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Firefly Aerospace to launch at Wallops Island
Cedar Park, Texas-based Firefly Aerospace has picked Virginia Spaceport Authority’s Mid-Atlantic Regional Spaceport located on Accomack County’s Wallops Island as a new launch site for its two-stage orbital Alpha rocket, Gov. Glenn Youngkin announced Monday. A small launch vehicle, the Alpha serves commercial, civil an[...]
ODU hires new engineering dean
Old Dominion University announced Tuesday it has hired Jeffrey Fergus to be the next dean of the Batten College of Engineering and Technology, starting Aug. 10. Fergus is currently the associate dean for undergraduate studies and program assessment in the Samuel Ginn College of Engineering at Auburn University in Alabama, where [...]
Va. casinos report $62.7M in May gaming revenues
May gaming revenues for Virginia’s three casinos totaled $62.7 million, according to Virginia Lottery data released June 14. Last month, the Bristol Casino: Future Home of Hard Rock temporary casino reported about $15.46 million in adjusted gaming revenues (wagers minus winnings), of which about $12.4 million came from its 891[...]
400-unit apartment complex sells for $84M in Norfolk
A 400-unit apartment community in Norfolk sold for $84 million, according to a late May news release from Croatan Investments. Originally built in 1991, the garden-style apartment community, Park Crescent, had 454,735 rentable square feet at the time of sale, according to Croatan. FPA Multifamily purchased the property from a jo[...]
Dollar Tree, a Virginia corporate success, faces new pressures over history of violations
Virginia inspectors have levied $1.9 million in fines against Dollar Tree and Family Dollar in the past 10 years for health and safety violations, according to a VCIJ at WHRO analysis. Federal inspectors have forced the stores’ parent company to pay millions more. Now, worker advocates and activist investors have increased cal[...]
Hampton Roads home sales steady, inventory rises in May
Hampton Roads home sales in May remained steady year-over-year, but inventory climbed, breaching 4,000 homes for sale, according to Real Estate Information Network (REIN) data released Monday. Last month, 2,498 homes sold in Hampton Roads, up from 2,189 in April and equal to homes sold in May 2023. Pending sales totaled 2,546, d[...]
Lester Group acquires Williamsburg building supply company
The Lester Group, a Martinsville-based company with a diverse portfolio including lumber products and real estate development, acquired Williamsburg-based Custom Builder Supply on June 3, the company announced earlier in June. Lester Group CEO Jay Dickens declined to release financial terms of the deal. Randy Cooper founded Cust[...]
Carry-On Trailer expands Westmoreland operation
Georgia-based Carry-On Trailer, a leading manufacturer of steel and utility trailers, will invest $9.2 million to increase capacity at its facility in Westmoreland County, Gov. Glenn Youngkin announced Tuesday. The project is expected to create 60 jobs. To meet increasing customer demand in the northeast, Carry-On Trailer plans [...]
Dollar Tree considers selling or spinning off Family Dollar
Chesapeake-based Fortune 500 discount retailer Dollar Tree is considering selling or spinning off its Family Dollar brand, which it acquired in 2015 for $8.5 billion. “Dollar Tree has been on a multiyear journey to help the company fully achieve its potential,” CEO and Chairman Rick Dreiling said in a statement Wednesday. �[...]
Clark Nexsen contributes to SEALs D-Day monument
Eighty years after the June 6, 1944, Allied invasion of Normandy, France, a Virginia company and other contractors gathered there to unveil a monument honoring the World War II predecessors of the Navy SEALs and special boat crews. The Navy SEAL Museum San Diego, a museum opening late this year and a sister institution to [&hell[...]
Norfolk property management firm promotes president, principal broker
John Chandler has been promoted to president and principal broker of Berkshire Hathaway HomeServices RW Towne Property Management, the Norfolk-based real estate firm announced Wednesday. Chandler was previously director of facilities and compliance for Berkshire Hathaway HomeServices RW Towne Realty and chief operating officer o[...]
Jefferson Lab scientists to study water treatment methods
Jefferson Lab, the Newport News-based Thomas Jefferson National Accelerator Facility known worldwide for its highly scientific research, is now looking to take on solutions to everyday problems, starting with eliminating harmful chemicals in drinking water. Jefferson Lab researchers use high-energy electron beams to study the bu[...]
