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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 […]
Va. Beach industrial office park sold for $4.1M
Virginia Beach’s First Colonial office park has been sold for $4.14 million, Cushman & Wakefield | Thalhimer announced last week. The adjoining lots at 205-217 First Colonial Road make up 2.99 acres and include a 37,500-square-foot office/warehouse park. CP Roadrunners LLC purchased the property from Virginia-based Nos[...]
Small uptick in Hampton Roads residential real estate listings
In April 2021, there appeared to be signs that the Hampton Roads region’s low real estate inventory may be on the rise. According to the Real Estate Information Network Inc.’s monthly report on Southeastern Virginia, more listings have been added to the region’s Multiple Listing Service. Last month, there were 3,780 active listings, up from […]
Harbor Group International closes $558M loan obligation
Norfolk-based real estate investment and management firm Harbor Group International LLC has closed a $558 million commercial real estate collateralized loan obligation (CRE CLO), the company announced Wednesday. The deal, HGI 2021-FL1, is the firm’s first CRE CLO, which is a security backed by commercial real estate loans. HGI’s CRE CLO consists exclusively of bridge […]
S.L. Nusbaum hires vice president of human resources
S.L. Nusbaum Realty Co. announced last week that Jennifer Leigh has been hired as the Norfolk firm’s vice president of human resources. She joins Nusbaum from CBRE (later acquired by Colliers) as chief human resources officer, with oversight over their offices in Virginia and North Carolina. Leigh previously worked in human resources at Sentara Healthcare, […]
Colonial Williamsburg Foundation hires educational travel and conferences director
The Colonial Williamsburg Foundation announced Friday that J. Thomas Savage will become its director of educational travel and conferences, effective July 12. Currently, Savage serves as director of external affairs for Winterthur Museum, Gardens and Library in Delaware. “Tom Savage is an internationally known and respected ex[...]
Breeze Airways setting up base in Norfolk
Breeze Airways, a new low-cost airline, will invest $5.2 million to build an operations center in Norfolk, producing 116 jobs, the governor’s office announced Friday. The airline also will offer nonstop flights out of Richmond International Airport and Norfolk International Airport. The Salt Lake City, Utah-based startup c[...]
