Industries

Hampton Roads—For the record

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The College of William & Mary received a $1.5 million grant from the Andrew W. Mellon Foundation to bolster its environmental sciences programs. A new Center for Geospatial Analysis will be opened to expand use of geographic information systems to plot and organize data. The grant will also fund a “teacher-scholar” program for interdisciplinary environmental sciences. (News release)

DLBA Robotics Ltd., a Chesapeake-based manufacturer of industrial molding patterns, bought a 6.65-acre site in the Suffolk Industrial Park for development of a 30,000-square-foot complex to house office, manufacturing and warehouse operations. Total investment is about $3 million and will add 50 jobs. Construction will begin in late spring. (News release)

MMA Realty sold the Holiday Inn Executive Center in Virginia Beach to Blenheim Capital for $14.2 million. The 331-room hotel is located on Greenwich Road and has a business center. Blenheim will undertake a $6 million renovation and continue to operate the facility as a Holiday Inn. (News release)

Signature Financial Management, a Norfolk-based wealth management firm, bought W.L. Achenbach and Associates, based in Charlottesville and St. Charles, Ill., in a move to bolster its standing in private wealth management in the mid-Atlantic region. Signature has $1.5 billion of assets under management, and Achenbach $400 million. (News release)


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