Sign In
Free Newsletter
Co-founder steps down from Franklin Johnston Group
Tom Johnston has stepped down from The Franklin Johnston Group, the Virginia Beach-based multifamily development and management company he co-founded, the company announced May 30. Johnston is leaving to pursue other business opportunities, a release stated. Johnston, Wendell Franklin and his son W. Taylor Franklin as well as Steve Cooper left S.L. Nusbaum Realty in […]
Norfolk property management firm promotes president, principal broker
John Chandler has been promoted to president and principal broker of Berkshire Hathaway HomeServices RW Towne Property Management, the Norfolk-based real estate firm announced Wednesday. Chandler was previously director of facilities and compliance for Berkshire Hathaway HomeServices RW Towne Realty and chief operating officer o[...]
40 acres in Spotsylvania sell for $6.36M
Close to 40 acres in Spotsylvania County sold for $6.36 million, according to a May 29 news release from Cushman & Wakefield | Thalhimer. WorkSpace Property Group purchased 39.8 acres at 0 Northeast Drive from Cosner Industrial Park for future industrial development. WorkSpace Property Group is registered to an address in Gr[...]
Grounds for dissent?
On April 30, the night police raided Columbia University’s campus, arresting more than 100 protesters and keeping about 50 students and faculty members cooped up for several hours in Pulitzer Hall, where the annual journalism prizes are announced, it was pretty quiet at the University of Virginia. According to a Cavalier Daily[...]
Specialty gift manufacturer establishes $1.4M Harrisonburg operation
Boxer Gifts, a British manufacturer of specialty, often wacky gifts, including the “poo timer” and “old age emergency pants,” will invest $1.4 million to establish its first U.S. light manufacturing, distribution and wholesale operation in Harrisonburg, Gov. Glenn Youngkin announced Tuesday. The project is expected to cr[...]
Weidmuller USA hires president and CEO
Randy Sadler is the new president and CEO of Chesterfield County-based industrial connectivity and automation company Weidmuller USA, German parent company Weidmüller Group announced Thursday. Sadler succeeds Bernd Schröder, who died unexpectedly in late 2023. Weidmüller Group creates smart industrial connectivity products[...]
Atlantic Park expected to open in spring 2025
The $350 million Atlantic Park project backed by music icon Pharrell Williams in his hometown of Virginia Beach is progressing, with the 2.6-acre surf lagoon, entertainment venue and other pieces of the project expected to be delivered in spring 2025, Kathy Warren, Virginia Beach’s planning director, told the city council [...]
George Mason receives $5M donation from Peterson Cos. family
The Peterson Family Foundation, the family behind the Peterson Cos. real estate development firm, donated $5 million to the George Mason University’s Center for the Arts improvement project, the university announced Tuesday. The gift to the university’s College of Visual and Performing Arts will support modernization of the[...]
Kaufman & Canoles names Williamsburg managing partner
Dustin H. DeVore has been named managing partner of Kaufman & Canoles’ Williamsburg office, effective May 21, the law firm announced. DeVore joined Kaufman & Canoles in 2002 and chairs the firm’s lender representation practice group and the firm’s credit union team. Outside the firm, he serves on the bo[...]
Capital One, Walmart end credit card agreement
McLean-based Capital One Financial is no longer the exclusive issuer of Walmart consumer credit cards. The two Fortune Global 500 companies announced Friday that they had ended their consumer card agreement. The announcement follows problems first uncovered in late 2022 and early 2023, according to Reuters reporting. Capital One[...]
Foster Fuels wins potential $442M FEMA contract
Brookneal-based fuel delivery provider Foster Fuels has won an up to $442 million contract to provide emergency services to the Federal Emergency Management Agency. Under the five-year Defense Logistics Agency Energy (DLA) contract, which the Defense Department announced May 15 and Foster Fuels announced Tuesday, Foster Fuels wi[...]
Wood veneer facility to reopen in West Point
A former manufacturing facility in West Point will come roaring back to life with a $2.5 million investment by West Point Veneer, a wholly owned subsidiary of Coldwater Veneer, that will create 92 jobs, Gov. Glenn Youngkin’s office announced Tuesday. Once open, the mill will produce wood veneer and ship it globally via the[...]
