CNU President Paul Trible to retire in August
Will remain as chancellor through 2022-23 academic year
Christopher Newport University President Paul S. Trible Jr. announced Friday he plans to retire as president next August. He will then serve as chancellor for the next academic year, and Adelia Thompson, university’s chief of staff and acting CEO, will be CNU’s interim president. Trible, a former U.S. senator and member of the House of
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2 Va. companies land spots on $151M Navy IT contract
Norfolk-based Chitra Productions and Fairfax's AttainX Inc. to participate
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Two Virginia companies have landed spots on a $151 million contract to provide full IT lifecycle support to the Naval Facilities Engineering Systems Command’s core facilities, management, construction management and installation management systems. Norfolk-based Chitra Productions LLC and Fairfax-based AttainX Inc. will both do work alongside three other companies in Atlanta, Kansas and Ohio, the
8 Va. companies land spots on $42B Air Force contract
55 firms are on the 11-year contract
Published
Eight Virginia companies have landed spots on a $46 billion contract with the U.S. Air Force Eglin Wide Agile Acquisition contract, with awards averaging about $835 million per company. The Air Force awarded spots to 55 firms, according to a Department of Defense announcement this week. The contract provides for work in digital engineering and
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Primis Bank selling minority interest back to Southern Trust Mortgage
The transaction is expected to close in the fourth quarter
Published
Glen Allen-based Primis Bank, a wholly-owned subsidiary of McLean-based Primis Financial Corp., entered into an agreement to sell its minority interest back to Virginia Beach-based Southern Trust Mortgage LLC (STM), it announced Thursday. Primis Financial Corp. expects to record a pre-tax charge of about $2.9 million in the third quarter. STM will repurchase all of
1.9M-square-foot industrial park being built in Stafford
The Peterson Cos., JLL collaborating on Northern Virginia Gateway
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The Fairfax-based Peterson Cos. is building a 1.9 million-square-foot development in a 270-acre industrial park in Stafford County, and JLL will oversee the leasing, the companies announced Friday. Northern Virginia Gateway, which is expected to be built out within a year, is on Centreport Parkway, off Interstate 95. “Peterson’s initial foray into the metro D.C.
Home sales, price growth to slow in 2022 after rapid 2021 rises
Virginia Realtors predicts home sales up 6.2% in 2021, 0.1% in 2022
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Virginia home sales in 2022 will be down by about a tenth of a percent compared to 2021 sales, according to a forecast report released Friday by Virginia Realtors. In 2021, the report projects a total of about 148,600 home sales in Virginia, up 6.2% from 2020. “While home sales activity in 2021 will surpass
U.Va. receives $50M gift for new performing arts center
Charlottesville-area philanthropist Tessa Ader makes major donation
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The University of Virginia announced Friday it has received a $50 million lead gift to build a performing arts center, a donation by Tessa Ader, a prominent Charlottesville-area philanthropist who serves on the Fralin Museum of Art advisory board at U.Va. “My late husband, Richard, and I long felt that a state-of-the-art performing arts center
Thomas Nelson Community College renamed Va. Peninsula
School is fourth VCCS college given new name this year
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Thomas Nelson Community College, based in Hampton and James City County, will soon be called Virginia Peninsula Community College, the Virginia Community College System’s state board voted Thursday. In February, the college’s local advisory board voted unanimously to change the school’s name, bestowed to honor Thomas Nelson Jr., a signer of the Declaration of Independence
Six Staunton apartment properties sell for $6.3M
The portfolio includes 88 apartments
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Staunton Portfolio LLC has purchased a six-property multifamily portfolio, which includes 88 apartments for $6.3 million, Cushman & Wakefield | Thalhimer announced Wednesday. The portfolio was sold with assumable long-term fixed-rate debt in place. The seller was LSK Properties LLC. The properties are located in Staunton at 1020 Rockaway St., 2407 Bare St., 2501 Hickory
Facebook bringing broadband to Grayson County
Social media giant partnering with Appalachian Power, Gigabeam
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Facebook, Appalachian Power and Gigabeam Networks are partnering to bring faster internet to Grayson County residents, the social media giant announced Thursday. The trio of companies will bring fiber-to-the-home and wireless internet to about 6,000 households in Grayson, a Southwest Virginia county with a population of about 15,000. Gigabeam will begin offering internet service in
Roanoke College president to retire in 2022
Michael C. Maxey has served the longest of any Roanoke College president
Published
Michael C. Maxey, the 11th president of Roanoke College, announced Thursday that he will retire at the end of the academic year. Maxey has been with Roanoke College, located in Salem, since 1985 and has served as president since 2007. He has served the longest of any of the college’s presidents, according to a news
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VPM president and CEO elected to PBS board
Jayme Swain will serve a three-year term as a professional director
Published
Jayme Swain, VPM and Virginia Foundation for Public Media president and CEO, was elected to serve a three-year term as a professional director on the Public Broadcasting Service Board, PBS President and CEO Paula Kerger announced Wednesday. Swain oversees VPM, which is a Richmond-based network of PBS and NPR stations across Central Virginia and the
Fahrenheit Advisors adds two managing directors
Mark Vita, John Atkinson have joined Richmond consulting firm
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Richmond-based Fahrenheit Advisors has added two executives to its leadership team. Mark Vita will join the management consulting firm as managing director and will lead the firm’s business advisory and finance and accounting practices. John Atkinson will also be a managing director and lead the firm’s new sales transformation practice. Vita is taking the place
AES promotes investment chair to CFO
Stephen Coughlin will become CFO and an executive vice president Oct. 15
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Arlington-based Fortune 500 energy company The AES Corp. announced Tuesday it had promoted Stephen Coughlin to executive vice president and chief financial officer, effective Oct. 15. Coughlin most recently led AES’ corporate strategy and financial planning groups and served as chair of the company’s investment committee. Before that, he was the CEO of Fluence, AES’
Va. Community Capital names new president and CEO
Amir Kirkwood will follow founding executive director Jane Henderson
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Richmond-based nonprofit Virginia Community Capital (VCC) has hired Amir Kirkwood as its president and CEO, following founding executive director Jane Henderson’s January announcement of her retirement. He will assume the role on Nov. 1. “I am excited about Amir’s choice to join our organization,” Henderson said in a statement. “He brings the talent and market
Opinion
Political Kool-Aid
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Depending on who’s in charge in Dee Cee, plans alternate on what is best for the U.S. economy. The choices are seemingly reduced to tax cuts versus government spending, but things are rarely as they seem. More accurately, these choices are two different sides of the same dollar — or trillions of dollars to be
Virginia Business 3.0
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Welcome to the second annual edition of the Virginia 500. Last year’s inaugural publication, published in the depths of a pandemic-constrained economy, was quite a surprise — in fact, it was the most successful new product launch in the history of Virginia Business. Publishing a directory of the commonwealth’s most powerful and influential leaders fits
Aiming for the max score
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As we assembled this second annual edition of the Virginia 500, I found myself visualizing a dartboard — with 500 darts. In choosing the top 500 Virginia executives and power players in business, higher education and government/politics, several are guaranteed to strike the inner bull’s-eye. I’m certain we can all agree that the leaders of
Closing the digital divide: It’s not optional
America is at a critical, high-stakes inflection point
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With the Senate’s passage of a massive infrastructure bill, there is rare and refreshing bipartisan consensus on the need to close the digital divide, which came into sharp focus during the pandemic. As much of daily life, including work and school, shifted online, underserved communities faced huge obstacles to productivity and success. The sweeping bill