Port Host Communities Revitalization Funds will assist projects in Newport News, Norfolk and Portsmouth.
The General Assembly allocated $1 million in grants to redevelop port-related properties in Virginia’s “port host communities,” including Newport News, Norfolk and Portsmouth, Gov. Ralph Northam announced Tuesday. The goal of the funding is to enable timely redevelopment of port structures for economic development and employment growth, according to the Department of Housing and Community
The investment will create 29 jobs.
International olive oil manufacturer Acesur USA LLC will invest $11 million to establish its first U.S. production operation in Suffolk, creating 29 jobs, Gov. Ralph Northam announced Monday. Acesur was established in 1840 and produces, packages and markets olive oil. It exports to more than 90 countries and has established brands in the U.S. including
The company promoted CFO Boyd Griffin to executive vice president.
Virginia Beach-based independent insurance agency Towne Insurance has promoted multiple executives in leadership positions. Towne Insurance CFO Boyd Griffin was promoted to executive vice president and will retain his duties as CFO. Chris Rogerson was appointed as chief operating officer. Rogerson joined the agency in 2017 as vice president and manager of the select business
The building sits on more than two acres near Chesapeake Golf Club
A former Chesapeake restaurant building was sold for $1.45 million, real estate agency Cushman & Wakefield | Thalhimer announced Wednesday. The 5,022-square-foot building sits on more than two acres of land at 401 Cedar Commons in Chesapeake located in close proximity to the Chesapeake Golf Club. Matthews, North Carolina-based SXCW Properties II LLC purchased the
In the Virginia Maritime Association’s 100th year, Ashley McLeod has a wish for inland businesses to recognize the impact of the Port of Virginia on the entire state. “One in 10 jobs in Virginia is related to maritime supply chains,” says McLeod, the association’s vice president for communications and marketing. “We want to be there
Alison M. McKee has been a VBA member since 1984.
The Virginia Bar Association (VBA) installed Alison M. McKee as its 2020 president, effective Jan. 25, the organization announced Tuesday. McKee is the 132nd president of the VBA. McKee is an attorney at the Virginia Beach branch of the Norfolk-based law firm Kaufman & Canoles P.C. Her practice is focused on banking and finance, commercial
Lease could be worth $13M plus $20M in improvements
Denmark-based energy company Ørsted has agreed to lease a portion of the Portsmouth Marine Terminal from the Virginia Port Authority to stage materials and equipment for Dominion Energy’s offshore wind project, Gov. Ralph Northam announced Tuesday. The Virginia Port Authority Board of Commissioners unanimously voted to ratify the agreement. Ørsted will use the space for
GMAX Industries Inc. will invest $10.5 million, governor says.
A New York-based manufacturer of medical products is coming to the city of Franklin’s Pretlow Industrial Park, bringing 40 jobs and $10.5 million in investment, Gov. Ralph Northam announced Monday. GMAX Industries Inc., which produces disposable medical products for health care providers and components for other medical manufacturers, will create a manufacturing and distribution site
The Norfolk law firm welcomes one new member, three current members.
Norfolk-based law firm Vandeventer Black LLP elected a new executive board member and reelected three current board members, the firm announced Tuesday. Richard Ottinger, a partner at the firm, was newly elected to the board. He specializes in commercial litigation, transportation and maritime litigation and complex trusts and estates disputes. Ottinger has a bachelor’s degree
Apartment complex has 196 units.
San Francisco-based real estate firm Hamilton Zanze (HZ) acquired the Indigo 19 apartment community in Virginia Beach in a deal that closed on Jan. 14. The five-story apartment community located at 1940 Pavilion Drive, in close proximity to the Virginia Beach boardwalk, includes 196 units — each averaging 931 square feet. At the time of