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Norfolk airport hotel is ‘desperately needed’
An influx of 200-seat airplanes is bringing record numbers of passengers into Norfolk International Airport, leading officials to fast-track infrastructure upgrades and pursue construction of an airport hotel. There is high demand for on-site lodging, especially among airline crews and travelers taking early morning flights, who often stay at downtown Norfolk hotels, says Norfolk Airport […[...]
Two Hampton Roads marketing agencies to merge
Norfolk-based WB Marketing’s parent company has acquired majority interest in Virginia Beach-based marketing and communications firm Meridian Group and will merge the two into one agency, Meridian Group announced Tuesday. Mike Matacunas from Norfolk-based private investment firm Five Hill Capital — WB Marketing’s parent — acquired the majority interest from Meridian Group founder J[...]
Ship repair contractor expanding Norfolk presence
Advanced Integrated Technologies (AIT), a ship repair contractor for the Navy, Coast Guard, Military Sealift Command and U.S. marine, industrial and commercial industries, will invest $500,000 to expand its Norfolk operations and add 76 jobs, Gov. Glenn Youngkin announced Friday. The Norfolk-based company will increase capacity at its location in Norfolk Industrial Park, off Ingleside […]
Bon Secours names new Maryview hospital president
Shane Knisley will be president of Bon Secours Maryview Medical Center in Portsmouth starting March 13, the health system announced Monday. Knisley joined Bon Secours in 2018, working in its Cincinnati market. He was most recently president of Mercy Health – Clermont Hospital in Batavia, Ohio. Prior to that, he served as chief operating officer […]
S.L. Nusbaum promotes retail leasing exec to VP
S.L. Nusbaum Realty Co. has promoted Maggie Spillane to vice president, the Norfolk-based realty company announced Tuesday. Spillane joined the company’s shopping center leasing department in 2020 as an associate, providing landlord representation and leasing services to a variety of retail centers in Hampton Roads. Prior to joining S.L. Nusbaum, she was director of commercial […]
Norfolk tech startup plans $1M expansion
Norfolk-based digital magazine startup Magazine Jukebox Inc. (MJB) will invest $1 million to expand, moving from a coworking space into an office, and will create an estimated 20 jobs. Gov. Glenn Youngkin announced the expansion Tuesday. “We are proud that Magazine Jukebox, an emerging leader in the technology services sector, was founded in Virginia and […]
Virginia hold ’em
The slot machines are already ringing out in Bristol and Portsmouth, where Virginia’s first commercial casinos opened during the past year. The state’s first permanent casino, Rivers Casino Portsmouth, opened its doors on Jan. 23. Operated by Chicago-based Rush Street Gaming, the resort has 1,148 slot machines, 57 table games and 24 poker tables, as […]
Building momentum
From olive oil to space rockets, 2022 saw a variety of companies seeking to invest — or reinvest — in the Hampton Roads region and Eastern Virginia. That kind of diversity of industries augurs well for the region’s economy, says Vinod Agarwal, professor of economics at Old Dominion University’s Strome College of Business. “In the […]
Warehouse portfolio with two Va. properties sells for $21.86M
Seven warehouses leased to Lansing Building Products, including two in Virginia, sold for $21.86 million, Cushman & Wakefield | Thalhimer announced Friday. The portfolio of warehouses totals 209,883 square feet, and the properties range from 20,000 to almost 50,000 square feet each. On average, 89% of each property is warehouse, and 11% is office space. […]
Angela and Carl Reddix donate $1.1M to JMU
James Madison University alumni Angela and Carl Reddix have made a $1.1 million commitment to their alma mater to support first-generation college students, JMU announced Friday. Founder, president and CEO of Norfolk-based ARDX, a health care management and IT consulting firm, Angela Reddix studied marketing at JMU and graduated in 1990. Her husband, Carl, studied […]
Hampton Roads’ Retail Alliance appoints new CEO
Jenny Crittenden is the new president and CEO of the Retail Alliance, making her the second woman to be president and CEO of the Hampton Roads nonprofit trade association in its 120-year history. The Norfolk-based alliance’s board of directors appointed Crittenden, formerly the organization’s senior vice president, on Feb. 16. Crittenden succeeds Ray Mattes, who […]
Health care venture to establish manufacturing facility in Norfolk
Princo LLC, a joint venture comprised of health care companies Premier Inc., Vario Labs LLC and Caretrust LLC, will invest up to $23.8 million to establish a health care products manufacturing facility in Norfolk, creating an expected 284 jobs, Gov. Glenn Youngkin announced Tuesday. Princo will initially invest $18.1 million with the potential to invest […]
