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June 2025 for the record
A monthly round up of the top business stories in the state of Virginia
Virginia Natural Gas breaks ground on $50M Chesapeake HQ
Virginia Beach-based Virginia Natural Gas on Tuesday broke ground on a $50 million operations headquarters in Chesapeake.
Sail250 to bring 60 ships to Norfolk for America’s big birthday
Gov. Glenn Youngkin last week kicked off the one-year countdown to Sail250 — an enormous maritime festival that’s expected to bring more than 3 million visitors to Virginia and generate at least $150 million in revenue.
Chesapeake Planning Commission recommends against data center
The Chesapeake Planning Commission voted 6-1 Wednesday night to recommend denial of a rezoning for a 350,000 square-foot data center in the Great Bridge area of Chesapeake after hundreds of residents passionately opposed the project.
Phenix Commerce Center lands first tenant
Global e-commerce fulfillment, warehousing, and logistics provider Cirro Global has signed on to be the first tenant to move into the 840,000 square-foot Phenix Commerce Center in Hampton.
Avalon Townhomes in Hampton sell for $26.5M
Real estate investment and development companies Rock Creek Property Group and Two Rivers Realty Partners announced last week that they acquired a 182-unit townhome rental community in the Buckroe Beach area of Hampton for $26.5 million.
Maritime Law Firms 2025
A list of Virginia law firms specializing in maritime law practice
New logistics centers boost Virginia’s supply chain edge
Four major logistics hubs, including Amazon and Port 460, open across Virginia in 2024, enhancing East Coast distribution and supply chain access.
State funding to help revitalize Hampton Roads port properties
Virginia awards $2.4M to support seafood market, shipyard repairs, and new rail facility in Newport News, Norfolk and Portsmouth port communities.
Amazon holds grand opening for Virginia Beach delivery station
Amazon on Tuesday announced that it had officially opened its new 200,000-plus square-foot delivery station in Virginia Beach. The facility, located at 2201 Harpers Rd, is Amazon’s 17th delivery station in Virginia and the sixth site in Hampton Roads
Trump official urges criminal probe of NY AG over Virginia home purchase
NORFOLK, Va. (AP) — In the summer of 2023, New York Attorney General Letitia James helped her niece buy a modest house in Norfolk, Virginia, by becoming a co-borrower on the mortgage loan. A top housing official in the Trump administration has now seized on a document in that transaction to argue that James should […]
TowneBank to acquire Old Point in $203M deal
Suffolk-based TowneBank announced plans Thursday to acquire Old Point Financial, parent company of The Old Point National Bank of Phoebus, in a deal valued at $203 million. The merger, which is expected to enhance TowneBank’s position as the bank with the most market share in Hampton Roads, follows the April 1 completion of TowneBank’s $120 […]
