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New Port of Virginia chief named
Stephen Edwards, a Los Angeles-based CEO with more than two decades of maritime industry experience, will be the Virginia Port Authority’s new CEO and executive director, the authority’s Board of Commissioners announced Wednesday. Edwards, who will start his new post Jan. 19, replaces retiring CEO and Executive Direc[...]
Growth mode
Large Business | Carla Stoner, CFO Harbor Group International LLC, Norfolk Carla Stoner doesn’t come from a typical CFO background of working strictly as an accountant or CPA, but she had the chops to grow Norfolk-based real estate investment and management firm Harbor Group International LLC (HGI) from $3.8 billion in assets [...]
Smooth sailing
Small business | Mark Baumgartner, CFO Pender & Coward PC, Norfolk It’s safe to say Mark Baumgartner knows the ins and outs of Virginia Beach-based law firm Pender & Coward PC, where he has served as chief financial officer since 2017. Prior to becoming the firm’s CFO, Baumgartner had 20 years of experience working a[...]
A whole new ball game in Va. Beach
Attention, athletic leagues: The $68 million, 285,000-square-foot Virginia Beach Sports Center is open for business. “We’re ready to get this party started,” says Nancy Helman, the city’s director of sports marketing, who celebrated the facility’s Oct. 1 debut with Mayor Bobby Dyer and other city officials. The caverno[...]
Home sales continue to surge in September
Virginia continues to see home sales surge, with a 35% increase during September, according to Virginia Realtors. Sales were up by a staggering 80% in Eastern Virginia when compared to last year. Northern Virginia saw a 37% increase, and Central Virginia saw a 24% jump. Although home sales historically slow following the summer season, the […]
Smithfield Foods CEO to retire
Smithfield Foods Inc., the world’s largest pork processor and hog producer, announced Monday that President and CEO Kenneth M. Sullivan will retire in early 2021 after nearly 20 years with the company. Chief Operating Officer Dennis Organ will succeed Sullivan as president and CEO following his retirement. Organ joined the c[...]
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[...]
