Industries

For the Record - Eastern Virginia, August 2012

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The Colonial Williamsburg Foundation received a $2 million gift from The Grainger Foundation to endow and fund staff, equipment and training for the Historic Architectural Resources Department. Grainger, an Illinois-based foundation, has long been a benefactor to Colonial Williamsburg. (The Virginian-Pilot)

Hampton University lifted a freeze on tenure and faculty promotions imposed in 2008 during the economic downturn to avoid layoffs. About 20 faculty members are expected to apply for tenure this fall. (The Virginian-Pilot)

Harbor Group International, a Norfolk real estate and investment company, sold a 25-story, 1.1 million-square-foot office building in Manhattan for $270 million to two investment firms. Harbor Group bought the New York City property in January 2010 for $107 million. (The Virginian-Pilot)

Newport News will convert 22 cars and trucks in its police department fleet to run on propane gas with a grant from the Southeast Propane Autogas Development Program. The city expects to save $22,000 per year with the cleaner burning propane which will help save on maintenance and repair costs. (Inside Business)

Perfect Commerce LLC, a Newport News-based provider of procurement solutions, acquired WebProcure, a unit of Cogsdale Corp., which offers online procurement services for state and local governments. The deal affords Perfect Commerce entry into the government procurement market. (Business Wire)

Riverside Health System of Newport News will open a $75 million hospital in Williamsburg in April 2013, featuring a full-service emergency department and 40 private beds. Riverside will also undertake a $110 million upgrade at Riverside Medical Center in Newport News to provide a surgical pavilion with 13 new operating rooms and 72 beds. The project will open in January 2013. (Inside Business)

Sumitomo Machinery Corp. of America, which assembles gearboxes and gear motors, will invest $12.5 million in its Chesapeake plant and create about 50 jobs over the next three years. The company will also open a distribution center in Suffolk, initially creating 20 to 25 jobs. (The Virginian-Pilot)

Virginia Beach will pay about $48,000 a year to provide Old Dominion University free space at the Town Center office complex for a new transportation research office. The Center for Innovative Transportation Solutions, will conduct in-kind transportation modeling studies for the city in areas such as light rail and oceanfront parking. (The Virginian-Pilot)

 

 


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