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Industries

Jul 25, 2022

Va. housing market sees sharp drop in sales

The housing market is cooling off, compared to a year ago. Home sales in Virginia dropped by nearly 19% in June, compared to sales in June 2021, the sharpest drop in the housing market since the beginning of the pandemic, Virginia Realtors reported Friday. In June, 13,324 homes were sold in Virginia, which is 3,208 fewer [&hell[...]

Jul 22, 2022

Alexandria bank buys building, brings employees together

Burke & Herbert Bank & Trust Co. has acquired a $22 million office building in Alexandria to bring many of its employees together under one roof. The Alexandria-based bank announced July 11 that it had bought the 110,047-square-foot office building at 5680 King Centre Drive. The seller was not disclosed. The bank will br[...]

The Trails at Short Pump
Jul 22, 2022

Capital Square acquires The Trails at Short Pump

Henrico County-based real estate investment firm Capital Square has acquired The Trails at Short Pump, a 350-unit apartment community in western Henrico, the company announced Tuesday. Located at 3900 Acadia Lane, the nearly 32-acre property offers one-, two- and three-bedroom units averaging 878 square feet each. The acquisitio[...]

Jul 22, 2022

Youngkin names director of rail, public transit agency

Gov. Glenn Youngkin has appointed Jennifer DeBruhl to lead the Virginia Department of Rail and Public Transportation permanently. She has been leading the agency on an interim basis since March. DeBruhl, who succeeds former DRPT director Jennifer Mitchell, is on the Commonwealth Transportation Board, serves as chair of the Virgi[...]

Michael A. Witynski. Photo courtesy Dollar Tree
Jul 21, 2022

Dollar Tree names new CIO amid C-suite shift

Chesapeake-based Fortune 500 discount retailer Dollar Tree on Thursday announced that it has hired Bobby Aflatooni, executive vice president and chief information officer for real estate developer The Howard Hughes Corp., as its CIO. The hire comes less than a month after Dollar Tree Stores, Inc., which also owns the Family Doll[...]

Jul 21, 2022

Akima wins $109M Air Force flight training contract

Herndon-based Akima Logistics Services has received a 10-year, $109.7 million contract to support training squadrons at the U.S. Air Force Academy in Colorado Springs. Under the contract, Akima will provide organizational and depot maintenance and provide sortie support, scheduling, maintenance and aircraft recovery for flight, [...]

Jul 21, 2022

Leidos receives $291M Navy contract

Reston-based Fortune 500 contractor Leidos has received a $291 million follow-on contract for work with the Navy’s Program Executive Offices’ Integrated Warfare Systems directorate, according to a news release. The single award, cost-plus-fixed-free contract includes a one-year base period with a four additional one-[...]

Jul 21, 2022

Newport News Shipbuilding promotes three execs

Newport News Shipbuilding has announced several leadership changes as the shipyard attempts to optimize and speed operations. Matt Needy is now vice president and chief transformation officer, after previously serving as vice president of Navy programs. In his new role, Needy is responsible for executing Newport News’ stra[...]

Virginia’s Pamunkey Indian Tribe is developing the $500 million HeadWaters Resort & Casino alongside Harbor Park, overlooking the Elizabeth River. Rendering courtesy HeadWaters Resort & Casino
Jul 20, 2022

HeadWaters temporary casino changes course in Norfolk

HeadWaters Resort & Casino, the Pamunkey Indian Tribe’s $500 million gaming project planned for Norfolk, announced Wednesday it is abandoning its temporary casino plans at Harbor Park, instead locating the facility on the same property as the permanent casino. “Issues were recently raised about the address of the[...]

Jul 20, 2022

Volkswagen names new president, CEO of Americas Group

Volkswagen is shaking up leadership in the Americas as it launches a new company focusing on electric pickups and sport utility vehicles after acquiring the iconic Scout ATV brand. Scott Keogh, who has led Herndon-based Volkswagen Group of America as president and CEO and the Volkswagen North American Region since 2018, will bec[...]

Jul 19, 2022

ODU, EVMS merger possibility arises with new officer hire

A high-profile hire announced Tuesday by Old Dominion University has raised questions about the possibility of a formal merger with Eastern Virginia Medical School, although statements from the two Hampton Roads educational institutions say it’s “premature” to respond to questions about the prospect. Dr. Alicia[...]

Jul 19, 2022

Richmond’s Maymont wins $8M tourism grant

Updated July 20, 2022 Maymont Foundation, which maintains and runs Richmond’s Maymont park, was awarded an $8 million federal grant Tuesday to promote regional tourism, the U.S. Department of Commerce’s Economic Development Administration announced. With an additional $2 million in matching funds from the foundation,[...]

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