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Virginia 500 Spotlight: ERIK H. NEIL
FIRST JOB: Busboy at Washington Golf & Country Club in Arlington HOBBY/PASSION: Traveling, especially to Italy HISTORIC PERSON I WISH I COULD MEET: [Chrysler Corp. founder] Walter Chrysler, who created this great collection and gave it to the people FAVORITE SPORTS TEAM: Princeton Tigers basketball RECENT BOOK READ: “Stay True: A Memoir,” by Hua Hsu […]
Rising alarm
Over the years, scientists have warned about sea-level rise, especially in Norfolk, which has the highest rate on the East Coast. “Norfolk is very flat. When you see a small increase in water levels, a wide part of land floods in response,” says Molly Mitchell, a researcher at the Virginia Institute of Marine Science, which […]
Subs going Down Under
A 2021 agreement between Australia, the United Kingdom and the United States should reap benefits in Hampton Roads soon. Dubbed AUKUS for the three participating nations, the international agreement calls for the U.S. and the U.K. to share nuclear propulsion technology with Australia, with the Royal Australian Navy set to acquire at least eight nuclear-powered […]
Princess Cruises trades Yorktown stops for Norfolk
On the surface, Princess Cruises’ decision to abandon plans to stop in historic Yorktown in favor of Norfolk would appear to be an economic blow. In reality, it may be only a slight hit, and one many area residents apparently are fine with. Princess announced last year it would make three port calls in Yorktown […]
Wilbanks Smith and Thomas acquired
Norfolk-based Wilbanks Smith and Thomas Asset Management has been acquired by Cleveland-based registered investment adviser Clearstead Advisors. The companies signed the merger in February 2024. Financial terms of the acquisition, which closed April 1, were not disclosed. Clearstead rebranded WST’s advisory business as Clearstead Advisory Solutions, a division of Clearstead Advisors. A wealt[...]
Norfolk mayor says apartments, hotel could replace MacArthur Center
MacArthur Center mall in downtown Norfolk is expected to be replaced by a major mixed-use development, which could be called “The Anchorage,” featuring a 400-room, military-themed hotel and 518,000 square feet of high-rise residential space, Norfolk Mayor Kenny Alexander announced April 12 during his State of the City speech. “MacArthur Mall demands a bold vision […]
Australian maritime co. to start sub/shipbuilding school in Hampton Roads
An Australian maritime company announced Tuesday it will set up a submarine and shipbuilding training institution in Norfolk for the short term and will seek a permanent home in Newport News. Quality Maritime Surveyors (QMS), based in the suburbs of Adelaide, Australia, is one of the pioneering companies to take the plunge into Virginia’s waters, […]
ODU maritime training alliance designated federal Center of Excellence
The Hampton Roads Maritime Industries Education Alliance (HRMIEA) has been designated a 2024 Center of Excellence for Domestic Maritime Workforce Training and Education by the U.S. Maritime Administration (MARAD), Old Dominion University announced Thursday. HRMIEA received the designation, good for five years, on Feb. 16, according to Elspeth McMahon, ODU’s assistant vice president for marit[...]
Norfolk strip mall near NSU sells for $2M
University Shoppes, an 8,800-square-foot retail strip center in Norfolk, sold for $2 million, according to a news release from S.L. Nusbaum Realty. An entity registered as University Shoppes LLC sold 1500 E. Brambleton Shoppes, which is located near Norfolk State University, to an entity registered as 1500 East Brambleton Shoppes LLC. The shopping center has […]
Kaufman & Canoles has new president and CEO
Jason R. Davis became president and CEO of Norfolk-based law firm Kaufman & Canoles on Monday. Davis, who has been with Kaufman & Canoles since 1997, succeeds William R. Van Buren III in his role as president. Van Buren has served as the firm’s president and chairman for 16 years and will remain chairman. “I […]
Norfolk apartments are sold for $3.1M
A 20-unit apartment property in Norfolk sold for $3.1 million on March 20. Located at 1314 and 1318 Little Bay Ave., the property has 20 one-bedroom units that are each 600 square feet. The units were built in 1970. Tidewater View sold the property to Nouveaux Little Bay. Justin Ferguson, Altay Uzun, Theo Jolley and […]
Top Five April 2024
The top five most-read daily news stories on VirginiaBusiness.com from Feb. 14 to March 13 were led by news that Danish toymaker Lego will delay production at its Chesterfield County facility until 2027. 1 | Lego delays Chesterfield production start to 2027 Lego Group will begin production at its $1 billion manufacturing facility […]
