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Boosters seek federal protection for Chesapeake Bay recreation
For decades, conservationists have lobbied for the Chesapeake Bay to become a national park. During the past year, a new twist on that old idea has gained momentum: establishing the Chesapeake Bay as a national recreation area, stretching from Hampton’s Fort Monroe north to Annapolis, Maryland. National recreation areas extend[...]
Prism Maritime LLC to build two Chesapeake facilities
Chesapeake-based government contractor Prism Maritime LLC will invest $4 million to construct two 12,000-square-foot facilities in Chesapeake, creating 166 jobs, Gov. Ralph Northam announced Friday. The facilities will be used for manufacturing, lab and storage space and will be located in the Greenbrier North Commerce Park. Founded in 2006, Prism Maritime provides engineering, research, development […][...]
Hampton Roads universities ink deal to establish public health school
The presidents of Old Dominion University, Norfolk State University and Eastern Virginia Medical School signed a memorandum of understanding Thursday to establish Virginia’s first school of public health. The MOU solidifies the plan announced in January to develop a regional school of public health and address health inequitie[...]
Suffolk retail property sells for $4.5M
A Suffolk retail property leased to Goodwill of Central and Coastal Virginia sold for $4.5 million, Cushman & Wakefield | Thalhimer announced Thursday. Located at 2901 Godwin Blvd., the single tenant, net-leased property is 15,477 square feet. Stablewood Properties LLC purchased the property from Good Partners LLC. Clark Sim[...]
Dominion Energy and Port of Va. reach lease agreement for offshore wind project
Dominion Energy Inc. and the Port of Virginia reached an agreement allowing Dominion to lease 72 acres of the Portsmouth Marine Terminal, Gov. Ralph Northam announced Wednesday. Dominion Energy will use its portion of the 287-acre terminal, one of the Port of Virginia’s two multiuse terminals in the Norfolk Harbor, as a stagin[...]
More Va. health systems announce vaccine mandates
Major hospital systems in Hampton Roads and Central Virginia announced Wednesday that they will require all employees to be fully vaccinated against COVID-19. In Hampton Roads, Chesapeake Regional Healthcare, Children’s Hospital of The King’s Daughters, Riverside Health System and Sentara Healthcare jointly announced the r[...]
Dominion Business Center in Chesapeake sells for $5M
The two-building Dominion Business Center in Chesapeake sold for $5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Aug. 16. Located at 1001, 1005 and 1009 Scenic Parkway, Dominion Business Center sits on about 21 acres within the 325-acre Dominion Commerce Park. The center is 90% leased to a gro[...]
Dragas Cos. plans 150-home development in Chesapeake
Virginia Beach-based Dragas Cos. will break ground on a single-family residential development project in Chesapeake in 2022. The project, named Crestfield, will lie on 65 acres off Elbow Road near Centerville Turnpike North. It will have 150 single-family homes of roughly 2,450 to 2,800 square feet each. The houses are expected [...]
Two Va. companies among group that won $950M Navy contract
Two Virginia federal contracting companies were part of a group of companies that won a maximum $950 million construction contract from Naval Facilities Engineering Systems Command (NAVFAC) Mid-Atlantic, Norfolk. Along with six other contractors, they can compete for task orders under the terms of the contract, the Department of Defense announced Friday. Virginia Beach-based S.B. […]
Developer plans 800K-square-foot industrial building in Suffolk
A Kansas-based industrial developer has purchased 72 acres in Suffolk for $4.1 million, with plans to construct an 813,721-square-foot logistics center by September 2022. Cushman & Wakefield | Thalhimer announced the sale Friday, in which Geoff Poston and Ellis Colthorpe handled negotiations on behalf of the seller, Equus Ca[...]
Jean Yokum, longtime president and CEO of Langley Federal Credit Union, dies at 90
Jean Yokum, the longtime president and CEO of Langley Federal Credit Union, died Thursday, the credit union announced. She was 90. She served as the president and CEO for 33 years, first joining the credit union as a teller in 1953 and working her way up. She served in the top spot from 1979 until 2012, […]
Huntington Ingalls Industries completes $1.65B Alion deal
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries has completed its $1.65 billion, all-cash acquisition of McLean-based defense contractor Alion Science and Technology Corp. from Veritas Capital, HII announced Thursday. The acquisition was first announced in July. Alion, with more than 3,200 emplo[...]
