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Recent Articles from Kate Andrews
Norfolk industrial building sells for $1.6M
An industrial building that houses Hampton Roads Church’s Norfolk location has been sold to an investor for $1.62 million, Cushman & Wakefield | Thalhimer announced last week. Stenke’s Homebase LLC, represented by Samuel W. Scott of Cushman & Wakefield | Thalhimer, purchased the 13,500-square-foot building at 1132 Pickett Road from Hampton Roads Church, represented by […[...]
BDO USA names Hampton Roads market leader
Accounting firm BDO USA LLP announced Thursday that Edward Amorosso has been named market leader for the company’s Hampton Roads market, a promotion from his previous position as the Norfolk office’s managing partner and national co-industry leader in government contracting. Before joining BDO, Amorosso served as CEO of McPhillips, Roberts & Deans, which was acquired […]
W.Va.-based United Bankshares to acquire Essex Bank for $303M
Henrico County-based Community Bankers Trust Corp., the parent company of Essex Bank, has entered into a $303.3 million deal to be acquired by Charleston, West Virginia-based United Bankshares Inc., United Bank’s parent. After the companies announced the agreement Thursday, Community Bankers Trust’s stock rose 29.78% as of mid-afternoon to $11.94 per share and United Bankshares’ [...]
Va. unemployment claims continue to decline
Virginia’s number of new and continued unemployment claims dropped again last week, with 8,090 initial claims filed during the week ending May 29, a decrease of 1,753 claims from the previous week, the Virginia Employment Commission reported Thursday. Continued claims totaled 52,228 last week, down 1,935 claims from the previous week. This time a year […]
Loudoun’s JK Land Holdings purchases 270 acres for data centers
The founder and CEO of Sterling-based JK Moving Services has purchased 270 acres in Loudoun and Prince William counties to be used for data centers that will provide 500 megawatts of IT capacity. Chuck Kuhn, CEO of JK Land Holdings LLC and JK Moving Services, has partnered with Dutch data center developer and operator Yondr […]
Youngkin leads Va. campaign fundraising, but most is from his own wallet
Republican gubernatorial nominee Glenn Youngkin raised $8.3 million over April and May, the highest amount in Virginia’s gubernatorial field, according to campaign finance reports issued Wednesday. However, $6.5 million was from his own bank account, in personal loans made to his campaign over the past six weeks. Former Gov. Terry McAuliffe continues to dominate the […]
Sentara, Cone Health call off merger
Sentara Healthcare and Greensboro, North Carolina-based Cone Health have abandoned plans for a merger first announced in August 2020, according to a joint statement released Wednesday from the two health care systems. The Sentara Healthcare Board of Directors and the Cone Health Board of Trustees came to the mutual agreement to end affiliation plans late […]
VMI report released; calls school ‘traditionally run by white men, for white men’
A long-awaited state report on an alleged culture of racism at Virginia Military Institute was released Tuesday afternoon, concluding that “VMI has … traditionally been run by white men, for white men,” although the state-funded military institution in Lexington has made “incremental steps towards a more diverse, inclusive VMI.” In a statement Tuesday, Virginia Gov. [[...]
Space race
With NASA on the verge of returning astronauts to the moon and one day to Mars, Virginia’s federal contractors also are taking a giant leap into space, fulfilling millions of dollars in NASA-related contracts over the next decade and possibly beyond. In a 2020 economic impact study commissioned by NASA, Virginia was ranked sixth in […]
Breaking down barriers
Maia Chaka, a health and physical education teacher at Virginia Beach’s Renaissance Academy, will be the National Football League’s first Black female referee, the league announced in March. A 2006 Norfolk State University alumna, Chaka has been officiating football since 2007, a journey that took her from high school games to the NCAA’s Division I, […]
