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Real Estate 2025: LUGG, RICK

In January, Lugg became Virginia Realtors’ new head, succeeding Terrie Suit, who retired last fall. Martin Johnson, the organization’s chief external affairs officer, served as interim CEO.

Virginia Realtors represents nearly 35,000 Realtors and is billed as the state’s largest trade association. Lugg joined the organization in 2009 and was most recently its chief financial officer and chief operating officer, after working in management roles at Circuit City. As COO and CFO, Lugg was behind Virginia Realtors’ rebranding and website redesign in 2017, and he helped steward the association during the height of the 2009 financial crisis. He received Virginia Business’ Virginia CFO Award for small nonprofits/government agencies in 2019.

Lugg also was a programmer analyst in the Air Force and earned a bachelor’s degree from Troy University and an MBA from the University of Richmond. He serves as a small business mentor for the Richmond chapter of SCORE.

Virginia Realtors sends out monthly home sales reports for the state. This year, sales have been “sluggish,” according to the association’s May report, although sales prices are still rising.

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Real Estate 2025: LOWHAM, MARK C.

Since 2011, Lowham has led the Washington, D.C., office of the luxury company, where he sells to the rich and famous. In 2025, he was once again named to T3 Sixty’s Swanepoel Power 200 list, a ranking of the country’s top leaders in residential real estate. He is ranked among the top 100 agents at Sotheby’s International Realty worldwide.

As a listing agent for some of the most expensive homes in the Washington, D.C., area, Lowham represented the seller of The Cliffs, a McLean home that went for $25.5 million to a mystery buyer in October 2024. He also sold his own McLean home in March for $6.15 million, down from the original listing price of $7.95 million.

Lowham holds an MBA and a bachelor’s degree in economics from Stanford University. He also serves on the Teach for America D.C. and Virginia Advisory Board.

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Real Estate 2025: SCHOPPMANN, KYLE M.

With more than 20 years of experience in commercial sales strategy, training and professional development, Schoppmann leads six offices in Virginia, Maryland and Washington, D.C. She joined CBRE in 2007 as managing director of brokerage services in New York City, and in 2020, she was promoted to the real estate giant’s mid-Atlantic division.

She also is part of CBRE’s global Executive Inclusion Council, a senior leadership team committed to the company’s diversity, equity and inclusion strategy, and is a founding member of the Washington chapter of Chief, a private professional network for women executives. In 2023, she was featured in Washingtonian magazine’s list of the D.C. region’s most powerful women.

Schoppmann received her bachelor’s in at Duke University and her MBA in finance from the University of Michigan’s Stephen M. Ross School of Business.

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Real Estate 2025: SHRIVER, EVAN

Shriver became Atlantic Constructors’ CEO in 2020, taking over from its founding chief executive, Art Hungerford. Previously, Shriver was executive vice president of operations at the industrial and commercial contractor. In April, ACI was acquired by Texas-based TriplePoint MEP, a major mechanical services provider. In a July article in The CEO Magazine, Shriver noted that the move gives his company the opportunity to grow even faster.

ACI announced in February plans to build a $25 million fabrication plant next to the company’s Chesterfield headquarters. ACI has been part of major projects for Microsoft, Virginia Commonwealth University and VCU Health, as well as the restoration of Richmond’s Altria Theater.

A mechanical engineering graduate from Virginia Tech, Shriver also earned an MBA at James Madison University. Before joining ACI in 2013 as a project management director, he was a senior project manager at H.T. Lyons, Riddleberger Brothers and Comfort Systems USA.

Outside of work, Shriver is a board member of Communities in Schools of Chesterfield and serves as its community partnerships chair.

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Real Estate 2025: MacMILLAN-WHITAKER, DONNA

As the development partner to Virginia Beach-raised music and fashion superstar Pharrell Williams, MacMillan-Whitaker has been in the news most recently for the $350 million Atlantic Park project near the Oceanfront, the largest public- private partnership in Virginia Beach’s history.

The Dome, Atlantic Park’s 3,500-seat concert venue, opened in May with a full slate of concerts, and its long- awaited Wavegarden Cove surf facility, Atlantic Park Surf, was filled with water in June. The project is expected to include 100,000 square feet of restaurants and retail, 10,000 square feet of office space, 20 surf bungalows and 300 apartments.

MacMillan-Whitaker founded Services, which merged with Ellis-Gibson Development Group in 2016 to form Venture Realty. She has worked in the commercial retail industry since 1985, representing national retailers in the mid-Atlantic region, and was one of the organizers of Williams’ initial Something in the Water music festival held in 2019 in Virginia Beach.

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Real Estate 2025: ALLOY, STEVEN B.

The son of Stanley Martin co-founder Martin Alloy, Steve Alloy has been with the Fairfax County homebuilder since 1991, becoming president in 1998. In 2017, the company was sold for $251 million to Daiwa House Group, Japan’s largest and development company, and houses several affiliates — including First Heritage Mortgage, First Excel Title, Stanley-Martin Custom Homes and Stanley Martin Renovations, which employ more than 1,000 people and generate more than $2 billion in annual revenue.

Founded in 1966, Stanley Martin is one of the Washington, D.C., area’s largest homebuilding companies and has constructed more than 20,000 homes in 17 metropolitan areas in seven states.

In addition to leading Stanley Martin, Alloy is co-founder of Duball, a Maryland-based real estate development company he started in 2004.

A graduate of the University of Pennsylvania and its Wharton School, Alloy has been involved with HomeAid America’s Washington-area chapter and Northern Virginia Family Services, and is a former president of the Northern Virginia Building Industry Association.

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Real Estate 2025: MALONE, MATT

After making 12 acquisitions in 2024 and expanding into Canada and the West Coast, Groundworks named a new president, chief technology officer and chief operating officer this year. In March, Malone noted that 2024 was “transformational for Groundworks,” a water management and foundation solutions company. Founded in 2016, the Virginia Beach company has been named eight years in a row to the Inc. 5000 list of the nation’s fastest- growing privately held companies and has 6,200 employees and 78 offices in North America.

The company provides residential foundation and water management solutions, including foundation repair, basement waterproofing, crawl space repair and encapsulation, plumbing, gutter installation and concrete lifting services, and soil stabilizing solutions for residential and commercial projects.

Malone also is the managing partner of private equity firm Succession Capital Partners, which he founded in 2009. A Rotary International Ambassadorial scholar, he has a master’s degree from the Adam Smith Business School at Scotland’s University of Glasgow and a bachelor’s from Hampden-Sydney College.

In 2023, he received an Ernst & Young Entrepreneur of the Year Mid-Atlantic Award.

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Real Estate 2025: SWAAK, DERRICK

A licensed broker in Virginia, Maryland and Washington, D.C., Swaak is co-chief operating officer, partner and managing broker

for TTR Sotheby’s International Realty, which he joined in 2007 as a partner. The firm has handled some of the most expensive residential sales in the Washington, D.C., area, including the Fairfax County home purchased by the former owners of the Washington Commanders, Dan and Tanya Snyder. Last year, the River View estate was put on the market for $60 million, and as of July, it was still listed for sale.

Former vice president of national sales at New Jersey’s Realogy, Swaak also worked in hotel development and franchise sales.

In 2021, Swaak served as board president for the Northern Virginia Association of Realtors, and in 2022, he was named NVAR Realtor of the Year. He also sits on the boards of Virginia Realtors and Bright MLS, for which he is an executive committee member. Swaak received his bachelor’s degree in hotel administration and an MBA in finance from Cornell University.

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Real Estate 2025: BECHTEL, BRENDAN

Serving as CEO since 2016 and chairman since 2017, Bechtel is the fifth generation to lead his family-owned global engineering, and project management company. Ranked the nation’s second largest construction company by Engineering News-Record in 2025, Bechtel Corp. has completed more than 25, 000 projects in 160 countries since its 1898 founding.

The firm’s portfolio includes massive infrastructure and industrial projects across the world, including the Ankara-Gerede highway in Turkey. Bechtel also was part of the team behind the 85-station, six-line Riyadh Metro network in Saudia Arabia, the first phase of which opened in November 2024.

Intel announced in March that it has delayed construction of its $28 billion semiconductor manufacturing project in Ohio, for which Bechtel is contracted to build 2. 5 million square feet. Formerly expected to be finished this year, the new due date is 2030. In July, Bechtel announced its appointment as project management consultant for the 2030 World Expo in Riyadh, Saudi Arabia, a six-month event expected to draw 42 million visitors. The company will oversee infrastructure delivery and the transformation of the expo site into an urban development after the event.

Bechtel sits alongside heavy hitters like Apple CEO Tim Cook and JPMorganChase Chairman and CEO Jamie Dimon on the powerful board of the Business Roundtable, the association of the nation’s top CEOs. The other Virginians on the Business Roundtable’s board of directors are Huntington Ingalls Industries President and CEO Christopher D. Kastner and Hilton Worldwide Holdings CEO Christopher J. Nassetta.

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Real Estate 2025: STONE JR., DONALD E.

Bringing more than 25 years of engineering and industry experience, including 10 years of corporate operational leadership, Stone joined Dewberry in 2008 as the company’s chief operating officer. In 2010, he became CEO.

Stone came to Dewberry from O’Brien & Gere, where he held several corporate leadership positions. Dewberry has more than 2,500 employees in 60 locations. In 2024, the company reported $683.12 million in revenue. Earlier this year, Dewberry announced new presidents of its engineering, consulting and program delivery practices, as well as a new chief operating officer.

In February, the U.S. Supreme Court overturned a Virginia judge’s $43 million award to Dewberry Engineers (Dewberry), which sued rival Dewberry Group over the use of its trademarked name, ruling that Dewberry Engineers could not financially benefit from affiliates of Dewberry Group that weren’t named as defendants.

A water/wastewater engineer with technical expertise in design-build programs, Stone is a licensed professional engineer in 18 states and Washington, D.C., and a member of the Society of American Military Engineers.

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