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Gee appointed permanent director of Va. Lottery
Gov. Glenn Youngkin announced Friday he has appointed Kelly T. Gee as permanent executive director of the Virginia Lottery, after she served as acting director since January. When she joined the agency in 2018, Gee served as manager of government relations, where she was responsible for managing legislative outreach efforts. She[...]
Norfolk warehouse sells for $9M
A warehouse in Norfolk has been sold for $9 million, Cushman & Wakefield | Thalhimer announced June 6. Selko Real Estate Ventures LLC purchased the 109,609-square-foot industrial building from NorfolkCo LLC as an investment. The property is leased to American Tire Distributors (ATD) as the company’s Hampton Roads tire [...]
Derivatives exchange company to create 37 jobs in Fairfax
Tysons-based derivatives exchange company Nodal Exchange will invest $300,000 to expand its Fairfax County headquarters, creating 37 jobs, Gov. Glenn Youngkin announced Thursday. The company will increase capacity at its headquarters, located at 1921 Gallows Road in Tysons. “Nodal Exchange offers the largest suite of power and[...]
Economic growth to continue slowing, ODU experts say
The U.S. economy will continue to slow in the second half of 2022 and a recession is increasingly likely, according to the Old Dominion University’s Dragas Center for Economy Analysis and Policy’s mid-year economic forecast released Friday. Increases in inflation are expected to slow as well but harden, leaving costs elevated, report Robert McNab and […]
BWXT subsidiary to build first U.S. nuclear microreactor
BWXT Advanced Technologies LLC, a subsidiary of Lynchburg-based nuclear components and fuel supplier BWX Technologies Inc., will build the first advanced nuclear microreactor in the United States under a $300 million contract awarded by the Department of Defense’s Strategic Capabilities Office, the company announced Thur[...]
McLean-based Appian opens office in Seville, Spain
Appian Corp. opened its first Technology Innovation Center in Seville, Spain, the McLean-based cloud computing firm announced last week. “Seville provides the ideal environment for Appian to establish its technology hub, grow our team and serve our regional customers and partners,” Víctor Ayllón, Appian’s vice pr[...]
Atlantic Diving Supply names new CEO, COO
Virginia Beach-based Atlantic Diving Supply Inc. (ADS) has promoted Ryan Angold to CEO, the company announced Tuesday. Angold replaces Jason Wallace, who has stepped down from leading the company since 2014. Also, ADS promoted John Dunn to chief operating officer, adding to his duties as chief financial officer. Their new roles [...]
Sentara Healthcare board elects new leaders
Sentara Healthcare’s Board of Directors has elected Allan Parrott as its new chair, Sentara announced Monday. Parrott has served as the board’s vice-chair for the past three years and has been on the board since 2015. He succeeds Dian Calderone, who served three years as chair and has been on the board since 2014. Sh[...]
Va. Beach post office building sells for $5M
A 29,813-square-foot property leased to the U.S. Post Office in Virginia Beach has been sold for $5 million. U.S. Post Office Acredale-Annex at 1700 Centerville Turnpike was built in 2000 and was sold by Faith Irrevocable Trust to Postal Realty Trust. The property is on a 25-year net-leased structure with the tenant. Michael J. [...]
Winmar Construction moves HQ to Reston
Winmar Construction has moved its corporate headquarters from Washington, D.C., to Reston, signing a 7,000-square-foot lease at 2100 Reston Center Parkway. The general contractor has 40 employees in the seven-story building in Reston but will still have a presence in Washington, D.C., at 1010 Wisconsin Ave. The company also has [...]
Bon Secours names COO of Hampton Roads market
Bon Secours has named Craig Schmidt chief operating officer for the health system’s Hampton Roads market, effective Monday. He will lead the market’s operational projects within its facilities and oversee the growth in the Cincinnati, Ohio-based health system’s operations in Hampton Roads, according to a news r[...]
Raytheon moving global HQ to Arlington
Raytheon Technologies Corp. announced Tuesday that it will relocate its global headquarters from Massachusetts to Arlington in the third quarter of this year, a move that will see four of the top five U.S.-based aerospace and defense contractors headquartered in Virginia. Raytheon is the second-largest defense company in the wor[...]
