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REAL ESTATE


J. SCOTT ADAMS REGIONAL PRESIDENT, VIRGINIA AND RALEIGH, NORTH CAROLINA, COLLIERS INTERNATIONAL GROUP INC., NORFOLK


Asked to name one thing he’d change about Virginia, Adams says he’d like to see more collaboration between the commonwealth and North Carolina.


Chances are that has at least a little to do with the fact that in fall 2020, Adams began overseeing an effort to rebuild the Raleigh, North Carolina, market for Colliers while continuing to shepherd the company’s Central and Eastern Virginia teams, which employ more than 450 people. The work is going well, Adams says: “Raleigh is ahead of


plan and accelerating with new employees, clients and substantial transactions.” Adams began working in the industry nearly 30 years ago as an assistant project manager for CBRE, Colliers’ former parent company.


EDUCATION: B.A. and MBA, University of Virginia FAVORITE SONG: Jackson Browne’s “Doctor, My Eyes” SOMETHING I WOULD NEVER DO AGAIN: Max out my credit card.


STEPHEN B. BALLARD PRESIDENT AND CEO, S.B. BALLARD CONSTRUCTION CO., VIRGINIA BEACH


A Norfolk native, Ballard launched his construc- tion company in the late 1970s by completing projects for the Norfolk Redevelopment and Housing Authority and doing minor renova- tions for his neighbors. Initially, he centered the company on concrete contracting but later expanded into general contracting. In the Hampton Roads area, S.B. Ballard Construction built Kellam High School and the Lyman B. Brooks Library at Norfolk State University and upgraded the football stadium at Old Dominion University, named S.B. Ballard Stadium in honor of his contributions to the school. In February, Rush Street Gaming, developer and operator of the upcoming $300 million Rivers Casino Portsmouth, announced it had chosen a joint venture between Ballard Construction and Mississippi- based Yates Construction as the project’s general contractor. Ballard also serves as one of seven members of the city of Virginia


Beach’s Wetland s Board. Selected by the City Council, the members review permit requests for the use, alteration or development of tidal wetlands, sand dunes and beaches.


BRENDAN BECHTEL CHAIRMAN AND CEO, BECHTEL GROUP INC., RESTON


Bechtel, the fiſth generation of his family to lead the prominent global engineering, construc- tion and project management company, was appointed CEO in 2016 and chairman a year


later, at age 36. He started working for the family company during summer breaks in high school and later earned a bachelor's degree in geography from Middlebury College in Vermont and two master’s degrees from Stanford University. Over the years, Bechtel took on roles of increasing responsibility in field construction and project management, as well as overseeing several large projects, including the Dulles Corridor Metrorail extension. The pandemic drove down the company’s income last year to $17.6 billion, a 19% decrease from 2019.


“Despite the challenges of 2020, the toughest in our company’s


history, we stood with our customers to drive progress and achieved one of the best safety records ever,” Bechtel said in a March 2021 statement about the company’s 2020 earnings.


158 VIRGINIA 500


ERIC E.


APPERSON PRESIDENT OF CONSTRUCTION, ARMADA HOFFLER PROPERTIES INC., VIRGINIA BEACH


A few years aſter graduat- ing from Hampden-Sydney College in 1985, Apperson went to work for Armada Hoffler, which builds, acquires and manages office, retail and multifam-


ily properties located primarily in the mid-Atlantic and Southeast United States. He has been president of Armada Hoffler Construction since 2000, overseeing its management, growth and financial health. In May, the first tenants moved into 27 Atlantic


Apartments, a $100 million, 17-story apartment tower on the Virginia Beach oceanfront built by Armada Hoffler Construction, which had its most profitable year ever in 2020. Armada Hoffler may be best known for constructing most of the buildings in Baltimore’s Harbor Point area. In December, the company announced plans for a joint venture with Baltimore-based Beatty Development Group to develop and build a global headquarters there for T. Rowe Price.


WHAT MAKES ME PASSIONATE ABOUT MY WORK: Our people, our employees.


WHAT I’VE LEARNED: The importance of honesty and integrity.


BRIAN BORTELL PRESIDENT, CHAIRMAN AND CEO, TIMMONS GROUP INC., RICHMOND


Bortell launched his career as an entry-level engineer at Timmons Group more than three decades ago. By 2004, he’d settled into his current executive role at the Richmond-based civil engineering, technology and surveying firm. Timmons Group, which employs more than 400 people, has worked on several prominent projects in the Hampton Roads region, including the Tech Center and the Discovery STEM Academy, both in Newport News. It also is handling civil engi- neering work for Bon Secours’ forthcom- ing $30 million emergency center in Chesterfield County; construction started in May. In April, the company announced the addi- tion of new offices in Newport News and Wilmington, North Carolina, and the company’s focus on wind energy projects is increasing, with a goal to have 100 employees in that sector by 2023. The Virginia Tech alum, who holds an MBA from Averett University, is fond of competing in marathons and triathlons and has finished the Hawaiian Ironman race multiple times. He’s a member of Sports Backers’ board and is a grad- uate of Leadership Metro Richmond.


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