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Troutman Sanders completes merger with Pepper Hamilton
After postponing its original April 1 merger date due to the COVID-19 pandemic, Atlanta-based law firm Troutman Sanders LLP and Philadelphia-based Pepper Hamilton LLP announced Wednesday they have merged to become Troutman Pepper Hamilton Sanders LLP (Troutman Pepper). Among Troutman Pepper’s 23 nationwide offices, the Richmond location is one of the newly merged law firm’s […[...]
Dominion debuts first offshore wind farm in U.S. federal waters
After nearly a decade of planning, Richmond-based Dominion Energy Inc. is on the verge of harnessing offshore wind power following the installation this month of two turbines off the coast of Virginia Beach. Standing approximately 600 feet tall, the 12-megawatt turbines are the cornerstone of Dominion’s $300 million Coastal Virginia Offshore Wind pilot project. Located […]
ECPI University announces $4M in scholarships for black students
Virginia Beach-headquartered ECPI University will offer $4 million in scholarships for African American students in science, technology, engineering, math and health care programs, it announced Thursday. The new LIFT scholarship (Lead, Instruct, Foster, Transform) will pay for tuition, computers and Wi-Fi access for black students, and ECPI is raising further funding with the nonprofit Beacon [&he[...]
Va. Beach military contractor announces $4M expansion
Virginia Beach-based military-industrial contractor SJS Executives LLC announced Tuesday it has received a $125,000 grant from the Virginia Beach Development Authority that will be used toward workspace and workforce expansion, as part of its Economic Development Investment Program (EDIP). As part of its expansion, the company plans to make a total of $4 million in […]
Reopening weekend largely positive for restaurants
Reopening weekend was largely positive for restaurants and other businesses in Virginia localities that entered Phase One of Gov. Northam’s Forward Virginia plan on Friday. “It was actually very busy,” said Brad Smith, general manager of Quaker Steak & Lube on Bristol’s State Street. “We were busy to the capacity we could be.” Smith had […]
Va. Beach to reopen beaches Friday, with restrictions
The oceanfront at Virginia Beach will reopen this Friday for recreational activity, Gov. Ralph Northam announced during his coronavirus news conference Monday. Approved activities include sunbathing, swimming, fishing and surfing, he said, but will not include group sports, alcohol consumption, grouping umbrellas or the use of audio speakers or tents. Parking will be capped at […]
Va. Beach defense contractor to create 100 jobs
Virginia Beach-based defense contractor Valkyrie Enterprises Inc. announced Friday it has received a $125,000 grant from the Virginia Beach Development Authority (VBDA) to aid in its planned expansion by 100 full-time jobs during the next three years. “Valkyrie Enterprises epitomizes the real value of these grants,” Economic Development Director Taylor Adams said in a statement. […]
Va. Beach apartment complex sells for $6.575M
The Falcon Point apartment complex in Virginia Beach has sold for $6.575 million, Colliers International announced Thursday. Seminole Trail Properties purchased the property from The Runnymede Corp. Located at 2105 Lake Smith Drive, Falcon Point includes 64 apartment units. It was constructed in 1971 and has received both exterior and interior renovations. The apartment complex […]
Va. Beach real estate company names marketing director
Virginia Beach-based real estate company Rose & Womble Realty Co. and its property management arm, Rose & Womble Chandler Property Management announced Monday that it has hired Jennifer L. Mueller as its director of marketing. Mueller was most recently the national account manager for Norfolk-based digital marketing company Trader Interactive. She was also previously the […]
Two apartment complexes in Va. Beach sell for $7M+
Two apartment complexes in Virginia Beach have sold for $3.1 million and $4.525 million, respectively, commercial real estate investment company Marcus & Millichap announced this week. The Green Meadows Apartments sold for $3.1 million and the Breezy Meadows Apartments sold for $4.525 million, said Benjamin Yelm, regional manager of the firm’s Hampton Roads office. Cohen […]
Va. Beach-based DroneUp acquires AeroVista Innovations
Virginia Beach-based end-to-end drone pilot service company DroneUp LLC announced Thursday it has acquired Glenview, Illinois-based AeroVista Innovations LLC (AVI). The merged company will rebrand as The DroneUp Training Academy. DroneUp acquired AVI’s assets, employees and customer contracts. Financial terms of the transaction were not disclosed. AVI was founded in 2016 and provides in-ho[...]
Pharrell’s Something in the Water festival canceled due to coronavirus
Virginia Beach’s Something in the Water 2020 festival has been canceled due to the growing coronavirus crisis. It will return on April 23-25, 2021, according to organizers. The brainchild of Grammy-winning musician and Virginia Beach native Pharrell Williams, the festival premiered in spring 2019, selling 35,000 tickets and drawing crowds of 12,000 to 15,000 people […]
