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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 […]
Ellucian names new COO
Reston-based Ellucian has named Kelly Rogan its chief operating officer, the higher education software company announced Tuesday. Rogan will oversee Ellucian’s global professional services, managed services, services strategy and innovation, and customer success and support. She joins Ellucian after spending 15 years at Mi[...]
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[...]
RAMP hires new executive director
The new executive director of RAMP, the Roanoke-based Regional Accelerator and Mentoring Program, once worked for the Central Intelligence Agency. Now he’ll help startups get off the ground in Roanoke, after doing work in the startup ecosystem in North Carolina. John Hagy started as executive director of RAMP on Jan. 8. He[...]
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[...]
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[...]
Va. casino revenues total $58.5M in December 2023
Virginia’s three casinos generated $58.5 million in December 2023 gaming revenues, according to data released Friday by the Virginia Lottery. Virginia’s first casino, the Bristol Casino: Future Home of Hard Rock temporary facility, opened July 2022. The Virginia Lottery Board approved HR Bristol’s casino license in April 2[...]
REIN elects new board
The Real Estate Information Network has a new board of directors and executive committee, the multiple listing service for the Hampton Roads region announced Wednesday. The 2024 board includes: Gary Lundholm, president Barbara Wolcott, vice president Barry Nachman, treasurer Kimberly Plourde, secretary Lee Cross, director Amy Do[...]
Suffolk industrial property sells for $7.5M
An industrial warehouse building in Suffolk has a new owner. American Industrial purchased the 256,800-square-foot industrial warehouse building on 11.6 acres from Nansemond Cold Storage for $7.5 million, according to a Dec. 29, 2023, Cushman & Wakefield | Thalhimer news release. American Industrial will upgrade and improve [...]
Breeden Construction completes Newport News apts.
Richmond-based Breeden Construction has finished work on the Lift & Rise on Jefferson, a community with 81 townhomes and garden-style apartments in Newport News. The $18.5 million project, done for the Newport News Redevelopment & Housing Authority and Pennrose, a Philadelphia-based developer, started in June 2021 with c[...]
Roanoke fintech startup KlariVis closes $11M funding round
KlariVis closed an $11 million Series B funding round, the Roanoke-based banking data analytics startup announced Thursday. KlariVis provides data analytics solutions for community banks and credit unions. The fintech company has doubled its revenue and customer count year-over-year and has 100 clients, according to a news relea[...]
Economy healthy but more work is needed, Barkin says
The U.S. economy is showing signs of health, but bringing down inflation remains necessary, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Thursday during the 2024 Financial Forecast event co-hosted in Richmond by the Virginia Bankers Association and the Virginia Chamber of Commerce. Economic conditions have[...]
