Report: Washington Football Team probe recommends Snyder divest ownership
Parts of report leaked to "The Sports Junkies" radio show
“The Sports Junkies,” a Washington, D.C.-based sports radio show, reported Friday that an attorney investigating the Washington Football Team has recommended majority owner Daniel Snyder divest his ownership of the NFL team. The show’s hosts at WJFK 106.7 FM The Fan said they received parts of a report written by Beth Wilkinson, the lawyer conducting
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Chesapeake office building sells for $7.5M
The Runnymede Corp. purchases Crossways Commerce Center IV
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Virginia Beach-based property management company The Runnymede Corp. purchased Chesapeake office building Crossways Commerce Center IV for $7.5 million on Feb. 8. Located at 1408 Stephanie Way, the 51,209-square-foot building was purchased from Washington, D.C.-based real estate investment company DSC Partners. The flex building is 91% occupied by Leidos Holdings Inc. and 9% occupied by
Chester strip mall sold for $6M
N.C. company buys The Shoppes at River Forest
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Chester’s The Shoppes at River Forest, a 30,720-square-foot strip mall anchored by a Wal-Mart, was purchased on Feb. 26 for $6 million. Raleigh, North Carolina-based PGP River Forest purchased the property from Bogese Cos., a Richmond-based real estate development group. At the time of the sale, the center was 82% leased to tenants that include
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Ministry buys Chesterfield building for $1.2M
Mountain Movers Ministry to relocate
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Chesterfield County-based Mountain Movers Ministry has purchased a building near the intersection of Hull Street and Courthouse roads for $1.175 million. The ministry will relocate to 3300 Old Courthouse Road and occupy the entirety of the 8,942-square-foot building. The property is situated on 7 acres. Gray Bryant, an associate with Colliers International Virginia, represented the
General Dynamics wins $99M FAA contract
Reston contractor to provide radio receivers
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The Federal Aviation Administration (FAA) has awarded Reston-based Fortune 100 defense contractor General Dynamics Corp. a $99 million contract to provide URC-300E transceivers as part of its Emergency Transceiver Replacement (ETR) program, the company announced Thursday. The program replaces current legacy radios with very high frequency (VHF) and ultra high frequency (UHF) radios for civil
Northrop Grumman wins $84.5M NASA contract
Falls Church company to provide products, support for Mars mission
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NASA announced Thursday it has awarded an $84.5 million contract to Falls Church-based Fortune 500 defense contractor Northrop Grumman Corp. to provide propulsion support and products for spaceflight missions. Under the Mars Ascent Propulsion System (MAPS) contract, Northrop Grumman will provide support and products at the agency’s Marshall Space Flight Center in Huntsville, Alabama. The
U.Va. gets $5M gift to establish scholarship for PVCC students
25 recipients to be chosen per year
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An anonymous $5 million gift to the University of Virginia will be used to provide scholarships to Piedmont Virginia Community College students who wish to transfer to the university, U.Va. President Jim Ryan announced Friday. The endowed fund will provide scholarships to PVCC students who have been selected as U.Va. University Achievement Award recipients. The
Virginia Tech to lead DoD’s new Acquisition Innovation and Research Center
Center to focus on acquisition system efficiency
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The U.S. Department of Defense has selected Virginia Tech as one of three schools to lead its new Acquisition Innovation and Research Center (AIRC). The AIRC is funded by the DoD and directed by the Office of the Undersecretary of Defense for Acquisition and Sustainment. The goal of the center (which also includes the New
Norfolk’s MacArthur Center may meet the wrecking ball
City considers mall’s future
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Downtown Norfolk’s MacArthur Center, a 140-store mall that opened in 1999, may have a future date with a wrecking ball. According to a newsletter released March 2 by Norfolk’s economic development department, a complete teardown of the 1.1 million-square-foot structure is one of three possibilities envisioned for MacArthur Center’s future by the city, which does
Huntington Ingalls names new executive VP
Kari Wilkinson to replace Brian Cuccias
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Newport News-based Huntington Ingalls Industries announced Friday its board of directors has elected Kari Wilkinson to serve as executive vice president of HII and president of HII’s Ingalls Shipbuilding division, effective April 1. She will succeed Brian Cuccias, who announced his April 1 retirement. Cuccias took on his role in 2014, and before that had
Lawmakers amend Virginia Human Rights Act, kill workplace harassment bills
Domestic employees and workers with disabilities receive more protections
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RICHMOND, Va. — The Virginia General Assembly passed several bills this session expanding employment protections for people with disabilities and domestic workers but killed a pair of workplace harassment bills. Five bills were introduced during the 2021 session to amend the Virginia Human Rights Act. Three passed the General Assembly. The Virginia Human Rights Act
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Avantus Federal names new board member
Former Engility CEO Lynn Dugle joins McLean defense contractor's board
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Avantus Federal, a McLean-based IT defense contractor, announced Tuesday it has appointed former Engility CEO Lynn Dugle to its board of directors. Dugle was chairman and CEO of Chantilly-based Engility before its 2019 acquisition by Reston-based Science Applications International Corp. During her career, she also served in several executive leadership positions with Raytheon. Dugle earned
Capital Square names chief technology officer
Jeffrey Blount to expand Henrico real estate company's tech rollout
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Henrico County-based real estate investment company Capital Square announced Tuesday that Jeffrey Blount has been named the company’s chief technology officer. Prior to joining Capital Square, Blount served as virtual chief information officer at Glen Allen-based office IT services and equipment supplier Cobb Technologies. “Jeff, who built Capital Square’s technology systems from the ground up
Va. Tech Transportation Institute director to step down
Tom Dingus to return to faculty after 25 years in position
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Tom Dingus, the director of the Virginia Tech Transportation Institute (VTTI) for the past 25 years, will step down from his position and return to the faculty, the university announced Monday. The endowed professor has been a driver safety researcher for the past 35 years and has had a keen focus on autonomous technologies for
Capital One taps new board members from Facebook, Nike
Ime Archibong and Craig Williams appointed to join McLean-based bank's board
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McLean-based Capital One Financial Corp. announced Tuesday the addition of two new members to its board of directors: Ime Archibong, head of new product experimentation at Facebook Inc., and Craig Williams, president of Jordan Brand at Nike Inc. Archibong and Williams have been appointed to fill two new seats on the board, and will stand
Opinion
35 years of storytelling
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My favorite day every month comes when a new issue of Virginia Business lands on my desk. Each magazine tracks emerging economic trends and the ongoing evolution of business leadership in the commonwealth. But for me, the impact is much more than just a good read about important business topics. Each issue of this magazine
The Mailroom: Day of reckoning
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In December, Virginia Business kindly published my letter calling for bipartisan cooperation to seek solutions to key issues facing the commonwealth — COVID, preparing our future workforce, universal broadband and providing better public safety services. I also said business leaders must demand that those seeking political office in 2021 should articulate how they will rise
A moment for change
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Growing up in 1960s and ’70s Virginia, racism was always present, in forms direct and subtle. Each experience carried a message: to “know your place” and stay there. During my years as a student at Dinwiddie County High School, I remember being in the crowd when we hosted majority-Black Petersburg High School for a football
5 ways Va. can put people back to work and transform higher education
Common-sense policy reforms and investments in community colleges will support economic recovery efforts
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It’s tempting these days to believe that once COVID-19 is contained, the U.S. economy will bounce back quickly, replenishing jobs and incomes lost in the pandemic. Yet there are early warning signs that when the labor market fully reopens, some high-demand jobs may be hard to fill even with millions of Americans looking for work.