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AvalonBay, Equity Residential announce $69B merger, creating real estate behemoth

AvalonBay and Equity Residential announce a merger with an enterprise value of $68B, creating a major apartment REIT.

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NextEra-Dominion merger: What’s in store for Virginia?

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latest news

Anheuser-Busch signature products Budweiser, Michelob Ultra and Bud Light. Photo courtesy Anheuser-Busch

Anheuser-Busch to invest $5.8M to expand Williamsburg brewery

St. Louis-based beer producer Anheuser-Busch announced Thursday that it is investing $5.8 million to upgrade its Williamsburg Brewery.

Industries

The U.S. flag, a judge gavel and a vintage scale are seen in this illustration taken August 6, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Nexstar says it is losing millions as it seeks quick review of order halting Tegna merger

Nexstar Media Group asks appeals court to expedite review of order halting its $6.2 billion merger with Tegna amid tens of millions in losses.

Real Estate

Neil Amin speaks at a groundbreaking celebration Monday. Photo courtesy Shamin Hotels

Shamin Hotels breaks ground on $100M+ hotel in Richmond

Shamin Hotels celebrated breaking ground Monday on a $100M+, dual-brand Marriott hotel in Richmond's Scott's Addition.

Money

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2026. REUTERS/Brendan McDermid/File Photo

Wall Street indexes end slightly higher as investors focus on Mideast peace hopes 

Wall Street indexes closed slightly higher amid hopes for U.S.-Iran peace talks and mixed earnings reports from Walmart and Nvidia, impacting market sentiment.

Government

Default Alt Text

Arlington County taps new economic development director

Arlington County has named Anna Nissinen of the Fairfax County Economic Development Authority as its new chief economic development officer.

People

Chantilly-based government contractor Amentum has named Sam Nazari as its inaugural chief AI architect. Photo courtesy Amentum

Amentum names inaugural chief AI architect

Chantilly-based government contractor Amentum has named Sam Nazari as its chief AI architect, a newly created position.

latest news

  • Anheuser-Busch to invest $5.8M to expand Williamsburg brewery
  • Norfolk waterfront project removes offshore wind in revised federal bid
  • Virginia Business wins international awards for breaking news, cover design
  • $100B data center project proposed at Berry Hill megasite advances
  • Innovative Refrigeration Systems plans expansion in Augusta, adding 214 jobs

BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

Richmond Metropolitan Transportation Authority

Richmond Metropolitan Transportation Authority

Richmond Metropolitan Transportation Authority CEO Joi Taylor Dean has been elected 2026 president of the International Bridge, Tunnel and Turnpike Association. Dean outlined a vision,[...]

Marsh McLennan Agency | New Hire | Whitney Lawrence

Marsh McLennan Agency | New Hire | Whitney Lawrence

Whitney has joined Marsh McLennan Agency (MMA) as an Employee Health & Benefits Vice President, effective March 16. In this role, she will help bring[...]

Lynden P. Garland, Jr., joins CPL

Lynden P. Garland, Jr., joins CPL

  Lynden P. Garland, Jr., AIA, NOMA, LEED AP, CDT, MBA, NCARB Principal Lynden P. Garland, Jr., AIA, joins CPL with 25+ years of leadership[...]

Old Dominion Electric Cooperative (ODEC)

Old Dominion Electric Cooperative (ODEC)

Old Dominion Electric Cooperative (ODEC), one of the nation’s largest and most successful Generation and Transmission Cooperatives, announced that Mike Wise, Senior Vice President of[...]

BDO USA | Promotion Shawn Harrigan

BDO USA | Promotion Shawn Harrigan

BDO USA has named Shawn Harrigan an Assurance Principal in the Richmond office. With 22 years’ experience, Harrigan focuses on REITs, real estate fund audits,[...]

EVENTS

C-Suite Awards

June 4th, 2026 - 11:30 AM

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

Details coming soon!

Forty Under 40 recognizes up and coming business professionals — Under the age of 40 — based on their professional accomplishments, comm[...]

Best Places to Work in Virginia

Details coming soon!

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

Women In Leadership

Details coming soon!

The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

see all events

Around The Nation

US weekly jobless claims fall amid labor market resilience

OpenAI aiming for speedy IPO, source says, as market awaits SpaceX filing

Oil prices slump after Trump comments while analysts point to supply crunch

GameStop increases stake in eBay to more than 6%

Oil prices fall as Trump pauses Iran attack plans

Elon Musk loses lawsuit against OpenAI

A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, U.S., October 8, 2025. REUTERS/Arathy Somasekhar

Oil prices rise 3% to two-week high on Iran war supply concerns

Oil prices rose about 3% to a two-week high amid concerns over supply disruptions from the Iran war and U.S. sanctions waivers during talks.

Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Kevin Lamarque/File Photo

US debt load could undercut Warsh’s plan to shrink Fed balance sheet

Federal Reserve chief Kevin Warsh's plan to reduce the Fed's balance sheet faces challenges from rising U.S. debt and higher long-term interest rates.

Renovations continue at the Federal Reserve Board building in Washington, D.C., U.S., November 14, 2025. REUTERS/Elizabeth Frantz/File Photo

Markets begin eyeing a Fed rate hike around the turn of the year

Markets are pricing in a Federal Reserve interest rate hike by early 2027 due to persistent inflation, with a 60% chance by January's FOMC meeting.

A view shows oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo

Oil prices up 2% as Trump and Iran’s comments dent peace hopes

Oil prices rose about 2% after comments from U.S. President Donald Trump and Iran's foreign minister reduced hopes for peace around the Strait of Hormuz.

A contract crew from Verizon installs 5G telecommunications equipment on a tower in Orem, Utah, U.S. December 3, 2019. Picture taken December 3, 2019. REUTERS/George Frey/File Photo

FCC approves Verizon’s $1B spectrum purchase

The FCC approved Verizon's $1 billion deal to acquire spectrum assets from U.S. Cellular, enhancing network coverage and capacity across the U.S.

Opinion

U.S. equity fund inflows ease to a six-week low

Are your best people leaving over money — or this?

Maritime and logistics can lift the commonwealth

No one’s indispensable — and that’s a good thing

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

JMU will host seminars in 2026 examining the nation’s founding principles and civic engagement. Photo courtesy James Madison University

Making the business case for InternshipsVA

InternshipsVA establishes a framework that encourages Virginia employers to start or expand high-quality, paid internship programs.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

Millennials burn out while holding it all together

The other day I was sitting in back-to-back meetings when two notifications hit at once. My son’s school called — he’d fallen and needed to be picked up from school immediately. At the same time, an email from my mom popped up asking for help with her prescriptions. Work was on fire. And I was […]

Richard Foster. Photo by James Lee

Bridging the workplace soft-skills gap across generations

An editor’s take on Gen Z soft skills, mentorship at work and Virginia Business marking 40 years covering the commonwealth’s business community.

On Jan. 15, 2022, Republican Glenn Youngkin was sworn in as Virginia’s 74th governor on the steps of the state Capitol. Photo courtesy governor’s office.

Why Virginia’s one-term limit for governors deserves a second look

As Virginia prepares to swear in its first woman governor, it’s worth reexamining whether the commonwealth’s one-term limit on governors serves the state’s long-term economic and leadership interests.

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

The December question every leader should anticipate

As the year winds down, our calendars fill with two things: out-of-office replies and existential dread. December has a funny way of putting a mirror in front of us. In the quiet between deadlines and family gatherings, a perennial set of questions shows up: What am I doing with my life? Do I still want […]

Contributor Content

Contributor Content

How Small Businesses Build Stronger, More Scalable Operations in a Digital Economy

How Small Businesses Build Stronger, More Scalable Oper...

National Small Business Week in May is an opportunity to celebrate the resilience[...]

Contributor Content

Image generated by Gemini

Bluefield’s Bold Border Plan: How a Cross-State I...

Straddling the spine of the Appalachian Mountains, the cities of Bluefield, Virginia, and[...]

Contributor Content

Image generated by Gemini

Why Commercial Vehicle Accidents in Roanoke County are ...

For many businesses, the interstate is an essential ingredient to their success. These[...]

Contributor Content

Photo-Credit---Kim-Peters,-Elevation_AMA_Panel_-32

How We’ll Eat, Shop + Travel in 2026

Last month, Elevation and AMA Richmond brought together marketers and business leaders for[...]

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