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Recent Articles from Katherine Schulte
Virginia is for HQs
When CoStar Group was searching for its new headquarters in 2022, Central Place Tower at 1201 Wilson Blvd. in Arlington County, with its impressive accompanying bird’s-eye views, captured the company’s attention. Located about a quarter mile from the Potomac River, the gleaming, 391-foot-tall Class A office building features floor-to-ceiling windows across its 31 stories, reflecting [...]
Powhatan approves $2.7B data center campus
Powhatan County has approved an estimated $2.7 billion data center campus on 119.9 acres partly bordering Chesterfield County. The county’s board of supervisors voted 3-2 during its Oct. 28 meeting for a rezoning and a conditional use permit allowing the proposed development to move forward. The developer, Newport Beach, California–based Province Group, estimates that its […]
Breeden promotes five property management employees
The Breeden Co. has promoted five employees in its property management division, the Virginia Beach-based real estate company announced Thursday. The five employees are Rachel Blanchard, Lisa Capps, Sheena Obermark, Tiffany Rote and Samantha Schuman. Blanchard, who was previously a project manager, has been appointed director of training and implementation. In May, a Breeden social […]
Fed’s Fifth District economy grows modestly
Economic activity in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew modestly from early September, according to the latest edition of the Fed’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered [...]
SEC, Hampton managing partner of BFM Fund settle charges
The Securities and Exchange Commission settled charges in early October against a Hampton-based managing partner of The BFM Fund and a limited liability company for allegedly breaching their fiduciary duties and misleading investors. Himalaya Rao-Potlapally of Hampton is a managing partner of Portland, Oregon-based BFM Fund, a seed-stage private venture capital fund focused on founders […]
Va. pending home sales, prices rose in September
Pending home sales in Virginia rose in September — increasing almost 14% from September 2023 — suggesting more buyers are entering the market, according to Virginia Realtors data released Tuesday. Last month, 8,065 homes sold in Virginia, a less than 1% increase from September 2023. Although closed sales remained relatively flat year-over-year, pending sales rose, […]
Va. agricultural damage from Helene totals $159.3M
Hurricane Helene’s agricultural damage in Virginia totals more than $159.3 million, according to Virginia Cooperative Extension agents’ research. Hurricane Helene made landfall on the Gulf Coast in Florida as a Category 4 storm late on Sept. 26 and tore through the Southeast into Sept. 27, causing catastrophic flooding in parts of Georgia, North and South […]
Atlantic Union to buy Maryland’s Sandy Spring Bank for $1.6B
Atlantic Union Bank is expanding further into Northern Virginia and Maryland with the $1.6 billion purchase of Maryland’s Sandy Spring Bank, an acquisition announced Monday. The two banks’ parent companies, Atlantic Union Bankshares and Sandy Spring Bancorp, have entered into a merger agreement that would create a combined bank with $39.2 billion in assets as […]
Dairy products manufacturer to expand in Augusta
Shamrock Farms, an Arizona-based dairy products manufacturer, will invest $59 million to expand its Augusta County manufacturing operation, Gov. Glenn Youngkin announced Tuesday. Shamrock Farms expects to create 28 jobs through the expansion, which will add 81,000 square feet to the manufacturer’s 250,000-square-foot facility in Mill Place Commerce Park. The company opened its Augusta facili[...]
Va. casinos report $56.56M in September revenue
Gaming revenues for Virginia’s three casinos totaled $56.56 million in September, according to data the Virginia Lottery released Tuesday. Last month, the Bristol Casino: Future Home of Hard Rock reported about $14.09 million in adjusted gaming revenues (wagers minus winnings), of which about $11.68 million came from its 905 slots and about $2.4 million from […]
