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Norfolk

Brittany Place apartments. Photo courtesy Berkadia
Jun 23, 2020

Norfolk apartment complex sells for $17M

The Brittany Place apartment complex in Norfolk has sold for $17 million, New York City-based commercial real estate company Berkadia Commercial Mortgage LLC announced late last week.  Located at 6143 Edward Street, the complex includes 148 two-bedroom units. The Affordable Housing Corp. sold the property to 6143 Edward Street LLC in a transaction that closed […]

Sentara Brock Cancer Center. Photo courtesy Sentara Healthcare
Jun 19, 2020

Sentara opens $93.5M Brock Cancer Center in Norfolk

Norfolk-based Sentara Healthcare announced Friday it has opened the $93.5 million, 253,000-square-foot Sentara Brock Cancer Center, a patient treatment and care facility in Norfolk.  The facility, which started construction in March 2018, opened to patients on June 1. It’s named for philanthropists Joan Brock and her late husband Macon. A three-time cancer survivor, Joan Brock […]

Port expansion project nears finish line
May 19, 2020

Port expansion project nears finish line

The Port of Virginia announced Monday that the final group of stacking cranes needed to complete the $375 million crane addition portion of expansions at both the Norfolk International Terminals and Virginia International Gateway arrived May 14. The offloading process began the next day, Friday, May 15, and continued through the weekend. During the past […]

May 18, 2020

Norfolk nonprofit awards $2M to small businesses to battle sea level rise

Norfolk-based nonprofit organization RISE announced Monday that up to $2 million will be allocated among five small businesses to advance the design of products to help coastal communities adapt to sea level rise and flooding. “Once again, RISE demonstrates the value of their unique model in providing economic development opportunities as solutions for Virginia to […]

ODU President John R. Broderick
May 18, 2020

ODU president retiring in 2021

Old Dominion University President John R. Broderick announced Monday that he will be retiring in summer 2021. ” I am proud of the many breakthroughs Old Dominion has achieved in the past 12 years, including more than $940 million in new or committed resources. I look forward to watching Old Dominion climb many more mountains, […]

Norfolk buys former Military Circle hotel for $2.4M
May 8, 2020

Norfolk buys former Military Circle hotel for $2.4M

Less than a week after Norfolk announced its purchase of the Military Circle Shopping Mall for $11 million, the Norfolk Economic Development Authority (EDA) said Thursday it has also approved a plan for the city to purchase the former DoubleTree Hotel at Military Circle for $2.4 million.  The hotel property was listed for sale for […]

Norfolk buys Military Circle Shopping Mall for $11M
May 1, 2020

Norfolk buys Military Circle Shopping Mall for $11M

The Norfolk Economic Development Authority (EDA) announced Friday it approved a plan for the city to purchase the Military Circle Shopping Mall for $11 million to redevelop the mall and surrounding area for mixed-use development. “The Military Circle corridor is the crossroads of the Hampton Roads region,” Norfolk Mayor Kenneth Cooper Alexander said in a […]

The Breeden Co. starts construction on $70M waterfront apartment complex
Apr 23, 2020

The Breeden Co. starts construction on $70M waterfront apartment complex

Virginia Beach-based real estate developers The Breeden Co. began construction this week on a $70 million waterfront apartment complex in the Fort Norfolk area. The Lofts at Front Street will include a 258-unit, five-story apartment complex with studio, one-, two- and three-bedroom units, an internal parking garage and a pedestrian walkway. Leasing will be available […]

TowneBank moving closer to Norfolk Southern Tower purchase
Apr 3, 2020

TowneBank moving closer to Norfolk Southern Tower purchase

Suffolk-based TowneBank is moving closer to purchasing the 22-story Norfolk Southern Tower, reaching an agreement to purchase a nearby downtown Norfolk parking garage for $8.5 million. TowneBank hopes to close on the parking garage and the Norfolk Southern building this summer, TowneBank spokesperson Joel Rubin said Thursday. TowneBank’s headquarters will remain in Suffolk. No sales price [[...]

Feb 28, 2020

$112M flood resilience project breaks ground in Norfolk

Gov. Ralph Northam and Norfolk Mayor Kenneth Cooper Alexander broke ground Friday on the Ohio Creek Watershed project, aimed at protecting two Norfolk neighborhoods from flooding due to sea-level rise. The project will include the new Resilience Park, which will connect the historic Grandy Village and Chesterfield Heights neighborhoods, as well as a flood berm, […]

A Norfolk Southern freight train (AP Photo/David Boe)
Feb 18, 2020

Norfolk Southern moving Roanoke distribution center, locomotive shop to Pennsylvania

Norfolk-based Norfolk Southern Corp. (NS) is moving its Roanoke distribution center and locomotive shop operations to Pennsylvania, the company announced Tuesday, affecting a total of 104 employees in the Roanoke Valley area. The Fortune 500 rail transportation company will move those jobs and its associated work to Altoona, Pennsylvania, with 19 clerical positions eliminated. Roanoke’s [&he[...]

Feb 11, 2020

Two Va. hospitals ranked in nation’s top 100

Healthgrades has named its 2020 list of the top 250 hospitals in the United States, and two Virginia hospitals landed in the top 100. Inova Fairfax Hospital in Falls Church and Sentara Leigh Hospital in Norfolk are in the top 2% of the America’s Best Hospitals survey released Tuesday. Inova Fairfax was recognized as one […]

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