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Connecticut firm sues former Diamond District partners for $40M
A Connecticut-based developer, Republic Projects, has filed a $40 million lawsuit against its former partners in Richmond’s $2.44 billion Diamond District project, a city-backed mixed-use development that includes a replacement for the 40-year-old Diamond baseball stadium. Republic Projects, the plaintiff in the lawsuit fi[...]
Batten donates $100M to expand W&M marine, coastal research
Jane Batten, the matriarch of a Hampton Roads family known for its philanthropy, has pledged $100 million to William & Mary to boost coastal and marine science research towards finding global solutions for flooding and sea-level rise, the Williamsburg university announced Wednesday. The newly named Batten School of Coastal &[...]
Speyside Bourbon Cooperage to create 40 jobs in Pittsylvania
Speyside Bourbon Cooperage will invest $16.85 million to build a new stave mill in Pittsylvania County’s Brosville Industrial Park, Gov. Glenn Youngkin announced last week. A U.S. subsidiary of a French company, Speyside Bourbon Cooperage produces staves, or strips of wood, from American White Oak, which are used to make the company’s bourbon barrels. Pittsylvania […]
NoVa, Hampton Roads home sales fall in June
Home sales in Northern Virginia and Hampton Roads dropped year-over-year in June, as homes stayed on the market longer and median sales prices rose. Northern Virginia June home sales in Northern Virginia fell 13.8% from June 2023 and 12.2% from May, according to data released July 11 by the Northern Virginia Association of Realt[...]
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 — [...]
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[...]
Framatome Inc. taps new CEO and president
Starting Aug. 8, Anthony “Tony” Robinson will take over as the next CEO and president of Framatome Inc., the North American subsidiary of the French nuclear equipment, services and fuel producer. A former executive for Framatome and BWX Technologies, Robinson replaces Katherine Williams, who retired after 20 years wo[...]
Carilion Clinic CEO Agee announces retirement
After more than a decade at the helm of Carilion Clinic, Nancy Howell Agee plans to retire at the end of September, the health system announced Wednesday. Steve Arner, who was promoted to president in May 2023, will replace her as Carilion’s top executive, effective Oct. 1. Agee was born at Roanoke Memorial and later [&hel[...]
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[...]
Grant Thornton taps new D.C. market managing principal
William “Bill” Marx Jr. is Grant Thornton’s new market managing principal for the Washington, D.C., area, the Chicago-based U.S. arm of the global accounting firm network announced Wednesday. Marx succeeds Greg Wallig, who was the company’s metro D.C.-Arlington County market managing principal and added the role of publi[...]
Homestead Creamery to expand Franklin County facility
Dairy products maker Homestead Creamery will carry out a $2.5 million renovation and expansion of its Franklin County production facility, Gov. Glenn Youngkin announced Wednesday. The company will build a new ice cream production room and install additional production and refrigeration equipment and freezers. The expansion is in[...]
$681M subsea cable plant coming to Chesapeake
A U.S. subsidiary of a South Korean cable manufacturer plans to build a $681 million subsea cable manufacturing plant in Chesapeake, the company announced Tuesday. The project is expected to create 338 jobs. LS GreenLink USA’s Chesapeake subsea cable factory will be built at the Deep Water Terminal Site in Chesapeake, a 96[...]
