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Fort Monroe Authority exec director to retire
G. Glenn Oder is retiring as executive director of the Fort Monroe Authority in October, the authority announced Friday. Oder has led the FMA for the past 12 years after leaving the General Assembly, where he served as a state delegate from 2002 to 2012, representing the 94th District in the House of Delegates. “On [&helli[...]
Chesapeake strip mall goes for $3.15M
A 7,800-square-foot retail strip center in Chesapeake sold for $3.15 million, according to a March news release from S.L. Nusbaum Realty. Located at 1508 Sam’s Circle, Battlefield Shops has five tenants. It is shadow anchored by Walmart, Sam’s Club, At Home and Dollar Tree stores. Battlefield Freedom Wash sold the property t[...]
Norfolk apartments are sold for $3.1M
A 20-unit apartment property in Norfolk sold for $3.1 million on March 20. Located at 1314 and 1318 Little Bay Ave., the property has 20 one-bedroom units that are each 600 square feet. The units were built in 1970. Tidewater View sold the property to Nouveaux Little Bay. Justin Ferguson, Altay Uzun, Theo Jolley and […]
Apartment buildings in Portsmouth sell for $2.4M
A 17-unit apartment property in Portsmouth sold for $2.4 million, Marcus & Millichap announced Tuesday. Built in 1987, Effingham Green Condos has 17 two-bedroom, one-bathroom units across two buildings on 2 acres. The property is located at 1007 Green St. Capps Equity sold the property to Nouveaux Effingham. Justin Ferguson,[...]
Dominion to sell 50% interest in offshore wind farm
Dominion Energy announced Feb. 22 it had reached an agreement with investment firm Stonepeak to sell a 50% noncontrolling stake in the utility’s Coastal Virginia Offshore Wind project for nearly $3 billion. The deal is expected to close by the end of 2024, if approved by the Virginia State Corporation Commission and the North [...]
Port of Va. is already handling cargo diverted from Baltimore
On Tuesday afternoon, workers at the Port of Virginia’s Virginia International Gateway facility in Portsmouth unloaded cargo that had been scheduled for the Baltimore Harbor before a container ship struck and destroyed the Francis Scott Key Bridge in a fatal accident that has left the shipping channel closed for at least sever[...]
Baltimore bridge collapse will drive ships to Port of Va.
After a container ship struck the Francis Scott Key Bridge in Baltimore early Tuesday, causing the bridge to collapse and possibly claiming multiple lives, ships bound for the Port of Baltimore will be diverted to other ports, primarily the Port of Virginia and the Port of New York and New Jersey. The Virginia Port Authority, [&[...]
Pembroke Square starts phase 2 of mall redevelopment
Pembroke Square will begin the next phase of demolition Monday on the former Pembroke Mall in Virginia Beach, as part of a $200 million mixed-use redevelopment project. The roof and columns of the mall’s structure will be removed at the northeast entrance, north of Kohl’s on the Constitution Drive side of the former [...]
Rocket Lab USA launches first US mission for NRO from Wallops
California-based Rocket Lab USA successfully launched a mission for the U.S. National Reconnaissance Office on Thursday from Launch Complex 2 at NASA’s Wallops Flight Facility in Accomack County, the aerospace company announced. The Eastern Shore mission, dubbed “Live and Let Fly,” was Rocket Lab’s first launch from U.[...]
Va. Beach economic developer to lead Va. Beach Vision
Laura Hayes Chalk is leaving Virginia Beach’s economic development department to become the executive director of Virginia Beach Vision, a business advocacy group in Virginia Beach, Virginia Beach Vision announced Tuesday. Chalk, who will start July 10, succeeds Martha McClees, who announced her retirement in November 2023[...]
Atlantic Union names new Hampton Roads president
Richmond-based Atlantic Union Bank has named Lisa Morgan its new Hampton Roads market president, the Richmond-based bank announced Monday. Morgan will also continue to hold the role of wealth relationship director with the bank’s wealth consulting group, a position she has held since she joined Atlantic Union Bank in 2021. Mor[...]
W&M receives $30M anonymous donation
An anonymous William & Mary alumna has donated $30 million to renovate and rename a building in honor of former U.S. Secretary of Defense Robert M. Gates, who is currently the university’s chancellor. Robert M. Gates Hall will house three academic centers — the Global Research Institute, the Institute for Integrative[...]
