Central Virginia
Capital Square promotes two executives
Coates and Ollinger both joined the firm in 2020
Published
Capital Square has promoted Michael Ollinger to senior vice president of construction and development, and Victoria Coates to vice president of acquisition and development, the Henrico County-based real estate investment firm announced Thursday. Both started at Capital Square in 2020, Ollinger as vice president of construction and Coates as acquisitions and development associate. Ollinger oversees
200 townhomes planned for Chesterfield County
Nearly 7 acres sold for $3.8M
Published
Nearly seven acres of land in western Chesterfield County has been sold for $3.8 million in preparation for 200 townhouses to be built in the Westchester Commons area. Westchester Towns Development Co. purchased 6.57 acres of land at 1400 WC Commons Way, from Zaremba Metropolitan Midlothian LLC, Cushman & Wakefield | Thalhimer announced May 16.
Va. Food Industry Association taps new exec director
Melissa Assalone was Northam's deputy legislative director
Published
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
‘Novel’ project will add 275 apartments to Scott’s Addition
Thalhimer Realty Partners contributed land for Richmond development
Published
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
Eastern Virginia
Colonna’s Shipyard promotes three execs
Jordan Webb, Randall Crutchfield and Chris Marsh will assume roles in July
Published
Norfolk-based Colonna’s Shipyard Inc. announced Monday it had promoted three executives to senior management positions, effective in July. CSI has promoted Jordan Webb from vice president of contracts to vice president of shipyard operations; Randall Crutchfield from chief experience officer and executive director of Steel America and Weld America to vice president of industrial operations
Breeden breaks ground on Newport News apartments
$33M project has 176 apartments
Published
The Breeden Co. is breaking ground on a $33 million apartment project in the Huntington Pointe area of Newport News, the Virginia Beach-based real estate firm announced Thursday. Avant, located off Denbigh Boulevard, will have 176 one-, two- and three-bedroom apartments between 672 and 1,517 square feet each. Breeden Construction will serve as the general
Port, Army Corps formalize dredging cost-share agreement
Norfolk Harbor project set to finish in 2024
Published
The Port of Virginia and the U.S. Army Corps of Engineers signed an agreement Friday that formalized their collaboration on the Norfolk Harbor dredging project to deliver the East Coast’s widest and deepest channels by 2024. The Army Corps also will use federal funding to award its first construction contract for the project, which started
255-apartment complex coming to Suffolk
Gallery at Godwin set to open in 2023
Published
The Cathcart Group, a Charlottesville-based real estate developer, is building a 255-unit apartment community in Suffolk planned to open in 2023. The Gallery at Godwin will be on nine acres at 3061 Godwin Blvd. in Suffolk and will have one-, two- and three-bedroom apartments with rents ranging from $1,200 to $1,900. The complex will also
Northern Virginia
Gainwell Technologies hires new client engagement officer
Karen Shields will join Tysons health/human services IT provider
Published
Tysons-based Gainwell Technologies has named Karen Shields as its chief client engagement officer, the health and human services IT provider announced last week. Shields will work in collaboration with Gainwell’s project management team to anticipate and fulfill client needs, according to a news release. She previously served as deputy director for the Center for Medicaid
Fairfax medical building sells for $21M
7-story building is 84% leased
Published
Prosperity Plaza, a medical office building less than a mile from Inova Fairfax Hospital, has been sold for $21 million, Avison Young announced last week. Bethesda, Maryland-based Global Medical REIT purchased the 96,070-square-foot building at 3020 Hamaker Court in Fairfax from the original developer, The Tomares Cos. Built in 1986, Prosperity Plaza is seven stories
Booz Allen Hamilton promotes exec to COO
Kristine Martin Anderson is president of company’s civil sector
Published
McLean-based Fortune 500 global management consultant Booz Allen Hamilton Inc. announced Friday that it had promoted executive Kristine Martin Anderson to chief operating officer, effective June 1. Anderson is currently an executive vice president and president of the firm’s civil sector division. “She has demonstrated the ability to grow and manage technology-first businesses, develop talented
DXC President/CEO adds chairman to title
Mike Salvino replaces Ian Read as chair
Published
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
Roanoke/New River Valley
Va. Tech names 2 engineering department heads
Atkins and Kodambaka to start in July, August
Published
Two departments in Virginia Tech’s College of Engineering will have new leaders beginning this summer, the university announced this week. Suneel Kodambaka has been named head of the Department of Materials Science and Engineering and will start July 1, and Ella Atkins will be head of the Kevin T. Crofton Department of Aerospace starting Aug.
Skanska to construct $69M Va. Tech building
Undergraduate Science Laboratory will be complete in 2024
Published
Virginia Tech’s $69.5 million Undergraduate Science Laboratory Building will be constructed by Skanska and completed by April 2024, the Swedish builder announced Monday. Virginia Tech announced plans for the building in late March, and construction started in April. The 102,000-square-foot building will provide teaching and laboratory space on the university’s Blacksburg campus. It will be
Salem apartment complex sells for $12M
132 units part of sale
Published
A 132-unit apartment complex in Salem has sold for $12 million, Cushman & Wakefield | Thalhimer announced Wednesday. Viewnorth Apartments LLC purchased the property from Northview Apartments LLC on April 29. The buyer plans to upgrade the community, according to a news release about the transaction. The apartments are located at 411 to 515 Yorkshire
Biotech industry seeks push forward
Published
With more than $25 million, nearly all taxpayer money, a collaborative partnership of government, business and nonprofit organizations plans to build an accelerator for biotech startups in the Roanoke Valley. Supporters say the initiative will create 250 jobs through 25 new startups over five years, generating $20 million in annual salaries as 30,000 square feet
Shenandoah Valley
Frederick solar farms move forward
Published
Frederick County is on the verge of seeing its first solar power farms. Three facilities are in the works, with another in the pipeline. That’s not to say Virginia’s northernmost county is exactly embracing fields of solar panels. “Solar farms change the character of the land from rolling fields and animals grazing in pastures to
Forward motion
Front Royal sees port-driven progress
Published
Shenandoah is known for apple blossoms, but something else is popping up this spring in Front Royal: a new 340,000-square-foot warehouse logistics center. About a half-mile from the Virginia Inland Port, the center is one of roughly a dozen projects in the region built by Equus Capital Partners Ltd., a commercial real estate agency based
Bill Buchanan named CEO of BARC Electric Co-op
Scheduled to start May 9
Published
Millboro-based BARC Electric Cooperative has named Bill Buchanan as CEO, replacing Michael Keyser, who left the cooperative in December 2021. Buchanan will take over as CEO effective May 9. Chief Operations Officer Chris Botulinski has been filling in as interim CEO and will return to his role as COO, the cooperative announced Monday. BARC is
Frederick County insulation facility add-on to create 37 jobs
Kingspan Insulation LLC will invest $27M to expand
Published
Atlanta-based Kingspan Insulation LLC will invest $27 million to expand its Frederick County operations, a project expected to create 37 jobs, Gov. Glenn Youngkin announced Wednesday. Kingspan Insulation is a division of Kingspan Group that manufactures energy efficiency and moisture management products for residential and commercial construction. The company will add a 155,000-square-foot manufacturing facility
Southern Virginia
South Hill grant aims to boost business district
Published
South Hill merchants figured out ways to keep business going during the height of the COVID-19 pandemic, introducing Facebook Live videos from downtown stores that helped people shop from home, then pick up their treasures curbside. Sometimes featuring a rescue dog named Duncan, the videos have continued even as restrictions are rolled back. Now, the
Telly Tucker named IALR’s first president
Tucker leaves Arlington to return to Danville
Published
Telly Tucker, Arlington County’s economic development director since 2020, will become the first president of the Institute for Advanced Learning and Research (IALR) on May 31, the Danville-based institute announced Tuesday. Tucker’s return to Danville is a return to his past. The Lynchburg native served as the city’s economic development director before heading to Arlington
Caesars Virginia names Danville casino contractor
Whiting-Turner to build $500M casino
Published
Caesars Virginia has named Baltimore-based Whiting-Turner as the general contractor to build its $500 million resort and casino in Danville, Caesars Entertainment announced Monday. The resort will have a 500-guestroom hotel, a casino with more than 1,400 slot machines and table games, a Caesars sportsbook and a World Series of Poker-branded poker room. It will
AeroFarms plants roots in Cane Creek Centre
Published
AeroFarms won’t harvest the first crops at its new Cane Creek Centre facility until summer, but the company is already expanding. In December 2019, the Newark, New Jersey-based indoor agriculture company announced it would invest $42 million and create 92 jobs in the 136,000-square-foot facility building in the industrial park owned by Danville and Pittsylvania
Southwest Virginia
Counties collaborating on industrial park
Published
In the coming months, the rubble of a demolished furniture factory on a roughly 70-acre property in Chilhowie will be hauled away to make room for an industrial park. Smyth County is teaming up with Bland and Washington counties, forming the Pathway Regional Industrial Facilities Authority to create Pathway Park, which will feature rail service
Va. Lottery Board awards first casino license
Temporary casino in Bristol to open July 8
Published
The Virginia Lottery Board has issued its first license for a casino in Virginia to Hard Rock Bristol, the board announced Wednesday. With its permanent casino still on track to open at the former Bristol Mall in July 2024, Hard Rock International Inc. is preparing to open a 30,000-square-foot temporary casino with 870 gaming slots
Judge dismisses Trigiani lawsuit against New Peoples Bank
Russell County-based bank wins summary judgment
Published
A federal judge issued a summary judgment last week, dismissing all claims in former executive Mary Y. Trigiani’s lawsuit against Russell County-based New Peoples Bank for discrimination and wrongful termination. Trigiani’s complaints of a “cultlike office culture” did not hold up to judicial scrutiny, U.S. District Judge James P. Jones ruled. A Big Stone Gap
Bristol temporary casino to open July 8
Hard Rock to hire 600 workers
Published
Hard Rock International Inc. will open its temporary casino in Bristol July 8, the company announced Thursday. The 30,000-square-foot temporary full-service casino featuring 900 gaming slots and 20 tables for gaming operations will open at 500 Gate City Highway, the former Bristol Mall. It is expected to generate 600 jobs. In February, the casino named
