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PRA Group hires communications exec
Norfolk-based PRA Group, a $1.1 billion debt-purchasing company, has hired Giovanna Genard as vice president of external affairs and marketing leader. Genard will develop and oversee PRA Group’s global external communications, public relations and brand strategy. Before joining PRA Group, Genard served as Old Dominion Univ[...]
The Breeden Co. restructures property management division
The Breeden Co., a Virginia Beach-based real estate development firm, is restructuring its property management division. Barry Tomlin, vice president of property management at The Breeden Co. in Virginia Beach, will leave the company Aug. 5, Breeden announced last week. Tomlin has been with Breeden since 2007. “Over the last 10 years, we have created […]
Gambling on Hampton Roads
Roy Corby’s first job at a casino was as a dealer. Now, Corby is general manager of the $300 million Rivers Casino Portsmouth, which is on track to become the first Virginia casino to open in a permanent location. It plans to open in January 2023 at the intersection of Victory and Cavalier boulevards, off […]
A new look at Va. Beach’s Atlantic Park
The $350 million Atlantic Park surf park development planned for Virginia Beach’s Oceanfront will start construction in October or early November, developers told Virginia Business this week. Virginia Beach-based Venture Realty Group also shared new renderings of the project, which Venture has been co-developing with musi[...]
Lumos plans Hampton Roads fiber internet expansion
Lumos announced last week an $83 million ultra-high-speed fiber internet expansion that is expected to extend 100-gigabyte capacity over 760 miles in Hampton Roads, affecting as many as 85,000 residents and businesses across Virginia Beach, Chesapeake and Portsmouth by 2025. According to a news release, construction is expected [...]
Dollar Tree names new CIO amid C-suite shift
Chesapeake-based Fortune 500 discount retailer Dollar Tree on Thursday announced that it has hired Bobby Aflatooni, executive vice president and chief information officer for real estate developer The Howard Hughes Corp., as its CIO. The hire comes less than a month after Dollar Tree Stores, Inc., which also owns the Family Doll[...]
Newport News Shipbuilding promotes three execs
Newport News Shipbuilding has announced several leadership changes as the shipyard attempts to optimize and speed operations. Matt Needy is now vice president and chief transformation officer, after previously serving as vice president of Navy programs. In his new role, Needy is responsible for executing Newport News’ stra[...]
HeadWaters temporary casino changes course in Norfolk
HeadWaters Resort & Casino, the Pamunkey Indian Tribe’s $500 million gaming project planned for Norfolk, announced Wednesday it is abandoning its temporary casino plans at Harbor Park, instead locating the facility on the same property as the permanent casino. “Issues were recently raised about the address of the[...]
Former Va. finance secretary Layne named port authority chair
Former state finance and transportation secretary Aubrey L. Layne Jr. has been named chair of the Virginia Port Authority’s Board of Commissioners, the Port of Virginia’s administrative body announced Wednesday. Layne is a veteran of Virginia government, having served as secretary of finance under Gov. Ralph Northam [...]
ODU names new chief marketing officer and VP
Old Dominion University has named Jaime L. Hunt to serve as in the newly created roles of vice president of university communications and chief marketing officer. The university announced the hire Wednesday. Hunt has worked since September 2020 as vice president and chief marketing and communications officer at Miami University[...]
Chesapeake office building sells for $11M
Investment group Gracestone Investments LLC has purchased an 81,318-square-foot office building in Chesapeake from GSI Inc. for $11 million, Cushman & Wakefield | Thalhimer announced July 5. The property, located at 850 Greenbrier Circle, is 100% leased to Canon U.S.A. Inc. Rob Wright of Cushman and Wakefield | Thalhimer bro[...]
Norfolk apartment community sells for $12.4M
Cleghorn Capital purchased a 104-unit apartment community in Norfolk from Israeli investment fund Valore for $12.8 million, Marcus & Millichap announced July 7. Valore at Southern Park, located at 7922 Old Ocean View Road, has three buildings, each with two stories, and was built in 1964 and renovated in 1999. The 104,944-sq[...]
