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Northern Va. home prices rise, home inventory falls in February
Chantilly-based Long & Foster Real Estate released a report Thursday showing that median home sale prices rose, but home inventory dropped in most of Northern Virginia in February. The Long & Foster Real Estate Market Minute Report studied trends in Alexandria, Arlington, Fairfax County, Loudoun County and Prince Willi[...]
Richmond developer raises $7M for apartment building in Scott’s Addition
Capital Square Realty Advisors LLC, a Henrico County-based real estate investment and management company, announced Monday that it has raised $7 million from investors for a five-story, 80-unit apartment building in the city’s popular Scott’s Addition neighborhood. Scott’s Collection I, which will be located on[...]
JBG Smith gets green light for 300-foot-tall apartment towers in Crystal City
Bethesda, Maryland-based developer JBG Smith Properties has secured the final permissions from Arlington County for two, 300-foot-tall apartment towers in Crystal City near where the real estate company is developing and leasing space for Amazon.com Inc.’s $2.5 billion HQ2 East Coast headquarters. The mixed-use development[...]
The Community Foundation debuts $3M fund to aid nonprofits
Richmond-based nonprofit The Community Foundation is partnering with the Emergency Management Alliance of Central Virginia and PlanRVA to create a regional emergency response fund to support Richmond-area nonprofits responding to the impact of COVID-19. The $3 million Central Virginia COVID-19 Response Fund was seeded with a $500,000 contribution from The Community Foundation and will be […][...]
Henrico nursing home has 4 coronavirus patients, 3 more pending
Four residents at Canterbury Rehabilitation & Healthcare Center in Henrico County tested positive for coronavirus in the past 48 hours and three more residents who are exhibiting COVID-19 symptoms are being tested, the nursing home announced Friday afternoon. “Per guidance from the Henrico County Health Department, all seven patients are currently being treated onsite in […]
Sterling biotech firm launches COVID-19 test
Sterling-based biotech company Aperiomics has launched a COVID-19 test available for to medical providers nationwide for $250 per sample. Aperiomics says it has the capacity to process and deliver results on 1,000 tests per week. The company says it can turn around results from its Xplore-COVID-19 tests within 48 to 72 hours of receiving a […]
Altria CEO Howard Willard contracts coronavirus
Henrico County-based Altria Group Inc. CEO Howard Willard has tested positive for COVID-19 and is taking a temporary medical leave of absence, Altria’s executive vice president and general counsel Murray Garnick told all salaried and hourly employees through a memo released late Thursday. “Howard has been out of the [...]
Tegna receives new acquisition offer
Now the subject of a bidding war, Tysons-based broadcast and digital media company Tegna Inc. has received a new acquisition offer from investment firm The Najafi Cos. and religious broadcaster Trinity Broadcasting Network (TBN) that values the company at $20 per share cash, the companies announced Thursday. Tegna was once part of McLean-based mass media […]
Richmond ABC store near VCU closes due to COVID-19
A Virginia Alcoholic Beverage Control Authority (ABC) retail store near Virginia Commonwealth University in Richmond has been closed until further notice after a store employee’s roommate tested positive for COVID-19. Both roommates are quarantined at home. Located at 1217 West Broad Street near the corner of West Broad and North Harrison streets, the store is […]
Coronavirus spreads to Southwest Virginia
A Botetourt County woman in her 80s who is in serious condition at Carilion Roanoke Memorial Hospital is the first confirmed case of COVID-19 in Southwest Virginia, Carilion Clinic and Botetourt County officials confirmed Thursday. The woman was admitted to the hospital on March 16, exhibiting COVID-19 symptoms, according to Dr.[...]
Philip Morris USA suspending Richmond manufacturing operations after second coronavirus case
Henrico County-based Altria Group Inc. has temporarily suspended operations at its Philip Morris USA manufacturing center in South Richmond after a second Philip Morris employee tested positive for COVID-19, Altria Director of Communications George Parman says. Altria expects the manufacturing center to suspend its operations fo[...]
MicroStrategy CEO draws fire for denying COVID-19 is health crisis
Michael Saylor, the CEO of Tysons-based tech company MicroStrategy Inc., wrote a later-redacted three-page memo to his 2,400 employees this week arguing that COVID-19 is not a public health crisis and saying he refused to close down MicroStrategy’s offices and shift to teleworking unless he was legally required to do so. In the letter, he […]
