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TowneBank to acquire Old Point in $203M deal
Suffolk-based TowneBank announced plans Thursday to acquire Old Point Financial, parent company of The Old Point National Bank of Phoebus, in a deal valued at $203 million. The merger, which is expected to enhance TowneBank’s position as the bank with the most market share in Hampton Roads, follows the April 1 completion of TowneBaTowneBank’s $120 […]
Virginia Beach-based Groundworks names new president, COO
Groundworks, a Virginia Beach-based foundation and water management solutions company, has promoted two senior executives to president and chief operating officer. Michael Mullican, who joined Groundworks over a year ago as chief financial officer, has been named president and retains his CFO title, and Jeffrey Martin, most recently Groundworks’ chief revenue officer, is now COO, […]
Defense optics manufacturer to open Virginia Beach facility
Vidarr, which makes night vision goggles and other defense optical equipment, will invest $2.69 million over the next three years to open a manufacturing facility in Virginia Beach, a project estimated to create 40 jobs, Gov. Glenn Youngkin announced Friday. The New Hampshire company’s manufacturing facility is moving into a 16,410-square-foot building located at 2656 […]
Retired Newport News Shipbuilding prez joins Armada Hoffler board
Virginia Beach-based real estate investment trust Armada Hoffler announced Monday that it has appointed former Newport News Shipbuilding President Jennifer Boykin to the company’s board of directors. “We are excited to welcome Mrs. Boykin to our board of directors,” Armada Hoffler President and CEO Shawn Tibbetts said in a statement. “Her extensive leadership experience and […]
Petersburg City Council grants zoning approval for $1.4B casino resort
Petersburg City Council and Planning Commission unanimously gave final approval Tuesday for the zoning permits for Live! Casino Resort — paving the way for site development work to start in preparation for the construction of the multi-phase project. The $1.4 billion casino resort, which will be built on an undeveloped 100-acre site at the intersection […]
Virginia Beach hires economic development director
Virginia Beach has hired a new director of economic development. City Manager Patrick Duhaney appointed Christian Green to the post, and he will join the city Feb. 24, according to a Tuesday announcement. Green follows Charles E. “Chuck” Rigney, who resigned from the job in July 2024. In an August 2024 article in The Virginian-Pilot, […]
Breeden regional director retires after 28 years
After nearly three decades at The Breeden Co., Debbie Gordon retired Friday, according to an announcement from the Virginia Beach real estate development and property management company. Gordon, regional director of Breeden’s multifamily property management division, joined the company in 1997. Under Gordon’s leadership, the company successfully reached the break-even occupancy rate fo[...]
Done and Dome — Oceanfront venue to open in May
When Three Dog Night takes the stage May 4 at The Dome, the 1970s rock band will help open a new chapter in live performances at the Virginia Beach Oceanfront that it closed more than three decades ago. Known for hits such as “Joy to the World,” the band was the last group to play […]
2025 Virginia Black Business Leaders Awards: Shaun Buford
Buford joined radio giant Audacy in 2012 as director of sales, receiving the additional title of vice president in 2022. Before joining Audacy, he was sales manager for CBS/Viacom and New Jersey-based radio station WQXR. In April 2024, Buford and Audacy stepped in for the rescheduled Something in the Water and held a music festival […]
Something in the Water called off, found in breach of contract
Something in the Water, music and fashion mogul Pharrell Williams’ Virginia Beach music festival, has been called off after missing an extended deadline Monday. Last week, Virginia Beach officials gave concert organizers a five-day deadline to meet the city’s requirements for a lineup of performers and a start to ticket sales for the April 26-27 […]
Va. Beach gives Something in the Water 5-day deadline over contract breach
After receiving a brief reprieve, the clock is ticking for organizers for Pharrell Williams’ Something in the Water music festival. Organizers were given five days to make significant progress in meeting Virginia Beach’s requirements for a lineup of performers and a start to ticket sales, city officials decided Tuesday. If organizers do not meet the […]
Dominion says offshore wind farm moving forward, despite executive order
President Donald Trump started his second term Monday with a flurry of executive orders, including one that temporarily ceases all federal wind leases under consideration and calls for an “immediate review” of the policies before resuming. So, what does that mean for Virginia and Dominion Energy, which is midway through constructing its $9.8 billion Coastal […]
