For the Record - Eastern Virginia
- June 28, 2012
Amerigroup Corp., a Virginia Beach-based provider of health-care management services, will move up to 500 workers to a 315,000-square-foot property in Norfolk formerly occupied by the United States Automobile Association. Amerigroup plans to maintain its corporate headquarters in Virginia Beach. (The Virginian-Pilot)
APM Terminals has proposed operating most of the marine and in-land terminals owned and leased by the Port of Virginia under a 48-year agreement. Under the proposal, valued at between $3.2 billion and $3.9 billion, APM Terminals would operate Norfolk International Terminals, Newport News Marine Terminal, Portsmouth Marine Terminal, the Virginia Inland Port in Front Royal and the APM Terminals marine terminal in Portsmouth. The proposal comes less than two years after APM Terminals and the Port of Virginia reached an agreement for the Virginia Port Authority to lease APM’s $540 million marine terminal in Portsmouth, which is the most technologically advanced terminal in the Americas.
The Daily Press Media Group, a Newport News newspaper publisher, struck a deal with the Richmond Times-Dispatch to have The Daily Press, Virginia Gazette and Tidewater News printed at the Times-Dispatch’s publishing facility in Hanover County. As a result of the agreement, Daily Press Media eliminated 85 jobs.
EHW Constructors of Virginia Beach received a contract from the Navy worth $331.4 million, including options, to build an explosives-handling wharf at Kitsap Naval Base in Bangor, Wash. Work is expected to be finished in January 2016.
Ferguson, a Newport News-based distributor of plumbing supplies and pipe, bought Reese Kitchens Inc., an Indianapolis cabinet designer, which caters to the residential remodeling sector. The deal expands Ferguson’s footprint in the Indiana market. (News release)
Hampton Roads Bankshares Inc. sold $50 million in common stock to its three largest shareholders: Carlyle Financial Services, Anchorage Advisors and CapGen Capital Group. The company also plans to make another $45 million in stock available through a public offering. (The Virginian-Pilot)
Norfolk International Airport will undertake an $11.7 million renovation project to modernize its main terminal and expand the passenger screening area. Work will be completed by July 2013.
(The Associated Press)
Sentara Healthcare will open a 12-bed hospice-care facility in Virginia Beach in January. The $1.6 million, 8,311-square-foot center will be the first of its kind in South Hampton Roads and will employ 14 people. (The Virginian-Pilot)