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Central Virginia

Apr 29, 2024

FOR THE RECORD May 2024

CENTRAL VIRGINIA Richmond-based Atlantic Union Bankshares completed its acquisition of Danville-based American National Bankshares, parent company of American National Bank and Trust, on April 1. Based on the $35.31 per share closing price of Atlantic Union common stock on March 28, the transaction value was approximately $507 million. The deal was announced in July 2023, […]

February market statistics in Northern Virginia. Image courtesy Northern Virginia Association of Realtors
Mar 15, 2024

Home sales, prices up in NoVa, Hampton Roads, Central Va.

The Northern Virginia, Hampton Roads and Central Virginia housing markets showed positive trends last month, with month-over-month and year-over-year increases in home sales and median sales prices. Northern Virginia Northern Virginia home sales in February grew 2.2% from February 2023, marking the first year-over-year growth in the market’s home sales since November 2021, according to [&hel[...]

Feb 28, 2024

Central Virginia Year-in-Review: Pumping the brakes

During the pandemic, companies began pumping the brakes on expansions out of fear of the unknown. But, using that same car-related analogy, by late 2021, they were flooring it, explains Greater Richmond Partnership President and CEO Jennifer Wakefield. And by 2022, they had kicked it into sport mode. “Now it’s shifted back into normal mode,” […]

Chet Parsons
Aug 28, 2023

Central Va. Transportation Authority names first leader

Chet Parsons will serve as the Central Virginia Transportation Authority’s first executive director, the organization announced Thursday. Parsons has served as director of transportation for PlanRVA, also known as the Richmond Regional Planning District Commission, since 2019. CVTA finances transportation projects across the Richmond region. It was established by the General Assembly in 2020[...]

Feb 27, 2023

Building blocks

If you ask economic development officials in Central Virginia about 2022, they might respond with a familiar slogan: “Everything is awesome.” With almost 5,000 announced jobs and $1.6 billion in capital investment, the Richmond region had one of its best years in the last two decades. By October 2022, the region recovered 100% of jobs […]

The Richmond region gained more than $2 billion in economic development investment in the past year, officials say. Photo by Matthew R.O. Brown
Oct 28, 2022

Exceeding expectations

In the greater Richmond region, local economic development authorities have been hard at work landing new business and securing expansions, and this year those efforts bore fruit, they say. In fact, 2022 has outpaced the past two decades, declares Jennifer Wakefield, the Greater Richmond Partnership’s  president and CEO, as the region landed two “megaprojects” — […]

May 10, 2022

Richmond names 3 Diamond District finalists

City of Richmond officials announced Tuesday that three development teams have continued to the finals for the Diamond District, which includes replacing the baseball stadium and revitalizing the area near the Scott’s Addition neighborhood. The announcement also gives more details than previously available about the plans submitted by the finalists, which include Richmond Community Developme[...]

May 3, 2022

CoStar Group buys former SunTrust building in Richmond

CoStar Group Inc. has expanded its Richmond footprint with the $20 million purchase of the former SunTrust office building on the James River. The five-story, 117,448-square-foot building at 901 Semmes Ave. will be occupied by at least 400 employees, however the company has not determined which teams will occupy the space yet, a CoStar Group […]

May 2, 2022

89 acres near Richmond airport sells for $4.78M

New York-based real estate company Ashley Capital has purchased 89 acres of land near Richmond International Airport in Henrico County for $4.78 million, Cushman & Wakefield | Thalhimer announced April 27. The land, at 7001 S. Laburnum Ave., had been owned by Pruitt Properties Inc. The new owner will use the land for a new […]

Apr 13, 2022

Capital Square names CFO

Henrico-based real estate investment company Capital Square has named Donna Sperounis as its chief financial officer, the company announced Wednesday. Sperounis has 22 years of real estate experience and joins Capital Square from Dakota Partners, where she was chief financial officer and chief operating officer. While there, she increased cashflow by 50%, maximized tax incentives […]

Apr 11, 2022

Henrico shopping center sells for $13M

Gold’s Gym Plaza in Henrico County has sold for $13 million. The 124,275-square-foot shopping center at 8900 W. Broad St. has five buildings of retail and is 100% leased. Anchors Regal Cinemas and Gold’s Gym have occupied space at the property for 40 and 19 years, respectively. Charlottesville-based Seminole Trail Annex LLC bought the property […]

Mar 29, 2022

Owens & Minor acquires home health care company for $1.6B

Mechanicsville-based Fortune 500 health care logistics company Owens & Minor Inc. announced Tuesday that it had closed its acquisition of Indianapolis-based Apria Inc. for a cash consideration of $1.6 billion. Owens & Minor funded the purchase with a combination of debt and cash on hand. The company is combining Apria and its Byram Healthcare Centers […]

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