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West Falls Church on track for $1.2 billion transformation
Developers are expected to break ground this month on the first of three mixed-use projects near the West Falls Church Metro station with a total investment of about $1.2 billion. Each piece comes together to complete a puzzle that will transform about 40 acres of vacant land, parking lots and Virginia Tech’s Northern Virginia[...]
Tilting toward windmills
Siemens Gamesa Renewable Energy S.A.’s October 2021 announcement that it will build the nation’s first offshore-wind blade factory at Portsmouth Marine Terminal (PMT) has put Hampton Roads on a trajectory to become a supply chain hub for the country’s nascent offshore-wind energy industry. The Spanish wind turbine company [...]
Carilion Clinic receives $1M gift for education program
An anonymous couple has given Carilion Clinic a $1 million gift to support its employee career advancement program, the Roanoke health system announced Thursday. The Your Efforts, Supported program (YES) will launch later this year, with a goal to assist entry-level health care employees to earn certifications and further their education to meet career goals. […]
FDA moves toward menthol cigarettes ban
The Food and Drug Administration said Thursday that it plans to ban sales of menthol cigarettes, a billion-dollar industry in which Philip Morris USA has a 9.4% market share. Philip Morris USA, a subsidiary of Henrico County-based Altria Group Inc., manufactures Marlboro menthol cigarettes among its other brands, but R.J. Reynol[...]
Martin Agency’s Robinson wins Ad Age CCO of the year
Danny Robinson, The Martin Agency’s chief creative officer, was named Ad Age’s chief creative officer of the year on Thursday, as the publication lauded him for having “revved up the agency’s creative output, turning out great ideas at a quicker pace across multiple categories and brands.” Among Ric[...]
Reinvent Hampton Roads names new president and CEO
The first president and CEO of Reinvent Hampton Roads, Jim Spore, will retire June 15, the regional economic development organization announced Thursday. Nancy L. Grden, executive director of the Hampton Roads Maritime Collaborative for Growth & Innovation (HRMC) and associate vice president of Old Dominion University’[...]
Va. Lottery Board awards first casino license
The Virginia Lottery Board has issued its first license for a casino in Virginia to Hard Rock Bristol, the board announced Wednesday. With its permanent casino still on track to open at the former Bristol Mall in July 2024, Hard Rock International Inc. is preparing to open a 30,000-square-foot temporary casino with 870 gaming sl[...]
Telly Tucker named IALR’s first president
Telly Tucker, Arlington County’s economic development director since 2020, will become the first president of the Institute for Advanced Learning and Research (IALR) on May 31, the Danville-based institute announced Tuesday. Tucker’s return to Danville is a return to his past. The Lynchburg native served as the city&[...]
Something in the Water officially heads to D.C.
Music superstar and Virginia Beach native Pharrell Williams announced Tuesday that his signature three-day music festival, Something in the Water, will be held in June in Washington, D.C., making its departure from Virginia Beach official. Scheduled for June 17-19 on Independence Avenue, the three-day festival includes a long li[...]
Judge dismisses Trigiani lawsuit against New Peoples Bank
A federal judge issued a summary judgment last week, dismissing all claims in former executive Mary Y. Trigiani’s lawsuit against Russell County-based New Peoples Bank for discrimination and wrongful termination. Trigiani’s complaints of a “cultlike office culture” did not hold up to judicial scrutiny, U.[...]
March NoVa home sales down 4.9% from 2021
Northern Virginia saw fewer home sales last month compared with March 2021 due to low inventory and higher rates, according to a Northern Virginia Association of Realtors report published Friday. The market saw a 4.9% decline in home sales over March 2021, not far off from the 4.5% drop nationwide. “I expect that rapid price [[...]
Fairfax County retail portfolio sells for $200M
A portfolio of retail buildings in Fairfax County’s Kingstowne community has sold for $200 million, Avison Young’s Capital Markets Group announced Thursday. The portfolio has 410,398 combined square feet of retail space anchored by Safeway and Giant supermarkets and includes part of Kingstowne Towne Center and of Kingsto[...]
