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The Breeden Co. completes $43M apartment complex in Norfolk
Virginia Beach-based real estate development firm The Breeden Co. announced Thursday that it completed construction on a 198-unit multifamily community in Norfolk, located near Norfolk International Airport.
Estes family donates $15M for William & Mary accounting center
Estes Express Lines' owners donate $15M to William & Mary to create the Estes Center for Excellence in Accounting at the Mason School of Business.
Pembroke Square hotel set to open in 2027, two years late
The seven-story Tempo by Hilton hotel being planned for Virginia Beach’s Pembroke Square development is expected to open in 2027 — about two years later than originally announced. Developers on Tuesday revealed the new construction timeline of the hotel, along with several other updates on the $200 million redevelopment [...]
Sentara College of Health Sciences ends degree programs
Chesapeake-based Sentara College of Health Sciences announced last week that it will stop offering nursing and non-nursing degree programs and will move those courses to state and regional universities. The 130-year-old school also will pause admissions and evaluate its non-degree offerings, according to President Angela Taylor[...]
ODU breaks ground on $25M Barry Art Museum expansion
The Barry Art Museum at Old Dominion University in Norfolk is undergoing a massive $25 million expansion that will double its gallery space. ODU last week broke ground on the project, which will add a 25,200-square-foot, three-story wing that includes a multiuse event space, a new media video gallery showcasing multimedia artwor[...]
Norfolk State breaks ground on $118M science building
Norfolk State University on Friday broke ground on a $118 million science building. The new 131,376-square-foot facility, which is being built on the northwest side of the HBCU’s main campus, will replace the Roy A. Woods Science Building. Once complete, it will house teaching and research labs, classrooms, a planetarium, [...]
Hampton University gets new CFO
Hampton University has tapped Robert Pompey as its new chief financial officer and senior vice president for business and finance, Hampton University President Darrell K. Williams announced April 16. As CFO, Pompey will oversee the HBCU’s financial operations, including budgeting, investments, financial reporting and long-[...]
BayPort Credit Union taps new CIO
Newport News-based BayPort Credit Union announced Tuesday that it has appointed Jonathan Harrell as chief information officer. “We are thrilled to welcome Jonathan to our team,” said BayPort President and CEO Jim Mears in a statement. “His passion for technology and his innovative approach to problem solving and effici[...]
$30M Chesapeake Square Mall redevelopment underway
Demolition began last week on sections of Chesapeake Square Mall as part of a $30 million redevelopment project of the 36-year-old indoor mall off Interstate 664 in Chesapeake. Stores are still open at the mall while Virginia Beach-based real estate development firm Kotarides is demolishing the former Burlington Coat Factory Spa[...]
Boar’s Head agrees to $3.1M settlement tied to recalled meat products
Boar’s Head Provisions’ recall of 7 million pounds of deli meat due to a deadly listeria outbreak last year, which put 60 people in the hospital and killed 10 others, has resulted in a class action lawsuit and a proposed $3.1 million settlement. The July 2024 outbreak originated at Boar’s Head meat production f[...]
Fitness center, library planned for former Military Circle Mall in Norfolk
Norfolk Mayor Kenny Alexander last week updated his city on plans to redevelop MacArthur Center mall and the former Military Circle Mall site. During his State of the City address on Friday, Alexander announced that Norfolk is planning a “state-of-the-art” fitness and wellness center and library for the east side of the city[...]
TowneBank to acquire Old Point in $203M deal
Suffolk-based TowneBank announced plans Thursday to acquire Old Point Financial, parent company of The Old Point National Bank of Phoebus, in a deal valued at $203 million. The merger, which is expected to enhance TowneBank’s position as the bank with the most market share in Hampton Roads, follows the April 1 completion o[...]
