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Fort Monroe development moving forward
Apartments, a 250-person event center, a boutique hotel, a 500-seat restaurant, a marina and a firing range will soon dot the landscape at Fort Monroe with the help of historic tax credits, public funds and private investment. Hanover County-based Echelon Resources Inc. was named master developer by the Fort Monroe Authority for[...]
‘Flight to quality’
When Jessica Bronner wants to meet up with friends for a drink or meal, she doesn’t have to move her car from the garage at Ink, the luxury apartment building where she lives in Richmond’s trendy Scott’s Addition neighborhood. Developed by Glen Allen-based Capital Square and completed in January 2022, the 80-unit Ink is on[...]
Lynchburg area needs more industrial sites
Megan Lucas knows all too well that no product means no project in economic development, especially when it comes to pad-ready sites and move-in-ready buildings. The lack of pad-ready sites and industrial spec buildings in the Lynchburg region is the major reason the area has missed 65 economic development opportunities that cou[...]
Boeing receives $2.25B Air Force tanker contract
Arlington-based Boeing Co. will help the Air Force expand its fleet of KC-46A Pegasus tanker aircraft under a $2.25 billion contract modification announced by the Pentagon Friday. The award covers the service’s ninth production lot and includes 15 of the tankers as well as data, subscriptions and licenses. To date, 68 KC-4[...]
Norfolk’s MacArthur Center mall listed for sale
Downtown Norfolk’s struggling mall, MacArthur Center, is officially on the market. A listing from real estate company JLL describes the 23-acre property as “a compelling redevelopment opportunity.” The listing encourages prospective buyers to “reimagine a major asset in the Norfolk [central business distr[...]
Va. Bar Association installs 2023 president
Benjamin D. Leigh became the 2023 president of the Virginia Bar Association on Jan. 22, the Richmond-based professional association announced Thursday. With a practice focused on real estate, Leigh is a principal at Leesburg-based Troxell Leigh PC, which he co-founded as Mims, Atwill & Leigh PC in 2002. Before that, he worke[...]
Atlantic Union Bank names CIO
Matt Linderman is Atlantic Union Bank’s new chief information officer, the bank’s Richmond-based holding company, Atlantic Union Bankshares Corp., announced Friday. Linderman was previously the chief technology officer of PNC Financial Services Group Inc. Prior to that, he was PNC’s senior vice president of data center and[...]
Petersburg casino bill moves to Senate committee
A Virginia State Senate bill that would allow Petersburg residents to vote on allowing a casino in their city is still in play, following a 7-2 vote by the Senate gaming subcommittee Thursday. The bill will progress to a General Laws and Technology committee vote Wednesday. The bill from Sen. Joe Morrissey, D-Richmond, adds Pete[...]
Manassas company to develop short takeoff, landing aircraft for Air Force
Manassas-based aerospace company Electra.aero Inc. has received a Strategic Funding Increase award from the U.S. Air Force’s AFWERX arm that secures up to $85 million for development of a prototype electric short takeoff and landing (eSTOL) aircraft. The award, announced Thursday, secures funding between private investments, g[...]
Reston contractor lands $235M extension for Iraq base support
A subsidiary of Reston-based federal contractor Acuity International LLC won a $235.6 million U.S. Air Force contract modification to provide base support and security services for the Iraq F-16 program, the Pentagon announced Wednesday. The modification adds 12 months to the previously awarded contract, bringing the cumulative value of the contract to $360.78 million. The […]
Rocket Lab launches first mission from U.S. soil
After more than a month’s delay, Rocket Lab USA’s first launch from U.S. soil at NASA’s Wallops Flight Facility in Accomack County blasted off Tuesday evening. The mission, “Virginia is for Launch Lovers,” lifted off around 6 p.m. EST from the company’s Launch Complex 2 at Virginia Space’s Mid-A[...]
HII names new exec VP, CIO
Newport News-based Huntington Ingalls Industries has promoted Chris Soong to executive vice president and chief information officer, the Fortune 500 federal contractor announced Tuesday. Soong’s promotion is effective April 1. He served as CIO at HII’s Mission Technologies division beginning in August 2021 and is rep[...]
