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byline: Katherine Schulte

NoVa, Hampton Roads home sales rise in July

Home sales in Northern Virginia and Hampton Roads rose year-over-year in July, while inventory as measured by active listings rose year-over-year and month-over-month for both. Both regions also saw median sales prices rise from the previous year but drop from June prices.

Northern Virginia

July home sales in Northern Virginia rose 13.5% from July 2023 and were up 0.8% from June, according to data released Tuesday by the Northern Virginia Association of Realtors.

Home sales in the region last month totaled 1,639. Pending sales totaled 1,419 units, down from 1,507 in July 2023.

There were 1,764 active listings in July, up from 1,445 listings last year. New listings numbered 1,496 units, well below the five-year average of 2,251 new listings for the month of July.

Homes stayed on the market an average of 16 days, up 6.7% from July 2023 and up from June’s average of 14 days. The month’s supply of inventory (MSI) — a measure of how many months there would be homes on the market if no new inventory were added — stood at 1.3 months, the same MSI as June and a nearly 30% increase from July 2023. That inventory level is higher than the five-year average of a 1.2 MSI.

“The spike in inventory and homes sales in July are more good signs that our post-pandemic real estate market is getting back to what we previously considered normal,” NVAR CEO Ryan McLaughlin said in a statement.

The median sold price for a Northern Virginia home last month was $735,000, up 6.4% from July 2023 but down from the $780,000 median recorded for June.

“July’s supply of homes grew from a year ago, providing consumers with more options in a market that has been hungry to buy. This desire for housing continues to drive prices higher, but buyers are enjoying the availability of more homes,” NVAR board member Michele Brantley with Weichert Realtors said in a statement.

NVAR reports home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church, and the towns of Vienna, Herndon and Clifton.

Hampton Roads

July home sales in Hampton Roads totaled 2,346, up 1.3% from the 2,316 sales recorded in July 2023 and down 0.38% from June’s 2,355 sales, according to Real Estate Information Network (REIN) data released in early August.

Pending sales also rose year-over-year, totaling 2,315 last month — up 4.5% from the 2,215 recorded in June and up 7.2% from the 2,159 recorded in July 2023.

July 2024 statistics for the Hampton Roads housing market. Image courtesy Real Estate Information Network
July 2024 statistics for the Hampton Roads housing market. Image courtesy Real Estate Information Network

The number of Hampton Roads homes for sale in July reached its highest point since October 2020, when the region had 4,887 active listings. Last month, active listings totaled 4,641, up 5.9% from June and up 34.4% year-over-year. The month’s supply of inventory for July was 2.28, up from 2.16 in June and from 1.54 in July 2023.

“We’re happy to see settled and pending sales up over last year,” Gary Lundholm with The Real Estate Group, president of REIN’s board of directors, said in a statement. “That’s good for our agents and brokers. Likewise, an increase in active listings offers more choices for home shoppers and is certainly helping to stabilize selling prices.”

The median sales price (MSP) for the region was $355,500 in July, up 4.5% from $340,000 in July 2023 but down from the region’s all-time high of $360,000 in June.

Homes in the region spent a median of 18 days on the market, up from the median of 16 days in June and the 12-day median recorded in July 2023.

Founded in 1969, REIN is a regional multiple listing service that covers an area stretching from Williamsburg east to Virginia Beach and south across the North Carolina border.

Four office buildings in Centreville sell for $39M

A portfolio composed of four office buildings in Centreville sold for $39.36 million, the buyer announced Monday.

Located at 5860, 5870, 5875 and 5885 Trinity Parkway, the four buildings have almost 500,000 square feet of Class A commercial office space. Two six-story buildings, 5860 and 5870 Trinity Parkway, have nearly 152,000 square feet each. The other two buildings are three stories and have nearly 93,000 square feet each. The portfolio is called Trinity Centre for the 70-acre master-planned community it’s located in.

The portfolio was 71% leased and occupied at the time of the transaction. It’s home to Carfax’s headquarters and a Parsons office. Contact center and 911 solutions company MicroAutomation also houses its headquarters there, as does the Specialized Carriers & Rigging Association and IT firm TriVir.

Bethesda, Maryland-based Finmarc Management bought the properties from a joint venture between Spear Street Capital and Partners Group. Cushman & Wakefield | Thalhimer represented the seller, and Finmarc Management represented itself. Aaron Rosenfeld from law firm Kelley Drye & Warren provided legal services to Finmarc.

“We believe in the enduring strength of suburban-located commercial real estate properties, especially those located in the Northern Virginia submarket with demand drivers led by the federal government and served by a highly skilled and educated workforce,” Finmarc Principal Neil Markus said in a statement.

Finmarc recently completed another transaction in Northern Virginia, the $60 million sale of a 25.29-acre site at 19886 Ashburn Road in Loudoun County to JK Land Holdings in early August. JK Land Holdings, part of JK Moving Services founder and CEO Chuck Kuhn’s empire, plans to develop a 360,000-square-foot data center on the property, although cybersecurity firm Telos currently leases the site for its headquarters.

Va. casino gaming revenues total $59.3M in July

Casino gaming revenues for Virginia’s three casinos totaled $59.3 million in July, according to Virginia Lottery data released Thursday.

Also, the $500 million HeadWaters Resort & Casino in Norfolk, which has been in a holding pattern for the past several months, could be moving forward. The Norfolk Architectural Review Board will discuss new renderings for the casino and resort at its Aug. 19 meeting.

In January, the developers — a partnership between the King William County-based Pamunkey Indian Tribe and Tennessee investor Jon Yarbrough — asked the Norfolk Architectural Review Board for an indefinite delay of the board’s review of its new plans, while the development team made design changes requested by the city. The casino operators must receive Norfolk City Council’s OK before proceeding with construction, following the architecture review board’s recommendation.

Approved by voters in November 2020, the Norfolk casino also must obtain its license from the lottery board by November 2025, or the referendum becomes null and void under state law. City officials have indicated earlier this year they could move forward on a casino project with different developers if the 2025 deadline is not met.

Meanwhile, the state’s three active casinos reported steady revenue in July. The month’s casino gaming revenues were a less than 3% decline from the $59.5 million reported for June. Earlier this month, the Virginia Lottery reported a record $5.5 billion in sales for fiscal 2024 and record profit of $934 million.

Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $14.84 million in adjusted gaming revenues (wagers minus winnings), of which about $11.69 million came from its 915 slots and the remaining roughly $3.15 million came from its 29 table games. The Virginia Lottery Board approved HR Bristol’s casino license in April 2022, and the Bristol casino’s temporary facility opened in July 2022, making it the first operating casino in Virginia. The permanent Hard Rock Bristol casino’s opening was pushed back from July to sometime in late fall.

After the lottery board approved its license in November 2022, Rivers Casino Portsmouth opened as Virginia’s first permanent casino in January 2023. In July, the Portsmouth casino generated about $18.26 million from its 1,389 slots and about $7.43 million from its 85 table games, for a total AGR of $25.69 million.

The temporary Caesars Virginia casino in Danville, which received its casino license in April 2023 and opened in May 2023, generated about $18.8 million in revenue last month. Almost $14.39 million of that came from its 826 slots, and about $4.4 million from its 36 table games.

Virginia law assesses a graduated tax on a casino’s adjusted gaming revenue. For the month of July, taxes from casino AGRs totaled about $10.68 million.

The host cities of Portsmouth and Danville received 6% of their respective casinos’ AGRs: about $1.5 million and $1.1 million, respectively. For the Bristol casino, 6% of its adjusted gaming revenue — about $890,500 last month — goes to the Regional Improvement Commission, which the General Assembly established to distribute Bristol casino tax funds throughout Southwest Virginia.

The Problem Gambling Treatment and Support Fund receives 0.8% of total taxes — about $85,450 for July. The Family and Children’s Trust Fund, which funds family violence prevention and treatment programs, receives 0.2% of the monthly total, which was approximately $21,360 in July.

In Central Virginia, Petersburg has received approval for its casino referendum to appear on this fall’s ballots, asking voters to approve a proposal from The Cordish Cos. that Petersburg City Council endorsed in April, canceling a competitive bidding process. On Thursday, Bruce Smith Enterprise and Cordish announced the opening of their campaign office in Petersburg, as they prepare to get out the vote for the project.

Boeing lands $2.56B Air Force contract

Boeing has won a $2.56 billion U.S. Air Force contract for two rapid prototype E-7A airborne early warning and control (AEW&C) Wedgetail aircraft, the Arlington-based Fortune 500 aerospace and defense company announced Friday.

The contract modification to a previously awarded undefinitized contract action includes life-cycle development, training and support for the Air Force’s E-7A fleet. The E-7A Wedgetail provides targeted tracking and battle management command-and-control capabilities to joint forces for a “first to detect, first to engage” advantage, according to a news release.

“Our customers have an urgent need for integrated battle-space awareness and battle management,” Dan Gillian, vice president and general manager of Boeing Defense, Space & Security’s Mobility, Surveillance & Bombers division, said in a statement. “The E-7A is the airspace linchpin to continuously scan the skies, command and control the battle space and integrate all-domain data, providing a decisive advantage against threats.”

Based on the Boeing 737-700 Next Generation airframe, the E-7 AEW&C aircraft is used by the Royal Australian Air Force, Republic of Korea Air Force (designated the E-737 Peace Eye) and Turkish Air Force (designated the E-7T Peace Eagle).

In addition to building the rapid prototype aircraft for the U.S., Boeing is producing three E-7As for the United Kingdom’s Royal Air Force. The heads of the Royal Air Force, Royal Australian Air Force and the U.S. Air Force signed a joint vision statement in July 2023 outlining their agreement to collaborate on the Wedgetail’s development.

Also, in November 2023, NATO ordered six E-7A Wedgetail aircraft to replace its E-3A Sentry Airborne Warning and Control System aircraft, which it has operated a fleet of since the 1980s, for an undisclosed amount.

“Global operators are proving that the E-7 AEW&C is a critical node for air superiority in the modern battle space,” Stu Voboril, Boeing vice president and E-7 program manager, said in a statement. “In our partnership with the U.S. Air Force, we’re focused on stable, predictable execution to deliver crucial mission-ready capabilities today. This will put us on the path for the long-term growth of the aircraft and mission.”

Work on the U.S. contract will be performed in Tukwila, Washington, and is expected to be completed by Aug. 28, 2029, according to the U.S. Defense Department.

Boeing’s assembly process for its 737 Max 9 aircraft has come under scrutiny since a 4-foot wall panel blew out of a Boeing plane cabin during an Alaska Airlines flight on Jan. 5.

The Federal Aviation Administration conducted a six-week audit of Boeing and supplier Spirit AeroSystems, which Boeing announced plans to acquire for $4.7 billion on July 1. Boeing submitted an action plan to correct issues found in the audit to the FAA, which will have continued oversight of the company.

Last week, the National Transportation Safety Board held two days of hearings investing the door plug blowout. Testimony from Boeing workers and federal inspectors revealed systemic manufacturing problems.

Boeing’s new president and CEO, Robert “Kelly” Ortberg, started his tenure Thursday.

Henrico EDA buys $3M golf course, plans $11M renovation

Henrico County’s economic development authority has purchased The Crossings Golf Club for $3 million, and with partners Pros Inc. and the Henrico Sports & Entertainment Authority, it plans to pitch the course as the new home for a PGA Tour Champions golf event held at the Country Club of Virginia.

Pros Inc. expects to invest $11 million to renovate the Glen Allen course, according to Pros Inc. President Giff Breed.

In December 2023, Richmond-based Fortune 500 utility Dominion Energy and The Country Club of Virginia announced they would end their involvement with the PGA Tour Champions’ Dominion Energy Charity Classic after its 2025 event. CCV has hosted the annual tournament and Dominion has been its sponsor since 2016, with 72 pro golfers 50 and older competing for a $2.2 million purse.

The October 2023 event generated $34 million in economic impact for the area, according to a Mangum Economics study — making it a major boon for the county.

Aiming to keep Henrico as a PGA Tour Champions stop, the county’s EDA acquired on Thursday the 268-acre, 18-hole Crossings course from a limited liability company connected to Matthew Hall, who owns Meadowspring Turf Farm. The EDA has a 20-year lease agreement with sports marketing firm Pros Inc., which operates the Independence Golf Club in Powhatan County, for $1 a year. In turn, Pros Inc. is responsible for raising the funds to renovate the course and overseeing all operations.

The entities also have a revenue-sharing agreement, and a portion of revenue each year will go to a fund for future maintenance and upgrade costs.

“We appreciate the shared vision of all involved to reimagine this facility with an eye on the future to provide a championship-caliber course for residents, visitors and special events. We look forward to working with Pros Inc. on strategy and building on a legacy of golf in Henrico that is deep and will complement the development and popularity of the game,” Dennis Bickmeier, executive director of the Henrico Sports & Entertainment Authority, said in a statement.

The Crossings opened in 1960 as Ethelwood Golf Course. In the early 1970s, it operated as a public course called Half Sink Golf Course. Then, a portion of the course was removed to accommodate construction of Interstate 295, according to a news release, and the course known as The Crossings Golf Club opened in 1979.

Pros Inc. will immediately begin renovations on the course to be ready for the PGA event to be held in October 2026.

The course currently has a number of issues, including overgrowth, Breed said. Trees need to be removed to create proper corridors for play and to let grass thrive. The course needs new drainage and irrigation. And, its grass is an outdated turf, and Pros will need to put a new type of grass in. The new grass will also need a growing season to get established.

“We would have started on Friday, if not for [Tropical Storm Debby], so we’ll start on Monday, because we need growing seasons and there’s just so much work to do that we have to start ASAP if we’re going to be ready by October of 2026,” Breed said.

The PGA tour is working on finding a new sponsor for the event, and Pros wants to offer naming rights for the course to help raise money for the renovations, Breed added.

“As we saw with the 2023 Dominion Energy Charity Classic’s $34 million economic impact, having a golf course of this caliber in Henrico can provide a significant boost to the greater Richmond region’s economy and, potentially, a new home for PGA Tour sanctioned events,” Steve Schoenfeld, a senior director with the PGA Tour and executive director of the Dominion Energy Charity Classic, said in a statement.

Busy corridor

The Crossings course is near the interstates 95 and 295 interchange in Glen Allen. The $2.3 billion GreenCity development is underway across I-295 from the golf club, and the $50 million Henrico Sports & Events Center, opened in December 2023, is nearby off I-95.

“It’s really an opportunity for the county to capitalize on the really phenomenal work that we’re already doing with sports tourism and tourism in Henrico,” said Anthony Romanello, executive director of the Henrico EDA. “This is another asset that we’re able to leverage.”

What the county EDA and the Sports & Entertainment Authority are “envisioning is that there might be packages where you come to a tournament at the Sports & Events Center, and as part of the package, there’s rounds of golf,” he said. “We envision that … there could be college golf tournaments at this course, high school golf tournaments at this course.”

The lease agreement includes access for Henrico County Public Schools. Additionally, the golf course will benefit area schools by offering training opportunities. Pros Inc. has worked with local colleges for capstone courses and sports marketing independent studies at the Independence course, Breed said, and plans to expand those opportunities to the Crossings course.

There’s also a chance that the Henrico course could see Tiger Woods play. One of the most famous and successful golfers in history, Woods turns 50 on Dec. 30, 2025, and has hinted he’s interested in playing on the Champions Tour, according to Golfweek reporting.

QTS acquires rezoned Henrico tech park land

Henrico County’s Sandston area could soon see more data center facilities after the county’s board of supervisors voted in May to rezone a 622-acre site for the planned White Oak Technology Park II.

Developer Hourigan shepherded the land, now owned by Kansas-based QTS Data Centers, through its rezoning to light industrial. “It is a fabulous opportunity for Henrico County and to drive this region forward,” CEO Mark Hourigan says.

QTS already has a data center campus and network access point at the original White Oak Technology Park, which is adjacent to the White Oak II site. A company spokesperson in July said QTS was unable to share details of its plans for White Oak II at that time.

A limited liability company belonging to Hourigan purchased about 397 acres of the White Oak II site — about 223 acres for $38.05 million from Atlantic Crossing and 174 acres from Vienna Finance for $20.5 million — on June 28. QTS in turn bought that acreage from the Hourigan company for $118.8 million the same day, county records show.

“[QTS] came to us with a vision and a plan for eastern Henrico that allowed them to have complete control of that entire site,” Hourigan says, “and in evaluating all the options and ways that we might be able to consider moving forward with that, we thought that was the best long-term outcome for the county and for that site,” given QTS’ proven track record and access to capital.

QTS acquired parcels, including approximately 225 acres of the White Oak II site, in several December 2023 transactions totaling $18 million.

Now that the site has been rezoned, Anthony Romanello, executive director of the Henrico Economic Development Authority, says next steps will include installing water, sewer and power lines by 2026.

During the rezoning process, county residents raised concerns about environmental impacts and losing part of a Civil War battlefield. Ultimately, the county planning commission endorsed the rezoning.

Two days after approving the rezoning, Henrico’s board of supervisors established a $60 million affordable housing trust fund, funded by anticipated tax revenue from data centers.

“We are incredibly excited about the industrial development that is happening and that will be happening in eastern Henrico,” Romanello says. “Developments like what’s happening in White Oak, like what QTS is doing, are really helping to make Henrico an even greater community.”  

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 year’s regional housing market resembles a pendulum, swinging back and forth,” NVAR board member Mary Bowen with Long & Foster Real Estate said in a statement. “The one constant is that prices continue to go up. With a bit more inventory, homebuyers in June had a few more choices than last year; however, it remains a sellers’ market.”

Last month, 1,626 homes sold in the region. Pending sales totaled 1,674 units, up about 10% from June 2023.

There were 1,645 active listings in June, up 5% from last year. New listings totaled 1,539 units, down 9% from June 2023 and well below the five-year average of 2,483 new listings for the month of June.

Homes stayed on the market longer this June: an average of 14 days, a 7.7% increase from last year. The month’s supply of inventory (MSI) — a measure of how many months there would be homes on the market if no new inventory were added — stood at 1.3 months, the same MSI as May and a 14.5% increase from June 2023.

The median sold price for a Northern Virginia home last month was $780,000, up 8.6% from the same month last year and up from May’s median of $760,000. The total sold volume in June was more than $1.4 billion, down 5.9% from June 2023.

“Our shifting market reveals ongoing demand amid a landscape of short supply,” NVAR CEO Ryan McLaughlin said in a statement. “Even with more selection, we still have very little inventory, which is driving prices higher. The good news is that we have had several months of home sales growth this year rather than just declines, which means the market is still rightsizing itself.”

NVAR reports home sales activity for Fairfax and Arlington counties, the cities of Alexandria, Fairfax and Falls Church, and the towns of Vienna, Herndon and Clifton.

Hampton Roads

In Hampton Roads, home sales for June totaled 2,355, down 5.7% from the 2,498 sales recorded in May and down about 11.7% from June 2023’s 2,666 sales, according to Real Estate Information Network (REIN) data released Wednesday.

The Hampton Roads housing market had 2,215 pending sales in June, down from 2,546 in May and down from 2,394 in June 2023.

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

There were 4,380 active listings on the market in June, up from 4,264 in May and from 3,366 in June 2023. The month’s supply of inventory was 2.16, up from 2.07 in May and from 1.47 in June 2023.

“Although we are seeing an increase in the number of homes for sale when looking at the last three years, if you compare June 2024 to June 2019 when there were 9,308 homes on the market, you can see that the competition is often much more concentrated since there are about half as many properties,” Gary Lundholm with The Real Estate Group, president of REIN’s board of directors, said in a statement.

The median sales price (MSP) for the region rose in June and hit a record for the second consecutive month. Last month, the median sales price of homes in the region was $360,000, up 2.15% from the MSP of $352,392 in May and up 4.3% from June 2023’s MSP of $345,000.

“Home prices in our region have been rising, as they have been in much of the nation,” Lundholm said in a statement. “Fortunately for homebuyers, our MSP is still below the statewide average and inventory also continues to increase, which can have a positive impact on prices.”

Homes in the region spent a median of 16 days on the market, up from the median of 15 days in May and the 11-day median recorded in June 2023.

Founded in 1969, REIN is a regional multiple listing service that covers an area stretching from Williamsburg east to Virginia Beach and south across the North Carolina border.

QTS finishes $137M purchase of rezoned Henrico tech park land

QTS Data Centers has secured ownership of all 622 acres of the recently rezoned site for the White Oak Technology Park II project in Henrico County’s Sandston area for approximately $137 million.

On June 28, a limited liability company belonging to QTS bought the remaining portion of the site that it hadn’t yet acquired — about 397 acres — for $118.8 million from a limited liability company belonging to Richmond development company Hourigan, county records show. Hourigan shepherded the land through its county rezoning process to light industrial.

The LLC owned by Hourigan purchased the land that day, buying about 223 acres for $38.05 million from Atlantic Crossing and 174 acres from Vienna Finance for $20.5 million.

“[QTS] came to us with a vision and a plan for eastern Henrico that allowed them to have complete control of that entire site,” said Hourigan founder and CEO Mark Hourigan, “and in evaluating all the options and ways that we might be able to consider moving forward with that, we thought that was the best long-term outcome for the county and for that site, is to have someone with a proven track record [and] the capital behind them to be able to make that kind of investment.”

QTS previously acquired the other approximately 225 acres of the site and some 4 outlying acres from Harmon Properties, Brenda H. Sargent and John C. Harmon in several December 2023 transactions totaling $18 million.

The Kansas-based company already has a data center campus in the original, adjacent White Oak Technology Park and announced in 2022 plans for a 1.5 million-square-foot expansion. Also in that park is QTS’ network access point, which connects, through Virginia Beach landing stations, to three subsea internet cables originating in Europe and South America.

A company spokesperson said QTS was unable to share details of its project plans at this time.

Hourigan said, “It is a fabulous opportunity for Henrico County and to drive this region forward, and allows QTS to continue their business plan, and I think a great solution for everyone that was involved.”

Project past and future

During the rezoning process, which began with initial filings in late 2023, county residents raised concerns about environmental impacts and losing part of a Civil War battlefield. Ultimately, the county planning commission recommended approving the rezoning in April.

The Henrico County Board of Supervisors voted to rezone the site on May 14. On May 16, the board announced the county was establishing a $60 million affordable housing trust fund that would be funded by unbudgeted local tax revenue from data centers.

“We are incredibly excited about the industrial development that is happening and that will be happening in eastern Henrico,” said Anthony Romanello, executive director of the Henrico Economic Development Authority. With the establishment of the affordable housing trust fund, “developments like what’s happening in White Oak, like what QTS is doing, are really helping to make Henrico an even greater community.”

Now that the site has been rezoned, Romanello said, next steps include installing infrastructure such as water, sewer and power lines at the site by 2026. According to county documents, Hourigan will install sewer infrastructure for the project, while the county will handle water infrastructure.

Dominion Energy had to apply to the State Corporation Commission for approval to install two 230-kilovolt power lines to the site and expand its existing White Oak substation. In October 2023 testimony, a Hourigan representative referred to the proposed project, then consisting of about 320 acres, as the VAH Data Center Campus, referring to the property owners at the time: Vienna Finance, Atlantic Crossing and Hourigan. The SCC approved Dominion Energy’s application in March.

“I think we’ve had a very strong industrial base in Henrico — and I’m including data centers in industrial — and it’s getting a whole lot stronger with the investment that Hourigan and QTS are making,” Romanello said.

Brent Godwin contributed to this article.

Inova Fairfax Hospital ranks No. 1 in Va. for fourth year

For the fourth consecutive year, Inova Fairfax Hospital in Falls Church has taken the No. 1 spot in Virginia on the U.S. News and World Report’s annual list of the best hospitals in the nation, released Tuesday. 

The Inova Health System hospital also ranked first in the Washington, D.C., metro area for the fourth straight year, and 36th in the nation for obstetrics and gynecology. For children’s care, it ranked third in Virginia and 17th in the mid-Atlantic. U.S. News included data from Inova L.J. Murphy Children’s Hospital in its evaluation.

“Year after year, I am more and more proud of Inova and the exceptional team of health care workers I am fortunate to lead,” Inova President and CEO Dr. J. Stephen Jones said in a statement. “Ranking No. 1 in the state and the region for four years in a row underscores our relentless commitment to providing clinical excellence and compassionate care to every patient in every community we are privileged to serve.”

U.S. News and World Report’s 2024-2025 Best Hospitals rankings evaluated data from 5,000 hospitals and surveys from 30,000 physicians. Nationally, 160 hospitals ranked in at least one of the 15 specialties assessed. For 12 of the specialty areas, rankings rely on data sources like Medicare. For the remaining three specialties — ophthalmology, psychiatry and rheumatology — rankings are based on expert opinion.

U.S. News and World Report evaluated 120 hospitals in Virginia. Its top hospitals in Virginia are as follows:

1. Inova Fairfax Hospital, Falls Church

2. VCU Medical Center, Richmond

3. (tie) Carilion Roanoke Memorial Hospital, Roanoke

3. (tie) Sentara Norfolk General Hospital, Norfolk

3. (tie) University of Virginia Medical Center, Charlottesville

6. Virginia Hospital Center, Arlington County

7. (tie) Mary Washington Hospital, Fredericksburg

7. (tie) Winchester Medical Center, Winchester

9. (tie) Henrico Doctors’ Hospitals, Henrico County

9. (tie) Sentara Leigh Hospital, Norfolk

Virginia Commonwealth University Medical Center ranked second in Virginia for the second consecutive year and first in Richmond for the 14th year in a row. The hospital also ranked in three adult specialties: No. 19 for rehabilitation, No. 33 for orthopedics and No. 42 for cardiology, heart and vascular surgery.

VCU Medical Center was also second in Virginia and seventh in the Mid-Atlantic for children’s care, ranking nationally in eight children’s specialties. U.S. News and Word Report’s evaluation of the VCU hospital included data from Children’s Hospital of Richmond at VCU.

“These rankings are a testament to the unwavering dedication and collaborative spirit of our outstanding team members,” Michael Roussos, president of VCU Medical Center, said in a statement. “We are inspired daily by their commitment to excellence in patient care, medical education and groundbreaking research.”

In a three-way tie, Carilion Roanoke Memorial Hospital, Sentara Norfolk General Hospital and the University of Virginia Medical Center placed third in the state. U.S. News ranked Sentara Norfolk General Hospital No. 1 for the Virginia Beach-Norfolk-Newport News area.

Steve Arner, Carilion’s president and chief operating officer, said in a statement: “Quality guides everything that we do, and this U.S. News ranking is one example of the amazing work Carilion teams are doing every day. It’s great to see this commitment recognized on the national stage.”

U.Va. Medical Center placed first in Virginia and sixth in the Mid-Atlantic region for children’s care. U.S. News and World Report used data from University of Virginia Children’s Hospital in its evaluation of U.Va. Medical Center. The Charlottesville hospital ranked nationally in nine children’s specialties; of those, its highest ranking was 23rd for neonatology.

Breeden promotes multifamily Richmond region director

The Breeden Co. has promoted Lindsay McMurrough to multifamily regional director of the Richmond market within the Virginia Beach-based real estate company’s residential property management division.

McMurrough was previously a community manager. In her new role, she will oversee strategic direction of Breeden’s multifamily assets in the Richmond market.

“Lindsay’s promotion is a testament to her unwavering dedication and exceptional leadership qualities,” Breeden Property Management President Bonnie Moore said in a statement. “Her goal to build top-performing teams aligns perfectly with our company’s mission to deliver outstanding service and results.”

McMurrough joined Breeden in 2013 from Virginia Beach-based Great Atlantic Management, where she started her property management career in 2006. She is a National Apartment Association Certified Apartment Manager.