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Williamsburg apartment complex sells for $46.5M
An apartment complex in Williamsburg sold for $46.5 million, commercial real estate firm Colliers International announced Wednesday. Located at 100 Whitworth Way, Elan-Williamsburg is a 198-unit apartment complex developed by Charleston, South Carolina-based real estate developer Greystar in 2018. It was sold to Glen Allen-based[...]
Breeden Realty VP joins CREW Network Foundation board
Virginia Beach-based real estate developer The Breeden Co. announced Tuesday that Brenda Karp, Breeden Realty vice president, was appointed to the Commercial Real Estate Women (CREW) Network Foundation board of directors. The CREW Network is a professional association for women in the real estate profession, and its foundation[...]
Baskervill, HKS to lead Norfolk casino design, architecture
The Pamunkey Indian Tribe announced Thursday that Dallas, Texas-based HKS and Richmond-based Baskervill will serve as the architecture team for the tribe’s planned $500 million Norfolk Resort & Casino if city voters approve a Nov. 3 local referendum approving the casino development. Backed by Tennessee billionaire inve[...]
CNU hires executive director of new fine arts center
Holly Koons has been named the inaugural executive director of the Christopher Newport University Fine Arts Center, which is scheduled to open next year, the Newport News-based university announced Wednesday. Koons was most recently executive director of the Arlington Arts Center and will start her new position Oct. 15. “I am [...]
Dominion offshore wind turbines complete reliability testing
Richmond-based Dominion Energy Inc. announced Wednesday that its two turbine, 12-megawatt, $300 million Coastal Virginia Offshore Wind (CVOW) pilot project, located 27 miles off the Virginia Beach coastline, has successfully completed reliability testing. Dominion, the first U.S. electric utility company to install an offshore w[...]
Indigenous trust fund will receive annual Norfolk casino funds
On Virginia’s first state-recognized Indigenous Peoples’ Day, the Pamunkey Indian Tribe announced Monday that its proposed casino in Norfolk would provide between $3.5 million and $4 million each year to the Virginia Indigenous People’s Trust Fund. The proposed $500 million casino and resort is on the Nov. 3 ge[...]
Armada Hoffler buys Richmond apartment complex for $25M
Virginia Beach-based Armada Hoffler Properties Inc. announced last week it has completed the $25 million acquisition of the Edison Apartments in Richmond. The 174-unit, 12-story property was originally built in 1919 as the headquarters for the Virginia Electric and Power Co. (now Dominion Energy Inc.) and was renovated and rep[...]
Hampton Roads residential median sales prices rose 10%+ last month
Hampton Roads saw residential median sales prices rise 10.04% during September, Real Estate Information Network Inc. (REIN) reported Monday. This is the largest annual increase in more than six years. September 2020’s median sales price was $275,000, compared to $249,000 during the same period last year. “Housing has been one of the strongest economic performance […]
ODU Batten College dean appointed
Ben Stuart will be the eighth dean of Old Dominion University’s Frank Batten College of Engineering and Technology, effective Oct. 25, the university announced Friday. Stuart has served as interim dean since June 2019, during which time the university conducted a national search. “Ben Stuart is a thoughtful leader an[...]
Va. Beach PPE manufacturer will create 180 jobs with $5.3M expansion
Premium-PPE, a manufacturer of AmeriShield branded masks and personal protective equipment, will invest $5.3 million to expand its Virginia Beach operations, creating 180 jobs, Virginia Gov. Ralph Northam announced Thursday. Premium-PPE is a subsidiary of Premium Estore LLC (doing business as PremiumEcigarettes), an e-cigarette product manufacturer that in March began operating as Premium-PPE to focus […][...]
Va. hotels continue slow recovery
Virginia hotel revenues remained below pre-pandemic levels last week, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Sept. 27 through Oct. 3, hotel revenues in Virginia decreased by 43% and rooms sold declined by 27%, compared to the same […]
Newport News Shipbuilding taps in-service aircraft carrier programs VP
Newport News-based Huntington Ingalls Industries announced Tuesday that Todd West has been promoted to vice president of in-service aircraft carrier programs for the company’s Newport News Shipbuilding division, succeeding Chris Miner, who will retire Dec. 1 after more than 37 years with America’s largest military shipbu[...]
