Norfolk’s MacArthur Center mall listed for sale
JLL is marketing the downtown mall
Downtown Norfolk’s struggling mall, MacArthur Center, is officially on the market. A listing from real estate company JLL describes the 23-acre property as “a compelling redevelopment opportunity.” The listing encourages
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Petersburg casino bill moves to Senate committee
Measure would prevent second Richmond referendum
Published
A Virginia State Senate bill that would allow Petersburg residents to vote on allowing a casino in their city is still in play, following a 7-2 vote by the Senate
Manassas company to develop short takeoff, landing aircraft for Air Force
Electra developing $85M prototype that can operate in soccer field-sized spaces
Published
Manassas-based aerospace company Electra.aero Inc. has received a Strategic Funding Increase award from the U.S. Air Force’s AFWERX arm that secures up to $85 million for development of a prototype
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Reston contractor lands $235M extension for Iraq base support
Acuity International contract with Air Force extends into 2024
Published
A subsidiary of Reston-based federal contractor Acuity International LLC won a $235.6 million U.S. Air Force contract modification to provide base support and security services for the Iraq F-16 program,
Rocket Lab launches first mission from U.S. soil
HawkEye 360 satellites launched from NASA Wallops facility in Accomack
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After more than a month’s delay, Rocket Lab USA’s first launch from U.S. soil at NASA’s Wallops Flight Facility in Accomack County blasted off Tuesday evening. The mission, “Virginia is
Framatome CEO retiring; CFO to be promoted
Katherine Williams to become CEO of Lynchburg nuclear company in July
Published
Framatome Inc. President and CEO Gary Mignogna will retire July 1, and Chief Financial Officer Katherine Williams will succeed him, the Lynchburg-based nuclear reactor and fuel company announced Tuesday. Mignogna
Dollar Tree CEO resigning; former Dollar General CEO to replace him
Rick Dreiling to become CEO on Jan. 29
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Dollar Tree Inc. CEO Mike Witynski will leave the Chesapeake-based Fortune 500 discount retailer and its board effective Jan. 29, with Executive Chairman Rick Dreiling becoming the next CEO, the
Leidos wins $1.5B Social Security Administration contracts
Reston contractor will provide IT services
Published
Leidos Inc. won two Social Security Administration IT task orders with a combined potential value of $1.5 billion, the Reston-based Fortune 500 contractor announced Monday. The task orders fall under
Rivers Casino Portsmouth opens to big crowds
Thousands flocked to Va.'s first permanent casino Monday
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When Rivers Casino Portsmouth opened its doors Monday, Christopher Hoffman was among the thousands of patrons attending opening day at the first permanent casino to open in Virginia. A Hampton
Navy awards Boeing subsidiary $463M contract
Argon ST will provide manned, unmanned aircraft tech
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Fairfax-based Argon ST Inc. has received a $463 million Navy contract to procure and produce sensor components for fielding in manned and unmanned aircraft, the Pentagon announced Friday. Argon ST
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Va. Bar Association installs 2023 president
Benjamin D. Leigh is principal with Troxell Leigh PC
Published
Benjamin D. Leigh became the 2023 president of the Virginia Bar Association on Jan. 22, the Richmond-based professional association announced Thursday. With a practice focused on real estate, Leigh is
Atlantic Union Bank names CIO
Matt Linderman was chief technology officer for PNC
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Matt Linderman is Atlantic Union Bank’s new chief information officer, the bank’s Richmond-based holding company, Atlantic Union Bankshares Corp., announced Friday. Linderman was previously the chief technology officer of PNC
HII names new exec VP, CIO
Chris Soong promotion effective April 1
Published
Newport News-based Huntington Ingalls Industries has promoted Chris Soong to executive vice president and chief information officer, the Fortune 500 federal contractor announced Tuesday. Soong’s promotion is effective April 1.
Charlottesville chamber CEO to step down
Elizabeth Cromwell to leave Feb. 17
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Charlottesville Regional Chamber of Commerce President and CEO Elizabeth Cromwell will step down in February after four years helming the organization, the chamber said Tuesday. Cromwell’s last day is Feb.
Opinion
Tax cuts are the way to grow
State should refund surplus to families, businesses
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Virginia’s finances are in excellent shape, paving the way for the General Assembly to agree with Gov. Glenn Youngkin that it’s time to cut taxes in the commonwealth. It’s your
Reimagining the corporation
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Welcome to the New Year! 2023 is a new one indeed. Business as usual isn’t so usual anymore. Tech companies are downsizing faster than local daily newspapers. Starbucks baristas are
Business is better
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Over the past several months, there’s been a bit of a buzz about the direction of the global economy. In conversation, many business leaders will express deep concerns about inflation
Getting meta
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Twenty years ago, artificial intelligence seemed like the stuff of sci-fi films such as “2001: A Space Odyssey” and “The Matrix.” Today, it’s so ubiquitous as to be virtually unremarkable