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Norfolk industrial building sells for $1.6M
An industrial building that houses Hampton Roads Church’s Norfolk location has been sold to an investor for $1.62 million, Cushman & Wakefield | Thalhimer announced last week. Stenke’s Homebase LLC, represented by Samuel W. Scott of Cushman & Wakefield | Thalhimer, purchased the 13,500-square-foot building at[...]
BDO USA names Hampton Roads market leader
Accounting firm BDO USA LLP announced Thursday that Edward Amorosso has been named market leader for the company’s Hampton Roads market, a promotion from his previous position as the Norfolk office’s managing partner and national co-industry leader in government contracting. Before joining BDO, Amorosso served as CEO[...]
Sentara, Cone Health call off merger
Sentara Healthcare and Greensboro, North Carolina-based Cone Health have abandoned plans for a merger first announced in August 2020, according to a joint statement released Wednesday from the two health care systems. The Sentara Healthcare Board of Directors and the Cone Health Board of Trustees came to the mutual agreement to [...]
39 Virginia companies make 2021 Fortune 1000 list
Thirty-nine Virginia-based companies made Fortune magazine’s 67th annual Fortune 1000 list, which was released Wednesday. The list ranks the 1,000 largest United States corporations by total revenue. Twenty-two companies made the elite Fortune 500 list, including Fortune 500 newcomer CACI International Inc., which was ranked at No. 473 this year. It was ranked No. 549 […]
Sentara expands Healthier Communities Fund by $40M
Sentara Healthcare is allocating $40 million to expand its Healthier Communities Fund across Virginia and northeast North Carolina, with an aim to address health disparities that have been magnified by the impact of COVID-19 among underserved populations. Today’s announcement follows an initial $10 million the Norfolk-based health care system pledged in January to address health […]
Rolling out the red carpet
With high-speed subsea internet cables landing on Virginia Beach’s shores and massive wind turbines propelling off its coast, the state’s largest city is primed to welcome new businesses and industries generating high-end jobs. “Virginia Beach is going to be the epicenter of economic development on the East Coast,” says [...]
Summit Pointe continues growth
Chesapeake Mayor Rick West lives in the city’s Greenbrier section, so he frequently drives past Summit Pointe, the rapidly expanding mixed-use development centered around the corporate headquarters of Fortune 500 discount retailer Dollar Tree Inc. And West likes what he sees at Summit Pointe, which is aiming to be a new pedest[...]
HII gets Navy order for new unmanned underwater vehicles
The U.S. Navy has ordered two of Huntington Ingalls Industries’ new unmanned underwater vehicles, the Newport News-based shipbuilding company announced this week. HII says common applications for the REMUS 300 vehicle, which became commercially available in April, include mine countermeasures, marine resource work and search [...]
Chesapeake industrial/flex buildings sell for $61M
A three-building industrial/flex office complex in Chesapeake has sold for $61 million, Cushman & Wakefield | Thalhimer announced Thursday. Washington, D.C.-based DSC Partners sold the property, which is 100% leased to several tenants, including General Dynamics and Sentara Healthcare, to a New Jersey firm, Heritage Capital [...]
Sentara hires VCU’s Hancock as chief administrative officer
Sentara Healthcare has hired Melinda S. Hancock as senior vice president and its first chief administrative officer, the Norfolk-based health system announced Thursday. Hancock, who starts July 19, is currently the chief administrative officer and chief finance officer for the VCU Health System, where she’s been since 2016[...]
Va. Finance Secretary Aubrey Layne to join Sentara
Virginia Secretary of Finance Aubrey Layne will join Norfolk-based Sentara Healthcare as the health system’s senior vice president and chief of staff, effective July 1. Layne’s responsibilities will include overseeing Sentara’s legislative affairs and corporate social responsibility teams, as well as the Sentar[...]
Checkered Flag Auto Group acquires Newport News dealership
Virginia Beach-based Checkered Flag Auto Group announced Tuesday that it has purchased the Pomoco Chrysler, Dodge, Jeep, Ram, Alfa Romeo and Fiat dealership in Newport News. The acquisition is the company’s first dealership on the peninsula and its first to include U.S. automotive brands. Checkered Flag Auto Group consists of 10 other dealerships in the […]
