McLean based indoor snow sportsresort developer Alpine-X LLC has named Olympic alpine ski racer Bode Miller its chief innovation officer, the company announced Wednesday.
Miller, who has won six Olympic medals, owns consulting and professional services group M BAR W Enterprises LLC with Andy Wirth.
“Alpine-X is advancing a creative, visionary and inclusive approach to indoor snow sports, and I’m proud to have the opportunity to work with this world-class team,” Miller said in a statement. “Alpine-X will be a leader in welcoming many new people into the sport that has meant so much to me and millions of others. I’m excited to join with their management team to execute Alpine-X’s vision for indoor snow sports resorts for the entire community.”
Bringing more than 30 years of experience working with the ski resort and private equity sectors, Wirth will be a strategic adviser to Alpine-X. He was CEO of Neom Mountain Region in Saudi Arabia and worked with KSL Capital Partners as CEO of Squaw Valley Ski Holdings, the parent company of Squaw Valley and Alpine Meadow Resorts.
“Andy’s global experience in the resort industry and private equity space will complement every aspect of what we are seeking to achieve with Alpine-X,” Alpine-X CEO John Emery said in a statement.
Dr. Philip Perconti will lead corporate research and development strategy, accelerate innovation and expand partnerships that result in integrated technology solutions yielding enhanced warfighting capabilities.
Perconti most recently served as the Army chief scientist and deputy assistant secretary of the U.S. Army for research and technology, with oversight for the Army’s science and technology program, spanning 17 laboratories and engineering centers with nearly 12,000 scientists and engineers. He has more than 30 years of experience conducting research, managing and leading science and technology programs for the Army.
“We are excited to have Dr. Perconti as our new chief technology officer, said Bill Lynn, CEO of Leonardo DRS, in a statement. “He brings a deep understanding of future technological trends that will help Leonardo DRS fill gaps in its portfolio and develop next-generation systems and capabilities for its customers.”
Perconti has also served as director of the U.S. Army research laboratory, the Army’s corporate laboratory.
In a previous position, Dr. Perconti served as director of the U.S. Army Research Laboratory (ARL), the Army’s corporate laboratory. He has also led many of the Army’s basic research programs in artificial intelligence, the quantum information science program and many of the Army’s applied research programs.
Leonardo DRS, formerly DRS Technologies Inc., produces electronic defense systems in three divisions: advanced sensor technologies, network computing and communications, and integrated missions systems. The contractor earns about $2 billion in annual revenue and considered going public earlier this year, but its parent company pushed pause on the IPO in March.
Virginia Tech Innovation Campus Vice President and Executive Director Lance Collins was appointed to the Society for ScienceBoard of Trustees, the university announced Tuesday.
A nonprofit organization that promotes science, expanding scientific literacy and effective STEM education and scientific research, the Society for Science is a promotes the understanding and appreciation of science and the vital role it plays in human advancement.
Collins was appointed on Nov. 18.
“I plan to dedicate my time to increasing access to the society for girls and underrepresented minority students, who historically have not participated in STEM at the levels they could if given the opportunity,” Collins said in a statement.
The former Joseph Silbert Dean of Engineering at Cornell University was named as head of Tech’s Innovation Campus in February 2020. Earlier this year, Collins was elected to the National Academy of Engineering for 2021.
Construction on the Innovation Campus, located in Alexandria in close proximity to Amazon.com Inc.’s $2.5 billion HQ2 East Coast headquarters, will take approximately 10 years to complete. It will enroll up to 750 master’s candidates and hundreds of doctoral students and postdoctoral fellows. The campus’s first academic building in Alexandria will open in 2024 and has set a goal to be the most diverse graduate tech program in the country.
Virginia Beach-based DroneUp LLC is making moves at the end of the year, with a new partnership with Walmart Inc. and the acquisition of Santa Monica, California-based AirMap Inc., a company specializing in air traffic management software for drones.
DroneUp and Walmart will have the first multisite commercial drone delivery operations, or hubs, in northwest Arkansas, according to a news release from DroneUp.
A Walmart store in Farmingham, Arkansas, is the first to offer drone services to customers, delivering within about 30 minutes. Two more stores, a Walmart Neighborhood Market in Rogers, Arkansas, and a Walmart Supercenter in Bentonville, Arkansas, will be the next two to feature drone delivery in the coming months.
“When we invested in DroneUp earlier this year, we envisioned a drone delivery operation that could be quickly executed and replicated across multiple stores,” said Tom Ward, senior vice president of last mile at Walmart U.S., in a statement. “Opening our first hub within months of our initial concept showcases DroneUp’s ability to safely execute drone delivery operations with speed. We’re already hearing great customer feedback at our first site in Farmington, Arkansas, and look forward to opening additional locations.”
Walmart already has the infrastructure in place to serve more than 4,700 stores stocked with the 120,000 of the chain’s most-purchased items, according to a news release.
DroneUp announced the acquisition of AirMap Tuesday. Financial terms were not disclosed.
AirMap specializes in flight traffic management software for unmanned aerial vehicles, connecting airspace authorities with the drone ecosystem to exchange information about the low-altitude airspace traffic management environment using a cloud-based dashboard. It’s one of three international platforms for unmanned aircraft traffic management, according to DroneUp.
“We’ve integrated with the best aerospace teams to bring drone delivery and flight services to market faster and more economically with our patented flight management software, and now the industry’s No. 1 UTM solution,” said DroneUp CEO Tom Walker in a statement. “We believe DroneUp has a moral obligation to continue investment in and expansion of the AirMap platform. We will ensure this resource remains openly available to the drone industry, municipalities and the Federal Aviation Administration.”
The acquisition combines AirMap’s global airspace management with DroneUp’s network, fleet and infrastructure. The acquisition gives DroneUp solutions for the three most significant hurdles in the drone industry: ground game/pilots, software/hardware, and unmanned aircraft traffic management.
“We are excited to be joining the DroneUp team,” said Ben Marcus, co-founder of AirMap in a statement. “Since its inception, AirMap has worked to create a future where drones deliver value to millions of people in their everyday lives. DroneUp is also committed to this mission, and through its resilient, extensible network and partnership with Walmart, I am confident that we are going to create this reality.”
Marcus will be an adviser to DroneUp. Andi Lamprecht, vice president of research and development, will join DroneUp.
In April 2020, DroneUp acquired Glenview, Illinois-based AeroVista Innovations LLC, which provides drone training for private and public sectors called the DroneUp Training Academy.
DroneUp operates throughout the U.S. and is an authorized government drone services provider in 13 states and has more than 190 active waivers and authorizations with the FAA. The company was started by Walker in 2016 and provides aerial data collection, training, program integration and equipment sales.
The largest single gift ever made to Virginia Tech, $35 million, comes from a man who grew up without running water or electricity.
The university announced the gift from Norris and Wendy Mitchell Tuesday.
Norris E. Mitchell, a 1958 graduate of Virginia Tech, and his wife, Wendy, committed $35 million to Virginia Tech, the largest single-donor gift ever made by an alumnus, according to the university. It will go toward a long-awaited project to replace 60-year-old Randolph Hall, a building primarily used by the engineering college, with a 284,000-square-foot building for the engineering college, as well as providing support for programs and activities housed within the building. The total cost of the project is $248 million and the gift from the Mitchells satisfies the university’s obligation to provide funding to the project, according to a university spokesman. The remainder of the funding could come from the commonwealth after approval from the General Assembly, which it would be eligible for in the GA’s 2023 session. If approved, the funding would come in summer 2023 and that’s when construction would start.
The Mitchells live in Great Falls. But the hours-long drive doesn’t stop them from regularly visiting the Blacksburg campus where they both studied.
During a 2019 visit to campus, the couple met with students from the Croton Department of Aerospace and Ocean Engineering. It made a strong impression on them and helped cement their decision to give toward the project to replace Randolph Hall, according to Tech.
An architect’s rendition of Wendy and Norris E. Mitchell ’58 Hall on the Virginia Tech campus in Blacksburg. Image courtesy of Perkins&Will.
Norris Mitchell started his education at the University of Lynchburg, but transferred to Tech after securing a cooperative education appointment with the U.S. Navy. He took classes in Blacksburg in the fall and spring, and worked collecting data on flight tests for the Navy during the winters and summers, according to Tech. The work sparked an interest in missiles and rockets, which became the focus of his career.
After earning an aerospace engineering degree, Mitchell worked for Douglas Aircraft Co., which later became McDonnell Douglas, ultimately merging with The Boeing Co. While at Douglas, he became the chief of the company’s aerodynamics program, but later left to work for Science Applications International Corp. (SAIC).
But then Norris Mitchell turned his attention to real estate. He first dipped his toe into the world of real estate by buying an apartment building with friends in 1968, 10 years after graduating from Tech. Over time, he became more invested in real estate, leaving aerospace engineering and making real estate his career in 1974 with the founding of MG Apartments. Through his company, he owns close to 1,000 apartments and townhouses in the mid-Atlantic. He also helped start Virginia Commerce Bank, which merged with United Bank. Another project in his repertoire: purchasing and upgrading the Olde Mill Golf Resort in Carroll County.
The $35 million gift is not the first time that Virginia Tech has been the beneficiary of donations from the Mitchells, who are members of the university’s Ut Prosim Society, which requires a minimum donation of $100,000, according to Tech’s website. Norris Mitchell endowed the Mitchell Professor of Aerospace and Ocean Engineering position, now held by Rakesh Kapania, and a scholarship in the Kevin T. Crofton Department of Aerospace and Ocean Engineering. A robotics lab in the College of Engineering’s Goodwin Hall is also named for the Mitchells in recognition of their philanthropy.
But being able to give so generously wasn’t always the case for Norris Mitchell. He grew up in rural Carroll County, however being without modern amenities didn’t stop his drive to go to college. His mother emphasized the value of education in the one-room schoolhouse where she taught him early in his life. He earned a scholarship to Virginia Tech.
“Growing up, it was always a question of where I would go to college, not if,” Mitchell has said. “Same with my brother and two sisters.”
He also didn’t see his circumstances as a disadvantage.
“When you live in the country and don’t have electricity or water or so forth in the house, you become very self-sufficient,” he said in a statement. “You learn how to do a lot of things that other people don’t know how to do.”
A Starbucks at 2627 Emmet St. North in Charlottesville has been sold for $3.85 million, Cushman & Wakefield | Thalhimer announced Dec. 3. Riverbend Development sold the 2,317-square-foot freestanding building, which includes a Wells Fargo ATM. The transaction was completed by Catherine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group.
Landmark Recovery of Louisville LLC has purchased a 27,889-square-foot commercial building on four acres located at 42 Mitchell Ave. in Warsaw from Americare Plus LLC for $2 million. Martin Murden represented the seller and Chris Devine and Elliot Warsof represented the buyer.
Express Wash Property Holdings LLC purchased a former SunTrust bank branch at 10300 Midlothian Turnpike in Richmond from Truist Bank for $1.4 million, Colliers International announced Nov. 18. The building sits on 0.82 acres. Peter Vick and Harrison Hall of Colliers International represented the buyer.
Steve Worrell purchased a 9,528-square-foot retail property at 2035 West Broad St. in Richmond from 2035 Broad LLC for $1.7 million, Colliers International announced Nov. 18. Peter Vick and Harrison Hall of Colliers represented the buyer. Megan Sullivan, Will Bradley, Mark Williford, and Frank Hargrove of Colliers International represented the seller.
Grace Holdings LLC purchased 200 North Otterdale Road in Midlothian for $2.6 million. The property was formerly King Pin Lanes, a 30,360-square-foot bowling alley located within Sommerville Business Park. Peter Vick and Harrison Hall represented the seller, King Pin Properties LLC.
Hampton Roads
Moseley Real Estate Advisors Inc. purchased a 10,748-square-foot retail building at 1123 West Mercury Blvd. on 2.3 acres in Hampton from G.C. of Hampton Partners LLC for $2.5 million, Cushman & Wakefield | Thalhimer announced Dec. 1. The buyer plans to redevelop the building into a 9,000-square-foot multitenant building with Freddy’s Frozen Custard & Steakburgers as the anchor. Eric Stanley of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser.
Larandon’s Homes LLC has purchased a 24,407 square foot retail/office property on 0.81 acres at 226-230 W. Olney Road and 801 Boush St. in Norfolk from The Runnymede Corp. for $2.05 million. Ben Leon and Sam Rapoport represented the seller.
SDL Realty Investments LLC has purchased 1.12 acres of land located at 2336 Elson Green Ave. in Virginia Beach from General Booth Properties Inc. for $1 million. Mike Zarpas and Pierce Jacobson represented the seller.
SXCW Properties II LLC purchased 1.73 acres of land on Banks Ford Parkway at Warrenton Road in Stafford County for $1.375 million from CPK Southeast LLC, Cushman & Wakefield | Thalhimer announced on Nov. 22. The buyer will develop the first location of a Sam’s Xpress Car Wash in the Fredericksburg area. Robert M. Thornton of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the seller.
Two apartment buildings in the city of Roanoke were sold to investment group Walters LLC for $1.825 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The buildings are at 618 Day Ave. SW and 801 3rd St. SW and contain 17 apartment units. The sale was finalized on Nov. 15. Clay Taylor of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Roanoke represented the seller in the sale transaction.
Virginia Commonwealth University has made another buy as it plans out its future athletics village.
VCU bought the 5.83-acre industrial site at 1609 Sherwood Ave. in Richmond from Bourne Enterprises LC for $7.25 million, Porter Realty announced Friday.
The site contains a 173,580-square-foot existing industrial facility, partially occupied by West End Printing, which will relocate to Henrico County.
The acquisition is the latest for VCU in area near the city’s developing Diamond District built around the Richmond Flying Squirrels’ baseball stadium, The Diamond.
VCU has been buying up properties along Hermitage Road with plans to build a 40-acre athletics village that will include indoor and outdoor tennis courts accessible to the public as part of a major sports practice facility. The village will be located northeast of The Diamond baseball stadium and will have facilities for tennis, soccer and track and field events.
Bob Porter of Porter Realty Co. Inc. handled the marketing and sale negotiations on behalf of the seller.
Virginia Beach-based Divaris Real Estate Inc. has hired Dawn Calabrese as the senior vice president to spearhead its Richmond office’s industrial commercial real estate division, the real estate firm announced Thursday.
“We are very fortunate and excited to have this opportunity to welcome Dawn Calabrese as senior vice president to the Richmond office. She brings a wealth of experience in the industrial sector, and we are excited to leverage her talent,” Divaris principal Loretta Cataldi said in a statement.
Calabrese, who has more than 30 years of experience, launched her career with Cushman & Wakefield | Thalhimer and specializes in industrial leasing and tenant representation. She has closed more than $350 million of commercial real estate deals and her portfolio includes many large warehouse centers in Richmond.
The warehouse is in Broad Run Business Park near the intersection of Randolph Drive and Moran Road, north of Dulles International Airport. It was built in 2005 and sits on 6.78 acres of land. Tennessee-based Forward Air Corp., a third-party logistics company and last-mile ground delivery service provider, is currently leasing the building.
Joe Friedman with Edge Capital Markets led a team that included Christine Klein, Wilson Purcell and Joshua Norwitz which represented the seller and original developer and also procured the buyer.
Even as the seemingly never-ending COVID-19 pandemic continues to accelerate hybrid and virtual work, one thing doesn’t change — your need to build social capital.
Whether you’re Zooming or returning to in-person events, this third annual list of Virginians to meet in 2022 will introduce you to a variety of innovative, impactful businesspeople and trendsetters whom we think are worthy of your valuable networking time.
They range from The New York Times political columnist Jamelle Bouie, who has a side gig reviewing morning cereals for fun, to the Washington Football Team’s Will Misselbrook, who’s rebranding the NFL franchise for the 21st century, to Loudoun Hunger Relief President and CEO Jennifer Montgomery, who’s feeding hundreds of hungry families in the nation’s wealthiest county.
And just as a reminder, “I saw you in Virginia Business!” is always a great conversation opener.
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