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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 […]
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: 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 […]
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 […]
Real Estate 2023: BENJAMIN SCHALL
Before becoming CEO in 2022, Schall was AvalonBay’s president, joining the company just the year before. Previously, Schall was CEO of Seritage Growth Properties and chief operating officer of Rouse Properties. At Rouse, he oversaw the redevelopment and operations of a $2.5 billion portfolio of 35 regional malls across the country, totaling 25 million square […]
Henrico County, Markel|Eagle acquire land for GreenCity
Henrico County and an affiliate of Markel|Eagle Partners LLC came to an agreement Thursday to purchase the 110-acre Scott Farm property, which will be a key part of the $2.3 billion mixed-use GreenCity development, for $35.1 million. First proposed in December 2020, GreenCity plans to include what is billed as the nation’s greenest arena, with […]
Parking repeal gives developers space
Opening a small business is never easy, but for many Richmond entrepreneurs, the city’s previous minimum parking requirements added extra hassle. Two years ago, when restaurant Africanne on Main relocated from its longtime downtown location to a spot near Virginia Commonwealth University’s Monroe Park Campus, city parking regulations stalled the move for weeks, recalls co-owner […]
Developer rejuvenates Colonial Beach
Richmond developer Duke Dodson fondly remembers spending summer days as a child at Colonial Beach, a Northern Neck beach town bordering Maryland on the Potomac River. So, when the town listed 12 parcels of land for sale in 2020, he jumped at the opportunity. “My grandparents went to Colonial Beach back in the day to […]
Richmond riverfront amphitheater gets green light
Construction could begin this summer on a $30 million, 7,500-person amphitheater overlooking the James River. On June 12, Richmond City Council approved a 20-year performance grant that gives Red Light Ventures LLC the green light to build its proposed amphitheater on four acres of land it will rent from NewMarket Corp. behind the American Civil […]
Norfolk purchases struggling MacArthur Center
In early June, Norfolk City Council members approved plans for the city to purchase the struggling MacArthur Center downtown mall for up to $18 million. The 23-acre mall is owned by Wells Fargo & Co., which holds the mall following a loan default by MacArthur Center’s previous owner, Connecticut-based Starwood Property Trust. MacArthur Center was […]
Luxury RV park sets sights on Danville
Danville visitors could soon be setting up camp at the area’s first luxury RV park if City Council approves a special use permit for The Palace Resort, a project that could generate $1.3 million in annual city tax revenue. The matter was set to go before Danville City Council on June 20, following the planning […]
Riverdale project could be ‘transformative’
Partnering with the city of Roanoke, developer Ed Walker started redevelopment of 100 acres encompassing the sprawling, former campus of American Viscose, a rayon plant that closed in 1958. “This is a chance we have as a community to really do something transformative,” Roanoke Economic Development Director Marc Nelson says. Located in the city’s southeast […]
