BUOYED BY its strong military presence and active seaport industry, Virginia Beach, Va., has weathered the economic downturn with relatively calm seas. “We're insulated to some extent in this market,” said Kent Little, president and chief executive officer, The Breeden Co., a shopping center developer based here. “Virginia Beach has fared better than many markets around the country.” While real estate prices were driven up in recent years, causing a bit of a residential real estate ...

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