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Follow up: Casino gaming could create 7,600+ jobs
Five proposed casinos, sports wagering and online casino gaming would directly create about 7,600 jobs, according to projections released in late November by the Joint Legislative Audit and Review Commission. However, the five casinos combined would generate $367 million in net annual state tax revenue — less than the Virgin[...]
Deep-water terminal sold for $8.15 million
A 55-acre deep-water terminal in Chesapeake has been sold to Norfolk-based Ruth Industrial LLC for $8.15 million, Cushman & Wakefield | Thalhimer announced this week. The property at 700 Rosemont Ave. includes about 60,000 square feet of industrial space and a 400-foot concrete pier. The seller is OEP Rosemont LLC, based in [...]
Williamsburg shopping center purchased for $12.2M
Williamsburg shopping center Courthouse Commons has been purchased for $12.2 million by Baltimore-based Hamilton Park Limited Partnership, Harvey Lindsay Commercial Real Estate announced Tuesday. The 48,650 square-foot property located on Monticello Avenue near William & Mary is home to The Fresh Market, Starbucks, franchise exercise studio Pure Barre and smaller retailers. It was sold by […][...]
Chesapeake-based Volvo Penta promotes two executives
Chesapeake-based Volva Penta of the Americas appointed Yichen Gu to vice president of parts and accessories and promoted Marcelo Puscar to vice president of marketing. Both executives will be based in the Chesapeake office, the engine manufacturer announced Tuesday. Gu will assume his position in March 2020 and will plan and direct parts and accessory […]
Jamestown-Yorktown Foundation taps new executive director
American Civil War Museum CEO Christy Coleman has been tapped as executive director of the Jamestown-Yorktown Foundation. She replaces the foundation’s longtime leader, Philip G. Emerson, who is retiring on Dec. 31 after 28 years. Coleman, who starts at JYF on Jan. 21, previously held leadership positions at the Charles H. Wri[...]
Colliers International names three new principals
Norfolk-based Colliers International Group Inc. has named three new principals in the firm, the company announced Monday. Donald Crigger, executive vice president, and George “Hank” Hankins, senior vice president, and Charles Wentworth, senior vice president, are now part owners of the commercial real estate firm. Crigger an[...]
Hampton Roads Realtor receives lifetime achievement award
The Hampton Roads Realtors Association presented Berkshire Hathaway HomeServices Towne Realty Chairman and CEO Barbara Wolcott with its 2019 HRRA Lifetime Achievement Award, the company announced Monday. The award is given to tenured HRRA association members who have made a recognizable and identifiable difference in multiple fa[...]
Colonial Williamsburg appoints new CEO
The Colonial Williamsburg Foundation has appointed Cliff Fleet, the former head of Philip Morris USA, as the organization’s ninth president and CEO. Fleet will start his new role on Jan. 1. Fleet, who served as president and CEO of the Henrico County-based cigarette manufacturer from 2013 to 2017, will succeed Mitchell R[...]
Suffolk EDA awards $15K grant to local cafe
The Suffolk Economic Development Authority has awarded a $15,000 state grant to Wall Street Cafe, which plans to open a new venture in the city. The two-story Wall Street Cafe building on Suffolk’s Washington Street will house a coffee shop on the first floor and a real estate and finance professional office on the second […]
Breeden Construction tapped to build apartment complexes
Virginia Beach-based Breeden Construction LLC has been named general contractor for apartment complexes in Richmond, Hampton Roads and Northern Virginia valued at a total of approximately $105 million, Breeden announced this week. Construction began in fall 2019 on the Hampton Roads and Richmond properties and the Northern Virginia property will begin in early 2020. The […]
Go Virginia awards $5.8 in regional grants
Nine regional projects will receive a combined $5.8 million in Growth and Opportunity for Virginia (GO Virginia) funding, Gov. Ralph Northam announced Wednesday. The grants, which were approved by the Go Virginia Board and the Virginia Department of Housing and Community Development, will support regional economic development and workforce development initiatives and encourage collaboration among local […][...]
Jamestown-Yorktown Foundation executive director announces retirement
Jamestown-Yorktown Foundation Executive Director Philip G. Emerson will retire at the end of December after serving in a leadership role there for 33 years, the foundation announced Monday. Emerson was named executive director in May 1991, making him the third executive director in the agency’s 62-year history. The Jamestown-Y[...]
