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$49M recycled pulp facility coming to Chesapeake
Oregon-based Total Fiber Recovery LLC will invest $49 million to establish its first pulp recycling facility in Chesapeake, creating 68 jobs, Gov. Ralph Northam announced Friday. The Chesapeake facility is set to begin operations in 2021 and annually process 300,000 tons of mixed paper and recycled fiber from materials recovery facilities in the region. The […]
$112M flood resilience project breaks ground in Norfolk
Gov. Ralph Northam and Norfolk Mayor Kenneth Cooper Alexander broke ground Friday on the Ohio Creek Watershed project, aimed at protecting two Norfolk neighborhoods from flooding due to sea-level rise. The project will include the new Resilience Park, which will connect the historic Grandy Village and Chesterfield Heights neighborhoods, as well as a flood berm, […]
Water heater manufacturer will create 180 jobs in James City County
Navien Inc., a U.S. subsidiary of a South Korean manufacturer of water heaters and boilers, is setting up shop at the former Lumber Liquidators building in James City County, creating 180 manufacturing jobs, Gov. Ralph Northam announced Tuesday. This is the first U.S. manufacturing operation for KD Navien, which is headquartered in Seoul, and the […]
Dominion, PGEC sign deal to bring broadband to Surry County
Dominion Energy Virginia and Prince George Electric Cooperative (PGEC) signed a memorandum of understanding that would bring high-speed internet to about 7,000 households in Surry County, Dominion announced Friday. This is the first time a utility and a cooperative have partnered to expand broadband access in Virginia, according to Dominion’s news release. The agreement would […]
International Space Station resupply mission launched from Wallops Island
The 13th cargo resupply mission (NG-13) took off Saturday afternoon from Wallops Island in Accomack County to the International Space Station (ISS). The spacecraft will deliver more than 8,000 pounds of cargo to the space station, Gov. Ralph Northam said. The Virginia Commercial Space Flight Authority, NASA Wallops Flight Facility and Falls Church-based defense contractor Northrop […]
Three-building office portfolio in Chesapeake sells for $8.4M
Three office buildings in Chesapeake have sold for $8.4 million, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The three-building portfolio in the Greenbrier submarket was sold by Virginia Beach-based Davenport Group Real Estate Inc./Lefcoe Develo[...]
Smithfield Foods announces RedWhiteandCool program to hire vets
Smithfield Foods Inc. and the Refrigerating Engineers and Technicians Association (RETA) on Tuesday announced RedWhiteandCool — an initiative to recruit, train and hire transitioning military veterans into the refrigeration industry as refrigeration technicians. Smithfield Foods is a founding sponsor of the program. “There is a shortage of skilled labor in our country and the commercial […][...]
Two Va. hospitals ranked in nation’s top 100
Healthgrades has named its 2020 list of the top 250 hospitals in the United States, and two Virginia hospitals landed in the top 100. Inova Fairfax Hospital in Falls Church and Sentara Leigh Hospital in Norfolk are in the top 2% of the America’s Best Hospitals survey released Tuesday. Inova Fairfax was recognized as one […]
Va. Beach’s Croatan Investments adds principal to leadership team
Virginia Beach-based real estate investment company Croatan Investments LLC added Mike Marshall as a principal on its leadership team, the company announced Monday. Marshall was most recently executive managing director for New York City-based real estate company Newmark Knight Frank Inc. (NFK) and has more than 30 years of expe[...]
Former church building in Chesapeake sells for $5.75M
Chesapeake-based 601 Volvo LLC purchased the former Parkway Christian Center Inc. building in Chesapeake for $5.75 million, Toronto, Ontario, Canada-based commercial real estate company Colliers International announced Monday. The 36,185-square-foot building at 601 Volvo Pkwy. in Chesapeake sits on more than five acres of land. [...]
Alabama company buys Little Creek Marketplace in Norfolk
Birmingham, Alabama-based property management company Shannon Waltchack’s retail real estate fund, SWNC I LLC, has purchased the Little Creek Marketplace shopping center in Norfolk, S.L. Nusbaum Realty Co. announced Tuesday. The sale price of the transaction was not disclosed. The 49,000-square-foot retail center was 97% lease[...]
Norfolk office building sells for $2M
A 15,000-square-foot office building in Norfolk sold for $2 million, real estate and investment management company Colliers International announced Feb. 3. Constructed in 2007, the two-story building is located directly off Military Highway at 5665 Lowery Road. The Janaf location of The Therapy Network is currently a tenant an[...]
