Meet SBA’s Va. small biz person of year
IntellecTechs CEO Jeri Prophet honored
Jeri Prophet joined the Navy on a whim. She had been attending Arizona State University, saw a recruiter sign, and headed for the office. “Some people buy new shoes. I joined the Navy,” she recalled. She served 10 years in the Navy, first as a data systems analyst and left as an information systems technician.
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‘Novel’ project will add 275 apartments to Scott’s Addition
Thalhimer Realty Partners contributed land for Richmond development
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Crescent Communities, ParkProperty Capital and Thalhimer Realty Partners are developing a 275-unit apartment community in a joint venture on the border of Richmond’s fast-growing Scott’s Addition neighborhood and the city’s planned Diamond District. Dubbed “Novel Scott’s Addition,” the community will be located at the former Wesco Distribution Site at 2902 North Arthur Ashe Blvd. The
April Va. hotel revenues down slightly from pre-pandemic
Lagging NoVa hotel market drives state numbers down
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Virginia hotel revenues in April were down 3.5% compared with pre-pandemic April 2019 revenues, largely due to the lagging Northern Virginia market, according to data released Wednesday by STR Inc., a division of CoStar Group Inc. that provides market data on the U.S. hospitality industry. Hotel rooms sold decreased by 4.7% last month, compared with
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DXC President/CEO adds chairman to title
Mike Salvino replaces Ian Read as chair
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Mike Salvino, president and CEO of DXC Technology Co., will be adding chairman to his title, the Ashburn-based Fortune 500 IT services company announced Tuesday. Salvino will ascend to his new position following the company’s annual stockholder meeting on July 26. He succeeds former Pfizer Inc. Chairman and CEO Ian C. Read, who is retiring
78-unit apartment complex planned for Petersburg
Construction to start 2023 on first phase
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A 78-unit apartment complex will be developed on a four-acre piece of land recently purchased in Petersburg, Colliers announced Thursday. Thalhimer Realty Partners purchased the High Street Land Development from Monroe Properties for $875,000, according to Colliers. Thalhimer will develop the apartments across two phases: With construction starting in 2023, the first phase will feature
Goodwin House acquires Hermitage Northern Va.
Senior living community has 100 residents
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Not-for-profit senior living and health care organization Goodwin House Inc. has acquired Hermitage Northern Virginia, a senior living community in Alexandria, from Pinnacle Living. The financial terms were not disclosed. Hermitage has 100 residents and more than 100 employees and offers independent living, assisted living and long-term care. It has two residential buildings and a
Capital One to reopen offices in September
McLean company sets hybrid start date for third time
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McLean-based Capital One Financial Corp. will return to U.S. offices in a hybrid model on Sept. 6, CEO Richard Fairbank announced Wednesday. Capital One has delayed planned hybrid reopenings twice, from September 2021 to November 2021, and then indefinitely when the company announced its decision to postpone again in October 2021. “As we get closer
VCU, VCCS to receive $3.5M for transfer student program
Mellon Foundation award continues pathways program
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The Mellon Foundation will award a combined $3.5 million to Virginia Commonwealth University and the Virginia Community College System, VCU announced Tuesday. “We are excited to continue our partnership on the Mellon Pathways Program and build upon the strong history of collaboration between VCU and the Virginia Community College System,” Deborah Noble-Triplett, senior vice provost
Cortland to invest $1B in Arlington apartments
Atlanta real estate company acquires 1,500+ units in Rosslyn, Pentagon City
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Cortland, an Atlanta-based multifamily real estate investment, development and management company, will invest $1 billion in four Arlington apartment communities totaling more than 1,500 units, marking the company’s reentry into the metro Washington, D.C., market. The four properties include the 331-unit Aubrey apartment building — rebranded by Cortland as Cortland Rosslyn — and the 534-unit
UVA Community Credit Union has new president, CEO
Susan Gruber started new position Monday
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UVA Community Credit Union has named Susan M. Gruber as its next president and CEO. Gruber previously served as executive vice president and chief financial officer of Dublin, California-based Patelco Credit Union since 2014, according to a news release. She has also worked as CFO and senior vice president at Jeanne D’Arc Credit Union in Lowell,
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Gilbert Bland to receive Civic Leadership Institute award
Urban League of Hampton Roads CEO will receive award in November
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Urban League of Hampton Roads President and CEO Gilbert T. Bland will receive the Civic Leadership Institute’s 2022 Individual Darden Award, the Norfolk-based nonprofit organization announced Thursday. “Over the last three decades, I have joined with many to build upon the efforts of countless, often unsung, past leaders to help improve the lives and build
Va. Food Industry Association taps new exec director
Melissa Assalone was Northam's deputy legislative director
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Melissa Assalone is the Virginia Food Industry Association’s new executive director, the Richmond-based association announced Wednesday. Assalone, who previously served as deputy legislative director in Gov. Ralph Northam’s administration, assumed the role on Monday. She succeeds Parker Slaybaugh, who is now Virginia’s chief deputy secretary of agriculture and forestry. “Melissa is a dynamic and capable
GMU appoints dean for health, human services college
Melissa J. Perry to start August 1
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George Mason University’s College of Health and Human Services has named epidemiologist Melissa J. Perry as its new dean. Perry has chaired The George Washington University’s Department of Environmental and Occupational Health since 2011. She is expected to start her new position August 1 after completing a Fulbright fellowship in Albania, GMU said in a
Iridium taps Boeing exec for board
Kay Sears is general manager of Boeing Defense, Space and Security
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McLean-based satellite network operator Iridium Communications Inc. announced that Boeing executive Kay Sears has been elected to its board of directors. “We are fortunate to have such an accomplished executive with a keen understanding of our industry join our Board of Directors,” Iridium CEO Matt Desch said in a statement. “Kay has a finger on
Opinion
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
Sound investments
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Let’s simply call it a magazine publisher’s reality check. When news reports of supply chain disruptions and record backups at West Coast ports began to appear last year, I immediately thought, “What’s going on at the Port of Virginia?” When I leave downtown Norfolk, it is almost always via the Midtown Tunnel. Emerging from the
Rising to the challenges
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Last summer, as I was eating dinner at a Norfolk bar with a group of my Lead Virginia classmates from far Southwest Virginia, one of them asked what decision makers in Richmond thought about their region. “Most of them don’t think about it at all,” I replied bluntly and not a little sadly. During my