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2020 Legal Elite — Young Lawyer Profile
Title: Labor and employment associate Other legal specialties: Commercial and civil litigation, professional liability defense Education: Bachelor’s degree, Christopher Newport University; law degree, Regent University Spouse: Teneisha C. Pierce Children: Micah E. Sharp-Pierce; David L. Pierce; Arianna C.A. Pierce; Ian A. [...]
Governor’s Inn in Williamsburg sells for $3.05M
The Governor’s Inn, a former 200-room hotel in Colonial Williamsburg, sold for $3.05 million, Cushman & Wakefield | Thalhimer announced last week. Charlottesville-based real estate investment company Castle Development Partners LLC purchased the property from The Colonial Williamsburg Foundation and plans to raze the p[...]
Chesapeake industrial office building sells for $1.95M
An industrial office building in Chesapeake sold for $1.95 million, Cushman & Wakefield | Thalhimer announced last week. Located at 1017 Wallboard Drive, the 19,500-square-foot office building was vacant at the time of the sale. The property was purchased by Wallboard LLC, a drywall company, from Seahawk Properties LLC, whic[...]
New community bank set to open in Va. Beach
For all Mike Ives’ experience in banking, he was perplexed by a word that potential investors and clients kept mentioning during a feasibility study for the bank he wanted to form: “menu.” “I’d not heard the word ‘menu’ used before regarding banking,” says Ives, explaining that some larger banks give [...]
BAE Systems lands $237.7M Navy contract
The U.S. Navy awarded BAE Systems Norfolk Ship Repair, a business unit of Arlington-based defense contractor BAE Systems Inc., a potential $237.7 million contract to drydock and perform maintenance and modernization work on the USS Wasp assault ship, the company announced Tuesday. Under the contract, BAE Systems will begin wor[...]
Newport News Shipbuilding lands $2.2B sub contract modification
Newport News-based Huntington Ingalls Industries (HII)’s Newport News Shipbuilding division received a $2.2 billion contract modification from Reston-based General Dynamics Electric Boat for construction of the first two Columbia-class ballistic missile submarines, the company announced on Monday. The U.S. Navy in early No[...]
Smithfield Foods commits $300K to support STEM initiative
Smithfield Foods Inc. has announced it plans to commit $300,000 through 2021 to support Heritage STEM Camps Foundation, a not-for-profit organization that creates immersive experiences for aspiring leaders in the fields of science, technology, engineering and math. The Smithfield-based company’s contribution will support H[...]
Vinton, Warsaw, Wytheville receive industrial revitalization funding
The towns of Vinton, Warsaw and Wytheville will receive a total of more than $1.4 million in state industrial revitalization fund (IRF) grants, Gov. Ralph Northam announced Friday. IRF funding provides gap financing for redevelopment projects that can lead to long-term employment opportunities. “This funding will not only help transform deteriorating or unused structures, it […]
Virginia Natural Gas donates $500K to Hampton University
Virginia Beach-based Virginia Natural Gas and its parent company, Southern Co., announced Thursday that the companies are donating $500,000 to Hampton University to support information technology infrastructure upgrades in light of new remote learning needs brought on by the pandemic. The funds, which are part of the Southern Co. Foundation’s $50 million HBCU (historically Black […]
Northam announces $10M investment in oyster restoration
Gov. Ralph Northam on Thursday visited the Elizabeth River Project’s Learning Barge to announce $10 million in funding to support future Chesapeake Bay oyster restoration — marking the first time Virginia capital funds have been directed toward restoring natural resources. “Virginia has made tremendous progress in imp[...]
Norfolk startup initiative launches
The Norfolk Innovation Corridor (NIC), an initiative to attract and retain startups in the region, launched on Thursday, Old Dominion University announced. Qualifying startups and company expansions can receive tax incentives (abatement of Business, Professional and Occupational License taxes at 100% for two years and 50% for three years) through the NIC, in collaboration with […]
Downtown Suffolk unveils new branding
The Suffolk Economic Development Department on Wednesday unveiled new Downtown Suffolk branding. Downtown District businesses will have access to the logo and other marketing tools developed by advertising agency BrandFirst. There are also logos available with a “We’re Open” tagline. The new branding and tagline are pa[...]
