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Norfolk apartment complex sells for $17M
The Brittany Place apartment complex in Norfolk has sold for $17 million, New York City-based commercial real estate company Berkadia Commercial Mortgage LLC announced late last week. Located at 6143 Edward Street, the complex includes 148 two-bedroom units. The Affordable Housing Corp. sold the property to 6143 Edward Street [...]
Survey: Economic, cultural impact of virus concern Va. execs
A newly released survey finds that Virginia business and nonprofit leaders are concerned not only about the financial but the cultural impact of the COVID-19 pandemic. The Culture Conundrum survey, which polled 365 leaders across Central Virginia, Hampton Roads and Northern Virginia, was conducted from May 19-31 by Williamsburg-based marketing research firm Brand Planning LLC […]
Sentara opens $93.5M Brock Cancer Center in Norfolk
Norfolk-based Sentara Healthcare announced Friday it has opened the $93.5 million, 253,000-square-foot Sentara Brock Cancer Center, a patient treatment and care facility in Norfolk. The facility, which started construction in March 2018, opened to patients on June 1. It’s named for philanthropists Joan Brock and her late[...]
$125M Marriott Virginia Beach Oceanfront hotel opens
The $125 million, 305-room Marriott Virginia Beach Oceanfront is now open, Virginia Beach hospitality and real estate company Gold Key | PHR announced Thursday. The hotel, managed by Gold Key | PHR, is an addition to The Cavalier Resort, which includes the Historic Cavalier Hotel and Beach Club, two restaurants, 25,000 square fe[...]
ECPI University announces $4M in scholarships for black students
Virginia Beach-headquartered ECPI University will offer $4 million in scholarships for African American students in science, technology, engineering, math and health care programs, it announced Thursday. The new LIFT scholarship (Lead, Instruct, Foster, Transform) will pay for tuition, computers and Wi-Fi access for black studen[...]
Ship repair company building $64.4M Newport News campus
S23 Holdings LLC, a maritime company focused on ship repair and manufacturing, plans to locate its corporate and industrial campus in Newport News, Gov. Ralph Northam announced Tuesday. The company, which includes among its affiliates East Coast Repair and Fabrication (ECR), will invest $64.4 million and is expected to create 332 jobs. ECR already has […]
Coffee roasting company to build Suffolk distribution center
Massimo Zanetti Beverage USA Inc. (MZB-USA) announced Thursday it will build a 355,933-square-foot distribution center in Suffolk to support its headquarters and main coffee roasting operations in Portsmouth. The distribution center will be located in the Virginia Port Logistics Park, which is located approximately 30 miles from the Port of Virginia. Construction on the warehouse […]
Hotels saw 68% revenue drop in early June compared to 2019
Although the state has loosened some restrictions since entering Phase Two last Friday, Virginia hotels continued to see revenues drop in the first week in June by 68% compared to the same time a year ago, according to findings released Wednesday by Old Dominion University’s Dragas Center for Economic Analysis and Policy. Rooms sold were […]
Chesapeake shopping center sells for $13.6M
The Gainsborough Square shopping center in Chesapeake sold on June 2 for $13.6 million, according to city property records. Virginia Beach-based Armada Hoffler Properties Inc. (which declined to state the sales price) sold the 88,862-square-foot property to Slate Asset Management, according to a June 3 announcement from Collie[...]
Colonial Williamsburg to reopen on limited basis June 14
The Colonial Williamsburg Foundation announced Friday that it will open for limited public programming at some of its historic sites on June 14 while the state moves into Phase 2 of Gov. Ralph Northam’s “Forward Virginia” plan. “We are eager to welcome employees and guests back to Colonial Williamsburg, but reopening our[...]
Portsmouth, Norfolk move forward on casino projects
On Tuesday, the Portsmouth City Council approved Rush Street Gaming’s casino proposal and the Norfolk City Council selected the Pamunkey Indian Tribe as its preferred casino operator, as the two Hampton Roads projects move toward a November referendum vote on the cities’ ballots. Chicago-based Rush Street Gaming expects to invest at least $300 million, the […]
Colonial Williamsburg eyes limited reopening in Phase 2
Colonial Williamsburg is remaining mostly closed the rest of May, but portions of the historic area and art museums will reopen in early June as Virginia moves into Phase Two of Gov. Ralph Northam’s “Forward Virginia” plan. The Colonial Williamsburg Foundation, in a news release Thursday, announced that Chownin[...]
