Please ensure Javascript is enabled for purposes of website accessibility

Northern Virginia

Aug 29, 2024

NoVa residents feel pressure to pay high rent, mortgages

A spring survey showed more than half of residents polled in the greater Washington, D.C., area are concerned with making rent or mortgage payments in 2023, highlighting the lack of affordable housing in the nation’s fourth largest metropolitan area. Fifty-two percent of D.C., Maryland and Virginia residents polled by Gallup and the nonprofit Greater Washington […]

Aug 29, 2024

Watch this space

To understand office vacancy rates in Northern Virginia, Art Greenberg, the Washington, D.C.-based vice chairman for tenant advisory firm Savills Inc., employs the turkey sandwich test. In short, he explains, today’s workers want an office building where they can walk a block or two and find a half-dozen places to get a turkey sandwich for […]

June market statistics in Northern Virginia. Image courtesy Northern Virginia Association of Realtors
Jul 19, 2024

NoVa, Hampton Roads home sales fall in June

Home sales in Northern Virginia and Hampton Roads dropped year-over-year in June, as homes stayed on the market longer and median sales prices rose. Northern Virginia June home sales in Northern Virginia fell 13.8% from June 2023 and 12.2% from May, according to data released July 11 by the Northern Virginia Association of Realtors. “This […]

Jun 27, 2024

CoStar-WeWork dispute opens door for coworking competitors

One of the most disrupted sectors in Northern Virginia since the pandemic has been office space, as many white-collar workers work remote or hybrid schedules, leading to less demand. On top of that, in Arlington County’s Rosslyn corridor, WeWork clients have had to deal with the coworking company’s uncertain future. Although WeWork was set to […]

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, […]

March market statistics in Northern Virginia. Image courtesy Northern Virginia Association of Realtors
Apr 12, 2024

NoVa, Hampton Roads home sales fall in March

Home sales in Northern Virginia and Hampton Roads dropped year-over-year in March, a reversal from sales growth seen in February. Median sales prices, though, continued to rise. Northern Virginia Northern Virginia home sales in March dropped 13.8% from March 2023, a reversal from the year-over-year sales growth seen in February, according to data the Northern […]

Equinix DC21 data center in Ashburn. Photo courtesy Equinix
Mar 5, 2024

JLL: NoVa is still nation’s top data center market

Northern Virginia remains the country’s largest data center market, according to a report released Monday by real estate company JLL. The 581 megawatts of capacity leased by energized — or built-out — data centers in Northern Virginia for 2023 represented a new record, according to the JLL report. Data centers leased 184 MW in capacity […]

Feb 28, 2024

Northern Va. Year-in-Review: Back to the cookie jar

Data centers continued to dominate, define and, in some cases, shape the arc of Northern Virginia‘s 2023 economic story. Amazon Web Services cleared its hurdle in Stafford County, and although Prince William County’s controversial Digital Gateway project faced major public backlash, supervisors ultimately voted to approve the 1,200-acre project’s rezoning applications in December[...]

Oct 3, 2023

Va. Kaiser employees set to picket in Springfield

More than 75,000 Kaiser Permanente workers across the nation are threatening to strike beginning Wednesday morning if union leaders cannot come to an agreement on a new labor contract with the health care company, but Kaiser says it would only minimally impact “a few optometry departments and pharmacies in Virginia.”  Unlike other recent labor actions, […]

Sep 14, 2023

NoVa home prices increase, Hampton Roads sees inventory boost

Median home prices in Northern Virginia continue to increase, hitting $700,000 in August, an 11.6% percent increase over the previous year, according to the latest report from the Northern Virginia Association of Realtors. At the same time, year-over-year sales declined, decreasing 12.4% from August 2022, but month-over-month sales increased as the summer reaches its end. […]

Aug 30, 2023

Real Estate 2023: RYAN T. McLAUGHLIN

One of the largest regional Realtor associations in the United States, the Northern Virginia Association of Realtors represents approximately 13,000 real estate professionals transacting more than $18 billion in sales annually in the Washington, D.C., metro area. McLaughlin became its CEO in 2015, after serving as CEO of Greater Lehigh Valley Realtors in Pennsylvania. A […]

Arlington County-based RTX, formerly Raytheon Technologies Corp., unveiled its new name and logo at the Paris Air Show June 19.
Aug 2, 2023

8 Va. companies make 2023 Fortune Global 500

Eight Virginia-based companies made Fortune magazine’s 34th Global 500 list, released Tuesday, notably including the newly renamed RTX and Boeing Co. as Virginia’s second and third highest-ranking companies, both of which are also newcomers to the state, having moved their headquarters to Arlington County last year. Freddie Mac remained Virginia’s top-ranked company, at No. 133,[...]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.