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Thalhimer files...

Thalhimer files response to Flying Squirrels owner’s defamation lawsuit 

Thalhimer Realty Partners denies defamation claims by Richmond Flying Squirrels owner Lou DiBella in a federal lawsuit over a disputed land parcel.

Data center...

Data center discord continues to block Virginia budget agreement

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Four cards and a stack of chips on a green felt table

Virginia casino revenue tops $108M in May

Virginia casinos generated more than $108 million in May gaming revenue, led by Caesars Virginia's record monthly performance.

Industries

The New Year's eve ball ascends on the day of SpaceX's initial public offering (IPO) in New York City, U.S., June 12, 2026. REUTERS/Brendan McDermid

Richmond attorneys among advisory team for landmark SpaceX IPO 

Hunton Andrews Kurth attorneys from Richmond advised SpaceX on its historic $85.7 billion IPO, the largest public offering in Wall Street history.

Real Estate

Cupid at The Cavalier Hotel

Cavalier Hotel resort sold to Connecticut firm

The Cavalier Resort at Virginia Beach’s Oceanfront has been sold to Connecticut-based real estate investment firm Wheelock Street Capital.

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., June 3, 2026. REUTERS/Brendan McDermid

Wall Street closes lower on Fed rate hike bets

Wall Street closed lower as traders bet on Federal Reserve rate hikes after Fed Chair Kevin Warsh emphasized inflation control and policy shifts.

Government

State and local officials join Jefferson Lab leadership for a ceremonial groundbreaking of the Jefferson Lab Data Center. Photo by Josh Janney

Jefferson Lab breaks ground on $49M data center

Jefferson Lab broke ground on a 30,000-square-foot building on its Newport News campus that will house the High Performance Data Facility.

People

Commonwealth President and CEO Ken Strickler. Photo courtesy Commonwealth

Commonwealth real estate firm selects longtime exec as new CEO

Glen Allen-based real estate company Commonwealth has appointed longtime executive Ken Strickler as its new CEO.

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BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

Virginia Top Projects & Real Estate Deals

July 28th, 2026 - 5:30 PM

Top Projects is an annual recognition program honoring the most outstanding building and construction projects completed across Virginia ove[...]

In-House Counsel Awards

September 17th, 2026 - 11:30 AM

Virginia Lawyers Weekly and Virginia Business recognize Virginia’s top in-house counsel, who, among other things, navigate complicated con[...]

Women In Leadership

October 6th, 2026 - 5:30 PM

The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

Icons Honors

November 13th, 2026 - 11:30 AM

The Virginia Icons Awards recognize the lifetime achievements of Virginia leaders from business, government and higher education over the ag[...]

see all events

Around The Nation

SpaceX vaults past Amazon’s market value as options listing fuels surge

SpaceX IPO haul rises to $85.7B after underwriters exercise greenshoe

SpaceX locks in $60 billion Cursor deal to power AI coding push

Global shippers cautious on Hormuz transit despite US-Iran deal

Yum Brands to sell Pizza Hut for $2.7B after prolonged demand slump

Microsoft sued by shareholders over expenses, cloud business, AI

Cyber leaders urge US to lift curbs on Anthropic’s security models

Fox strikes $22B deal for Roku to fuel streaming push

Luigi Mangione appears for a pre-trial hearing at Manhattan Criminal Court in New York, U.S., Wednesday, June 17, 2026. Angelina Katsanis/Pool via REUTERS

Luigi Mangione plans ‘extreme emotional disturbance’ defense at CEO killing trial 

Luigi Mangione plans to use an extreme emotional disturbance defense in the trial for the fatal shooting of UnitedHealthcare CEO Brian Thompson in Manhattan.

A person points to an iPhone during Apple's event at the Steve Jobs Theater on its campus in Cupertino, California, U.S. September 9, 2025. REUTERS/Manuel Orbegozo

Apple to raise prices due to memory chip shortage, CEO tells WSJ

June 17 (Reuters) – Apple plans to raise prices on its products to offset increasing memory and storage chip costs, CEO Tim Cook told the Wall Street Journal in an interview. A surge in AI-driven demand for data centers has forced consumer electronics companies into a fierce competition for dwindling supplies of the key components, […]

Intel and Apple logos are seen in this illustration taken September 24, 2025. REUTERS/Dado Ruvic/Illustration

Trump says Apple to partner with Intel on US chip design, production

Apple has agreed to work with Intel to design and manufacture chips in the United States, diversifying its manufacturing base amid high demand.

Wind turbines generate power on a farm near Throckmorton, Texas U.S. August 24, 2018. Picture taken August 24, 2018. REUTERS/Nick Oxford

Trump administration to pay $765M to scrap four more offshore wind leases

The Trump administration will pay $765 million to Invenergy to cancel four offshore wind leases off New York, California, and Maine coasts.

New U.S. Federal Reserve Chairman Kevin Warsh holds a press conference following a two-day meeting of the Federal Open Market Committee (FOMC), at the U.S. Federal Reserve in Washington, D.C., U.S. June 17, 2026. REUTERS/Eric Lee

Fed begins Warsh era by keeping rates on hold, sees one hike later this year

The Federal Reserve held interest rates steady but projects one hike later this year amid inflation concerns under new chairman Kevin Warsh.

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Opinion

No one’s indispensable — and that’s a good thing

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

Making the business case for InternshipsVA

Millennials burn out while holding it all together

Bridging the workplace soft-skills gap across generations

Why Virginia’s one-term limit for governors deserves a second look

The December question every leader should anticipate

Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci//File Photo

One in a trillion: Musk’s milestone 

Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.

Economic Development 2025: BELCHER, JONATHAN S.

Could Virginia’s data center fight scare off other industries?

In 2024, following the unsuccessful effort to bring a sports arena to Alexandria, I wrote in Virginia Business that the Commonwealth would continue to find success recruiting investment and jobs because “the fundamentals of the commonwealth’s business case remain unbelievably strong and make us the envy of most other states.” That opinion was ultimately proven […]

WILLIAM G. ‘BILL’ CRUTCHFIELD JR.

Commentary: Entrepreneurs, think creatively

Bill Crutchfield, founder of Crutchfield Corp. in Charlottesville, shares how unconventional thinking drove his company's success.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

Are your best people leaving over money — or this?

COVID did something to us that a decade of wellness programs never could. It forced us to look directly at our own mortality and ask with unusual honesty, is this how I want to spend my time? That question did not stay at the dinner table. It followed people into their offices, their Zoom calls […]

Maritime and logistics can lift the commonwealth

Maritime and logistics can lift the commonwealth

Virginia Maritime Association's executive director on state's maritime industry

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