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Gordon Robertson tapped as Regent University chancellor
Gordon Robertson, son of the late televangelist Pat Robertson, succeeded his father this week as chancellor of Virginia Beach-based Regent University, a nationally prominent Christian conservative private university founded by the elder Robertson. Robertson will continue to serve as president and CEO of CBN and president of Oper[...]
Cloud, cyber company to establish HQ in Loudoun
Fortreum LLC, a cloud-computing and cybersecurity firm, is establishing its headquarters in Loudoun County and creating 53 jobs, Gov. Glenn Youngkin announced Thursday. The company, launched in 2021, provides cybersecurity and cloud support with an emphasis on regulatory compliance and technical validations, for businesses operating in the public and private sectors. Fortreum expects to invest […][...]
March of Dimes names new president and CEO
When she starts her new job as president and CEO on July 17, Dr. Elizabeth Cherot will be the first physician to head up the March of Dimes, the 85-year-old, Arlington County-based women’s and infant’s health nonprofit founded by U.S. President Franklin D. Roosevelt. Cherot joined March of Dimes in January as senior [...]
Five Guys moving HQ to Alexandria
Five Guys Enterprises LLC is moving its corporate headquarters from southern Fairfax County to Alexandria this month, a spokesperson confirmed Friday. The new main office for the family-owned hamburger chain will be in leased space at 1940 Duke St., starting July 17. Friday was the company’s last day at its Lorton headquar[...]
MicroStrategy buys $347M more bitcoin in Q2
MicroStrategy Inc. and its subsidiaries purchased about $347 million worth of bitcoin — approximately 12,333 units — from April 29 to June 27, according to the Tysons-based tech company’s June 28 filing with the U.S. Securities and Exchange Commission. Believed to be the world’s largest publicly traded corporate holder of bitcoin, MicroStrategy and its subsidiaries […]
Richmond riverfront amphitheater gets green light
Construction could begin this summer on a $30 million, 7,500-person amphitheater overlooking the James River. On June 12, Richmond City Council approved a 20-year performance grant that gives Red Light Ventures LLC the green light to build its proposed amphitheater on four acres of land it will rent from NewMarket Corp. behind t[...]
Norfolk purchases struggling MacArthur Center
In early June, Norfolk City Council members approved plans for the city to purchase the struggling MacArthur Center downtown mall for up to $18 million. The 23-acre mall is owned by Wells Fargo & Co., which holds the mall following a loan default by MacArthur Center’s previous owner, Connecticut-based Starwood Property[...]
Not by coincidence
Norfolk Mayor Kenneth Cooper Alexander has a vision for his city that includes increasing revenue without creating additional taxes for residents. His focuses in achieving that goal include tourism, hospitality and entertainment — familiar parts of neighboring Virginia Beach’s economy. However, unlike Virginia Beach, he[...]
Luxury RV park sets sights on Danville
Danville visitors could soon be setting up camp at the area’s first luxury RV park if City Council approves a special use permit for The Palace Resort, a project that could generate $1.3 million in annual city tax revenue. The matter was set to go before Danville City Council on June 20, following the planning […]
FloydFest cancelation causes economic ripples
FloydFest, a five-day celebration showcasing more than 100 performers, has had an annual regional economic impact of about $4 million since its 2002 founding, according to festival organizers. Even so, county officials and local business owners seem to be taking a “c’est la vie” attitude to the cancelation in April of [...]
Arlington residents sue over ‘missing middle’ zoning
Ten Arlington County residents filed a lawsuit against the county in April that claims Arlington’s new “missing middle” zoning ordinance was passed in March without proper notice and violates Virginia law. “Missing middle” refers to the range of options that fall between affordable housing and single-family homes, [...]
Nurse training partnership to help with instructor shortages
Shenandoah University, Valley Health and the Virginia Hospital & Healthcare Association have teamed up to tackle the Shenandoah Valley region’s nursing shortage by creating a program that can be replicated statewide. Called NextGen Nurses, the program will use semi-retired and retiring nurses as preceptors — experien[...]
