Sign In
Free Newsletter
Williamsburg apartment complex sold for $46M
New York-based Kushner Cos. has purchased a 212-unit apartment complex in Williamsburg for $46 million, commercial real estate sales corporation Berkadia announced Thursday. Spotswood Commons, located at 100 Glenburnie Road, was sold by Massachusetts-based The Dolben Company Inc. Drew White, senior managing director of Berkadia&[...]
Willcox Savage names new managing partner
Thomas C. Inglima, a longtime attorney at Willcox Savage PC in Norfolk, has been named managing partner effective July 1, the law firm announced Thursday. Inglima, who joined Willcox Savage more than 25 years ago and has been a partner since 1999, succeeds Robert L. Dewey, the firm’s managing partner for more than 20 years[...]
Phase one of Portsmouth affordable housing project completed
Breeden Construction announced last week that it has completed the $12.5 million phase one of an affordable housing project in Portsmouth ahead of schedule. Work began on Lexington Place in January 2020. Located off Frederick Boulevard, Lexington Place now has 72 residences, a new clubhouse and 1.4 acres of green space. Breeden [...]
Hampton Roads sees small increase in active home listings
The Hampton Roads area saw growth in new home listings, pending sales and settled sales in May 2021 compared to May 2020, the Real Estate Information Network Inc. reported in its monthly update on the region. All new listings (listed three days or less) were up 24.74% year-over-year in May, and settled sales saw a […]
Lyon Shipyard plans $24.4M expansion, adding 119 jobs
Norfolk’s Lyon Shipyard plans to expand its operation, investing $24.4 million and creating 119 jobs, Gov. Ralph Northam announced Wednesday. The 93-year-old ship repair and industrial service provider plans to build a new marine travel lift and a larger waterfront dry dock on the Elizabeth River. Virginia competed for the project with North Carolina, according […]
Norfolk Southern taps new labor relations VP
Norfolk Southern is promoting Jason Morris to vice president labor relations, the Norfolk-based Fortune 500 railroad corporation announced Monday. Morris, the company’s assistant vice president safety and environmental, will succeed Scott Weaver, who is retiring Oct. 1 from the company after 32 years of service. Morris wil[...]
Canon Virginia CEO retires after 41 years
Toru Nishizawa, president and CEO of Newport News-based Canon Virginia Inc. and Canon Environmental Technologies Inc., retired June 1 after 41 years with the multinational corporation known for its optical and imaging products such as lenses, cameras and scanners. Canon has tapped Shingo Shigeta as his successor. Nishizawa, who [...]
Shamin Hotels purchases Va. Beach Hampton Inn
Chesterfield County-based Shamin Hotels has purchased the 120-room Hampton Inn property on Virginia Beach’s Oceanfront, Grand Bay Advisors, which represented the seller in the transaction, announced Friday. The sale amount was not disclosed, but the land and building are assessed at $20.6 million, according to city records[...]
Medical office in Chesapeake sells for $3.05M
Battlefield Medical Center in Chesapeake has sold for $3.05 million, Colliers announced Friday. The 12,253-square-foot building at 905 N. Battlefield Blvd. is across the street from Chesapeake Regional Medical Center. Michael D. Sifen Inc., represented by Colliers’ Ricky Anderson and Don Crigger, sold the building to Roil [...]
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 [...]
