Sign In
Free Newsletter
Va. Credit Union loses bid to expand membership
The Virginia State Corporation Commission ruled Wednesday that the Chesterfield County-based Virginia Credit Union cannot expand its membership to the Medical Society of Virginia, possibly resolving a three-year battle between the credit union, the Virginia Bankers Association and several community banks in the state. The credit[...]
Potter’s Craft Cider plans expansion
Albemarle County-based Potter’s Craft Cider will expand its production operation and add eight jobs, Gov. Glenn Youngkin’s office announced Friday. The company will undertake adaptive reuse of a vacant 11,500-square-foot warehouse in the Woolen Mills District near downtown Charlottesville. The new cidery, which will [...]
Albemarle retail building sells for $2.3M
Woodhaven Development Group LLC purchased a 3,204-square-foot retail building in Albemarle County from First Citizens Bank & Trust Co. for $2.3 million. The property is located at 1815 Fortune Park Road in Albemarle and will be redeveloped. The building is on 1.35 acres of land off U.S. Route 29 near the Charlottesville-Albe[...]
CVTC property inches closer to redevelopment
Once home to more than 3,600 people with intellectual disabilities and other conditions, the Central Virginia Training Center property in Amherst County is drawing closer to a different future. In June, Gov. Glenn Youngkin signed into law the latest state budget, which removed $25 million in tax obligations from the 350-acre sit[...]
First National Bank to expand in NoVa, Richmond
FNB Corp., parent company of First National Bank, announced Wednesday it will expand its presence in Virginia, particularly in the Northern Virginia area. According to a news release, FNB expects to add four branches in Reston and Arlington by 2024, in addition to seven currently operating in the greater Washington, D.C., area. [...]
Arko Corp. buys Quarles Petroleum
Richmond-based Fortune 500 convenience retail holding company Arko Corp. has acquired Fredericksburg-based Quarles Petroleum for $170 million, Arko announced Monday. Arko Corp. debuted this year on the Fortune 500 list at No. 498 and is the parent company of Richmond-based GPM Investments LLC, one of the nation’s largest convenience store chains. Quarles Petroleum is one […]
Capital Square acquires The Trails at Short Pump
Henrico County-based real estate investment firm Capital Square has acquired The Trails at Short Pump, a 350-unit apartment community in western Henrico, the company announced Tuesday. Located at 3900 Acadia Lane, the nearly 32-acre property offers one-, two- and three-bedroom units averaging 878 square feet each. The acquisitio[...]
Newport News Shipbuilding promotes three execs
Newport News Shipbuilding has announced several leadership changes as the shipyard attempts to optimize and speed operations. Matt Needy is now vice president and chief transformation officer, after previously serving as vice president of Navy programs. In his new role, Needy is responsible for executing Newport News’ stra[...]
EY names eight Virginians mid-Atlantic entrepreneurs of year
Eight leaders from six Virginia businesses have been named winners of Ernst & Young LLP’s Mid-Atlantic Entrepreneur of the Year Award for 2022. The winners, named in early July by the Big Four multinational professional services company, include: 10Pearls | Imran Aftab, co-founder and CEO, Vienna Aireon LLC | Don Thom[...]
Richmond’s Maymont wins $8M tourism grant
Updated July 20, 2022 Maymont Foundation, which maintains and runs Richmond’s Maymont park, was awarded an $8 million federal grant Tuesday to promote regional tourism, the U.S. Department of Commerce’s Economic Development Administration announced. With an additional $2 million in matching funds from the foundation,[...]
Hopewell businesses get boost after pitch competiton
Jonathan Montiel and his business partners Phillip and Lexi Hughes bought a building in downtown Hopewell and then asked community members what they needed. Their answer: more restaurants. That’s how City Point Ice Cream & Burgers was born, and it’s why the trio think they won the $15,000 first prize in the Homeg[...]
Colonial Heights shopping center sells for $5.45M
Q&L Realty LLC has purchased the Southpark Square Shopping Center in Colonial Heights from the Colonial Heights Land Associates Limited Partnership for $5.45 million, Divaris Real Estate Inc. announced Thursday. The 35,705-square-foot retail shopping center is located at 1829-1865 Southpark Blvd. in Colonial Heights. The sho[...]
