All hands on deck
Military has outsized economic impact on region
Published
The military’s impact on Hampton Roads is unmistakable. Drive along the Hampton Roads Bridge-Tunnel and it’s nearly impossible to miss the hazy gray of U.S. Navy vessels docked at Naval Station Norfolk, the world’s largest naval station. A few minutes spent in Virginia Beach and one is likely to hear the roar of a Navy
It’s a seller’s world
Residential real estate market runs hot
Published
Sandra Hood finally went on a much-needed vacation in mid-August. Even so, Hood, the managing broker of Coldwell Banker Traditions in Newport News and president of the Virginia Peninsula Association of Realtors, took advantage of a rainy morning at the beach to open her laptop and get some work done. “It’s the most difficult market
Va. Beach, Oceana ink economic development deal
Published
An agreement between the Navy and Virginia Beach could give the city much-needed breathing room for economic development expansion while lowering the cost of operating the East Coast’s master jet base. Under a concept called Future Base Design, Naval Air Station Oceana would lease about 400 acres of land to private businesses in exchange for up
Commercial realty: Demand remains high
Published
Read our residential real estate story. Trends are also pointing in a mostly positive direction for the region’s industrial, commercial and retail real estate markets, according to Ed Kimple, a senior vice president with Cushman & Wakefield | Thalhimer. Office vacancy rates were at 9.2% for the second quarter, an increase over the 8.5% recorded