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Norfolk high rise sells for $27.5 million
The Lafayette, an apartment tower in Norfolk, has sold for $27.5 million, according to Norfolk public records. Philadelphia-based PRG Real Estate Management Inc. purchased the property from Graycliff Capital Partners and Buligo Capital Partners; it is the company’s seventh apartment investment in Hampton Roads, according to Colliers, which brokered the sale. The Lafayette is in […]
Capital Square acquires The Trails at Short Pump
Henrico County-based real estate investment firm Capital Square has acquired The Trails at Short Pump, a 350-unit apartment community in western Henrico, the company announced Tuesday. Located at 3900 Acadia Lane, the nearly 32-acre property offers one-, two- and three-bedroom units averaging 878 square feet each. The acquisition is on behalf of CS1031 Trails at Short […]
Cortland completes $1B investment in Arlington
Cortland, an Atlanta-based multifamily real estate investment, development and management company, has completed its initial round of apartment acquisitions in Arlington with the purchase of Evo Rosslyn, a 27-story apartment building. The purchase is part of a $1 billion investment in multiple Arlington apartment communities, first announced in May. Evo Rossyln will be renamed Cortland […]
Norfolk apartment community sells for $12.4M
Cleghorn Capital purchased a 104-unit apartment community in Norfolk from Israeli investment fund Valore for $12.8 million, Marcus & Millichap announced July 7. Valore at Southern Park, located at 7922 Old Ocean View Road, has three buildings, each with two stories, and was built in 1964 and renovated in 1999. The 104,944-square-foot property has 5.04 […]
Williamsburg apartments sell for $100M
Alexandria-based real estate company Bonaventure has sold The Bend Arbordale apartments in Williamsburg for $100 million. Bonaventure sold the 289-unit apartment complex to Illinois-based The Inland Real Estate Group, Bonventure announced Friday. Located at 401 Bulifants Blvd., the community has two- and three-bedroom apartments with private balconies or patios. It has a swimming pool, fitness [&h[...]
Alexandria apartments sell for $50.1M
Baltimore-based Continental Realty Corp. has sold 101 North Ripley Apartments in Alexandria for $50.1 million, the company announced last week. Washington, D.C.-based real estate investment and management firm Willow Creek Partners acquired the apartment community, formerly known as Parkwood Court. The community has 189 units, with one-, two- and three-bedroom floorplans. It was first acquired [&h[...]
Blacksburg apartments sell for $4.75M
Ridgeview Apartments in Blacksburg have been sold for $4.75 million, Cushman & Wakefield | Thalhimer announced Thursday. The 96-unit community is located at 768 Triangle St. in Blacksburg. Ridgeview Apts. Land Trust sold the community to GFI Ridgeview LLC, which intends to renovate the units. Clay Taylor of Cushman & Wakefield | Thalhimer‘s Capital Markets […]
Mixed-use Richmond building sells for $5.7M
A mixed-use building in Richmond sold for almost $5.73 million, Cushman & Wakefield | Thalhimer‘s Capital Markets Group announced Tuesday. Located at 1508 through 1510 W. Broad St., the 1510 Lofts has 10,600 square feet of retail and 17 one- and two-bedroom apartments that are 100% leased. Foot Locker leases 44% of the ground floor. […]
Breeden breaks ground on Richmond apartments
The Breeden Co. has broken ground on a $21 million expansion at The Village at Westlake Apartments in Richmond, the Virginia Beach-based real estate development and management company announced Wednesday. The complex currently has 252 units across 12 buildings. The expansion will include five buildings with 120 two- and three-bedroom apartments between 1,177 and 1,490 […]
Campbell County apartments sell for $4.3M
Moss Creek Apartments in the Campbell County community of Forest has been sold for $4.3 million, Cushman & Wakefield | Thalhimer announced earlier in May. The property includes 15 quad buildings built in 1984 and 60 two-bedroom apartments. Heights Properties LLC acquired the property from Moss Creek Apartments LLC on May 3 and plans to […]
Breeden breaks ground on Newport News apartments
The Breeden Co. is breaking ground on a $33 million apartment project in the Huntington Pointe area of Newport News, the Virginia Beach-based real estate firm announced Thursday. Avant, located off Denbigh Boulevard, will have 176 one-, two- and three-bedroom apartments between 672 and 1,517 square feet each. Breeden Construction will serve as the general […]
‘Novel’ project will add 275 apartments to Scott’s Addition
Crescent Communities, ParkProperty Capital and Thalhimer Realty Partners are developing a 275-unit apartment community in a joint venture on the border of Richmond‘s fast-growing Scott’s Addition neighborhood and the city’s planned Diamond District. Dubbed “Novel Scott’s Addition,” the community will be located at the former Wesco Distribution Site at 2902 North[...]
