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AvalonBay, Equity Residential announce $69B merger, creating real estate behemoth
AvalonBay and Equity Residential announce a merger with an enterprise value of $68B, creating a major apartment REIT.
Richmond site for planned multifamily building sells for $6.36M
A developer bought a roughly 2-acre site near the Diamond District in Richmond for $6.36 million in mid-April, with plans for redevelopment.
$450M Navy housing project in Newport News slated to begin this summer
Newport News Mayor Phillip Jones announced Monday that a $450 million downtown development is expected to begin construction this summer.
$132M redevelopment of former Greyhound station in Richmond planned
New York firms are planning a $132 million redevelopment of the former Greyhound bus station site in Richmond.
Construction underway on $144M Richmond apartment building
Hoffman & Associates and DeBartolo Development broke ground on a $144 million project in Richmond that will add 366 apartments.
$20M housing development coming to Fort Monroe
Echelon Resources will invest $20 million to redevelop two historic Fort Monroe buildings into housing, Gov. Abigail Spanberger announced.
New York company buys Chesapeake apartments for $34.8M
Fairstead is investing $34.8 million to acquire and renovate Landmark Apartments, a 120-unit affordable housing complex in Chesapeake.
New York firm buys Chesapeake apartments as part of $58.2M portfolio
Newbrook Capital Properties announced this week it has acquired a 340-unit portfolio in the Virginia-North Carolina region for $58.2 million.
Richmond Northside apartments sell for $45M
A 224-unit apartment complex in Richmond’s Northside neighborhood sold for $45.02 million in late October.
Newport News reveals plans for $400M Navy housing project
Newport News plans to begin work next year on a more than 930,000-square-foot Navy housing development downtown.
Virginia Beach developer building $80M mixed-use development
Construction is underway on an $80 million Virginia Beach project to transform a former elementary school site into a mixed-use development.
Chase City to turn old school into apartments
After years of debate, Chase City has approved plans to convert the long-shuttered Robert E. Lee school into 25 apartments led by Echelon Resources.
