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Batten donates $100M to expand W&M marine, coastal research
Jane Batten, the matriarch of a Hampton Roads family known for its philanthropy, has pledged $100 million to William & Mary to boost coastal and marine science research towards finding global solutions for flooding and sea-level rise, the Williamsburg university announced Wednesday. The newly named Batten School of Coastal &[...]
NoVa, Hampton Roads home sales fall in June
Home sales in Northern Virginia and Hampton Roads dropped year-over-year in June, as homes stayed on the market longer and median sales prices rose. Northern Virginia June home sales in Northern Virginia fell 13.8% from June 2023 and 12.2% from May, according to data released July 11 by the Northern Virginia Association of Realt[...]
Inova Fairfax Hospital ranks No. 1 in Va. for fourth year
For the fourth consecutive year, Inova Fairfax Hospital in Falls Church has taken the No. 1 spot in Virginia on the U.S. News and World Report’s annual list of the best hospitals in the nation, released Tuesday. The Inova Health System hospital also ranked first in the Washington, D.C., metro area for the fourth straight [&h[...]
Construction begins on Hampton Logistics Center
New York’s Turnbridge Equities and Maryland’s Manekin, both real estate development and investment firms, have begun construction on two Class A industrial warehouse buildings in Hampton off Interstate 64, located less than 20 minutes from the Port of Virginia, according to an announcement this week. The two companies, w[...]
$681M subsea cable plant coming to Chesapeake
A U.S. subsidiary of a South Korean cable manufacturer plans to build a $681 million subsea cable manufacturing plant in Chesapeake, the company announced Tuesday. The project is expected to create 338 jobs. LS GreenLink USA’s Chesapeake subsea cable factory will be built at the Deep Water Terminal Site in Chesapeake, a 96[...]
Dominion Energy to buy N.C. offshore wind lease for $160M
A Dominion Energy subsidiary has agreed to acquire a 40,000-acre offshore wind lease off North Carolina’s Outer Banks for $160 million, the Fortune 500 utility announced Monday. Virginia Electric and Power Company, which does business as Dominion Energy Virginia, will purchase the Kitty Hawk North Wind lease from Avangrid,[...]
Jefferson Lab names next director
The Thomas Jefferson National Accelerator Facility has named a new director, Kim Sawyer, who will replace Stuart Henderson, the lab’s director since 2017. Sawyer will start her new post at the Newport News facility Aug. 2, according to a Jefferson Science Associates news release Monday. Having previously served as deputy[...]
Chesapeake shopping center sells for $20.05M
A community shopping center in Chesapeake sold for $20.05 million in early June, property records show. Located at 4300 Portsmouth Blvd., adjacent to the Chesapeake Square mall, the roughly 180,000-square-foot shopping center sold for $18.847 million, and an associated 1.32-acre outparcel sold for $1.203 million. The shopping ce[...]
Wawa parcel in Newport News bought for $4.5M
A property leased to a Wawa in Newport News sold for $4.5 million, Cushman & Wakefield | Thalhimer announced Monday. OMILOS LLC — registered to an Arlington County address — bought the 1.95-acre parcel located at 11124 Jefferson Ave. Property records show that Athanasios K. Polyzos previously owned the property, beginnin[...]
Navy Region Mid-Atlantic changes command
After serving as commander of the Navy Region Mid-Atlantic for a little over a year, Navy Rear Adm. Wesley “Wes” McCall finished his duties Wednesday and has been succeeded by Rear Adm. Carl A. Lahti. As of Wednesday, Lahti now oversees 13 installations from Illinois to North Carolina and is stationed at the world[...]
NNS aims to grow workforce
Virginia’s largest industrial employer, Newport News Shipbuilding, hopes to grow its 26,000-person workforce by 3,000 this year to tackle its backlog of projects. NNS, a division of Huntington Ingalls Industries, is building modular components for 12 Columbia-class subs and then handing them off to partner General Dynamics’ [...]
Catch a wave
Updated July 26: Chuck Rigney resigned as economic development director after six months on the job. After three decades recruiting businesses to Norfolk, Portsmouth and Hampton, Charles E. “Chuck” Rigney is tackling a new challenge: leading Virginia Beach’s economic development. Rigney was named the Resort City’s perma[...]
