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Va. Beach’s DroneUp to add 655 jobs
Virginia Beach-based DroneUp LLC is adding 655 jobs as part of a $27 million expansion that will include establishing a drone testing, training and research and development center at Richard Bland College, Gov. Glenn Youngkin announced during a news conference Wednesday at the Executive Mansion in Richmond. DroneUp, which specializes in commercial drone delivery and […]
Choice Financial Group names new president, COO
Virginia Beach-based insurance company Choice Financial Group has named Michael J. Andersen its president and chief operating officer, the company announced Tuesday. Andersen, who has started at his new post, has more than 37 years of experience in the insurance industry, according to a news release. He most recently served as president of AssuredPartners’ New Jersey-based […]
BMK Ventures to move, expand in Va. Beach
Virginia Beach-based BMK Ventures Inc. plans to invest about $6.9 million in a new headquarters elsewhere in the city and add 20 jobs. The company, which provides medical supplies to government customers including the military, first responders and others, will move from its location at 1112 Jensen Drive to Corporate Landing Business Park, between General […]
Va. Beach honors Ramon W. Breeden Jr.
Virginia Beach Mayor Bobby Dyer proclaimed Aug. 9, 2022, as Ramon W. Breeden Jr. Day, in honor of the real estate mogul. Since starting The Breeden Co. in 1961 out of the trunk of his Pontiac convertible and the back room of a grocery store, Breeden has led his company to be a vertically integrated […]
Norfolk’s Military Circle Mall headed for wrecking ball
Norfolk’s Military Circle Mall will close by the end of the year to make way for its demolition in the first quarter of 2023. The decision to close the mall came after Norfolk Economic Development Authority members toured the aging facility on Wednesday, Norfolk Economic Development Director Jared Chalk told Virginia Business. EDA members voted […]
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 […]
