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The Breeden Co. restructures property management division
The Breeden Co., a Virginia Beach-based real estate development firm, is restructuring its property management division. Barry Tomlin, vice president of property management at The Breeden Co. in Virginia Beach, will leave the company Aug. 5, Breeden announced last week. Tomlin has been with Breeden since 2007. “Over the last 10 years, we have created […]
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 […]
A new look at Va. Beach’s Atlantic Park
The $350 million Atlantic Park surf park development planned for Virginia Beach’s Oceanfront will start construction in October or early November, developers told Virginia Business this week. Virginia Beach-based Venture Realty Group also shared new renderings of the project, which Venture has been co-developing with music icon and Virginia Beach native Pharrell Williams. In planning stages[...]
Lumos plans Hampton Roads fiber internet expansion
Lumos announced last week an $83 million ultra-high-speed fiber internet expansion that is expected to extend 100-gigabyte capacity over 760 miles in Hampton Roads, affecting as many as 85,000 residents and businesses across Virginia Beach, Chesapeake and Portsmouth by 2025. According to a news release, construction is expected to begin in 2023 and take two […]
Incubator offers foothold for international firms
Minimal risk, long-term success. Chorus Intelligence Ltd., a British software company that sells products and services for law enforcement investigations, had these goals in mind when it set its sights on the U.S. sales market. With the help of a new Virginia Beach incubator focused on supporting international businesses, Chorus is gaining a foothold in […]
Lingerfelt sells Va. Beach hotel for $82M
Richmond-based commercial real estate investment firm Lingerfelt Commonwealth Partners LLC has sold the Delta Hotel by Marriott Virginia Beach Bayfront Suites for $82 million to New York-based Black Pearl Capital, Lingerfelt announced June 17. Lingerfelt Commonwealth Partners acquired the hotel in 2018 for $19 million and completed a $29 million renovation and rebranding. Located in […]
Va. Beach economic development director is finalist for Oregon job
Virginia Beach Deputy City Manager and Director of Economic Development Taylor Adams is one of three finalists to be the next city manager in Salem, Oregon. Adams has worked for the city of Virginia Beach since 2015 and became deputy city manager in 2021. He heads up the city’s economic development department, and also has […]
The Breeden Co. names brand and development manager
The Breeden Co. has named Richard George its brand and development manager, the Virginia Beach company announced June 6. George will be responsible for maintaining brand integrity across all corporate and divisional marketing initiatives and communications, but will also oversee business functions including communication channels, product development and market research, Breeden wrote in a news [&[...]
Va. Beach office building sells for $12.15M
Windwood Centre, a four-story Class A office building in the Lynnhaven area of Virginia Beach, has been sold for $12.15 million, Divaris Real Estate Inc. announced Wednesday. CCP Commercial Real Estate sold the 78,619-square-foot building, located at 780 Lynnhaven Parkway, to Charlottesville-based Seminole Trail Management. Tenants include Regus and Moseley Architects. It’s not the first [&h[...]
Atlantic Diving Supply names new CEO, COO
Virginia Beach-based Atlantic Diving Supply Inc. (ADS) has promoted Ryan Angold to CEO, the company announced Tuesday. Angold replaces Jason Wallace, who has stepped down from leading the company since 2014. Also, ADS promoted John Dunn to chief operating officer, adding to his duties as chief financial officer. Their new roles took effect June 1. […]
Va. Beach post office building sells for $5M
A 29,813-square-foot property leased to the U.S. Post Office in Virginia Beach has been sold for $5 million. U.S. Post Office Acredale-Annex at 1700 Centerville Turnpike was built in 2000 and was sold by Faith Irrevocable Trust to Postal Realty Trust. The property is on a 25-year net-leased structure with the tenant. Michael J. Early […]
Hilton coming to Pembroke development in Va. Beach
As part of the $200 million redevelopment of Virginia Beach’s Pembroke Mall, Landmark Development Hotel Group will partner with Pembroke Square Associates LLC to bring a Tempo/Homewood Suites by Hilton hotel to the project. The 14-story hotel will be one of the first Tempo by Hilton hotels, which feature “wellness rooms” with personal workout equipment […]
