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Offshore wind coworking space opens in Norfolk
The growing offshore wind industry in Hampton Roads caught another gust Wednesday with the opening of a coworking and networking space in Norfolk‘s World Trade Center. The hub, called the Virginia Offshore Wind Landing — or the Landing, for short — is a joint venture of Old Dominion University’s OpenSeas Technology Innovation Hub, the Hampton […]
Norfolk Family Dollar store sold for $2.47M
A Family Dollar store in Norfolk has been sold for $2.47 million, Cushman & Wakefield | Thalhimer announced this week. The building at 2328 E. Princess Anne Road was sold on April 30 by Twin Rivers Capital to 527 Kings Hwy LLC, with sale negotiations handled by Catharine Spangler with Thalhimer’s Capital Markets Group and […]
Valve manufacturer announces $1.9M expansion in Norfolk
Norfolk-based Dante Valve Co. will expand its operations with a $1.9 million investment, Virginia Gov. Ralph Northam announced today. The family-owned business, which marked its 60th anniversary last year, is an international manufacturer and distributor of pressure-relief valves and related products — primarily for submarines, aircraft carriers and other naval vessels. The U.S. Navy is [&hellip[...]
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 […]
Sentara Healthcare named one of top 5 U.S. large health systems
Norfolk-based Sentara Healthcare was named one of the top five large U.S. health systems in an annual ranking by Fortune and IBM Watson Health released Tuesday. Sentara landed in fifth place, receiving five stars for clinical outcomes and operation efficiency and three stars for patient experience. This is the second year Sentara was ranked among […]
Norfolk Southern names new VP of government relations
Norfolk-based Norfolk Southern Corp. announced on Tuesday that its board of directors has elected Frank Voyack as the company’s vice president of government relations, effective May 1. Voyack succeeds Marque Ledoux, who is retiring after 18 years with the Fortune 500 freight railroad. In his new role, Voyack will lead Norfolk Southern’s efforts in Washington, […]
Norfolk industrial building sells for $3.75M
A 66,000-square-foot industrial building in Norfolk has sold for $3.75 million. Virginia Beach-based Club Forrest Acquisitions LLC purchased the building, located at 4500 Progress Road, from Boston-based Wheeler Commercial Properties. The deal closed on April 15. The building is situated on a four-acre parcel and is currently occupied by Superior Distribution, a subsidiary of Texas-based […[...]
CoStar to purchase Norfolk-based Homes.com for $156M
CoStar Group Inc. announced Wednesday it has reached an agreement to purchase Homes.com, a division of Norfolk-based Dominion Enterprises, for $156 million in cash. Homes.com is a residential property listing and marketing portal that brings nearly 1.8 million residential property listings each month to its membership base of more than 500,000 residential real estate agents […]
International logistics company announces $61M Norfolk expansion
Katoen Natie Norfolk Inc., a plastics and polymers warehousing and distribution company, plans to expand its operation in Norfolk, investing $61 million and creating 35 jobs, the governor’s office announced Tuesday. A subsidiary of Belgian logistics service provider Katoen Natie, the Norfolk company was established in 2011 at the former Ford Motor Co. assembly plant […]
Eight over 80
What keeps a person working at an age when most of us are happy to let others take care of business? These overachieving Virginians, all over age 80, have remained hard at work mostly for one or more of three reasons. The first is being able to continue work with family. Retirement is rarely mandatory […]
Saving the day
Running from police, an unremarkable bad guy with sandy hair suddenly grabs a little girl and dangles the young hostage from the third floor of a mall atrium. As a gaggle of nonplused bad guys decked out in ’80s pastels and John Oates mustaches look on, the skylight above shatters. It’s Wonder Woman, swooping into […]
Military Circle redevelopment could include arena
Four groups — including mid-Atlantic developers, entertainment and sports figures, concert promoters and arena operators — are competing for a chance to redevelop Norfolk‘s aging Military Circle Mall into a mixed-use community. Overhauling the struggling mall has long been on the city’s to-do list, but the project was jump-started last year when the Norfolk Economic […]
