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Hampton apartments purchased for $2.89M
A 42-unit residential property in Hampton was sold for $2,890,000, Cushman & Wakefield | Thalhimer announced last week. Pembroke Pines, at 1625 W. Pembroke Ave., was sold to Pembroke HR 757 LLC from 1625 Pembroke Property LLC as an investment. Clark Simpson of Cushman & Wakefield | Thalhimer’s Capital Markets Group handled the sale negotiations […]
F-22 fighter jet training unit will relocate to Joint Base Langley-Eustis
The U.S. Air Force is relocating the branch’s only advanced training unit for F-22 Raptor fighter jets from Florida to Joint Base Langley-Eustis in Hampton, bringing some 2,300 people to the region, the Air Force confirmed to the Air Force Times newspaper on Wednesday, June 23. “We are thrilled to welcome the F-22 Raptor formal […]
Smithfield company announces $40M Fort Monroe redevelopment
Smithfield-based Pack Brothers Hospitality LLC on Wednesday announced plans for a conference center, hotel, 500-seat restaurant and an overhauled 300-slip marina on part of Fort Monroe in Hampton. The company plans to invest $40 million in the redevelopment project and has been granted a 40-year ground lease by the Fort Monroe Authority, the governor’s office […]
Hampton Roads multifamily portfolio sells for undisclosed amount
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921 […]
Newport News, Hampton launch Peninsula Cares Act Fund
The cities of Hampton and Newport News opened a new low-interest loan program for COVID-affected businesses on Thursday. Known as the Peninsula Cares Act Fund, it will lend a total of $1.5 million in amounts ranging from $7,500 to $375,000. Eligible businesses can use the funds for purchase and installation of machinery and equipment, building […]
Hampton industrial property sells for $1.7M
G & V LLC has purchased a 44,76-square-foot industrial building situated on 3.71 acres in Hampton for $1.74 million to open a manufacturing operation. The property is located at 315 E. Street. Clay Culbreth of Cushman & Wakefield | Thalhimer handled the sale negotiations on behalf of the purchaser; Robert L. Phillips, Jr., also with […]
Hampton University president announces retirement
After 42 years at the helm, Hampton University President William R. Harvey announced Monday he will retire at the end of June 2022. Harvey is one of the nation’s longest-serving university presidents and will retire with 44 years at the 152-year-old historically Black private university. He is the eighth longest-serving university president currently serving a term. […]
Hampton industrial building sells for $1.85M
An industrial building in Hampton has sold for $1.85 million, Cushman & Wakefield | Thalhimer announced Monday. The 39,200-square-foot property is located at 2506 58th St. The property is vacant, but the buyer, Reuter 58 LLC, will occupy the building, says Clay Culbreth of Cushman & Wakefield | Thalhimer. Industrial Properties Management LLC sold the […]
Land in Portsmouth sells for $1.05M
A 0.75-acre plot of land sold in Portsmouth for development of a car wash location, Cushman & Wakefield | Thalhimer announced Tuesday. Green Clean Holdings purchased the land located at 5820 High St. from Chesapeake-based Parker Burnell Real Estate Group for $1.05 million. The buyer plans to develop its ninth Hampton Roads Green Clean Auto […]
Amazon creating 200 more jobs in Hampton Roads
Amazon.com Inc. announced Tuesday it will open two additional delivery stations in Hampton Roads in 2021, creating more than 200 full- and part-time jobs. The ecommerce giant announced in March it would build two operations facilities in Hampton Roads (in Suffolk and Chesapeake), creating an expected 1,500 jobs. The additional delivery stations announced Tuesday will […]
Virginia Natural Gas donates $500K to Hampton University
Virginia Beach-based Virginia Natural Gas and its parent company, Southern Co., announced Thursday that the companies are donating $500,000 to Hampton University to support information technology infrastructure upgrades in light of new remote learning needs brought on by the pandemic. The funds, which are part of the Southern Co. Foundation’s $50 million HBCU (historically Black […]
Huntington Ingalls to establish unmanned systems center in Hampton
Gov. Ralph Northam announced Tuesday that Newport News-based Huntington Ingalls Industries (HII), the nation’s largest military shipbuilding company, will establish an unmanned systems center in Hampton, which will create more than 250 jobs. “Huntington Ingalls Industries is a national leader in advanced manufacturing, and this investment is a powerful testament to Virginia’s workers[...]
