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Va. Beach apartment complex where Pharrell lived sells for $24.5M
The Virginia Beach apartment complex where music superstar Pharrell Williams lived until he was 7 has been sold for $24.5 million to Fairstead, a New York-based real estate company focused on sustainable development and affordable housing. The company announced Thursday that it plans a $15 million overhaul of the Atlantis Apartments in Virginia Beach’s Seatack […]
Hampton Roads multifamily portfolio sells for undisclosed amount
In early April, New Jersey-based Brentwood Investment Group and Greencove Capital Group closed a deal to acquire a multifamily portfolio that includes 856-units for an undisclosed amount. The deal included five garden-style multifamily communities in Hampton and one property in Poquoson. Built between 1970 and 1985, the properties have an average unit size of 921 […]
Winchester apartments sell for $4.5M
WinLee Apartments, a 41-unit multifamily property in Winchester, has been purchased as an investment by Fairmont Holdings LLC for $4.5 million. Located at 320-350 Fairmont Ave. and 131-165 Peyton St., the six-building complex was sold by WinLee Apartments LTD. The sale closed on April 12. Jamie A. Scully of Cushman & Wakefield | Thalhimer handled […]
Construction to start in May on $66M Pinnacle apartments in Va. Beach
Virginia Beach-based Breeden Co. has scheduled a May 7 groundbreaking date for The Pinnacle, its upcoming $66 million luxury apartment complex at the Oceanfront. Located at 521 31st St., The Pinnacle will offer 240 one-, two- and three-bedroom apartments on the site of a former Farm Fresh grocery store that closed in 2018. Construction is […]
Capital Square buys Chesapeake apartment complex for $67.25M
Henrico County-based real estate investment company Capital Square has acquired Streets of Greenbrier apartments in Chesapeake for $67.25 million. Located at 929 Wintercress Way, the 280-unit multifamily community sits on 13.78 acres. Constructed in 2013, the community consists of nine residential buildings and includes studio, one-, two- and three-bedroom units ranging in size from 516 […]
Norfolk apartments sell for $1.96M
A Northern Virginia-based investment group has purchased the 30-unit Princess Court Apartments in Norfolk for $1.96 million, Cushman & Wakefield | Thalhimer announced on March 23. Located at 3724, 3800 and 3814 E. Princess Anne Road, the complex was purchased from Princess Court Apartments LLC. The name of the purchaser was undisclosed. Clark Simpson of […]
