Congratulations to the 2021 Virginia CFO Awards winners!
Watch our video presentation for this year's nominees, finalists and winners
Congratulations to the winners of the 2021 Virginia CFO Awards, honoring the commonwealth’s top nonprofit and companies’ chief financial executives, announced Friday by Virginia Business Editor and Chief Content Officer Richard Foster. Watch the video below for this year’s nominees, finalists and winners in four categories: Small companies (fewer than 100 employees) Large companies (more
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Va. Beach industrial property sells for $3M
Eimskip Logistics located in facility
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A 38,600-square-foot industrial building on 4.34 acres in Virginia Beach has been sold for $3,015,000, Cushman & Wakefield | Thalhimer announced last week. The property at 1424 Baker Road was sold by Baker & Associates LLC to B&D Acquisitions as an investment. Geoffrey W. Poston of Cushman & Wakefield | Thalhimer handled negotiations on the
Henrico County building sold for $2.2M
Set to become VA Cars Inc. dealership
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Brian Scrimpsher purchased a 15,327-square-foot building for $2,225,000 in western Henrico County, which will be used as a VA Cars Inc. dealership, Cushman & Wakefield | Thalhimer announced last week. The property at 7494 W. Broad St. is on 1.1 acres, and it was purchased from Ross Square LLC, with James Ashby IV of Cushman
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East Coast Appliance acquires Norfolk building for $1.4M
Plans to use facility as warehouse
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East Coast Appliance has purchased a 40,000-square-foot building in Norfolk for $1.4 million, which it plans to use as a warehouse, Cushman & Wakefield | Thalhimer announced last week. The property, at 1164 Azalea Garden Road, is on 2.9 acres and was purchased from Richard and Cheryl Hart. Geoffrey W. Poston of Thalhimer handled the
$250K SCHEV grant boosts VCU-ChamberRVA internship initiative
Partnership aims to increase paid internship opportunities
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Virginia Commonwealth University and ChamberRVA hope to expand paid internship opportunities in the Richmond region with the help of a $250,000 grant from the State Council of Higher Education for Virginia, the chamber announced Thursday. In October, the Virginia Chamber Foundation and SCHEV started a public-private partnership, the Virginia Talent and Opportunity Partnership (VTOP), to
Parsons Corp. branch awarded $2.24B MDA contract
Alabama-based Parsons Government Services signs deal
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Centreville-based defense contractor Parsons Corp. has won a potential $2.24 billion contract from the Missile Defense Agency, the Department of Defense announced this week. Huntsville, Alabama-based Parsons Government Services will oversee the project, which starts in July and could run up to January 2029. Work will be performed at Fort Belvoir and other military sites
Leidos subsidiary wins nearly $1B health care contract
Calif.-based QTC Management will provide health services to military reserve members
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A subsidiary company of Reston-based Fortune 500 government contractor Leidos Holdings Inc. won a U.S. Army contract potentially worth nearly $1 billion to provide commercial health services to all U.S. military reserve forces, Leidos announced this week. Leidos acquired QTC Management Inc., which is based in San Dimos, California, in 2016. The $999 million contract
Williamsburg apartment complex sold for $46M
Kushner Cos. picks up 212-unit Spotswood Commons
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New York-based Kushner Cos. has purchased a 212-unit apartment complex in Williamsburg for $46 million, commercial real estate sales corporation Berkadia announced Thursday. Spotswood Commons, located at 100 Glenburnie Road, was sold by Massachusetts-based The Dolben Company Inc. Drew White, senior managing director of Berkadia’s Washington, D.C., office, and Carter Wood, director of Berkadia’s Richmond
Fredericksburg retail center sells for $8.5 million
Carter's Center is anchored by Target
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Commonwealth Self Storage bought a 40,617-square-foot retail center in Fredericksburg for $8.525 million, Cushman & Wakefield | Thalhimer announced Thursday. Carter’s Crossing, located at 27 S. Gateway Drive, was sold by Boosalis Properties, represented by Thalhimer’s Capital Markets Group. Catharine Spangler handled the sale, which closed Wednesday. Carter’s Crossing is a fully-leased retail center with
Va. initial jobless claims rise slightly
Continued claims decrease in filing week of June 12
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Virginia’s new unemployment claims rose slightly last week, while continued jobless claims declined, the Virginia Employment Commission reported Thursday. For the filing week ending June 12, 7,849 people filed initial claims, an increase of 639 from the previous week. Continued claims totaled 44,793 last week, down 5,468 claims from the previous week. This time a
Chesterfield business park portfolio sold for $39.5M
Boulders, Moorefield parks purchased by Miami-based investor
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A Miami-based investor purchased a five-building Chesterfield County office portfolio for $39.5 million, Cushman & Wakefield | Thalhimer announced Wednesday. The Boulders and Moorefield business parks — totaling 414,322 total square feet that is 87% leased to several tenants that include AIG, Accenture and others — were sold by Hertz Investment Groups, represented by Thalhimer’s
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Willcox Savage names new managing partner
Thomas C. Inglima to succeed longtime predecessor Robert L. Dewey
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Thomas C. Inglima, a longtime attorney at Willcox Savage PC in Norfolk, has been named managing partner effective July 1, the law firm announced Thursday. Inglima, who joined Willcox Savage more than 25 years ago and has been a partner since 1999, succeeds Robert L. Dewey, the firm’s managing partner for more than 20 years.
Whitt Clement to become U.Va. rector on July 1
Charlottesville businessman, philanthropist Robert Hardie will be vice rector
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Former Virginia Secretary of Transportation Whitt Clement will start his two-year term as rector for the University of Virginia on July 1. Clement is a longtime former state delegate who is now a special counsel and former partner for the Richmond-based law firm Hunton Andrews Kurth. He will succeed U.Va.’s current rector, James B. Murray
U.Va. names new medical school dean
Dr. Melina R. Kibbe comes from UNC
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The University of Virginia has named Dr. Melina R. Kibbe the next dean of its medical school and chief health affairs officer for UVA Health, the university announced in a news release Wednesday. Kibbe, who starts her new position Sept. 15, is the Colin G. Thomas Jr. Distinguished Professor and chair of the Department of
Norfolk Southern taps new labor relations VP
Jason Morris will succeed retiring Scott Weaver, effective Oct. 1
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Norfolk Southern is promoting Jason Morris to vice president labor relations, the Norfolk-based Fortune 500 railroad corporation announced Monday. Morris, the company’s assistant vice president safety and environmental, will succeed Scott Weaver, who is retiring Oct. 1 from the company after 32 years of service. Morris will report to Annie Adams, executive vice president and
Opinion
Are big tech firms more like nations?
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Roughly two years ago, Facebook announced plans to lead a consortium of companies creating a new digital token currency called Libra. The partners were to include major payment processors Visa, Mastercard, PayPal and Stripe, among others. However, strong opposition from financial regulators around the world led to its shelving. Fast-forward to 2021, as global acceptance
Lessons from COVID-19
With pandemic’s end in sight, what are our takeaways?
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For most of us, March 13 marked the one-year anniversary of our worlds ceasing to operate normally. We remember institutions closing, schools shuttering, and that last day in the office. These pandemic times have compelled me to reflect, learn and remember. I was making ham biscuits for Easter when I heard Merle Haggard’s song, “Are
A supersized lesson
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In late March, the shipping industry almost went sideways. In darkness and buffeted by sandstorm winds, the supersized 1,312-foot Ever Given container ship’s bow snagged a sandbar on a bank of the Suez Canal. Its stern drifted toward the other bank, leaving the ship diagonally blocking one of the world’s busiest waterways. For days, it
Guest opinion: A pandemic game-changer
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Each year, we lament the relative instability of the international shipping industry, analyzing unpredicted challenges and looking for signs of smoother sailing in the months ahead. It goes without saying that 2020 set a new bar for instability across the board. As the COVID-19 pandemic spread and lockdowns were implemented in the United States, importers