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Vanguard Landing apartments under construction in Va. Beach
Vanguard Landing, an “intentional community” specifically designed for people with intellectual and developmental disabilities, is under construction in Virginia Beach. Developers broke ground on the first phase in April and started construction in earnest in May. The mixed-use community, which claims to be the first[...]
Suffolk logistics facility purchased for $50.5M
An entity connected with Ashley Capital, a New York-based industrial real estate company, sold a multi-tenant facility in Suffolk for $50.5 million to a Florida real estate investment firm on May 1, according to the city’s property records. The Bridgeway Business Center, a 707,000-square-foot warehousing and distribution f[...]
Visit Williamsburg names new CEO
The Williamsburg Tourism Council, also known as Visit Williamsburg, has named Edward Harris its new CEO, the organization announced Wednesday. Former CEO Victoria Cimino stepped down from the role in January after more than four years leading the destination marketing organization for Williamsburg, Yorktown and Jamestown. With m[...]
Hampton Roads home sales, prices up in April
Home sales across Hampton Roads were up in April, as the region also racked up near-record median sales prices, the Real Estate Information Network (REIN) reported Friday. There were 2,189 settled sales for the month, up from 2,057 in March and 2,053 in April 2023, according to REIN. There were 2,569 pending sales, compared with[...]
EY taps 14 Virginians as Mid-Atlantic Entrepreneur of the Year finalists
Fourteen Virginia business leaders are among the 30 finalists for Ernst & Young’s 2024 Mid-Atlantic Entrepreneur of the Year award. EY announced the finalists, selected by a panel of independent judges, on April 22. The Big Four professional services company will name the regional awards winners on June 15. The Virginia fi[...]
Chartway Credit Union names new CFO
Virginia Beach-based Chartway Credit Union has hired Sander Casino as its chief financial officer, the credit union announced Wednesday. Casino was most recently senior vice president of finance for Raleigh, North Carolina-based Local Government Federal Credit Union and its affiliate Civic Credit Union. Before joining LGFCU in 2[...]
Clear waters
After receiving its final federal approvals in January, Dominion Energy’s $9.8 billion Coastal Virginia Offshore Wind project remains on track for completion in late 2026, at which point the 2.6-gigawatt project could power up to 660,000 homes. “CVOW is on budget, on time, and we’re gearing up for construction and excited [...]
Princess Cruises trades Yorktown stops for Norfolk
On the surface, Princess Cruises’ decision to abandon plans to stop in historic Yorktown in favor of Norfolk would appear to be an economic blow. In reality, it may be only a slight hit, and one many area residents apparently are fine with. Princess announced last year it would make three port calls in Yorktown […]
Wilbanks Smith and Thomas acquired
Norfolk-based Wilbanks Smith and Thomas Asset Management has been acquired by Cleveland-based registered investment adviser Clearstead Advisors. The companies signed the merger in February 2024. Financial terms of the acquisition, which closed April 1, were not disclosed. Clearstead rebranded WST’s advisory business as Clearst[...]
Norfolk mayor says apartments, hotel could replace MacArthur Center
MacArthur Center mall in downtown Norfolk is expected to be replaced by a major mixed-use development, which could be called “The Anchorage,” featuring a 400-room, military-themed hotel and 518,000 square feet of high-rise residential space, Norfolk Mayor Kenny Alexander announced April 12 during his State of the Cit[...]
Va. casino gaming revenues total $65M in March
Virginia’s three casinos reported about $65.08 million in gaming revenues for March, according to Virginia Lottery data released April 15. Last month, the Bristol Casino: Future Home of Hard Rock reported about $16.27 million in adjusted gaming revenues (wagers minus winnings), of which about $13 million came from its 911 slot[...]
HRBT expansion’s first tunnel boring is complete
Mary, the tunnel boring machine that has been paving the way for the expanded Hampton Roads Bridge-Tunnel, hit a milestone Wednesday when she finished the first of twin tunnels that are part of the bridge-tunnel’s expansion. Launched from the HRBT’s South Island a year ago, the $70 million custom-built tunnel boring[...]
