MID-ATLANTIC REGION, CBRE GROUP, WASHINGTON, D.C.

 

 

 


Donald E. Stone Jr.

CEO, DEWBERRY, FAIRFAX COUNTY

 

 


Terrie L. Suit

CEO, VIRGINIA REALTORS, GLEN ALLEN

 

 


Derrick Swaak

PARTNER/CO-CHIEF OPERATING OFFICER; TTR SOTHEBY’S INTERNATIONAL REALTY, McLEAN

 

 


Jackie Thiel

PRESIDENT, LONG & FOSTER REAL ESTATE, FAIRFAX

 

 


Jamie Thomas

EXECUTIVE MANAGING DIRECTOR AND BROKERAGE MARKET LEADER, COLLIERS VIRGINIA, RICHMOND

 

 


Albert G. “Beau” Van Metre Jr.

CHAIRMAN AND PARTNER, VAN METRE COS., THE PLAINS

 

 


C. Lee Warfield

CHAIRMAN, CEO AND PRESIDENT, CUSHMAN & WAKEFIELD | THALHIMER, RICHMOND

 

 


Allison Weinstein

CEO AND CO-PRESIDENT, WEINSTEIN PROPERTIES, RICHMOND

 

 


Chris Williams

SENIOR VICE PRESIDENT, DOLLAR TREE/SUMMIT POINTE REALTY, CHESAPEAKE

 

 


Barbara M. Wolcott

CEO, BERKSHIRE HATHAWAY HOMESERVICES RW TOWNE REALTY, CHESAPEAKE