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NoVa home prices increase, Hampton Roads sees inventory boost
Median home prices in Northern Virginia continue to increase, hitting $700,000 in August, an 11.6% percent increase over the previous year, according to the latest report from the Northern Virginia Association of Realtors. At the same time, year-over-year sales declined, decreasing 12.4% from August 2022, but month-over-month sales increased as the summer reaches its end. […]
Fed Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered [&hell[...]
Real Estate 2023: MARK J. HOURIGAN SR.
After stints with Westinghouse and Galloway, Mark Hourigan founded construction and development company Hourigan Group in 1993. The company has more than 200 employees, all based in Virginia. Notable Hourigan Group projects include the 17-story VCU Health Adult Outpatient Pavilion and the University of Richmond’s 8,700-seat Robins Stadium, as well as Apex Plaza, a mixed-use […]
Real Estate 2023: JON PETERSON
Founded in 1965 by Peterson’s late father, Milt, Peterson Cos. is responsible for some of the most prominent and successful mixed-use retail, residential and office developments in Northern Virginia and Maryland, including Fairfax Corner, Fair Lakes, National Harbor, Burke Centre and Tysons McLean Office Park. In 2021, the company branched out to self-storage, opening its […]
Real Estate 2023: LOUIS S. ‘LOU’ HADDAD
Haddad joined Armada Hoffler as an on-site construction superintendent in 1985. After several promotions, he was named president of Armada Hoffler Construction Co. in 1987, at age 29. In 1996, he was promoted to president of the parent company, and nearly 15 years after joining Armada Hoffler, he became the company’s CEO in 1999. He […]
Real Estate 2023: TERRIE L. SUIT
When Suit started her career, she worked for a builder, then became a Realtor and later a mortgage loan officer. Today, after serving as the state’s first secretary of Veterans Affairs and Homeland Security, as well as a Republican state delegate for eight years, Suit now leads Virginia’s largest trade association. She advocates for 38,000 […]
Real Estate 2023: LOUIS J. ROGERS
Since Rogers founded Capital Square in 2012, the real estate investment company has completed more than $7.5 billion in transaction volume and grew from handling mainly Delaware Statutory Trust 1031 Exchange offerings to launching a real estate investment trust and developing and operating multifamily properties across the nation. In September 2022, Rogers’ son-in-law, Whitson Huffman, […[...]
Living Legends 2023: PAUL C. SAVILLE
After nearly 17 years as president and CEO of the nation’s fourth largest homebuilder, Saville became executive chairman of NVR’s board in 2022. Saville began his tenure with the publicly traded company in 1981 when he joined Ryan Homes, which later became a subsidiary of NVR. The Reston-based Fortune 500 company reported $10.5 billion in […]
Real Estate 2023: ROBERT J. ‘BOB’ CLARK
Clark joined Baskervill, one of the state’s most prominent design firms, more than 25 years ago and was named president in 2004. A graduate of Virginia Military Institute who has an MBA from William & Mary, Clark started his career as a mechanical engineer at Newport News Shipbuilding and served as an Air Force officer […]
Real Estate 2023: ROBERT M. ‘BOB’ KING
King was named chairman of the commercial real estate company’s board in May after his adoptive father, Harvey L. Lindsay Jr., died on April 19 at age 93. Lindsay adopted King and his brother, Billy, after he married their mother, Frances. Their father, naval pilot Robert M. King Jr., died in a training flight accident […]
Real Estate 2023: DAN NOVACK
Novack was named president of the Dallas-based contracting and construction management company’s mid-Atlantic operation in January, but his career with Balfour started more than two decades ago. As mid-Atlantic president, he provides strategic oversight for Balfour Beatty’s construction projects in Washington, D.C., Maryland, Virginia and Pennsylvania, and works with teams to sustain market gr[...]
Real Estate 2023: DONALD E. STONE JR.
Stone, who has been Dewberry’s chief executive since 2010, oversees a $602.7 million engineering, architecture and construction firm with more than 60 offices nationwide. A 1980 civil engineering graduate of The Citadel, Stone was an Army second lieutenant, and after leaving the military in 1983, he joined the engineering firm O’Brien & Gere, serving in […]
