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Central Virginia

QTS Data Centers has purchased all of the White Oak Technology Park II property in Henrico. Rendering of a potential data center at the site courtesy Hourigan
Jul 19, 2024

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 — [...]

Virginia officials and AMPAC Fine Chemicals executives held a shovel ceremony May 4 in Petersburg to celebrate an expansion of AFC’s site. Photo courtesy SK Global Development Group
Jul 17, 2024

Reports: Novo Nordisk in talks to buy Petersburg Ampac plant

Two South Korean media outlets have reported that the South Korean owner of Ampac Fine Chemicals may sell its manufacturing plant in Petersburg to Novo Nordisk, the Danish global pharmaceutical company. Sources told The Korea Economic Daily that the Seoul-based manufacturing conglomerate SK Group, which purchased Ampac in 2018 f[...]

Jul 16, 2024

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 [&h[...]

Aerial map of Fort Darling Road
Jul 15, 2024

Chesterfield County facility sells for $9.3M

An entity associated with Barefoot Spas, a hot tub and swim spa manufacturer, sold a five-acre property in Chesterfield County to an entity associated with Maguire Hayden Real Estate Company, a Pennsylvania commercial real estate investment firm, on July 1 for $9.3 million, Cushman & Wakefield | Thalhimer Capital Markets Gro[...]

Photo of four-story building
Jul 12, 2024

Owens & Minor leases new HQ in Henrico

Henrico County is getting a fifth Fortune 500 company. Global health care logistics and supply company Owens & Minor is moving from Hanover County to a new headquarters in Henrico’s Innsbrook Corporate Center.  The company is leasing the fourth floor of the Highwoods One building at 10900 Nuckols Road, according to Will B[...]

Lindsay McMurrough
Jul 12, 2024

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 [...]

Jul 10, 2024

Dominion Energy issues RFP for small modular reactor at North Anna

At an event with Virginia Gov. Glenn Youngkin and other state officials at its North Anna nuclear power plant in Louisa County, Dominion Energy announced plans Wednesday to potentially develop a small modular reactor (SMR) at North Anna. Dominion officials said they were issuing a request for proposals for the SMR from nuclear t[...]

Chandra Briggman
Jul 8, 2024

Briggman leaving post as CEO of Activation Capital

Chandra Briggman is leaving her position as president and CEO of Activation Capital, the Richmond tech incubator announced Monday. Her last day is Friday. Briggman joined Activation Capital, an accelerator arm of the Virginia Biotechnology Research Partnership Authority, in May 2020; the organization includes a biotech park, sta[...]

Jun 27, 2024

Richmond switches up stadium funding plan

UPDATED JULY 16 Richmond City Council this spring pitched a bit of a curveball on financing of the city’s new baseball stadium. On May 8, councilors approved a plan that they say would save the city money and get the replacement stadium — part of the proposed Diamond District — completed in time to meet […]

Jun 26, 2024

State delays choosing Shenandoah medical marijuana provider

At its June 26 meeting, the Virginia Cannabis Control Authority was expected to announce which company, among 40 applicants, had been selected from a highly competitive process to become the sole licensed pharmaceutical processor of medical cannabis for a region including the entire Shenandoah Valley, as well as the cities of Ch[...]

2001 Bellwood Road in Chesterfield County. Photo courtesy Cushman & Wakefield | Thalhimer
Jun 21, 2024

Chesterfield County industrial properties sell for $9.85M

An industrial warehouse and about 11.6 adjoining acres in Chesterfield County were sold for $9.85 million, Cushman & Wakefield | Thalhimer announced earlier in June. According to county property records, 2001 Bellwood Road LLC purchased an 85,549-square-foot warehouse at 2001 and 1911 Bellwood Road and an additional 11.6 acr[...]

The economy isn't yet feeling the effects of raised interest rates, Federal Reserve Bank of Richmond President and CEO Tom Barkin said Thursday at a Risk Management Association Richmond chapter event.
Jun 21, 2024

Barkin: Still a waiting game for interest rates’ effect on inflation

The U.S. economy has yet to feel the effects of current interest rates, but it eventually will, Federal Reserve Bank of Richmond President and CEO Tom Barkin predicted Thursday during an event held by the Risk Management Association’s Richmond chapter in the city’s East End. “I’m optimistic that we’ve gotten rates [...]

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