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CHAIRMAN AND CEO, DIVARIS GROUP, VIRGINIA BEACH
Photo by Mark Rhodes
Photo by Mark Rhodes
CHAIRMAN AND CEO, DIVARIS GROUP, VIRGINIA BEACH
Virginia Business// August 29, 2024//
Divaris co-founded his real estate firm 50 years ago in South Africa, where he earned degrees in accounting and real estate marketing, and then brought the company to Virginia in 1981. The following year, Divaris Real Estate, one of the companies now under the Divaris Group umbrella, opened its doors in Virginia Beach.
Today, the firm manages or leases more than 40 million square feet of office, retail and industrial space nationwide under subsidiary Divaris Property Management.
Divaris Real Estate announced in May an influx of eight agents — all of whom came from Long & Foster Commercial — to its Tysons office. Closer to home, Gerald Divaris and former Virginia Gov. Bob McDonnell have proposed building a new 450-room hotel and parking garage on Virginia Beach city-owned property on 17th Street.
The Divaris Group continues to be a family business, with Michael B. Divaris, Gerald’s cousin and co-founder, as president and Tony Divaris, his nephew, as chief operating officer. The company’s history includes the creation of Virginia Beach Town Center with Armada Hoffler, a process that started in 1986.
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