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Hampton Roads consortium opens research HQ
The Hampton Roads Biomedical Research Consortium opened its headquarters at Old Dominion University’s Tri-Cities Center in Suffolk Friday. The consortium is a partnership between ODU, Norfolk State University, Eastern Virginia Medical School and Sentara Healthcare Inc., and was founded in June 2020. Its goal is to address [...]
Lighthouse Labs exec jumps to 757 Angels, 757 Collab
Paul Nolde, executive managing director of Lighthouse Labs in Richmond, will be the new managing director of Norfolk-based 757 Angels and 757 Collab. He replaces Monique Adams, the current executive director of 757 Angels and managing director of 757 Collab, who will leave the organizations this summer. Nolde starts his new role[...]
Colliers exec jumps to Harbor Group International
Scott Adams has left his role as executive managing director of Colliers International and joined Harbor Group International LLC as senior vice president in investor relations. Harbor Group announced Adams’ hire Tuesday. In his new role, which he started Monday, Adams will initially focus on capital raising efforts in the [...]
Chesapeake Walmart to reopen after deadly shootings
Walmart Inc. announced Monday that the Chesapeake store where a night manager killed six workers in November 2022 will reopen April 19, following a 9 a.m. ceremony. The store has been remodeled over the past five months, and it will include an outdoor memorial space, according to Walmart. On Nov. 22, 2022, 31-year-old Andre Bing[...]
Coffee biz buys Newport News building for $1.1M
A coffee company purchased a 2,400-square-foot retail building in Newport News for $1.1 million with plans to turn it into a coffee shop. Seven Cities Coffee LLC, doing business as 7 Brew, purchased the building located at 398 Denbigh Blvd. from JMP Properties LLC, Cushman & Wakefield | Thalhimer announced. The coffee compan[...]
Norfolk airport hotel is ‘desperately needed’
An influx of 200-seat airplanes is bringing record numbers of passengers into Norfolk International Airport, leading officials to fast-track infrastructure upgrades and pursue construction of an airport hotel. There is high demand for on-site lodging, especially among airline crews and travelers taking early morning flights, who[...]
April 2023 For The Record
CENTRAL VIRGINIA Henrico County-based Altria Group Inc. has entered into a definitive agreement to acquire e-vapor maker NJOY Holdings Inc. for approximately $2.75 billion in cash, with a potential additional $500 million in payments, Altria announced March 6. Part of the deal’s funding will come from an expected $1.7 billion payment plus interest from Philip […]
Shoring up
Williamsburg, Jamestown and Yorktown are all significant parts of the nation’s foundation, and historic tourism drove the region’s economy during the 20th century. But Colonial Williamsburg hasn’t been enough to keep big crowds coming to the area consistently in the 21st century, even before the pandemic. Visitation droppe[...]
Building an ecosystem
Even though William & Mary is best known as a liberal arts “public Ivy,” it’s also a research university where professors are quietly producing innovative technology — and are less quietly trying to create an entrepreneurial network to support it. Local capital isn’t as available in the Williamsburg area as it is a[...]
Atlantic Park breaks ground in Virginia Beach
Atlantic Park, the $335 million dollar surf park development planned for Virginia Beach’s Oceanfront, has broken ground and closed on its financing, according to an announcement Thursday from Venture Realty Group, the firm developing the project with music icon Pharrell Williams. The 11-acre surf park has been in developme[...]
Smithfield Foods taps chief HR officer, general counsel
Virginia-based Smithfield Foods Inc. has named a new chief human resources officer and a new general counsel, the nation’s largest pork product manufacturer and hog producer announced Tuesday. Isham “Jay” Bennett was previously vice president of human resources at Lockheed Martin before joining Smithfield Foods[...]
ITA International names new CEO
Newport News-based government contractor ITA International LLC has promoted Mark Honecker from chief operating officer to CEO, effective April 3, the federal contractor announced Monday. Honecker succeeds outgoing CEO Mike Melo, who will transition to chairing ITA’s advisory board and will also take on the new position of ch[...]
