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HII investing $28M for Hampton manufacturing facility
Newport News-based Fortune 500 contractor Huntington Ingalls Industries is investing $28 million to create an aircraft carrier and submarine manufacturing plant in Hampton, the city's mayor said Wednesday.
Apartment-style hotel coming to Hampton in 2026
North Carolina-based stayApt Suites plans to open a 103-suite hotel in Hampton, with an expected opening in summer 2026.
Firms compete for plan to reimagine Fort Monroe
The Fort Monroe Authority plans to develop a Landscape Action Plan that will steer the future of the more than 560-acre site in Hampton.
Peninsula businesses to get capital boost
Small and midsize businesses in distressed and underserved areas of Hampton and Newport News will be able to access economic support through a new $50 million low-interest business loan program. Launched in June by the nonprofit Greater Peninsula C.A.R.E.S. Foundation, the Peninsula Cooperative Fund is designed to close funding gaps and boost minority-owned businesses. PCF […]
Hampton logistics company closes, laying off 63
Hampton-based delivery company Rochambeau Logistics closed last week, laying off 63 employees in the process.
NASA Langley could lose 672 jobs under Trump’s proposed budget
Trump’s 2026 budget proposal could slash 672 jobs at NASA Langley Research Center in Hampton.
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.
Sentara reorganizes to market-based model
Sentara Health has changed its operating model to a regional market-based system, the Virginia Beach-based health system announced May 13.
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.
Hampton University gets new CFO
Hampton University has tapped Robert Pompey as its new chief financial officer and senior vice president for business and finance, Hampton University President Darrell K. Williams announced April 16. As CFO, Pompey will oversee the HBCU’s financial operations, including budgeting, investments, financial reporting and long-term fiscal strategy. He will also provide oversight over human resour[...]
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 […]
