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Recent Articles from Sydney Lake
Suffolk office building sells for $8.5M
An office building in Suffolk sold for $8.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 7025 Harbour View Blvd. in Bridgeway Commerce Park, Bridgeway Technology Center I is a 123,407-square-foot, single-story office building sitting on 16.03 acres. The office building was 69% leased at the time of the sale […]
Pandemic housing market has fewer sellers, higher sales prices
Virginia Business virtually sat down with Larry “Boomer” Foster, president of Long & Foster Real Estate, to get the current pulse on the real estate market in Virginia. The most recent data published was reflective of March real estate transactions in Northern Virginia, but Foster shared insight from the most up-to-date real estate data available […]
Hampden-Sydney College receives $2.45M in anonymous donations
Hampden-Sydney College announced Friday that it received two anonymous gifts totaling $2.45 million to establish a biology laboratory and add to the college’s need-based scholarship funding. A $1 million gift will establish the Hinton Baxter Overcash Immersive Biology Laboratory in the Pauley Science Center, which is expected to be completed by fall 2021. The lab […]
Va. Beach real estate company names senior VP
Virginia Beach-based real estate company Divaris Real Estate Inc. announced Thursday that Brian Devlin will serve as its senior vice president of office leasing and investment sales at its headquarters. Devlin most recently was the senior vice president at Glen Allen-based Commonwealth Commercial Partners’ Norfolk office, but began his career at Divaris Real Estate in […]
More small-business relief funds on the way
President Donald Trump on Friday signed a bill that allocates an additional $320 billion to the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) — and Virginia banks are poised to resume making loans and taking applications Monday. The SBA approved 1.7 million loans before the initial $349 billion small-business relief fund ran out after […]
Northam extends ban on elective surgeries until May 1
Gov. Ralph Northam on Thursday extended the ban on elective surgeries at Virginia hospitals until May 1, despite the Virginia Hospital & Healthcare Association’s (VHHA) letter sent to Northam urging him not to extend the executive order. Northam issued Order of Health Public Emergency Two on March 25, prohibiting non-emergency medical procedures in an effort […]
American Family Fitness building in Henrico sells for $4.1M
An outparcel building at Virginia Center Commons Mall, which is leased to American Family Fitness, sold for $4.1 million, Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Thursday. The 86,627-square-foot building is located at 10101 Brook Road in Glen Allen and has been leased to American Family Fitness for more than seven years. The […]
The Breeden Co. starts construction on $70M waterfront apartment complex
Virginia Beach-based real estate developers The Breeden Co. began construction this week on a $70 million waterfront apartment complex in the Fort Norfolk area. The Lofts at Front Street will include a 258-unit, five-story apartment complex with studio, one-, two- and three-bedroom units, an internal parking garage and a pedestrian walkway. Leasing will be available […]
Chester shopping center sells for $4.04M
A shopping center in Chester has sold for $4.04 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The strip mall, Centralia Crossing, is located at 9801 Chester Road and its anchor tenant is Food Lion, which recently extended its lease. The property sold by Berman Kappler Properties was 86% leased at the […]
80k+ Virginians filed jobless claims last week
More than 80,000 Virginians filed initial claims for unemployment last week, down nearly 21% from the previous week, according to a news release issued Thursday by Virginia Unemployment Commission. During the week that ended April 18, Virginia saw 82,729 workers file for unemployment, bringing the most recent five-week total for jobless claims to 493,501 — […]
