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Virginia sees home sales decline across major markets
Inventory climbed in both Hampton Roads and Northern Virginia in November, but fewer deals closed as home sales declined.
LS Cable to add $689M factory in Chesapeake, creating 430 jobs
LS Cable & System is more than doubling its capital investment in Chesapeake manufacturing facilities and bringing its expected job creation to 760.
Newport News music festival set for Memorial Day weekend 2026
Newport News City Council approved a $3 million grant to support the launch of a major music festival coming Memorial Day Weekend 2026.
Spanberger stresses need for stable biz environment
Virginia Gov.-elect Abigail Spanberger said she will prioritize a business climate that is stable, predictable and affordable.
HII wins up to $471.97M Navy contract
Huntington Ingalls Industries has won a Navy contract worth up to $471.97 million to provide engineering support for aircraft carriers.
New York company buys Chesapeake apartments for $34.8M
Fairstead is investing $34.8 million to acquire and renovate Landmark Apartments, a 120-unit affordable housing complex in Chesapeake.
ODU gets $15M gift from Brock to launch nutrition institute
Old Dominion University has received a $15 million gift to establish a nutrition and lifestyle medicine institute.
HII investing $28M for Hampton manufacturing facility
Newport News-based Fortune 500 contractor Huntington Ingalls Industries is investing $28 million to create an aircraft carrier and submarine manufacturing plant in Hampton, the city's mayor said Wednesday.
CBRE taps new leader for Richmond, Norfolk
Global real estate services and investment firm CBRE has promoted Sarah Cooley to managing director and market leader for southern Virginia.
Departing Port of Virginia CEO to join ferrying company
Virginia Port Authority CEO Stephen A. Edwards, who announced in November that he would be stepping down at the end of the year, will be CEO of ferry infrastructure company Hornblower Group at the start of 2026.
Apartment-style hotel coming to Hampton in 2026
North Carolina-based stayApt Suites plans to open a 103-suite hotel in Hampton, with an expected opening in summer 2026.
New York firm buys Chesapeake apartments as part of $58.2M portfolio
Newbrook Capital Properties announced this week it has acquired a 340-unit portfolio in the Virginia-North Carolina region for $58.2 million.
