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Norfolk high rise sells for $27.5 million
The Lafayette, an apartment tower in Norfolk, has sold for $27.5 million, according to Norfolk public records. Philadelphia-based PRG Real Estate Management Inc. purchased the property from Graycliff Capital Partners and Buligo Capital Partners; it is the company’s seventh apartment investment in Hampton Roads, according to Colliers, which brokered the sale. The Lafayette is in […]
PRA Group promotes exec to chief HR officer
Norfolk-based international debt acquisition company PRA Group Inc. has promoted executive LaTisha Tarrant to chief human resources officer. Tarrant will start her new role Aug. 15. She currently serves as senior vice president, deputy general counsel and corporate secretary for the global financial services company. She has worked for PRA Group since 2016. “Talent recruitment, […]
Norfolk’s Military Circle Mall headed for wrecking ball
Norfolk’s Military Circle Mall will close by the end of the year to make way for its demolition in the first quarter of 2023. The decision to close the mall came after Norfolk Economic Development Authority members toured the aging facility on Wednesday, Norfolk Economic Development Director Jared Chalk told Virginia Business. EDA members voted […]
ODU names exec director of research foundation
Old Dominion University has named Shannon Robinson as associate vice president of research and executive director of the ODU Research Foundation. Robinson comes to ODU from Clarkson University, her alma mater, where she has worked since 2017. She was associate vice provost for research and technology transfer at the private research university in Potsdam, New […]
PRA Group hires communications exec
Norfolk-based PRA Group, a $1.1 billion debt-purchasing company, has hired Giovanna Genard as vice president of external affairs and marketing leader. Genard will develop and oversee PRA Group’s global external communications, public relations and brand strategy. Before joining PRA Group, Genard served as Old Dominion University‘s assistant vice president for public relations and strat[...]
Creating community vibes
In Virginia Beach, most tourists flock to the Oceanfront. But just a couple blocks west, you’ll find an area that feels a little more artsy and a lot more local. In the 15-block ViBe Creative District, situated between the Virginia Beach Convention Center and the Oceanfront, coffee shops and restaurants operate out of former industrial […]
Gambling on Hampton Roads
Roy Corby’s first job at a casino was as a dealer. Now, Corby is general manager of the $300 million Rivers Casino Portsmouth, which is on track to become the first Virginia casino to open in a permanent location. It plans to open in January 2023 at the intersection of Victory and Cavalier boulevards, off […]
HeadWaters temporary casino changes course in Norfolk
HeadWaters Resort & Casino, the Pamunkey Indian Tribe’s $500 million gaming project planned for Norfolk, announced Wednesday it is abandoning its temporary casino plans at Harbor Park, instead locating the facility on the same property as the permanent casino. “Issues were recently raised about the address of the proposed initial gaming facility,” the tribe said […]
ODU names new chief marketing officer and VP
Old Dominion University has named Jaime L. Hunt to serve as in the newly created roles of vice president of university communications and chief marketing officer. The university announced the hire Wednesday. Hunt has worked since September 2020 as vice president and chief marketing and communications officer at Miami University in Ohio, where she oversaw the […]
ODU, EVMS merger possibility arises with new officer hire
A high-profile hire announced Tuesday by Old Dominion University has raised questions about the possibility of a formal merger with Eastern Virginia Medical School, although statements from the two Hampton Roads educational institutions say it’s “premature” to respond to questions about the prospect. Dr. Alicia Monroe will join ODU in a few weeks as chief […]
Norfolk apartment community sells for $12.4M
Cleghorn Capital purchased a 104-unit apartment community in Norfolk from Israeli investment fund Valore for $12.8 million, Marcus & Millichap announced July 7. Valore at Southern Park, located at 7922 Old Ocean View Road, has three buildings, each with two stories, and was built in 1964 and renovated in 1999. The 104,944-square-foot property has 5.04 […]
Carsales.com to fully acquire Trader Interactive
Australian online auto sales forum Carsales.com Ltd. plans to acquire the remaining 51% of Norfolk-based Trader Interactive from Eurozeo and Goldman Sachs Asset Management for $839.14 million, the companies announced this week. Carsales.com bought 49% of Trader Interactive in August 2021 for $624 million and will now own the company in its entirety, funding the […]
