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FOR THE RECORD June 2024
CENTRAL VIRGINIA Washington, D.C.-based real estate analytics and data company CoStar Group will receive a grant from the City of Richmond worth several million dollars because of the company’s plan to build an office tower expected to generate more than $30 million in new tax revenue. On April 22, Richmond City Council approved an ordinance […]
Landmark Mall redevelopment in the works
Used as a vintage backdrop to film scenes for “Wonder Woman 1984” and anchored by bankrupt retailers like Sears, the Landmark Mall in Alexandria was a relic. Almost two decades ago, the City of Alexandria first began strategizing a redevelopment of the 1960s-era indoor mall, which closed in 2017, but plans for a new 18-hour [...]
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 [...]
George Mason receives $5M donation from Peterson Cos. family
The Peterson Family Foundation, the family behind the Peterson Cos. real estate development firm, donated $5 million to the George Mason University’s Center for the Arts improvement project, the university announced Tuesday. The gift to the university’s College of Visual and Performing Arts will support modernizatio[...]
Dollar Tree to acquire 99 Cents Only stores
Chesapeake-based Fortune 500 discount retailer Dollar Tree has acquired 170 leases of another discount retailer, 99 Cents Only, the company announced Wednesday. The stores are across Arizona, California, Nevada and Texas. In April, Commerce, California-based 99 Cents Only filed for Chapter 11 bankruptcy protection and initiated [...]
Kaufman & Canoles names Williamsburg managing partner
Dustin H. DeVore has been named managing partner of Kaufman & Canoles’ Williamsburg office, effective May 21, the law firm announced. DeVore joined Kaufman & Canoles in 2002 and chairs the firm’s lender representation practice group and the firm’s credit union team. Outside the firm, he serves on the bo[...]
Va. Chamber honors four execs with lifetime achievement awards
The Virginia Chamber of Commerce honored four Virginia business leaders with lifetime achievement awards during a May 16 ceremony at The Jefferson Hotel in Richmond. The honorees were: Carilion Clinic CEO Nancy Howell Agee; Michael Daniels, chairman of the board of CACI International; Benjamin Davenport Jr., chairman of the boar[...]
IALR hires new manufacturing advancement exec
Jason Wells will join the Institute for Advanced Learning and Research as executive vice president of manufacturing advancement on June 3, according to a release from the Danville-based economic development organization. Wells, who has nearly three decades of experience in high-performance manufacturing, replaces Todd Yeatts, a [...]
Capital One, Walmart end credit card agreement
McLean-based Capital One Financial is no longer the exclusive issuer of Walmart consumer credit cards. The two Fortune Global 500 companies announced Friday that they had ended their consumer card agreement. The announcement follows problems first uncovered in late 2022 and early 2023, according to Reuters reporting. Capital One[...]
Foster Fuels wins potential $442M FEMA contract
Brookneal-based fuel delivery provider Foster Fuels has won an up to $442 million contract to provide emergency services to the Federal Emergency Management Agency. Under the five-year Defense Logistics Agency Energy (DLA) contract, which the Defense Department announced May 15 and Foster Fuels announced Tuesday, Foster Fuels wi[...]
