Coffee roaster to invest $29M to expand Suffolk facility
Massimo Zanetti Beverage USA expansion expected to create 79 jobs
Massimo Zanetti Beverage USA, the North American operating unit of the Italian coffee roaster Zanetti Beverage Group, will invest $29.1 million to consolidate and expand operations at its Suffolk roasting facility, a project expected to create 79 jobs, Gov. Glenn Youngkin announced Monday. “Massimo Zanetti Beverage USA’s continued expansion in Virginia speaks volumes about the
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Va. Beach native to lead Navy Region Mid-Atlantic
Change of command scheduled Thursday
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The next commander of Navy Region Mid-Atlantic is a former naval flight officer and Virginia Beach native. Rear Adm. Christopher “Scotty” Gray will take over for Rear Adm. Charles “Chip” Rock during a change of command ceremony scheduled at Naval Station Norfolk Thursday. Rock, who has commanded a region overseeing 14 naval installations and nearly
Williamsburg apartments sell for $100M
Bonaventure sells Bend Arbordale complex
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Alexandria-based real estate company Bonaventure has sold The Bend Arbordale apartments in Williamsburg for $100 million. Bonaventure sold the 289-unit apartment complex to Illinois-based The Inland Real Estate Group, Bonventure announced Friday. Located at 401 Bulifants Blvd., the community has two- and three-bedroom apartments with private balconies or patios. It has a swimming pool, fitness
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Valiant awarded $255M Air Force contract
Contractor to provide services to allied nations' air forces
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Valiant Integrated Services LLC, a Herndon-based government contractor, has been awarded a 10-year, $255 million contract by the U.S. Air Force to provide F-16 international aircraft maintenance and pilot training to U.S. partner nation air forces, the company announced Thursday. The indefinite-delivery/indefinite-quantity contract consists of 100% foreign military sales and enables the company to provide
Roanoke business center sells for $6.8M
Property was 92% leased at time of sale
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Century Business Center in Roanoke has sold for $6.8 million, Cushman & Wakefield | Thalhimer announced this week. ABMAR Century Business Center LLC, a regional investment group purchased the 52,306-square-foot multitenant flex-office building from Planta LLC. The property was 92% leased at the time of the sale. Price Gutshall and Wyatt Poats of Cushman &
Sentara taps new president and CEO
Dennis Matheis to take over Sept. 1
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Sentara Healthcare has named Dennis Matheis to succeed Howard Kern as president and CEO, Sentara announced Friday. Kern announced his retirement earlier this year after spending more than 40 years at the Norfolk-based health care system. Matheis will take the helm on Sept. 1. He has served as president of Sentara Health Plans and executive
Va. median home sales price breaches $400k for first time
Median sales price in May was $401,082
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The statewide median sales price for a home in May rose above $400,000 for the first time, according to the Virginia Realtors’ May 2022 Virginia Home Sales Report. The median price was $401,082, up 8.7% and more than $32,000 from a year ago. In total, 13,048 homes sold in Virginia in May, an 8.5% decrease
Mars Inc. names new CEO
McLean-based M&M's maker reports $45B in revenue
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McLean-based Mars Inc. will have a new CEO in September and the news comes at a time when the privately held global candy and pet food manufacturer is experiencing major growth. Grant F. Reid, who has served as CEO of Mars since 2014, will step down in September, with plans to fully retire by the
Corsicana Mattress Co. closing Chesterfield plant in Aug.
54 employees will lose jobs
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Chesterfield County’s former Symbol mattress production plant will close in August, laying off 54 employees, owner Corsicana Mattress Co. announced Thursday. Production will be absorbed into the company’s plants in Connecticut and North Carolina. “It appears that this location is a victim of both a competitive realignment and lower product demand,” Garrett Hart, director of
Hanley Energy to add 343 jobs in Ashburn
Irish energy management company launching $8M expansion
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Irish energy management company Hanley Energy will invest $8 million to expand its Hanley Energy Electrical division in Loudoun County, a project expected to create 343 jobs, Gov. Glenn Youngkin announced Thursday. Hanley Energy will open a facility at 44381 Russell Branch Parkway to serve the data center market in Ashburn with equipment installation and
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Capital Square promotes asset management execs
Chris Hirth, Jerad Nielsen climb ladder
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Henrico-based real estate investment firm Capital Square has promoted Chris Hirth to senior vice president of asset management and Jerad Nielsen to vice president of asset management, the company announced Tuesday. Hirth joined the firm in 2016 as an asset manager and is responsible for oversight of Capital Square’s portfolio of apartment properties throughout the
Henrico Doctors’ Hospital names new chief medical officer
Dr. Ajit Singh previously oversaw care at Johnston-Willis Hospital
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Dr. Ajit Singh is the new chief medical officer of Henrico Doctors’ Hospital, HCA Virginia Health System announced Wednesday. Henrico Doctors’ Hospital encompasses the Forest, Parham and Retreat campuses. “Ajit values teamwork and is passionate about providing best-in-class care to our patients,” Henrico Doctors’ Hospital CEO Ryan Jensen said in a statement. “We are fortunate
Hampton Roads Community Foundation elects new chair
Attorney Sharon Goodwyn is first Black woman to be chair
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The Hampton Roads Community Foundation Board of Directors elected Sharon Goodwyn as chair, the foundation announced last week. An attorney at Hunton Andrews Kurth LLP, Goodwyn is the first African American and the first woman to serve as chair of the foundation, which was established in 1950. She served as vice chair of the board
Amyx CFO to retire; new CFO named
Rosalind Kadasi to retire July 1
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Reston-based federal contractor Amyx Inc. has announced its chief financial officer Rosalind Kadasi will retire on July 1 and Ryan Marsden, her successor, will join the company June 13. Kadasi has been Amyx’s CFO since 2017 but has more than 20 years of executive experience leading finance, accounting and administration for small, medium and large
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The evolving workplace (or what I wish I told my younger self)
Advice from retiring Ernst & Young exec Rich Jeanneret
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In 1983, when I walked through the doors of my first job in Washington, D.C., I could have never anticipated where life would take me — from a young staff accountant to a vice chair at Ernst & Young, advising C-suites and boards, as well as leading thousands of professionals. And now it’s bittersweet to
Interesting times
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History doesn’t repeat itself, but it often rhymes, according to an apt but apocryphal quote frequently misattributed to Mark Twain. We’re certainly seeing that dynamic writ large in the 2020s, though events don’t seem content with reviving just one era. A deadly pandemic has taken millions of lives across the globe. Inflation and mortgage rates
Something phishy
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About seven or eight years ago, I was sitting at my desk one morning when I received an urgent text from my then-boss. She was holding a meeting, according to the text, and needed me to purchase $1,000 in electronic gift cards as a giveaway to the attendees as soon as possible. Needless to say,
Commentary: Adjusting to a new shipping reality
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Ocean shipping patterns established during the first year of the pandemic have taken root, and it’s time for shippers to adjust strategies for the long term. That was the takeaway from the first in-person Trans-Pacific Maritime (TPM) Conference in three years, presented in Long Beach, California, in March by IHS Markit Ltd. (now S&P Global