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Roanoke apartment complex sells for $1.1M
The Eastgate Apartments in Roanoke have been sold for $1.1 million, Cushman & Wakefield | Thalhimer announced Monday. Restoration Turnkey Investments LLC acquired the community on March 28 from Rafan LLC. The buyer is planning extensive interior and exterior renovations. The complex, built in 1977, has 14 townhouse-style apartments and is three miles from downtown […]
$35.8M Newport News affordable housing redevelopment begins
The BLVD Group has acquired and started renovations on the Aqua Vista Apartments in Newport News, the Los Angeles- and Dallas-based company announced Tuesday. BLVD expects development costs, including the property purchase and “soft costs” like engineering and design, to total more than $35.8 million. A BLVD-affiliated limited partnership, Aqua Vista LP, bought the property […]
Amazon housing fund director resigns
Amazon.com Inc.’s Amazon Housing Equity Fund Director Catherine Buell is leaving the e-tail giant. Housing Equity Fund Principal Senthil Sankaran will be the interim head of the fund team, according to an Amazon spokesperson. Buell joined Amazon in 2020 as head of community development for Amazon in the Community and became director of the e-tailer’s […]
Chesterfield County kicks off $210M mixed-use project
Chesterfield County officials began demolition Tuesday of the former Best Products Co. Inc. building in the Spring Rock Green shopping center to clear the way for the $210 million first phase of the Springline at District 60 mixed-use development. The 42-acre first phase of the project, located on Midlothian Turnpike off Chippenham Parkway, includes a […]
Two Roanoke apartment properties sell for $3.35M
A 26-unit multifamily community and a 16-unit apartment complex in Roanoke sold together for $3.35 million on Feb. 10. Located at 2002 Langdon Road SW, the 26-unit community, Langdon Square at Raleigh Court, has 22 garden-style apartments built in 1985 and four townhomes built in 1990. The structure is 59,407 square feet total, according to […]
Lingerfelt buys Chesterfield land to build luxury apartments
Glen Allen-based Lingerfelt Development LLC, a real estate investment management firm, has purchased about 4.5 acres of land in Chesterfield County from Hospitality VII Inc. with plans to build a luxury apartment community. The land is located at 2407 W. Hundred Road in Chesterfield, between U.S. 1 and Interstate 95. The $1.9 million sale comes […]
Hickory Point Townhomes sells for $25M in Newport News
Arlington-based Ritz Banc Group, a real estate, private equity and alternative asset management firm, bought Hickory Point Townhomes, a 175-unit apartment complex at 399 Hickory Point Blvd. in Newport News, from New York-based AION Partners for $25 million, Cushman & Wakefield announced Monday. The new owner pland to continue a comprehensive renovation program implemented by […]
Construction starts on 288 Lofts in Midlothian
Norfolk-based S.L. Nusbaum Realty Co. has started construction on 288 Lofts, a $28 million, 160-unit apartment community in Chesterfield County’s Midlothian area. The first apartments are expected to be completed in fall 2023. Located at 400 Katrina Court on about 11 acres at the northeast corner of State Route 288 and Midlothian Turnpike, 288 Lofts […]
Waterford Apartments sells for $55M in Va. Beach
Waterford Apartments in Virginia Beach is under new ownership, after Blackfin Real Estate Investors LLC acquired the 376-unit apartment complex for $55.35 million, the real estate investment company announced. Located off Shore Drive near Lake Smith, the one- and two-bedroom apartment community was built in 1980 and previously renovated to include walk-in closets, maple custom cabinets, […[...]
Thalhimer rebrands property management division
Cushman & Wakefield | Thalhimer is rebranding its residential property management division from Residential Property Services to Thalhimer Multifamily (TMF), the real estate firm announced Thursday. TMF is Thalhimer’s largest operating group, employing more than 200 people and managing more than 9,100 multifamily units across Virginia and North Carolina. “Our firm’s strategic plan em[...]
Midlothian luxury apartment complex begins construction
Bainbridge Cos. has started construction in Chesterfield County on the 310-unit Bainbridge Midlothian luxury apartment complex, the Florida-based multifamily real estate company announced in mid-February. Bainbridge estimates the approximately 26.3-acre project at 12400 Dutton Road will be complete next summer. Units will range from 700 to 1,560 square feet, with one-, two- and three-bedroom optio[...]
$130M mixed-use development planned for Hampton
A proposed $130 million development will bring 118 townhomes, 284 luxury apartments, 96 senior apartments and 6,000 square feet of retail space to Hampton. The project, called The Olde Hampton Village, will span 16 parcels across nearly 23 acres near downtown Hampton, at the former site of the Lincoln Park housing development, on LaSalle Avenue, […]
