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Va. Beach native to lead Navy Region Mid-Atlantic
The next commander of Navy Region Mid-Atlantic is a former naval flight officer and Virginia Beach native. Rear Adm. Christopher “Scotty” Gray will take over for Rear Adm. Charles “Chip” Rock during a change of command ceremony scheduled at Naval Station Norfolk Thursday. Rock, who has commanded a region [...]
Williamsburg apartments sell for $100M
Alexandria-based real estate company Bonaventure has sold The Bend Arbordale apartments in Williamsburg for $100 million. Bonaventure sold the 289-unit apartment complex to Illinois-based The Inland Real Estate Group, Bonventure announced Friday. Located at 401 Bulifants Blvd., the community has two- and three-bedroom apartments[...]
Valiant awarded $255M Air Force contract
Valiant Integrated Services LLC, a Herndon-based government contractor, has been awarded a 10-year, $255 million contract by the U.S. Air Force to provide F-16 international aircraft maintenance and pilot training to U.S. partner nation air forces, the company announced Thursday. The indefinite-delivery/indefinite-quantity contract consists of 100% foreign military sales and enables the company to provide […][...]
Roanoke business center sells for $6.8M
Century Business Center in Roanoke has sold for $6.8 million, Cushman & Wakefield | Thalhimer announced this week. ABMAR Century Business Center LLC, a regional investment group purchased the 52,306-square-foot multitenant flex-office building from Planta LLC. The property was 92% leased at the time of the sale. Price Gutsha[...]
Sentara taps new president and CEO
Sentara Healthcare has named Dennis Matheis to succeed Howard Kern as president and CEO, Sentara announced Friday. Kern announced his retirement earlier this year after spending more than 40 years at the Norfolk-based health care system. Matheis will take the helm on Sept. 1. He has served as president of Sentara Health Plans an[...]
Va. median home sales price breaches $400k for first time
The statewide median sales price for a home in May rose above $400,000 for the first time, according to the Virginia Realtors’ May 2022 Virginia Home Sales Report. The median price was $401,082, up 8.7% and more than $32,000 from a year ago. In total, 13,048 homes sold in Virginia in May, an 8.5% decrease […]
Mars Inc. names new CEO
McLean-based Mars Inc. will have a new CEO in September and the news comes at a time when the privately held global candy and pet food manufacturer is experiencing major growth. Grant F. Reid, who has served as CEO of Mars since 2014, will step down in September, with plans to fully retire by the […]
Corsicana Mattress Co. closing Chesterfield plant in Aug.
Chesterfield County’s former Symbol mattress production plant will close in August, laying off 54 employees, owner Corsicana Mattress Co. announced Thursday. Production will be absorbed into the company’s plants in Connecticut and North Carolina. “It appears that this location is a victim of both a competitive [...]
Hanley Energy to add 343 jobs in Ashburn
Irish energy management company Hanley Energy will invest $8 million to expand its Hanley Energy Electrical division in Loudoun County, a project expected to create 343 jobs, Gov. Glenn Youngkin announced Thursday. Hanley Energy will open a facility at 44381 Russell Branch Parkway to serve the data center market in Ashburn with [...]
Va. Tech receives $1M gift for learning accelerator
Virginia Tech on Tuesday announced that it will establish a new learning accelerator at the university’s Pamplin College of Business through a $1 million gift from an alumnus and his wife. Omar Asali, a 1992 Virginia Tech graduate and chairman and CEO of Ohio-based Ranpak Holdings Corp., made the gift with his wife, Rula, [...]
Amtrak to boost service in Norfolk, Roanoke, Newport News
Amtrak will add a third daily departure from Norfolk and a second daily departure from Roanoke on its Northeast Regional route, while also bolstering train service in Newport News, all beginning July 11. The train already departs from Norfolk early in the morning and mid-morning, so the third departure will be in the early after[...]
Barkin: Inflation high, but Fed has tools to contain it
Tom Barkin agrees — inflation is too high. But he also says the Fed has the authority to get it back on the right track. That’s what the president and CEO of the Federal Reserve Bank of Richmond told the Richmond chapter of the Risk Management Association on Tuesday at Triple Crossing Beer, a brewery […]
