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Amentum lands $946M Army contract
Chantilly-based federal contractor Amentum Services won a $946 million contract for maintenance of a U.S. Army aircraft fleet, the company announced Monday. Under the hybrid firm-fixed price contract, Amentum will complete system maintenance and modernization for the Army’s fixed-wing transport aircraft fleet, providing life-c[...]
Breeden Construction finishes $9.3M Crozet condos
Breeden Construction has completed a $9.3 million mixed-use condominium project in Crozet, the Richmond-based general contractor announced Tuesday. In December 2021, Breeden Construction started work on the Old Trail Village by clearing the 1-acre property in Albemarle County. The four-story, approximately 55,000-square-foot bui[...]
Virginia Beach Holiday Inn sells for $16.25M
A 307-room Holiday Inn in Virginia Beach sold for $16.25 million in mid-December 2023, according to city property records. The six-story Holiday Inn Virginia Beach – Norfolk, located at 5655 Greenwich Road, was built in 1981, property records show. It opened in 1982, according to a news release from commercial real estate firm[...]
Fed’s Fifth District economy sees mild expansion
Economic activity in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) expanded mildly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Bo[...]
Virginia Chamber elects Va. Natural Gas president as board chair
The Virginia Chamber of Commerce has elected Robert Duvall, president of Virginia Natural Gas, to chair its board of directors, the chamber announced Thursday. Duvall succeeds Lakshmi Williams, North American general counsel of Transurban, who chaired the board in 2023. Duvall’s term as chair will last a year. At Virginia [...]
Caesars Virginia ‘tops off’ Danville casino
Caesars Virginia is a step closer to opening its permanent casino in Danville after a topping-off ceremony Thursday. Though the temporary casino opened in May 2023, work on the permanent Caesars Virginia casino and 12-story hotel has been ongoing. The floor of the casino has been poured, metal framing is in place and the hotel [[...]
Richmond Region Tourism’s Berry to retire in June
After 32 years leading regional tourism efforts, Richmond Region Tourism President and CEO Jack Berry will retire on June 30. The organization’s board has named Executive Vice President Katherine O’Donnell as his successor, effective July 1. “The Richmond Region has enjoyed tremendous success over the past few deca[...]
Developers put Fort Monroe marina redevelopment on indefinite hold
The redevelopment of Old Point Comfort Marina at Fort Monroe has been put on hold due to rising costs, with no timeline specified for when it could occur. Instead of negotiating a long-term development agreement, the Fort Monroe Authority (FMA) and Smithfield-based hospitality management company Pack Brothers Hospitality (PBH) are now discussing a revised management […]
Anthem, Va. Chamber partner on WiseChoice Healthcare Alliance
The Virginia Chamber of Commerce is partnering with Anthem Blue Cross and Blue Shield on the WiseChoice Healthcare Alliance, the next step in providing health insurance to small business owners through a newly legalized consortium structure, President and CEO Barry DuVal announced Wednesday. In June 2022, Gov. Glenn Youngkin sig[...]
Va. Tech Innovation Campus building opening delayed
The opening of the first academic building on Virginia Tech’s Innovation Campus has been delayed to spring 2025, the university announced Thursday. Virginia Tech started construction on the first academic building of the $1 billion campus in Alexandria in September 2021 and had planned to open the $302 million building this Au[...]
Brown Edwards CEO to retire in June
Brown Edwards partner and CEO Jason Hartman will retire this summer, the Roanoke-based public accounting firm announced Tuesday. Hartman joined Brown Edwards in 1986 and has led the firm for the past seven years. Laura Sprouse, Brown Edwards’ chief operating officer and partner, will become the next CEO on June 1. Under Ha[...]
McLean-based ARG announces new president, CEO
McLean-based IT consulting firm ARG has made several changes to its executive leadership, as its president and CEO retire and move to board memberships. ARG co-owner and former CEO Greg Praske is now chairman of the 2024-25 board of directors, and Steve Praske, ARG co-owner and former president, is vice chairman of the board, ac[...]
