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Home>Katherine Schulte

Katherine Schulte

Recent Articles from Katherine Schulte

A rendering of the south entrance of 2011 Crystal Drive in Arlington. Rendering courtesy JBG Smith
News June 21, 2024

Arlington County office building to get $40M makeover

JBG Smith has started construction on a $40 million renovation project for an 11-floor commercial building in Arlington County, the Bethesda, Maryland-based developer announced Tuesday. The company plans to make the 444,916-square-foot building, built in 1985, at 2011 Crystal Drive into an office building and “amenity hub.” The project will include a new 300-person capacity […]

The economy isn't yet feeling the effects of raised interest rates, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Thursday at a Risk Management Association Richmond chapter event.
News June 21, 2024

Barkin: Still a waiting game for interest rates’ effect on inflation

The U.S. economy has yet to feel the effects of current interest rates, but it eventually will, Federal Reserve Bank of Richmond President and CEO Tom Barkin predicted Thursday during an event held by the Risk Management Association’s Richmond chapter in the city’s East End. “I’m optimistic that we’ve gotten rates at a restrictive level […]

Mike Steib
News June 17, 2024

Tegna announces new president and CEO

Michael Steib will succeed Tegna President and CEO David Lougee, who is retiring Aug. 12, Tysons-based broadcasting giant Tegna announced Monday. The 48-year-old Steib will also succeed Lougee as a member of the company’s board of directors. Lougee, age 65, will become a senior adviser. Lougee has been president and CEO and a director of […]

Virginians bet $182 million on sports in August
News June 17, 2024

Va. casinos report $62.7M in May gaming revenues

May gaming revenues for Virginia’s three casinos totaled $62.7 million, according to Virginia Lottery data released June 14. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.46 million in adjusted gaming revenues (wagers minus winnings), of which about $12.4 million came from its 891 slots, and the remaining roughly […]

The Park Crescent apartment community in Norfolk. Photo courtesy Croatan Investments
News June 14, 2024

400-unit apartment complex sells for $84M in Norfolk

A 400-unit apartment community in Norfolk sold for $84 million, according to a late May news release from Croatan Investments. Originally built in 1991, the garden-style apartment community, Park Crescent, had 454,735 rentable square feet at the time of sale, according to Croatan. FPA Multifamily purchased the property from a joint venture of Croatan and […]

The Bee. Photo by Brett Winter Lemon Photography
News June 14, 2024

Retro Hospitality adds three hotels to portfolio

Richmond-based boutique hotel advisory and management firm Retro Hospitality has added three Virginia hotels to its portfolio, the firm announced Wednesday. The company now operates The Bee and The Holbrook Hotel in Danville and The Lofts at Downtown Salem in Salem. Other hotels in its portfolio include the Blackburn Inn and Conference Center in Staunton, […]

May 2024 statistics for the Hampton Roads housing market. Image courtesy Real Estate Information Network
News June 14, 2024

Hampton Roads home sales steady, inventory rises in May

Hampton Roads home sales in May remained steady year-over-year, but inventory climbed, breaching 4,000 homes for sale, according to Real Estate Information Network (REIN) data released Monday. Last month, 2,498 homes sold in Hampton Roads, up from 2,189 in April and equal to homes sold in May 2023. Pending sales totaled 2,546, down from 2,569 […]

First Va. casino opens in Bristol
Hotels/Tourism June 10, 2024

Hard Rock Bristol delays permanent casino opening

The Hard Rock Hotel & Casino Bristol’s development team has pushed back the opening of the permanent casino, previously expected in July, and will instead open its approximately $515 million permanent casino resort in late fall. The team — a joint venture between Hard Rock, Par Ventures President Clyde Stacy and The United Co. Chairman […]

Generous Virginians 2024: A heartfelt donation
News June 6, 2024

Inova raises $83M to match Schars’ $75M gift

Inova Health System has raised $83 million over the past year, surpassing the “Schar Challenge” issued by donors Dwight and Martha Schar when they made a $75 million matching gift to Inova in May 2023. The Schars’ most recent gift to support Inova’s heart and vascular services and the gifts to match it made by […]

The U.S. Naval Combat Demolition Unit/Scouts and Raiders Monument Park is on Omaha Beach in Normandy, France. Photo by Andrew McLeish, courtesy Navy SEAL Museum.
News June 4, 2024

Clark Nexsen contributes to SEALs D-Day monument

Eighty years after the June 6, 1944, Allied invasion of Normandy, France, a Virginia company and other contractors gathered there to unveil a monument honoring the World War II predecessors of the Navy SEALs and special boat crews. The Navy SEAL Museum San Diego, a museum opening late this year and a sister institution to […]

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Top Stories

Skanska completes offshore wind staging project at Port of Virginia

Trump administration withdraws $39.27M for Norfolk offshore wind project

The Trump administration withdrew $39.27 million in federal funding that had been awarded for an off[...]

Virginia eyes nuclear to power booming data centers

Virginia eyes nuclear to power booming data centers

Data centers devouring nearly a quarter of Virginia’s electricity, leaders push nuclear power, fro[...]

Mary Baldwin University President Jeff Stein. Photo courtesy MBU

Mary Baldwin University president resigns; new president named

Mary Baldwin University announced this week that president Jeff Stein has resigned, after only two y[...]

U.Va. board votes to continue gender-affirming care for existing patients under 19

Virginia Democrats reject more Youngkin university board appointees

Three high-ranking Senate Democrats have sent a letter to the governor asking him to suspend future [...]

AstraZeneca plans multibillion-dollar pharma factory in Virginia

AstraZeneca to locate pharma plant in Albemarle

AstraZeneca and Eli Lilly & Co. are planning to locate major manufacturing facilities in Albemarle [...]

Google announces Chesterfield data center as part of $9B investment

Google announces Chesterfield data center as part of $9B investment

Google is investing $9 billion in Virginia through the end of 2026, with the expansion including a n[...]

People

Former Smithfield Foods Chairman and CEO Joseph Williamson Luter III passed away last week at the age of 86.

Former Smithfield Foods CEO and chairman dies at 86

2/9/2025

Default Alt Text

HII promotes exec to new maritime systems post

29/8/2025

Michael Steele has been appointed president and CEO of Activation Capital. Photo Courtesy Activation Capital.

Activation Capital taps new CEO

26/8/2025

Regions

Nostalgia-fueled Colony House reopens

Nostalgia-fueled Colony House reopens

Thanks to $10 million in 21st-century improvements, Roanoke’s Colony House Motor Lodge will on[...]

Chesterfield zoning update moves forward

Chesterfield zoning update moves forward

Chesterfield County advances ZOMod, its zoning overhaul aligning rules with growth goals. Final vote[...]

Peninsula businesses to get capital boost

Peninsula businesses to get capital boost

Small and midsize businesses in distressed and underserved areas of Hampton and Newport News will be[...]

Marion museum aims to ‘Do the Dew’

Marion museum aims to ‘Do the Dew’

The Birthplace of Modern Mountain Dew museum is expected to draw thousands of tourists with a thirst[...]


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