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Virginia Beach office building sells for $1.9M
Commonwealth Park Executive Center is 100% occupied
Commonwealth Park Executive Center in Virginia Beach has sold for $1.9 million, Colliers announced Thursday. The Class B, two-story building located at 900 Commonwealth Place once housed the WCMS radio studios and currently is 100% occupied. It was built in 1975. The building has 20,180 rentable square feet leased to five tenants, including Commonwealth Park
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Offshore wind coworking space opens in Norfolk
ODU, Hampton Roads Alliance and state behind the Landing
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The growing offshore wind industry in Hampton Roads caught another gust Wednesday with the opening of a coworking and networking space in Norfolk’s World Trade Center. The hub, called the Virginia Offshore Wind Landing — or the Landing, for short — is a joint venture of Old Dominion University’s OpenSeas Technology Innovation Hub, the Hampton
Workforce development center opening in downtown Portsmouth
Open house on Friday afternoon
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Portsmouth Economic Development is opening a brick-and-mortar resource Friday, aiming to create a public and accessible hub for skills training, career fairs, job applications and Internet access. The 2,000-square-foot office space, called [email protected] Center, is located in a suite at its downtown headquarters, 200 High St. The idea has been brewing since the fall 2019,
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Atlantic Broadband announces $7.2 million partnership
State grant will help expand broadband in four counties
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Atlantic Broadband has announced a $7.2 million partnership to deliver broadband to more than 1,200 homes and businesses in Caroline, Mathews, Lancaster and Middlesex counties. A $4.2 million grant from the Virginia Telecommunication Initiative pays for the bulk of the project, with $1.5 million coming from Atlantic Broadband and the remaining $1.5 contributed by the
Norfolk Family Dollar store sold for $2.47M
Property sold at end of April
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A Family Dollar store in Norfolk has been sold for $2.47 million, Cushman & Wakefield | Thalhimer announced this week. The building at 2328 E. Princess Anne Road was sold on April 30 by Twin Rivers Capital to 527 Kings Hwy LLC, with sale negotiations handled by Catharine Spangler with Thalhimer’s Capital Markets Group and
Técnico Corp. buys Newport News building for $3M
Property is in Oyster Point Park
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An industrial building in Newport News’ Oyster Point Park was sold for $3.125 million, Cushman & Wakefield | Thalhimer announced this week. Técnico Corp. purchased the 53,414-square-foot building on 3.93 acres from Beja LLC and will occupy the property at 806 Bluecrab Road. Clay Culbreth of Thalhimer handled the sale for the purchaser. The building
Business bank opens in Virginia Beach
Integrity Bank for Business is Hampton Roads' first new community bank since 1998
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Integrity Bank for Business opened for business May 3 in Virginia Beach, led by former Heritage Bank President and CEO Michael S. Ives. The first new community bank established in Hampton Roads since 1998, it received regulatory approval last month. In January it announced that it raised more than $20 million in stock purchase commitments.
Dominion’s Surry nuclear plant’s lifespan extended to 2052-53
Nuclear Regulatory Commission grants extension for nearly 50-year-old nuclear reactors
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Dominion Energy Inc.’s two Surry County nuclear power reactors have received approval from the Nuclear Regulatory Commission to operate until 2052 and 2053. The two nuclear reactors at Dominion’s Surry Power Station, which are capable of generating enough power for 419,000 homes, received a 20-year extension from its previous license, which allowed the plants to
Valve manufacturer announces $1.9M expansion in Norfolk
California-based Dante Valve Co. will add 40 jobs, 10,000 square feet
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Norfolk-based Dante Valve Co. will expand its operations with a $1.9 million investment, Virginia Gov. Ralph Northam announced today. The family-owned business, which marked its 60th anniversary last year, is an international manufacturer and distributor of pressure-relief valves and related products — primarily for submarines, aircraft carriers and other naval vessels. The U.S. Navy is
Realtors society elects Dawn Griggs as mid-Atlantic regional director
Cushman & Wakefield | Thalhimer broker begins term this fall
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Dawn Griggs, a first vice president with Cushman & Wakefield | Thalhimer, has been elected as a regional director for the Society of Industrial and Office Realtors (SIOR), the commercial real estate company announced today. Griggs will oversee the Mid-Atlantic Region of the 3,460-member brokerage association in a two-year term that begins with SIOR’s October