Sign In
Free Newsletter
West Creek Medical Park land sells for $3.7M
Emerson Ventures LLC has purchased 7.68 acres of land within the West Creek Medical Park in Goochland County and plans to develop a medical office building. Lingerfelt Commonwealth Partners sold the land, located at 1612 Wilkes Ridge Parkway, for $3.7 million, according to Cushman & Wakefield | Thalhimer, which announced the deal May 17. David […]
Fairfax medical building sells for $21M
Prosperity Plaza, a medical office building less than a mile from Inova Fairfax Hospital, has been sold for $21 million, Avison Young announced last week. Bethesda, Maryland-based Global Medical REIT purchased the 96,070-square-foot building at 3020 Hamaker Court in Fairfax from the original developer, The Tomares Cos. Built in 1986, Prosperity Plaza is seven stories […]
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 […]
Capital Square promotes two executives
Capital Square has promoted Michael Ollinger to senior vice president of construction and development, and Victoria Coates to vice president of acquisition and development, the Henrico County-based real estate investment firm announced Thursday. Both started at Capital Square in 2020, Ollinger as vice president of construction and Coates as acquisitions and development associate. Ollinger oversees[...]
200 townhomes planned for Chesterfield County
Nearly seven acres of land in western Chesterfield County has been sold for $3.8 million in preparation for 200 townhouses to be built in the Westchester Commons area. Westchester Towns Development Co. purchased 6.57 acres of land at 1400 WC Commons Way, from Zaremba Metropolitan Midlothian LLC, Cushman & Wakefield | Thalhimer announced May 16. […]
‘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[...]
78-unit apartment complex planned for Petersburg
A 78-unit apartment complex will be developed on a four-acre piece of land recently purchased in Petersburg, Colliers announced Thursday. Thalhimer Realty Partners purchased the High Street Land Development from Monroe Properties for $875,000, according to Colliers. Thalhimer will develop the apartments across two phases: With construction starting in 2023, the first phase will feature […]
Goodwin House acquires Hermitage Northern Va.
Not-for-profit senior living and health care organization Goodwin House Inc. has acquired Hermitage Northern Virginia, a senior living community in Alexandria, from Pinnacle Living. The financial terms were not disclosed. Hermitage has 100 residents and more than 100 employees and offers independent living, assisted living and long-term care. It has two residential buildings and a […]
Cortland to invest $1B in Arlington apartments
Cortland, an Atlanta-based multifamily real estate investment, development and management company, will invest $1 billion in four Arlington apartment communities totaling more than 1,500 units, marking the company’s reentry into the metro Washington, D.C., market. The four properties include the 331-unit Aubrey apartment building — rebranded by Cortland as Cortland Rosslyn — and the 534-[...]
Chesapeake office park sells for $5.7M
Poplar Hill Medical Center, a four-building medical office park in Chesapeake, has sold for $5.7 million, Divaris Real Estate Inc. announced Thursday. Texas-based real estate fund manager Woodside purchased the park in December 2020 and sold it to Charlottesville-based Seminole Trail Properties in a deal that closed May 6. When Woodside bought the property, it […]
Publix to open first South Hampton Roads store
Publix Super Markets Inc. will open its first grocery store in South Hampton Roads in Suffolk, the company announced Thursday. The 45,000-square-foot Publix will be on the southwest corner of Godwin Boulevard and Kings Fork Road, according to a news release. Publix has not given a timeline for the store’s opening. It will hire about […]
Clark Construction to expand in NoVa
Bethesda, Maryland-based Clark Construction Group LLC, the general contractor for several phases of Amazon.com Inc.’s HQ2, announced plans Tuesday to expand the company’s footprint in the mid-Atlantic region, including building a 128,000-square-foot office in McLean. The office will be at 7900 Westpark Drive in Fairfax County, and will “provide a modern and collaborative hub for [...]
