Sign In
Free Newsletter
Warehouse portfolio in Chesapeake sells for $24M
The Port of Virginia Distribution Center, a two-building, 334,881-square-foot industrial portfolio in Chesapeake, has changed hands. Chesapeake Industrial Park LLC acquired the property at 2620-2626 Indian River Road for $24 million, according to Cushman & Wakefield | Thalhimer, which represented the seller. Phoenix Chesapea[...]
W&M Law School hires comms, marketing officer
William & Mary Law School has named Doris Taylor as its first chief communications and marketing officer. Taylor began her new role June 12 and has primary responsibility for developing and executing strategic communication plans and initiatives to support the engagement and professional needs of the law school. Taylor was most recently interim director of […]
Zim announces $30M expansion
Zim American Integrated Shipping Services Co. LLC will invest $30 million to expand its U.S. headquarters in Virginia Beach, creating several hundred jobs over the next five years, Gov. Glenn Youngkin announced Tuesday. The expansion includes a move from Norfolk, where the company has had its U.S. headquarters since 2001. Zim is[...]
HeadWaters developers scrap temporary casino plans
The developers of the $500 million HeadWaters Resort & Casino in Norfolk have scrapped plans to open a 45,000-square-foot temporary casino, instead focusing all their efforts on building the permanent casino, which will open before construction begins on an associated hotel and other planned amenities. “We have changed ou[...]
United Way of South Hampton Roads names new leader
Mark Uren will be the new president and CEO of the United Way of South Hampton Roads, the organization announced Tuesday. He starts in the role on July 17. Michele Anderson, the regional United Way’s previous CEO, left the organization in January. Kristel Fitzgerald, chief operating officer, and Kelsey Mohring, chief marke[...]
TowneBank hires chief risk officer, senior EVP
Suffolk-based TowneBank appointed Ernest Piccioli as senior executive vice president and chief risk officer, the bank announced Monday. Piccioli is based at TowneBank’s headquarters. As chief risk officer, he will be responsible for governance of the company’s risk programs and oversee risk management, vendor management, cre[...]
Regent University founder Pat Robertson dies at 93
Christian Broadcasting Network founder M.G. “Pat” Robertson, a one-time GOP presidential hopeful and also chancellor, founder and CEO of Regent University in Virginia Beach, died Thursday at age 93, Regent and CBN announced. “We are deeply saddened by the loss of our beloved founder,” Regent University Executive [...]
Norfolk City Council votes to purchase MacArthur Center
On Wednesday evening during a special meeting, Norfolk City Council members approved plans for the city to purchase the struggling MacArthur Center mall downtown for up to $18 million. The 23-acre MacArthur Center is owned by Wells Fargo & Co., which holds the mall following a loan default by the mall’s previous owner, C[...]
Hampton Roads warehouses sell for $8.4M
A portfolio of three warehouses in Hampton Roads sold for $8.4 million in mid-May. Tidewater Fleet Supply, an independent distributor of fleet, truck, trailer and heavy equipment parts, leases the properties. Located at 3666 Progress Road, the Norfolk warehouse sold for $6.03 million, according to city property records. The parc[...]
Bon Secours names Harbour View Hospital president
Andy Spicknall became the inaugural president of Bon Secours Harbour View Hospital in Suffolk on Monday. Spicknall, who most recently served as vice president of operations at Bon Secours Maryview Medical Center in Portsmouth, reports directly to Pat Davis-Hagens, the health system’s Hampton Roads market president. “During h[...]
Norfolk eyes $18M purchase of MacArthur Center mall
Read update: Norfolk City Council votes to buy mall Norfolk City Council will discuss acquiring the struggling downtown MacArthur Center mall for $18 million during a special meeting Wednesday. MacArthur Center is owned by Wells Fargo & Co., which holds the mall following a loan default by the mall’s previous owner, Co[...]
36 Va. companies make 2023 Fortune 1000 list
Thirty-six Virginia-based companies made Fortune magazine’s 69th annual Fortune 1000 list, notably including newcomers to the commonwealth Raytheon Technologies Corp. and Boeing Co. as Virginia’s second and third highest-ranking companies. Freddie Mac remained Virginia’s top-ranked company, at No. 45, and 24 Virginia companies made this year’s elite Fortune 500 list. Released Monday, the Fortune 1000 […][...]
