Sign In
Free Newsletter
Atlantic Union Bank names Maria Tedesco COO
Richmond-based Atlantic Union Bank has named Maria Tedesco its chief operating officer, effective immediately. It’s a new position for the bank. Tedesco will continue in her role as president as well. She joined the bank in 2018 and previously was chief operating officer for BMO Harris Bank’s U.S. retail and business[...]
Youngkin sworn in as Virginia’s 74th governor
RICHMOND, Va. — Republican Glenn Youngkin was sworn in Saturday as Virginia’s 74th governor on the steps of the state Capitol. The political newcomer and former private equity executive is the commonwealth’s first Republican governor since Bob McDonnell, who took office in 2010. The commonwealth also made history in el[...]
Park West End apartments sell for $59M
Henrico County-based property development company McCann Realty Partners LLC acquired a 312-unit apartment community in its own backyard for $59.25 million on Dec. 27, according to Henrico County property records. Built in 1985, the 224,768-square-foot apartment community sits on 18 acres at 5300 Glenside Drive. The buildings ha[...]
State awards $7M in grants to help with site readiness
Eleven commercial projects across the commonwealth will get a boost to help with site readiness, Gov. Ralph Northam announced Thursday. The Virginia Business Ready Site program, administered by the Virginia Economic Development Partnership, awarded $7 million in development grants. Having project-ready sites available has been a[...]
Roaring ’20s repeat possible, Richmond Fed president says
Federal Reserve Bank of Richmond President and CEO Thomas Barkin said he could visualize another round of the “roaring ’20s,” he said Thursday during the Virginia Bankers Association/Virginia Chamber 2022 Financial Forecast event. Driven by investment and real estate appreciation, the nation has seen a 28% boost in[...]
NoVa Chamber and U.Va.’s Sorensen Institute partner to promote civics
The Northern Virginia Chamber of Commerce and the Sorensen Institute for Political Leadership at the University of Virginia’s Weldon Cooper Center for Public Service announced Tuesday their Advancing Civics partnership to encourage collaboration among business and government leaders. The Northern Virginia Chamber wants to prom[...]
IT firm set to bring 125 jobs to Richmond
A Fairfax County-based software consulting and managed services company, Intact Technology, is creating a second presence in the state with a location in Richmond, an expansion expected to create 125 jobs, Gov. Ralph Northam announced Wednesday. According to Intact Technology CEO Jesse White, the company is exploring options in Richmond’s Shockoe Bottom neighborhood. “Our application […][...]
Williams Mullen hires former McAuliffe adviser
Williams Mullen has hired Christopher J. “Chris” McDonald as a director of government relations in the Richmond office. McDonald previously served as a member of former Virginia Gov. Terry McAuliffe’s administration, counseling the governor’s office, the secretary of commerce and trade and the then-Depart[...]
Recent commercial real estate sales in Virginia
Central Virginia An 8,540-square-foot mixed-use building in Lynchburg sold for $1.3 million. Built in 2018, the property, located at 1285 Enterprise Drive, includes three two-bedroom, two-bathroom apartments and two first-floor commercial suites, both under long-term leases. It was 100% occupied at the time of sale. Virginia Beach-based Anjuna LLC bought the property from FOF LLC. […]
Commercial real estate leases across Va.
The following leases were completed between Dec. 14, 2021, and Jan. 10: Central Virginia Matt Gentry Agency renewed 1,151 square feet at 8401 Patterson Ave. in Richmond. Catherine Walker of Colliers Virginia handled the transaction on behalf of the landlord. American Pest Management leased 5,007 square feet at 1750 E Parham Road in Richmond. Joe […]
Breeden Construction hires marketing manager
Richmond-based Breeden Construction has hired Corbin Matacunas as the company’s marketing manager, Breeden announced Friday. Matacunas will be responsible for conceiving and executing marketing strategies and tactics that drive growth, in addition to working on brand development and messaging. “Corbin is results-oriented[...]
Markel promotes Hollis Zyglocke to lead mid-Atlantic region
Glen Allen-based Fortune 500 holding company for insurance, reinsurance and investment operations Markel Corp. has promoted Hollis Zyglocke to regional president, mid-Atlantic region, for the company’s Markel Specialty division, the company announced Thursday. Zyglocke will lead the region within Markel Specialty’s e[...]
