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Clark Nexsen contributes to SEALs D-Day monument
Eighty years after the June 6, 1944, Allied invasion of Normandy, France, a Virginia company and other contractors gathered there to unveil a monument honoring the World War II predecessors of the Navy SEALs and special boat crews. The Navy SEAL Museum San Diego, a museum opening late this year and a sister institution to [&hell[...]
These 39 Va. companies made the 2024 Fortune 1000
Thirty-nine companies headquartered in Virginia are on Fortune magazine’s 70th annual Fortune 1000 list, with 24 Virginia companies again making the elite Fortune 500. Several of the Virginia companies saw their fortunes rise this year on the list, with top-ranked Virginia company Freddie Mac moving up nine spots to No. 36 on [...]
Fed’s Fifth District shows modest economic growth
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew modestly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released May 29. Published eight times per year, the Beige Book is based[...]
Bitcoin billionaire Saylor settles D.C. tax fraud suit for $40M
After close to two years of litigation, bitcoin billonaire Michael Saylor and MicroStrategy, the Tysons-based business software company he co-founded and remains executive chairman of, have agreed to pay $40 million to resolve a tax fraud lawsuit filed by the city of Washington, D.C., according to an announcement Monday morning [...]
Dominion closes sale of Utah gas utility for $4.3B
Richmond-based Fortune 500 utility Dominion Energy has closed on its $4.3 billion sale of subsidiaries Questar Gas and Wexpro to Canadian pipeline and energy company Enbridge, Dominion announced Monday. Salt Lake City, Utah-based natural gas utility Questar serves more than 1.2 million customers in Utah, Wyoming and Idaho. Wexpr[...]
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[...]
Generous Virginians 2024: The 50 largest Virginia charities
GENEROUS VIRGINIANS 2024 A heartfelt donation: Schars have donated more than $126 million to Inova since 1993 The 50 largest Virginia charities Total corporate donations Donations by companies and corporate foundations Donations by independent foundations and groups Donations by individuals and family foundations
Reality bites
Gen Xers are next in line for retirement, and most are far from being prepared financially for their golden years. They face a substantial shortfall of funds needed for retirement and the largest savings gap of any generation. “As the first generation to head into retirement largely without the safety net of a defined benefit [...]
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 [...]
