Sign In
Free Newsletter
Huntington Ingalls Industries promotes VP of contracts
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries (HII) promoted Matt Mulherin Jr. to vice president of contracts at its Newport News Shipbuilding division. He assumed the role on Monday. “Matt, a second-generation shipbuilder, brings more than 17 years of business management experience and lead[...]
HRBT expansion boring? Yes and no
Already the largest project ever tackled by the Virginia Department of Transportation, the $3.8 billion Hampton Roads Bridge-Tunnel expansion will kick into gear later this year when a $70 million custom-built tunnel boring machine (TBM) begins carving out an underwater path for twin two-lane tunnels. Construction on the HRBT ex[...]
The Maury Building in Norfolk sells for nearly $4M
Williamsburg-based Alcove Corp. has acquired The Maury Building in Norfolk’s Interstate Corporate Center office park for $3.475 million. Alcove bought the 27,250-square-foot office building at 6300 Center Drive from Miami-based investment and development firm Adler Group. The building houses the Norfolk location of Fortis [...]
Suffolk industrial park sells for $10.3M
Flint Acquisitions LLC bought the 275-acre Waverton Commerce Park, which includes two industrial buildings, in Suffolk for $10.3 million, Cushman & Wakefield | Thalhimer announced Tuesday. Flint purchased the property along Carolina Road from Waverton Associates Inc. and will rebrand the industrial park as Coastal Logistics Center. The buildings total 27,000 square feet. William C. […]
Franklin Johnston Group plans Va. Beach apartments
The Franklin Johnston Group, based in Virginia Beach, has purchased a 37,500-square-foot industrial building in Virginia Beach with plans to redevelop it into apartments. The building, which sits on 9.44 acres at 925 S. Military Highway, was sold by Wildwood Park LLC for $4.75 million. Robert M. Thornton of Cushman & Wakefie[...]
Norfolk shopping center sells for $25M
A shopping center on Tidewater Drive in Norfolk with 20 acres of land sold for $25 million, Cushman & Wakefield | Thalhimer announced Monday. River City Capital LLC purchased the 246,000-square-foot Southern Shopping Center from Southern Shopping Center LLC. Situated on 20 acres, Southern Shopping Center is anchored by a Foo[...]
Va. Beach office building sells for $4.25M
A Virginia Beach office building has sold for $4.25 million to Sharanya Ventures LLC, Cushman & Wakefield | Thalhimer announced Monday. Located at 3704 Pacific Ave., at the Oceanfront, the 11,967-square-foot building, which is 100% leased, was sold by York Street Suites Inc. The three-story building was built in 2003 and sit[...]
ODU earns R1 classification in national ranking
Old Dominion University has earned the highest research activity classification in the Carnegie Classification of Institutions of Higher Education, the university announced Tuesday. ODU is now one of 137 four-year research institutions with the Research 1 classification, which indicates “very high research activity.” To rece[...]
Virginia Beach, Manassas apartment complexes sell for $77.6M
An apartment complex in Virginia Beach sold for $52.1 million, and an apartment building in Manassas for $25.5 million, Alexandria-based real estate company Bonaventure announced Monday. Sitting on 19.83 acres, Magnolia Run is a 200-unit, 421,272-square-foot apartment complex in Virginia Beach with two- and three-bedroom units, [...]
Dominion orders 176 turbines from Siemens Gamesa
Dominion Energy Inc. has ordered 176 offshore wind turbines from Siemens Gamesa Renewable Energy S.A. for its 2.6-gigawatt, $9.8 billion Coastal Virginia Offshore Wind project, the utility announced Monday. The Richmond-based Fortune 500 utility declined to release financial details of the contract. The SG 14-222 DD turbines —[...]
EVMS, ODU and Sentara sign health center agreement
Eastern Virginia Medical School, Old Dominion University and Sentara Healthcare entered into a memorandum of understanding Friday to work toward a collaborative academic health center. Officials from each institution will cooperate to improve health care disparities in Hampton Roads and to seek more consistent funding of EVMS fr[...]
Q&A: Quebec official discusses Va. trade mission
Quebec’s delegate general in New York, Martine Hébert, visited Virginia this week on a trip to strengthen economic relations between her province and the commonwealth. Appointed in August by Quebec Premier François Legault and based out of New York, Hébert is responsible for promoting the province’s economic interests in [...]
