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Chesapeake City Council rejects massive data center
Chesapeake City Council unanimously voted to deny a rezoning that would have allowed construction of Hampton Roads’ first major data center
Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline
The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the […]
Housing sales decline in NoVa, Hampton Roads
Housing sales last month decreased year-over-year in Northern Virginia and Hampton Roads, although inventory and median sales prices rose.
Former Martin’s store in Chesterfield sells for $2.87M
The former Martin’s retail space at Chesterfield Meadows shopping center has been sold for $2.87 million to a limited liability company.
Office sublease supply shrinks in major NOVA markets
The sublease supply for Northern Virginia’s top office hubs is shrinking as the market has begun to stabilize after the COVID-19 pandemic.
More sellers than buyers in housing market slowdown
U.S. housing market sees 34% more sellers than buyers as of April, with fewer home shoppers than any time since 2013, Redfin reports.
Cushman & Wakefield | Thalhimer announces new president
Eric Robison, who leads Thalhimer’s capital markets team, has been promoted to president, effective June 1.
MSI opens $61.6M Suffolk distribution center
MSI, a California-based flooring, countertops, and tile supplier, opened its $61.6 million East Coast distribution facility in Suffolk.
Clark Nexsen acquired by Maryland firm
Virginia Beach architecture and engineering firm Clark Nexsen has been acquired by Maryland-based engineering, architecture and related services company Johnson, Mirmiran & Thompson.
Virginia housing sales drop again, but listings spike 35.5%
Virginia home sales fell for the third month in a row in April 2025, but active listings rose 35.5% the same month.
Expanded emergency dept. opens at Carilion Roanoke Memorial Hospital
Carilion Roanoke Memorial Hospital’s expanded emergency department, billed as one of the largest in the state, opened May 20. It's the first part of the Roanoke hospital's $500 million Crystal Spring Tower, set to open this summer.
Two MLS platforms with Virginia coverage merge data
Central Virginia Regional Multiple Listing Service and Bright MLS announced a data sharing agreement. Subscribers of each will be able to search current and historical property listing information integrated into both systems.
