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Newport News Shipbuilding names trades VP
Newport News Shipbuilding has promoted a third-generation shipbuilder to vice president of trades. David Horne has served since 2022 as senior director of trades. His promotion comes following a split of the shipbuilder’s human resources and administration department and trades department into two standalone groups. Xavier[...]
Hampton Roads real estate veteran to retire
Lisa Chandler, president and principal broker of Berkshire Hathaway HomeServices RW Towne Property Management, announced her retirement Wednesday. Chandler will leave at the end of October after more than 40 years in real estate. Berkshire Hathaway and Virginia Beach-based Rose & Womble Realty merged in March, bringing more [...]
Chrysler Museum names chief philanthropy officer
Reneé Duval Fairchild is the Chrysler Museum of Art’s new chief philanthropy officer, the Norfolk museum announced Tuesday. Duval Fairchild will work with Erik H. Neil, the museum’s Macon and Joan Brock director and president, and with the museum’s development and membership teams. “Along with her significan[...]
Virginia Natural Gas names chief admin officer
Virginia Natural Gas has named Shannon Pierce as its vice president of strategy and chief administrative officer, the Virginia Beach-based utility announced Monday. Pierce, a native of Surry, most recently served as vice president of growth and chief external affairs officer at SouthStar Energy Services, a subsidiary of VNG̵[...]
Hampton industrial site sells for $2.3M
A vacant industrial site on 2.8 acres in Hampton has been sold for $2.3 million, Cushman & Wakefield | Thalhimer said. Moir Park Industrial III LLC purchased the site, which includes warehouses, from Armistead & Riprap for development. The property is located at 402 Rip Rap Road off Interstate 64. Robert L. Phillips Jr.,[...]
An overview of Hampton Roads
With a population of 1.79 million people in 17 localities, Hampton Roads is the second most populated region of Virginia, just behind Northern Virginia. Virginia Beach, with approximately 457,000 residents, is the commonwealth’s biggest city by population, and neighboring Norfolk has the highest density in the region, with[...]
A rising tide
The Port of Virginia continues to drive commercial real estate activity in Hampton Roads as shipping and logistics companies seek footholds. The region’s office vacancy rate rose this year — from 8.1% at the end of the first quarter to 8.4% at the end of the second quarter — but is “relatively healthy compared to […]
Space race
Leaders of a regional engineering firm figured finding office space in the Town Center of Virginia Beach would be a breeze. Newspapers were reporting that demand for offices was down nationally. But that isn’t the case in the Hampton Roads area, where the office vacancy rate was 8.1% for the first quarter of 2023, accordin[...]
Executive insights
Virginia Business asked six Hampton Roads leaders to discuss how their organizations are contributing to the region’s success and meeting challenges such as workforce recruitment and inflation. DAWN GLYNN President and chief experience officer, Corporate Services Group, TowneBank, Suffolk How are your customers responding [...]
Gazing into the future
The waterways and shorelines that make up Hampton Roads harbor a historic reputation as ideal hosts for commerce, trade, shipbuilding, military installations and government research. Its beaches and historical sites attract millions of visitors, and the region is home to farms, businesses and universities. We know the past and p[...]
Making bank
Suffolk-based TowneBank continued to lead Hampton Roads with the largest market share in fiscal 2022, 25.67%, according to the Federal Deposit Insurance Corp.’s June 30, 2022, report. However, that figure declined from fiscal 2021, when the bank held a 27.49% market share. Meanwhile, Charlotte, North Carolina-based Truist Bank is threatening to close in on that […]
Propelling forward
A massive building is rising on the northernmost point of Newport News Shipbuilding on the James River, physical evidence of the shipyard’s ambitious plan to build the Navy’s next generation of Virginia-class submarines as well as components for a dozen Columbia-class boats. Not as visible, but just as important as t[...]
