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Hampton Roads State of the Region report shows slow recovery
The Hampton Roads region is slowly recovering from pandemic-spurred economic distress but has lost a large chunk of its workforce, according to Old Dominion University’s Dragas Center for Economic Analysis & Policy’s 2021 State of the Region Report released Tuesday. Hampton Roads’ labor force and individual employm[...]
Sentara Healthcare names president of Suffolk hospital
David J. Masterson will become president of Sentara Obici Hospital in Suffolk on Nov. 8, Sentara Healthcare announced Wednesday. “I’m looking forward to being part of the community in Suffolk and Western Tidewater,” Masterson said in a statement. “It’s a fast-growing region and I want to help ensure that Sentara Obici [...]
Bon Secours names new Hampton Roads market president
Bon Secours has named Pat Davis-Hagens as its new Hampton Roads market president, the health system announced Tuesday. Davis-Hagens is currently the president of The Jewish Hospital – Mercy Health, in Cincinnati, Ohio, a role she has held since 2014. Bon Secours is part of the Bon Secours Mercy Health system. She will relo[...]
Recent real estate sales from around Virginia
Central Virginia A 26,500-square-foot office building in Henrico County has sold for $1.95 million, Cushman & Wakefield | Thalhimer announced. The building is located at 8921 Three Chopt Road and was 81% leased at the time of the sale. Porter Street Holdings LLC bought the building from 8921 Three Chopt LLC. The transaction was completed […]
Five-building industrial portfolio sells for $9M
A five-building industrial portfolio with buildings in Harrisonburg, Chesterfield County, Newport News, Virginia Beach and Durham, North Carolina, sold for just over $9 million Thursday, Glen Allen-based commercial real estate firm Commonwealth Commercial Partners LLC (CCP) announced. ESAP LLC sold the portfolio to Drakadia Hold[...]
Colliers names new regional manager for Va., Raleigh brokerage
Colliers has named a new regional operations manager for its Virginia and Raleigh, North Carolina, offices, the commercial real estate company announced this week. Kristina Rodriguez, who will be based in Norfolk, will oversee the Colliers Virginia offices in Charlottesville, Fredericksburg, Richmond and Norfolk, along with the [...]
Multifamily residences sell in Suffolk, Norfolk
An apartment complex in Norfolk and a townhouse community in Suffolk both sold this week, Colliers Virginia announced Friday. Beamons Mill Townhomes, at 224 Beamons Mill Trail in Suffolk, was sold by Outlier Realty Capital to The Apartment Gallery for $9.15 million. The 55-unit townhome community was built in the early 2000s. Ea[...]
Newport News data analysis co. wins $100M GSA contract
Newport News-based professional services and data analysis company ITA International LLC won a $100 million contract from the U.S. General Services Administration to help defense agencies use data driven tools, it announced Thursday. Under the five-year Small Business Innovation Research phase III indefinite delivery, indefinite quantity contract, ITA will provide customized data visualization and analysis […][...]
Pat Robertson steps down as 700 Club host, effective immediately
Pat Robertson, founder of the Virginia Beach-based Christian Broadcasting Network, announced Friday that it was his last day as daily host of “The 700 Club,” on the show’s 60th anniversary broadcast. His son, Gordon P. Robertson, will take over as full-time host, the 91-year-old TV evangelist said. Robertson, o[...]
Diversity Leadership Series: Jack Ezzell and Angela Reddix
Brought to you by Virginia Business and Bank of America, join us every other month for the Diversity Leadership Series — virtual fireside chats with a diverse group of Virginia business leaders sharing their insights and thoughts on leadership, their career paths, and diversity and equity. In our second event, held Sept. 30 […]
Va. Beach, Oceana ink economic development deal
An agreement between the Navy and Virginia Beach could give the city much-needed breathing room for economic development expansion while lowering the cost of operating the East Coast’s master jet base. Under a concept called Future Base Design, Naval Air Station Oceana would lease about 400 acres of land to private business[...]
A developing picture
As Norfolk prepares for some sizable development projects, city officials don’t plan to forget the strong business base that positioned the area for such investments. “We’re really focused on business expansion and our primary employers,” says Jared Chalk, Norfolk’s director of economic development. “That’s been ou[...]
