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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[...]
William & Mary Law School names new dean
The William & Mary Law School announced Monday that A. Benjamin Spencer will become its next dean, effective July 1. Spencer will also serve as a Chancellor Professor of Law. Spencer succeeds Davison M. Douglas, who has served as dean for more than 10 years. Douglas will return to the school’s faculty after Spencer takes [[...]
Port expansion project nears finish line
The Port of Virginia announced Monday that the final group of stacking cranes needed to complete the $375 million crane addition portion of expansions at both the Norfolk International Terminals and Virginia International Gateway arrived May 14. The offloading process began the next day, Friday, May 15, and continued through the[...]
Virginia Port Authority CEO retiring next March
John F. Reinhart, CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia, announced at a board meeting Tuesday that he plans to retire in March 2021. “A lot of thought went into this decision, but when I consider the growth and maturity of this organization and the level of […]
Va. Beach military contractor announces $4M expansion
Virginia Beach-based military-industrial contractor SJS Executives LLC announced Tuesday it has received a $125,000 grant from the Virginia Beach Development Authority that will be used toward workspace and workforce expansion, as part of its Economic Development Investment Program (EDIP). As part of its expansion, the company plans to make a total of $4 million in […]
Reopening weekend largely positive for restaurants
Reopening weekend was largely positive for restaurants and other businesses in Virginia localities that entered Phase One of Gov. Northam’s Forward Virginia plan on Friday. “It was actually very busy,” said Brad Smith, general manager of Quaker Steak & Lube on Bristol’s State Street. “We were bu[...]
Norfolk nonprofit awards $2M to small businesses to battle sea level rise
Norfolk-based nonprofit organization RISE announced Monday that up to $2 million will be allocated among five small businesses to advance the design of products to help coastal communities adapt to sea level rise and flooding. “Once again, RISE demonstrates the value of their unique model in providing economic development opportunities as solutions for Virginia to […]
