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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 TowneBaTowneBank’s $120 […]
Hampton University achieves prestigious R2 research status
Hampton University announced last week that it has obtained Research 2 designation — making it one of the few historically Black colleges and universities to do so. The university received the designation from the Carnegie Classification of Institutions of Higher Education, which ranks research institutions based on the volume and breadth of their research activity. […]
SEC, Hampton managing partner of BFM Fund settle charges
The Securities and Exchange Commission settled charges in early October against a Hampton-based managing partner of The BFM Fund and a limited liability company for allegedly breaching their fiduciary duties and misleading investors. Himalaya Rao-Potlapally of Hampton is a managing partner of Portland, Oregon-based BFM Fund, a seed-stage private venture capital fund focused on founders […]
Fahrenheit Advisors hires Hampton Roads leader
Richmond consulting firm Fahrenheit Advisors has hired Stephen Hoy as managing director of business development for the Hampton Roads area, the company announced Monday. Hoy will develop new relationships and support existing clients from Williamsburg to Virginia Beach. Most recently, Hoy was director of sales and strategic partnerships for Strive, a California company that offers […]
Construction begins on Hampton Logistics Center
New York’s Turnbridge Equities and Maryland’s Manekin, both real estate development and investment firms, have begun construction on two Class A industrial warehouse buildings in Hampton off Interstate 64, located less than 20 minutes from the Port of Virginia, according to an announcement this week. The two companies, which raised about $70 million for the […]
Liebherr to expand Newport News-Hampton facility
Newport News-based Liebherr Mining Equipment will invest $72.3 million to expand a plant at the border of Newport News and Hampton, creating an estimated 175 jobs, Gov. Glenn Youngkin announced Tuesday. “We thank Liebherr, an international leader in mining equipment manufacturing, for its commitment to the commonwealth of Virginia,” Youngkin said in a statement. “Liebherr […]
Virginia 500 Spotlight: CLAYTON TURNER
FIRST JOB: Stock boy at Sears WHAT MAKES ME HAPPIEST: Family and NASA MY MOST VALUED POSSESSION: Joy HOW I BALANCE MY WORK AND PERSONAL LIVES: By being fully present in both for all activities and interactions and not allowing artificial urgency to encroach from one to the other TRAIT I MOST ADMIRE IN OTHERS: […]
Small biz pilot program to aid Phoebus retailers
Five small retailers in Hampton‘s Phoebus downtown historic district will receive micro grants and nearly a year of free professional guidance, thanks to funding from a state grant awarded to The Retail Alliance, a nonprofit trade association in Norfolk. The Retail Alliance and the Phoebus Partnership, a nonprofit organization bolstering area small businesses, won the […]
Developers put Fort Monroe marina redevelopment on indefinite hold
The redevelopment of Old Point Comfort Marina at Fort Monroe has been put on hold due to rising costs, with no timeline specified for when it could occur. Instead of negotiating a long-term development agreement, the Fort Monroe Authority (FMA) and Smithfield-based hospitality management company Pack Brothers Hospitality (PBH) are now discussing a revised management […]
