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Port of Va. partnering with Norfolk Southern
The Port of Virginia is part of a new partnership with Norfolk Southern Corp., Hapag-Lloyd and Union Pacific Railroad. The partners will provide expedited train shipping from the East Coast to the western U.S., Norfolk Southern announced last week. The partnership, called OceaNS Bridge Express, will start at the Port of Virginia[...]
Greater Washington Partnership unveils 10-year inclusivity plan
The Greater Washington Partnership released its “Regional Blueprint for Inclusive Growth” Monday, a 10-year plan to increase equity and create a more inclusive economy in the capital region, spanning Baltimore to Richmond. The plan was launched at an event hosted by Sheila Johnson, CEO of Salamander Hotels and Resort[...]
Anthem Virginia president to retire
Jeff Ricketts, president of Anthem Blue Cross and Blue Shield Virginia, will retire in September after nearly 40 years with the health insurance company, Anthem announced Friday. Ricketts has served as leader of Anthem’s operations in Virginia for the past five years. He joined Anthem in 1984 as a sales account representat[...]
Amyx CFO to retire; new CFO named
Reston-based federal contractor Amyx Inc. has announced its chief financial officer Rosalind Kadasi will retire on July 1 and Ryan Marsden, her successor, will join the company June 13. Kadasi has been Amyx’s CFO since 2017 but has more than 20 years of executive experience leading finance, accounting and administration fo[...]
ACI expands Hampton Roads footprint
Richmond-based Atlantic Constructors Inc. is expanding its presence in Hampton Roads with a new 39,000-square-foot facility in Suffolk and 75 new jobs, the company announced June 2. Previously, ACI had three small offices in Hampton Roads, and the company has consolidated two of them into a larger, more modern facility, a compan[...]
Blacksburg apartments sell for $4.75M
Ridgeview Apartments in Blacksburg have been sold for $4.75 million, Cushman & Wakefield | Thalhimer announced Thursday. The 96-unit community is located at 768 Triangle St. in Blacksburg. Ridgeview Apts. Land Trust sold the community to GFI Ridgeview LLC, which intends to renovate the units. Clay Taylor of Cushman & Wak[...]
The Breeden Co. names brand and development manager
The Breeden Co. has named Richard George its brand and development manager, the Virginia Beach company announced June 6. George will be responsible for maintaining brand integrity across all corporate and divisional marketing initiatives and communications, but will also oversee business functions including communication channel[...]
Va. Beach office building sells for $12.15M
Windwood Centre, a four-story Class A office building in the Lynnhaven area of Virginia Beach, has been sold for $12.15 million, Divaris Real Estate Inc. announced Wednesday. CCP Commercial Real Estate sold the 78,619-square-foot building, located at 780 Lynnhaven Parkway, to Charlottesville-based Seminole Trail Management. Tena[...]
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 […]
