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Chesapeake office building sells for $7.5M
The Runnymede Corp. purchases Crossways Commerce Center IV
Virginia Beach-based property management company The Runnymede Corp. purchased Chesapeake office building Crossways Commerce Center IV for $7.5 million on Feb. 8. Located at 1408 Stephanie Way, the 51,209-square-foot building was purchased from Washington, D.C.-based real estate investment company DSC Partners. The flex building is 91% occupied by Leidos Holdings Inc. and 9% occupied by
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Norfolk’s MacArthur Center may meet the wrecking ball
City considers mall’s future
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Downtown Norfolk’s MacArthur Center, a 140-store mall that opened in 1999, may have a future date with a wrecking ball. According to a newsletter released March 2 by Norfolk’s economic development department, a complete teardown of the 1.1 million-square-foot structure is one of three possibilities envisioned for MacArthur Center’s future by the city, which does
Huntington Ingalls names new executive VP
Kari Wilkinson to replace Brian Cuccias
Published
Newport News-based Huntington Ingalls Industries announced Friday its board of directors has elected Kari Wilkinson to serve as executive vice president of HII and president of HII’s Ingalls Shipbuilding division, effective April 1. She will succeed Brian Cuccias, who announced his April 1 retirement. Cuccias took on his role in 2014, and before that had
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Atlantic Diving Supply awarded $100M federal contract
Virginia Beach-based equipment vendor receives Defense Logistics Agency order
Published
Virginia Beach-based equipment vendor Atlantic Diving Supply (ADS) been awarded a five-year, $100 million contract from the Defense Logistics Agency (DLA) to deliver patient monitoring technology, associated accessories and training support to military and federal civilian customers. DLA selected ADS from 54 bids the agency received for the firm-fixed-price, indefinite-delivery/indefinite-quantity contract, the U.S. Department of
Kansas engineering firm acquires Va. Beach geotech company
Terracon adds to mid-Atlantic presence with Virginia Beach’s GET
Published
On Tuesday, Kansas-based consulting engineering firm Terracon Consultants Inc. announced that it had purchased GET Solutions Inc. for an undisclosed amount. GET is a geotechnical, environmental and materials testing firm serving public- and private-sector clients throughout the mid-Atlantic. In addition to its Virginia Beach headquarters, GET has another Virginia office in Williamsburg and North Carolina
Huntington Ingalls wins $213.9M Navy contract
Newport News-based military shipbuilder to perform engineering services
Published
The U.S. Navy awarded Newport News-based Huntington Ingalls Industries a $213.9 million follow-on contract to perform engineering services for San Antonio-class amphibious transport docks, the U.S. Department of Defense announced Friday. Under the contract, HII’s Ingalls Shipbuilding division in Pascagoula, Mississippi, will help the Navy manage engineering changes, integrate systems and provide shipboard technology training.
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Two casinos, just miles apart, will debut in Hampton Roads
Published
Hampton Roads will be home to two Las Vegas-style casino complexes after Norfolk and Portsmouth voters overwhelmingly approved November 2020 referendums greenlighting the projects in their cities. The referendums passed with 64.4% of the vote in Norfolk and 66.7% in Portsmouth. The Pamunkey Indian Tribe is working with Tennessee billionaire Jon Yarbrough to build the
Bigger boxes
Manufacturing sector expanding in the region
Published
Online retailing giant Amazon.com Inc. continues to expand its footprint in Virginia, bringing 1,500 jobs total to Suffolk and Chesapeake with the construction of operations facilities in those cities. Located less than two miles apart, both facilities are slated to open this year. In Suffolk, Amazon is building a $230 million, multistory robotics fulfillment
Newport News Shipbuilding lays off 314 employees
119 managers also demoted in reorganization
Published
Newport News Shipbuilding has laid off 314 salaried employees and demoted 119 managers in its first workforce reduction since the shipyard laid off 1,218 employees in 2015, according to a letter sent to employees by the company’s president, Jennifer Boykin. “Today is a tough day as we say goodbye to 314 fellow shipbuilders as part
ODU hires executive director of coastal institute
Jessica Whitehead joins university from North Carolina
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Old Dominion University announced Thursday that Jessica Whitehead has been named the first Joan P. Brock endowed executive director of its Institute for Coastal Adaptation and Resilience (ICAR), launched in 2019. Her first day was Thursday. Whitehead comes from the North Carolina Office of Recovery and Resiliency, where she served as the office’s first chief