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Peraton taps new chairman, president and CEO
Stu Shea, Peraton’s chairman, president and CEO, has stepped down, and Steve Schorer has been named to succeed him at the Reston-based federal contractor owned by Veritas Capital. According to Tuesday’s announcement, Schorer will start Sept. 9. “On behalf of Peraton and Veritas, I’d like to thank Stu for his many[...]
VACUL announces intent to merge with regional group
The Virginia Credit Union League has signed a letter of intent to consolidate with the League of Southeastern Credit Unions & Affiliates, the trade organization representing credit unions in Alabama, Florida and Georgia. Virginia credit unions will decide this fall whether to merge VACUL’s associations, foundations and[...]
LL Flooring sells Henrico distribution center for $104M
Read more: LL Flooring to sell 219 stores; 211 other stores set to close LL Flooring has sold its eastern Henrico County distribution center to a limited liability company for $104.75 million, according to documents the Henrico-based flooring company filed with the Securities and Exchange Commission on Tuesday. Formerly known as[...]
Health Wagon CEO’s pay gains attention
Once best known outside the region for its role in an annual Remote Area Medical pop-up clinic at the Wise County Fairgrounds, Southwest Virginia’s Health Wagon has gained new notoriety — and lost state funding — over executive pay. After Cardinal News reported in May that Health Wagon President and CEO Teresa Gardner Tyso[...]
For the Record September 2024
CENTRAL The City of Richmond is progressing on the new Diamond District baseball stadium for the Richmond Flying Squirrels. The city announced July 25 it had sold about $130 million worth of bonds to fund construction of the stadium, a pivotal step toward building the minor league ballpark that will anchor the new district. The […]
Culpeper tech zone attracts data centers
A Dallas-based developer seeking to build its fourth data center campus in Virginia had a problem. Finding sites large enough was getting difficult in Northern Virginia, where DataBank has two locations in Ashburn’s Data Center Alley and one in McLean. “Virginia is still a solid data center market,” says DataBank Chief Ope[...]
Taubmans give $25 million for Carilion cancer center
Carilion Clinic will soon break ground on a new building for an expanded cancer program thanks to a $25 million gift from a Star City family, the largest ever made to the nonprofit health care system. The gift from former Advance Auto Parts CEO Nicholas Taubman, also a past U.S. ambassador to Romania, and his […]
U.Va. hotel, conference center expected fall 2025
To fulfill a need for a new comprehensive conference space in Charlottesville, the University of Virginia is set to welcome the Virginia Guesthouse hotel and conference center in fall 2025. The new facility will feature 214 guest rooms, including nine suites. The approximately 224,000-square-foot Virginia Guesthouse will offer c[...]
NoVa residents feel pressure to pay high rent, mortgages
A spring survey showed more than half of residents polled in the greater Washington, D.C., area are concerned with making rent or mortgage payments in 2023, highlighting the lack of affordable housing in the nation’s fourth largest metropolitan area. Fifty-two percent of D.C., Maryland and Virginia residents polled by Gallup a[...]
W&M gets $100 million boost for coastal research
Jane Batten, the matriarch of a Hampton Roads family known for philanthropy, pledged $100 million to William & Mary in July to boost coastal and marine science research toward finding global solutions for flooding and sea-level rise. The newly named Batten School of Coastal & Marine Sciences will expand the Virginia Inst[...]
Watch this space
To understand office vacancy rates in Northern Virginia, Art Greenberg, the Washington, D.C.-based vice chairman for tenant advisory firm Savills Inc., employs the turkey sandwich test. In short, he explains, today’s workers want an office building where they can walk a block or two and find a half-dozen places to get a turkey[...]
North Anna gets federal OK to operate through 2060
The Nuclear Regulatory Commission has approved 20-year extensions for North Anna Power Station’s two nuclear reactors, allowing them to operate through 2058 and 2060, Dominion Energy announced Wednesday. The two reactors in Louisa County were originally licensed to operate for 40 years, beginning in 1978 and 1980, and in 2[...]
