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Waterford Apartments sells for $55M in Va. Beach
376-unit complex was built in 1980
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Waterford Apartments in Virginia Beach is under new ownership, after Blackfin Real Estate Investors LLC acquired the 376-unit apartment complex for $55.35 million, the real estate investment company announced. Located off
Newport News office building sells for $2.87M
Electronics firm to vacate Oyster Point Park building
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A Newport News office building has sold for $2.875 million, Cushman & Wakefield | Thalhimer announced in February. Sashe LLC purchased the 24,526-square-foot office building at 11839 Rock Landing Drive
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TowneBank announces three promotions
Suffolk-based bank names retail banking president, two regional presidents
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TowneBank has promoted two presidents to new roles and appointed a president for its new region, the Suffolk-based bank announced Monday. Robin Cooke now serves as the president of retail
Norfolk tech startup plans $1M expansion
Magazine Jukebox to move into office space, create 20 jobs
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Norfolk-based digital magazine startup Magazine Jukebox Inc. (MJB) will invest $1 million to expand, moving from a coworking space into an office, and will create an estimated 20 jobs. Gov.
Chambers of commerce
A sampling of statewide chambers and business organizations from around the commonwealth
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STATEWIDE Asian American Chamber of Commerce | Tysons | (571) 633-9754 asian-americanchamber.org Virginia Asian Chamber of Commerce | Ashland | (804) 344-1540 aabac.org Virginia Chamber of Commerce | Richmond |
Building momentum
New industries make Hampton Roads home
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From olive oil to space rockets, 2022 saw a variety of companies seeking to invest — or reinvest — in the Hampton Roads region and Eastern Virginia. That kind of
DroneUp takes off
Aerial drone firm partners with Walmart, adds 650+ jobs
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Virginia Beach’s DroneUp LLC is riding the leading edge of the unmanned aerial vehicle industry wave. Founded in 2016, the company, which specializes in commercial drone delivery, flight services and
Warehouse portfolio with two Va. properties sells for $21.86M
Seven warehouses are leased to Lansing Building Products
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Seven warehouses leased to Lansing Building Products, including two in Virginia, sold for $21.86 million, Cushman & Wakefield | Thalhimer announced Friday. The portfolio of warehouses totals 209,883 square feet,
Newport News warehouse sells for $2.65M
Facility is split among three tenants
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A warehouse in Newport News sold for $2.65 million, Cushman & Wakefield | Thalhimer announced Wednesday. Located at 1011 and 1031 44th St., the 30,000-square-foot industrial building sits on 3.55
BAE Systems receives $145M ship repair contract
Will repair, modernize USS Nitze
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BAE Systems’ Norfolk Ship Repair will repair, modernize and maintain the guided missile destroyer USS Nitze under a $145 million contract, the Pentagon announced Friday. Work will be performed in