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NoVa residents feel pressure to pay high rent, mortgages
A spring survey showed more than half of residents polled in the greater Washington, D.C., area are concerned with making rent or mortgage payments in 2023, highlighting the lack of affordable housing in the nation’s fourth largest metropolitan area. Fifty-two percent of D.C., Maryland and Virginia residents polled by Gallup and the nonprofit Greater Washington […]
Grant Thornton taps new D.C. market managing principal
William “Bill” Marx Jr. is Grant Thornton’s new market managing principal for the Washington, D.C., area, the Chicago-based U.S. arm of the global accounting firm network announced Wednesday. Marx succeeds Greg Wallig, who was the company’s metro D.C.-Arlington County market managing principal and added the role of public policy head in June 2023. Wallig left […]
KPMG names D.C. area managing partner
Patrick Ryan has been named managing partner of Big Four accounting firm KPMG’s Washington, D.C.-area office, the company announced Thursday. In the role, Ryan will oversee more than 3,000 employees and also will be the firm’s U.S. federal business leader and sector leader. He succeeds Tim Gillis, who is retiring Sept. 30 after 26 years […]
Virginia’s fundamentals remain strong after unsuccessful arena competition
As Virginia celebrates Economic Development Week, there is no better time to recognize that when it comes to success in economic development, fundamentals matter most. Incentives, public sector support, personal connections and various intangibles — like, say, letting a CEO pick his favorite Grateful Dead concert to play during a recruitment dinner — can undoubtedly […]
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Under new management
Washington Commanders fans did everything but sing “Ding-Dong! The Witch Is Dead” during the team’s Sept. 10 season opening game. It felt like a new day as the NFL team came away with a win against the Arizona Cardinals. FedEx Field was sold out, and the stands were packed with local fans instead of supporters […]
Transportation 2023: RANDY CLARKE
In July 2022, Clarke joined WMATA, the Washington, D.C., regional public transit system, which manages the Metro subway system and Metrobus. He took leadership of WMATA when it was struggling with lingering low ridership from the pandemic and the removal of 60% of its railcars due to a wheel defect. Things have picked up somewhat. […]
Finance | Insurance 2023: EVELYN LEE
Lee has worked in banking for more than 23 years, and she couldn’t be happier to have found her place overseeing the Greater Washington, D.C., region at Truist. “I wanted to be financially independent, and I wanted variety,” she says. “Every day is different, and I work with people I admire and learn from.” A […]
Real Estate 2023: KYLE SCHOPPMANN
Schoppmann oversees six offices in Virginia, Maryland and Washington, D.C., as well as the performance and strategic growth of business in the mid-Atlantic region for CBRE, a $30.8 billion commercial real estate giant with more than 115,000 employees. A graduate of Duke University and the University of Michigan, she has more than 20 years of […]
Real Estate 2023: MATTHEW ‘MATT’ GANNON
Gannon joined Colliers International in his role as executive managing director and D.C. market leader in 2019. He is responsible for the strategic direction and performance of Colliers offices in Washington, D.C., Northern Virginia and Maryland, totaling more than 50 real estate professionals. He had spent the previous five years at Paramount Group, leading leasing […]
Finance | Insurance 2023: FRANCISCO ‘FRANK’ CASTELLANOS
As Greater Washington market executive for Merrill, the wealth management arm of Bank of America, Francisco Castellanos leads the D.C. market’s nearly 150 financial advisers, overseeing some $31 billion in client assets. He was named to the position late last year, having previously been Merrill’s Greater Virginia market executive and for 18 months also serving […]
Transportation 2023: JOHN E. ‘JACK’ POTTER
Potter’s responsibilities include managing and operating Ronald Reagan Washington National and Washington Dulles International airports, the only two federally owned airports. He also oversees the Dulles Toll Road. Since taking on his role in 2011, Potter has focused on improving efficiency and technology at the airports. In July, the authority’s board approved a $16.4 million [&hellip[...]
Finance | Insurance 2023: LAWRENCE ‘LARRY’ DI RITA
Di Rita, who had already had an impressive 25-year career in the Navy and federal government, embarked on a second career as a banking executive when he joined Bank of America in 2006. He was named market president for Greater Washington, D.C., in 2019. From 2001 to 2006, Di Rita served as special assistant to […]
