LOCAL BUSINESS BRIEFS
MaGann gets $24.5M Norfolk drydock deal
The Navy has awarded W.F. MaGann Corp. a $24.5 million contract to do repairs to the floor and walls of Drydock 8 at Norfolk Naval Shipyard.
Portsmouth-based MaGann will be responsible for demolition, concrete installation and reinstallation of utilities and equipment at the Portsmouth naval shipyard.
The work is expected to be complete by June 2010.
Virtexco to build $7.4 million training center
Virtexco Corp. will receive an additional $7.4 million from the Navy to build a Navy Cargo Handling Operations Training Center at Naval Weapons Station Yorktown's Cheatham Annex.
Norfolk-based Virtexo will build a two-story instructional and administrative building on the complex near Williamsburg. The work is expected to be complete by September 2010.
Maersk Line adds nine U.S.-flag vessels
Maersk Line Ltd. has invested nearly $400 million to purchase and re-flag nine vessels into the U.S. Registry, the company announced this week.
The Norfolk-based subsidiary of global shipping giant A.P. Moeller-Maersk Group will use the vessels to replace nine older, smaller ships in its U.S. fleet, which ferry cargo for the Defense Department and other government entities as part of the Maritime Security Program.
The ships, which have an average age of 10 years, have an average capacity of 4,000 20-foot containers, about 15 percent larger than the vessels they will replace.
NEWPORT NEWS, GRAFTON, HAMPTON
GVA Advantis announces leases
GVA Advantis announced the following transactions:
* B&H; Real Estate sold 6,040 square feet of retail at 5480 Oaklawn Blvd. in Newport News. Michael Shapiro and Jamie Thomas represented the seller.
* GPC leased 9,450 square feet of industrial space at the Walker Laberge Building in Newport News, and Dr. Joseph Chemplavil leased 1,275 square feet of office space at 2115 Executive Drive in Hampton. Shapiro represented the landlords.
* Greater Works Ministries leased 1,434 square feet of retail space at York Square in Grafton. Ursula Seidel represented the landlord.
* Little Jimmy's Pizza and Subs leased 4,165 square feet of retail space in Newmarket Shopping Center in Newport News, and Tortilleria La'Morena leased 1,400 square feet of retail space at Oyster Point Plaza in Newport News. Seidel and Edward Salyers represented the landlords.
* Haney Habib leased 2,435 square feet of retail space at Southampton Shopping Center in Hampton. Bob Lippincott represented the landlord.
* Mercury's Flooring Service leased 2,017 square feet of industrial space at International Distribution Center in Newport News, and the Pineapple Patch leased 985 square feet of retail space at 1103 William Styron Square in Newport News. Tom Dunn represented the landlords.
Regional housing fair planned for June 20
Home buyers and home owners are invited to a regional housing fair June 20 from 10 a.m. to 2 p.m. at the Chesapeake Conference Center, 900 Greenbrier Circle, Chesapeake.
Lenders and real estate agents and nonprofit, state and federal housing agencies will be on hand to answer questions. Free information seminars will cover topics such as purchasing a foreclosed property, obtaining a mortgage in today's market, improving credit scores and foreclosure prevention.
The event, presented by the Hampton Roads Housing Consortium, is designed to give homeowners and home buyers the information they need to buy or keep their home.