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Chincoteague pony swim canceled for first time since WWII
For the first time since World War II, the annual Chincoteague Pony Penning celebration, scheduled to begin July 2, has been canceled, Alex Tucker, president of the Chincoteague Volunteer Fire Company Inc. announced Monday. “Please understand that this was not an easy decision to make, with the last pony penning being cancel[...]
ODU president retiring in 2021
Old Dominion University President John R. Broderick announced Monday that he will be retiring in summer 2021. ” I am proud of the many breakthroughs Old Dominion has achieved in the past 12 years, including more than $940 million in new or committed resources. I look forward to watching Old Dominion climb many more mountai[...]
Va. Beach to reopen beaches Friday, with restrictions
The oceanfront at Virginia Beach will reopen this Friday for recreational activity, Gov. Ralph Northam announced during his coronavirus news conference Monday. Approved activities include sunbathing, swimming, fishing and surfing, he said, but will not include group sports, alcohol consumption, grouping umbrellas or the use of[...]
Va. Beach defense contractor to create 100 jobs
Virginia Beach-based defense contractor Valkyrie Enterprises Inc. announced Friday it has received a $125,000 grant from the Virginia Beach Development Authority (VBDA) to aid in its planned expansion by 100 full-time jobs during the next three years. “Valkyrie Enterprises epitomizes the real value of these grants,” Economic Development Director Taylor Adams said in a statement. […]
Reopening will be delayed in Richmond, Accomack County
The city of Richmond and Accomack County, the Eastern Shore locality that has seen COVID-19 outbreaks in its poultry plants, will not enter Phase One of Gov. Ralph Northam’s “Forward Virginia” reopening plan Friday. Like Northern Virginia, the localities will wait two weeks until May 29. The governor’s announcement comes after Richmond Mayor Levar Stoney […]
Va. Beach property management firm names director
Virginia Beach-based property management firm The Lawson Cos. announced Wednesday that David Carneal will be its director of property management. He will be responsible for management of the company’s portfolio of more than 5,500 units and will oversee the company’s six regional property managers. Carneal was most recently p[...]
Norfolk buys former Military Circle hotel for $2.4M
Less than a week after Norfolk announced its purchase of the Military Circle Shopping Mall for $11 million, the Norfolk Economic Development Authority (EDA) said Thursday it has also approved a plan for the city to purchase the former DoubleTree Hotel at Military Circle for $2.4 million. The hotel property was listed for sale [...]
Va. Beach apartment complex sells for $6.575M
The Falcon Point apartment complex in Virginia Beach has sold for $6.575 million, Colliers International announced Thursday. Seminole Trail Properties purchased the property from The Runnymede Corp. Located at 2105 Lake Smith Drive, Falcon Point includes 64 apartment units. It was constructed in 1971 and has received both exteri[...]
Norfolk buys Military Circle Shopping Mall for $11M
The Norfolk Economic Development Authority (EDA) announced Friday it approved a plan for the city to purchase the Military Circle Shopping Mall for $11 million to redevelop the mall and surrounding area for mixed-use development. “The Military Circle corridor is the crossroads of the Hampton Roads region,” Norfolk Mayor Kenn[...]
Viral load
Like a canary in a coal mine, the Port of Virginia felt the impact of COVID-19 well before others in Virginia started to feel it. In February, the port saw a 9% drop in cargo compared with February 2019, a decrease attributed in part to the outbreak’s origins in China. In 2018, China was the […]
Executive profiles
We asked leaders in Virginia’s maritime and logistics industry for their thoughts on the Port of Virginia expansion and the impact of the COVID-19 pandemic on shipping. Click to expand photos. Interviews follow. VB: How will the Port of Virginia expansion impact Virginia’s economy? Adams: The Central Chapter encompasses the area around Richmond and is […]
Va. Beach contractor lands $782M Navy contract
Navy veteran Terry Spitzer has dedicated much of his career to manufacturing equipment to be used by his former U.S. Armed Forces branch. In April, Global Technical Systems (GTS), the Virginia Beach-based company Spitzer and his wife, Yusun, co-founded in 1997, landed a $782 million contract to manufacture equipment for the Navy[...]
