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Breeden VP returns from retirement
Retired Breeden Co. executive Barry Tomlin has rejoined the Virginia Beach real estate development and property management company as its vice president of customer service and marketing, The Breeden Co. announced Dec. 5. Tomlin initially joined Breeden in 2007, working as vice president of property management at the time of his 2022 retirement. In his […]
FAA certification clears way for DroneUp to scale up
Virginia Beach-based drone delivery company DroneUp has received a Federal Aviation Administration certificate that will allow it to grow its delivery operations. On Tuesday, the company announcedi t received an FAA Part 119 air carrier certificate under Part 135. The certificate allows DroneUp to carry third-party property as an air carrier and to fly drones […]
Va. Ocean Plan taking shape for 2025
As coastal populations grow and traditional and novel maritime industries increase their use of the Atlantic Ocean, the state government is developing a comprehensive plan to support the coexistence of different uses of the ocean. A group of more than 100 stakeholders — including the Bureau of Ocean Energy Management, the Army Corps of Engineers, […]
Coldwell Banker Premier acquires Hampton Roads Coldwell affiliate
Winchester-based Coldwell Banker Premier has acquired Virginia Beach-based Coldwell Banker Now, merging into a brokerage with a combined $600 million sales volume in 2023. Coldwell Banker Premier did not disclose financial details of the merger, which it announced Monday. The combined real estate company is the second-fastest growing Coldwell Banker franchise in the nation over […]
Virginians go for Texan vodka
Virginia is for lovers of vodka distilled from corn in Austin, Texas, apparently. For the seventh straight year, Tito’s Handmade Vodka is Virginia’s most popular spirit at Virginia Alcoholic Beverage Control Authority (ABC) stores, according to a Friday announcement. The spirit generated $75 million in sales at Virginia ABC stores in fiscal year 2024. That’s […]
Armada Hoffler’s next CEO to assume role Jan. 1
Shawn Tibbetts, Armada Hoffler Properties’ president, chief operating officer and CEO designate, will become CEO on Jan. 1, 2025, earlier than previously announced. The Virginia Beach-based real estate investment trust announced in February that it expected to name Tibbetts as CEO in spring 2025, upon current CEO Louis Haddad’s retirement from the position. At that […]
Breeden promotes five property management employees
The Breeden Co. has promoted five employees in its property management division, the Virginia Beach-based real estate company announced Thursday. The five employees are Rachel Blanchard, Lisa Capps, Sheena Obermark, Tiffany Rote and Samantha Schuman. Blanchard, who was previously a project manager, has been appointed director of training and implementation. In May, a Breeden social […]
Dominion completes $2.6B sale of stake in offshore wind farm
Dominion Energy has completed its $2.6 billion sale of a 50% noncontrolling stake in its Coastal Virginia Offshore Wind project to investor Stonepeak, the Fortune 500 utility announced Tuesday. This transaction and several other recent sales reduce Dominion’s debt by approximately $21 billion, meeting a goal the utility set in a recent business review, according […]
Yagen makes $100M donation to Military Aviation Museum
Gerald “Jerry” Yagen, founder of the Aviation Institute of Maintenance and Centura College, has made a $100 million gift to Virginia Beach’s Military Aviation Museum, including his private collection of 70 vintage military aircraft, the museum announced last week. In the 1990s, Yagen began collecting aircraft from the first 50 years of aviation history, from […]
Virginia Natural Gas taps new CEO
Shannon O. Pierce will succeed Robert Duvall as CEO of Virginia Natural Gas when Duvall retires in April, according to an announcement by Southern Company Gas, parent company of the Virginia Beach utility. A native of Surry, Pierce stepped into the roles of VNG president and senior vice president of Southern Company Gas, VNG’s parent […]
These six Va. billionaires made Forbes’ 2024 richest Americans list
Six Virginia billionaires are among the 400 richest Americans, according to Forbes’ annual ranking, which the media company released Tuesday. To make the Forbes 400 list, U.S. citizens had to have a minimum net worth of $3.3 billion — an increase of $400 million over 2023’s list. Collectively, the members of this elite club are […]
Latest and greatest
By late spring, surf will be up at Atlantic Park on the former site of The Dome, Virginia Beach’s distinctive geodesic dome convention center and concert hall that was torn down in 1994. Atlantic Park, a $350 million mixed-use entertainment venue and surf lagoon project at the Oceanfront, is the highest profile project in the […]
