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Two apartment complexes in Va. Beach sell for $7M+
Two apartment complexes in Virginia Beach have sold for $3.1 million and $4.525 million, respectively, commercial real estate investment company Marcus & Millichap announced this week. The Green Meadows Apartments sold for $3.1 million and the Breezy Meadows Apartments sold for $4.525 million, said Benjamin Yelm, regional ma[...]
Breeden Construction moves HQ, triples office space
Henrico County-based Breeden Construction has moved its headquarters office to an 8,100-square-foot space near Henrico Doctors’ Hospital — tripling its previous office space, the company announced this week. Financial terms of the move were not disclosed. The Class A office space is located at 1700 Bayberry Court, Suit[...]
Averett University names new VP and CFO
Averett University announced Thursday that Don Aungst has become the university’s new vice president and chief financial and operating officer. He started at the Danville college this month. Aungst was most recently the CFO at Susquehanna University in Pennsylvania. He has more than 30 years of experience in higher educati[...]
Va. Beach-based DroneUp acquires AeroVista Innovations
Virginia Beach-based end-to-end drone pilot service company DroneUp LLC announced Thursday it has acquired Glenview, Illinois-based AeroVista Innovations LLC (AVI). The merged company will rebrand as The DroneUp Training Academy. DroneUp acquired AVI’s assets, employees and customer contracts. Financial terms of the transa[...]
Reston-based IT company names new CFO
Reston-based information technology company Contegix announced Thursday that it has named Mike Dunn as its new chief financial officer. Dunn was most recently the CFO of systems integrator and managed hosting provider NeoSystems LLC. He has also previously been CFO of Siteworx and Recovery Point Systems. In his new role, he will[...]
NOVA Educational Foundation receives $1M donation
The Northern Virginia Community College Educational Foundation (NOVA Foundation) announced Thursday it has received a $1 million donation from Debra Coffman Howe of Palm Beach, Florida. The funding will go to Howe’s existing endowment fund for NOVA nursing student scholarships and also to the NOVA COVID-19 Emergency Studen[...]
Genworth Financial acquisition delayed again
The long-delayed $2.7 billion acquisition of Henrico County-based Genworth Financial Inc. by China Oceanwide Holdings Group Co. Ltd. has been postponed again. The Virginia State Corporation Commission’s Bureau of Insurance reapproved the merger and the companies agreed to a 14th waiver and agreement to each party’s right to terminate the proposed agreement. The latest waiver […]
Gun group asks Northam to lift indoor gun range restrictions
RICHMOND, Va. — Virginia gun owners are calling on Gov. Ralph Northam to remove indoor gun ranges from the list of nonessential businesses closed due to the COVID-19 pandemic. Meanwhile, this comes as background checks for firearm purchases saw double digit growth from February to March. The Second Amendment advocacy group[...]
Va. ER physician spearheads intubation PPE production
Virginia College of Emergency Physicians President Dr. Scott Hickey turned to the owners of contracting companies in Powhatan — Michael Potter of Village Building Co. Inc. and David Dowdy of Interior 2000 — to produce boxes designed to protect emergency health care workers while they intubate patients with COVID-19. Designed[...]
Va. coronavirus cases to surge between late April and late May, Northam says
Virginia is making preparations to establish temporary overflow medical facilities, with the expectation that coronavirus cases in the commonwealth will surge between late April and late May, Gov. Ralph Northam said during a news briefing Wednesday. “For now, we are at the beginning of this virus, and that is why it is s[...]
Arlington tech company names COO
Arlington-based tech company Excella Consulting Inc. announced Tuesday it has named Sandy Gillespie as its chief operating officer. Gillespie was most recently COO and executive vice president for Reston-based NCI Information Systems Inc. since April 2018. In her new role at Excella, she will oversee client delivery and growth s[...]
Roanoke construction company promotes senior VP
Roanoke-based construction company Branch Builds announced Tuesday it has promoted Cathy Underwood to senior vice president and regional business unit leader. Underwood was most recently vice president at the company, and in her new role she will pursue new business opportunities and manage the Roanoke and Charlotte, North Carol[...]
