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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 […]
Health care systems are in their building era
At some medical centers around Virginia, construction workers donning hard hats are nearly as prevalent this year as medical staff wearing scrubs. From smaller-scale renovations to new hospitals with billion-dollar price tags, health care systems are undertaking a wide range of projects to respond to growing (and aging) populations and expand services at hospital campuses, […]
Completed home sales decrease in Feb. for NoVa, Hampton Roads
Housing sales in February decreased year-over-year in Northern Virginia and Hampton Roads. Inventory and median selling prices increased in both regions. Northern Virginia Closed sales in Northern Virginia decreased year-over-year in February, according to Northern Virginia Association of Realtors data released March 11. The median home price and active listings rose compared to the same […[...]
Whistleblowers in Sentara insurance investigation revealed
UPDATED MARCH 18 The U.S. District Court for the Western District of Virginia has unsealed a whistleblower complaint against Sentara Health that accused the Hampton Roads health care system of improperly inflating local insurance rates in 2018 and 2019. On Feb. 14, the court revealed the plaintiffs are Sara Stovall, Ian Dixon and Karl Quist […]
Langley Federal Credit Union CEO to retire
Langley Federal Credit Union President and CEO Tom Ryan will retire at the end of the year, following 13 years of leading the Newport News financial institution. The credit union, which is the fourth largest credit union based in Virginia, announced Ryan’s retirement Wednesday and credited him with overseeing significant growth of the organization – […]
Jan. housing inventory, prices increase in NoVa, Hampton Roads
Housing sales last month increased year-over-year in Northern Virginia but dropped in Hampton Roads, although inventory and sales prices rose in both regions. Northern Virginia Home sales, prices and inventory in Northern Virginia rose year-over-year in January, according to Northern Virginia Association of Realtors data released Tuesday. Last month, 833 homes sold in Northern Virginia, […]
Norfolk focuses on cruise and entertainment tourism
The “city surrounded by water” — Norfolk — is going through “an evolution, putting in necessary investments to stay on top of the times” as a tourism destination, says Sean Washington, the city’s director of economic development. The city is expanding its cruise center to accommodate an influx of passengers year-round, has broken ground on […]
White House decisions weigh heavily on Va., Hampton Roads economies, experts say
While federal workers ponder taking a buyout offer from President Donald Trump and a now-rescinded federal funding freeze memo caused confusion and worry over the status of major economic development projects in Virginia, economists at Old Dominion University say uncertainty in Washington, D.C., is the major factor affecting the state’s and Hampton Roads’ economic futures […]
Retired Naval Station Norfolk commander is new Suffolk econ dev chief
Retired Navy Capt. Janet H. Days, who retired last year as commanding officer of Naval Station Norfolk, the world’s largest naval station, will be taking on a new tour of duty in February as director of Suffolk‘s economic development department, the city announced Wednesday. She’ll start her new job Feb. 7, according to the announcement. […]
New dockworker strike threat looms for Port of Virginia
Shippers in Hampton Roads are bracing for a renewed dockworker strike in mid-January after contract negotiations between the International Longshoremen’s Association and the United States Maritime Alliance stalled in November. More than 45,000 dockworkers walked off their jobs for three days starting Oct. 1 at ports from Maine through Texas, including at the Port of […]
