Industries

For the Record - Eastern Virginia, March 2012

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Amerigroup Corp., a Virginia Beach-based provider of health-care solutions, is expanding to the West Coast. The Washington State Health Care Authority plans to contract with Amerigroup Washington Inc. and four other health plans as a result of a bidding process. Washington will be the 13th state in which the company operates health plans. (News release)

Amtrak Virginia will begin offering service from Norfolk to Richmond, Washington and cities as far north as Boston by the end of the year, about 10 months ahead of schedule. Upgrades by rail carriers, local and state governments have opened intercity passenger service from Norfolk for the first time since 1977. (News release)

Harbor Group International, a Norfolk real estate investment company, paid $1.6 million for 230 acres of farmland in Suffolk. Compass Bank repossessed the property in 2010 from Lake Meade 140 LP, which had intended to develop the land that had been rezoned for a number of commercial and residential purposes. (The Virginian-Pilot)

The Navy has ended, for now, its attempt move a Norfolk-based aircraft carrier to Mayport, Fla., but three other ships in an amphibious assault group — possibly from Hampton Roads — might be headed for the Florida base. (The Virginian-Pilot)

Old Dominion University postponed indefinitely its Global Executive MBA program. Economic conditions led ODU to discontinue the program, which began two years ago. (Inside Business)

Portfolio Recovery Associates Inc., a purchaser and processor of consumer debt, bought MacKenzie Hall Holdings Ltd., of Kilmarnock, Scotland, which handles debt collection and purchases of dormant debt portfolios. PRA paid $51 million in a cash deal. (The Virginian-Pilot)

S.L. Nusbaum Realty Co., a Norfolk-based real estate company, plans to build a 252-unit apartment community, called Spring Water Apartments at the former U.S. Foodservice facility. Rents will range from $1,000 to $1,500 a month. (The Virginian-Pilot)

Smithfield Foods Inc., a meat-products producer headquartered in Smithfield, agreed to a multiyear partnership with Richard Petty Motorsports, serving as primary sponsor for the Petty racing team at 15 NASCAR Sprint Cup events this season. (The Virginian-Pilot)


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