Sign In
Free Newsletter
VersAbility Resources lands $140M Air Force contract
Hampton-based VersAbility Resources Inc. has received a $140.7 million contract to support mail and postal service center support at Air Force installations across the U.S., the Pentagon announced Friday. The firm-fixed-price, indefinitely delivery contract was a sole source acquisition and work is expected to be complete by Jan. 17, 20s3. Founded in 1953, VersAbility Resources […]
New NASA tunnel could boost Va. space industry
As NASA pushes the reaches of space exploration, a new wind tunnel at the agency’s Hampton-based Langley Research Center will serve an important role in journeys beyond Mars and could also boost Virginia’s space industry. In August, NASA broke ground on its new 25,000-square-foot Flight Dynamics Research Facility (FDRF), which will house the 130-foot-tall vertical […]
Under construction
Hampton Roads Bridge-Tunnel Hampton and Norfolk Construction is underway along 10 miles of the Interstate 64 corridor from Hampton to Norfolk on the $3.9 billion Hampton Roads Bridge-Tunnel expansion project. In June, crews on the South Island began reassembling Mary, the 430-foot, $70 million tunnel boring machine (TBM) that was delivered to the Port of […]
Hampton University names next president
A Hampton University graduate and retired Army lieutenant general will be the next president of Hampton University. Darrell K. Williams will succeed William R. Harvey as Hampton’s next president. Harvey announced his retirement in December 2020. His last day will be June 30. “Running a university is complex, as was made evident by the global […]
Hampton multifamily property sells for $9.25M
Barrington Woods, a 136-unit multifamily property in Hampton, has sold for $9.25 million, Cushman & Wakefield | Thalhimer announced Wednesday. Outlier Realty sold the property, at 607 Michigan Dr. in Hampton, to Los Angeles-based investor DBC Barrington. Clark Simpson and Erik Conradi of Cushman & Wakefield | Thalhimer’s Capital Markets Group in Hampton Roads and […]
Hampton nonprofit wins potential $126M Navy contract
Hampton-based nonprofit VersAbility Resources Inc. won a U.S. Navy contract potentially worth $126.14 million, the U.S. Department of Defense announced Friday. The $10.5 million indefinite delivery, indefinite quantity contract has a five-month base period with four one-year options and six-month extension option. VersAbility Resources will assist Naval Supply Systems Command with shipboard mainte[...]
Lumen apartments sell for $82M in Hampton
New York-based Kushner Cos. has purchased the 300-unit Lumen luxury apartment complex in Hampton for $82 million, Berkadia Institutional Solutions announced Thursday. Located at 2100 N. Campus Parkway near the Hampton Roads Center business park, the Lumen complex was sold by a partnership formed by Virginia Beach-based real estate development company L.M. Sandler & Sons […]
Old Point Trust names new president and CEO
Hampton-based Old Point Trust & Financial Services has a new president and CEO, its parent company announced Thursday. A. Eric Kauders Jr., who led Bank of America’s $16 billion fiduciary business in three states, started his new job this week, succeeding Eugene M. Jordan II, now Old Point Financial Corp.’s general counsel and corporate secretary. […]
Amazon opens career center, two distribution facilities in Hampton Roads
Amazon.com Inc. has launched a career center and two delivery stations in Hampton Roads, it announced Wednesday. The Amazon Career Center opened last week at 1989 S. Military Highway in Chesapeake and will serve as a hiring and orientation hub for Amazon’s facilities in Chesapeake, Suffolk, Norfolk, Hampton and Virginia Beach. One delivery station opened […]
Old Point National Bank appoints VP operations
Hampton-based Old Point National Bank has appointed Christopher Hobbs as its vice president of operations, the bank announced Wednesday. “We are so pleased to have Chris Hobbs join the Old Point family,” said Susan R. Ralston, executive vice president and chief operating officer for Old Point, in a statement. “His expertise will be instrumental as […]
Northam appoints members to newly created cannabis boards
Virginia Gov. Ralph Northam has appointed members to three newly created oversight boards for the legalization of recreational marijuana, his office announced today. On July 1, Virginia’s adult-use cannabis legislation changes began going into effect. This year, the General Assembly legalized possession of up to one ounce in public and home cultivation of up to […]
Hampton corporate campus sells for $1.95 million
Watson’s Petroleum Equipment Service Real Estate LLC, an entity connected with the petroleum service based in Hampton, purchased a 26,214-square-foot office, manufacturing and warehouse campus on 4.45 acres for $1.95 million, Cushman & Wakefield | Thalhimer announced this week. The property at 3130-3301 NASA Drive in Hampton was acquired from Hampton Commerce Center LP as […]
