Katherine Schulte, Author at Virginia Business

Katherine Schulte

Recent Articles from Katherine Schulte

Gov. Glenn Youngkin announced LS Cable & System's plans for additional facilities in Chesapeake at the Patrick Henry Building in Richmond on Dec. 12, 2025. Photo by Katherine Schulte/Virginia Business.

LS Cable to add $689M factory in Chesapeake, creating 430 jobs

LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilities and bringing its expected job creation to 760.

Tara Murphy Dougherty is CEO of Govini, an Arlington defense contractor that received a $150 million investment from Bain Capital in October. Photo courtesy Govini

Start Virginia November 30, 2025

Arlington defense tech firm reaches unicorn status

Govini, an Arlington County defense tech contractor, has joined the unicorn ranks with a $1.25 billion valuation.

Temporary Petersburg casino to open in January

Hotels/Tourism November 24, 2025

Petersburg casino announces opening date for temporary facility

The temporary Live! Casino Virginia in Petersburg will open Jan. 22, 2026, pending regulatory approval.

Server room interior in datacenter. Depositphotos

Central Virginia November 20, 2025

Data center developer to build $3B campus in Caroline

CleanArc Data Centers is building a $3 billion data center campus in Caroline County, Gov. Glenn Youngkin announced Thursday.

Northern Virginia November 19, 2025

Reston fintech startup closes $400M financing round

Quantum Lending Solutions has closed a $400 million financing round, the Reston-based financial tech startup announced Tuesday.

Technology November 18, 2025

Amazon buys 189 acres in Prince William tech park for $700M

Amazon Data Services has bought approximately 188.5 acres in Prince William County for a whopping $700 million.

Gov. Glenn Youngkin, Lego Vice President Cindy Sikora and others ceremonially broke ground on Lego's regional distribution center in Prince George County on Nov. 13, 2025. Photo by Katherine Schulte/Virginia Business

Lego holds groundbreaking for $366M Prince George distribution center

The Lego Group held a ceremonial groundbreaking Thursday for its $366 million warehouse and distribution center in Prince George County.

Sphere Apartments at 2005 Brook Road in Richmond. Photo by Katherine Schulte/Virginia Business

Central Virginia November 7, 2025

Richmond Northside apartments sell for $45M

A 224-unit apartment complex in Richmond’s Northside neighborhood sold for $45.02 million in late October.

Eastport Industrial Park in Henrico County. Photo courtesy Equus Capital Partners.

Real Estate November 5, 2025

Industrial park near Richmond airport sells for $142M

An eight-building industrial park near the Richmond International Airport sold for $142 million, according to news releases this week.

Xcelerate Solutions' leadership team cut the ribbon on its new headquarters space on Tuesday. From left: Mike Brokaw, Mark Drever, David Kapusta, Vivek Malhotra and Doug Kollme. Photo courtesy Fairfax County Economic Development Authority.

Real Estate November 3, 2025

Xcelerate Solutions expands in Tysons

Defense and national security contractor Xcelerate Solutions is expanding its headquarters and workforce in Tysons.

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