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Virginia Business announces Top Projects/Real Estate Deals awards
In July, Virginia Business will introduce its inaugural Virginia Top Projects & Real Estate Deals recognition program, honoring the innovative buildings, facilities and transactions reshaping Virginia’s landscape. (Applications are due April 17 and can be submitted at virginiabusiness.com/event/top-projects/.) Top Proj[...]
VCU hopes to acquire Altria building in Richmond for $150M
Virginia Commonwealth University has signed a letter of intent to acquire Altria Group’s building in downtown Richmond for $150 million.
US single-family housing starts fall in January
U.S. single-family housing starts fell 2.8% in January due to severe winter weather and economic challenges, with permits also declining, signaling weak near-term growth.
Saks to close Tysons Galleria store, laying off 70 workers
Saks Global Enterprises announced that it plans to close its Saks Fifth Avenue store at the Tysons Galleria, laying off 70 employees.
Electrical contractor plans $14M investment for Hanover facility
Rosendin plans a $14 million investment at the Lakeridge Logistics Center in Hanover County, creating 250 jobs.
US existing home sales unexpectedly increase as mortgage rates decline
US existing home sales increased 1.7% in February 2024 due to declining mortgage rates and improved affordability, despite tight supply constraints.
Investor buys Morgan Olson facility in Pittsylvania
An investment buyer purchased the 927,500-square-foot Morgan Olson manufacturing plant at Cane Creek Centre in Pittsylvania County.
Freedom Financial relocating corporate HQ to Tysons
Freedom Financial Holdings will relocate its corporate headquarters from Fairfax city to Tysons by the end of March.
Virginia housing market saw late 2025 recovery as rates eased
Virginia's housing market recovered late in 2025 with increased home sales and falling mortgage rates, while industrial growth continues in key regions.
Virginia sees notable spike in pending home sales in January
Virginia’s housing market kicked off the year with rising buyer activity, expanded inventory and stable home prices.
