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Va. launches Amtrak service from downtown Richmond to D.C. and New York
Virginia is launching the Amtrak Northeast Regional Route 51, a thrice daily service from downtown Richmond to Washington D.C. and New York, Gov. Ralph Northam announced Monday from Main Street Station. “If you’ve ever been stuck on I-95, you know we can’t pave our way out of congestion,” Northam said in a statem[...]
Primis Bank selling minority interest back to Southern Trust Mortgage
Glen Allen-based Primis Bank, a wholly-owned subsidiary of McLean-based Primis Financial Corp., entered into an agreement to sell its minority interest back to Virginia Beach-based Southern Trust Mortgage LLC (STM), it announced Thursday. Primis Financial Corp. expects to record a pre-tax charge of about $2.9 million in the third quarter. STM will repurchase all of […]
Home sales, price growth to slow in 2022 after rapid 2021 rises
Virginia home sales in 2022 will be down by about a tenth of a percent compared to 2021 sales, according to a forecast report released Friday by Virginia Realtors. In 2021, the report projects a total of about 148,600 home sales in Virginia, up 6.2% from 2020. “While home sales activity in 2021 will surpass […]
U.Va. receives $50M gift for new performing arts center
The University of Virginia announced Friday it has received a $50 million lead gift to build a performing arts center, a donation by Tessa Ader, a prominent Charlottesville-area philanthropist who serves on the Fralin Museum of Art advisory board at U.Va. “My late husband, Richard, and I long felt that a state-of-the-art perfo[...]
Thomas Nelson Community College renamed Va. Peninsula
Thomas Nelson Community College, based in Hampton and James City County, will soon be called Virginia Peninsula Community College, the Virginia Community College System’s state board voted Thursday. In February, the college’s local advisory board voted unanimously to change the school’s name, bestowed to honor [...]
Roanoke College president to retire in 2022
Michael C. Maxey, the 11th president of Roanoke College, announced Thursday that he will retire at the end of the academic year. Maxey has been with Roanoke College, located in Salem, since 1985 and has served as president since 2007. He has served the longest of any of the college’s presidents, according to a news […]
Youngkin has 5-point lead in UMW governor’s race poll
In the most recent round of dueling gubernatorial poll results, Republican candidate Glenn Youngkin has a five-point lead among likely voters against Democrat Terry McAuliffe, Virginia’s former governor seeking a second, nonconsecutive term, according to a University of Mary Washington statewide survey conducted earlier th[...]
Company to build $4.2M facility in Brunswick County
Southern Virginia Vegetable Packing LLC has partnered with Brunswick County Industrial Development Authority, with plans to build a 45,000-square-foot, $4.2 million produce processing and packing facility that is expected to create 40 jobs over three years, Gov. Ralph Northam announced Thursday. Old Dominion Organic Farms, a member of Southern Virginia Vegetable Packing, will operate the […][...]
New jobless claims in Va. surge by 300%
After three weeks of declining unemployment claims statewide, the number of new claims shot up more than 300% last week, the Virginia Employment Commission reported Thursday. At the same time, continued claims dropped by more than 3,000 for the filing week ending Sept. 18. The VEC said in Thursday’s report that the end of [...]
Charleston developer breaks ground on mixed-use building in Richmond
Charleston, South Carolina-based real estate development company The Beach Co. announced Tuesday that it had broken ground on a 1.65-acre mixed-use development in Richmond called Tidewater, which has an expected completion of spring 2023. Located in the Manchester neighborhood at 700 Semmes Ave., the six-story development will h[...]
U.Va. opens Northern Virginia campus
The University of Virginia announced Wednesday it has opened a campus in the Rosslyn neighborhood of Arlington, with plans to expand to other sites in the region. The campus in Northern Virginia will be called UVA|NOVA. “UVA|NOVA will be the center point of our efforts to better serve the commonwealth by bringing new academic [...]
AES promotes investment chair to CFO
Arlington-based Fortune 500 energy company The AES Corp. announced Tuesday it had promoted Stephen Coughlin to executive vice president and chief financial officer, effective Oct. 15. Coughlin most recently led AES’ corporate strategy and financial planning groups and served as chair of the company’s investment committee. Be[...]
