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Charlottesville-area apartment complex sells for $57M
A 324-unit apartment complex just outside Charlottesville has sold for $56.75 million. Tysons-based Willow Creek Partners sold the property, Barracks West Townhomes & Apartments, to West End Capital Group, according to a Feb. 14 news release from commercial real estate brokerage KLNB, which arranged the sale. Willow Creek Partners acquired the apartment complex at 255 […]
Construction kicks off on $750M Norfolk casino
After more than four years and amid shifting plans, construction has finally begun on Norfolk’s new $750 million casino resort. Norfolk Casino spokesperson Jay Smith confirmed that construction on the long-awaited project kicked off Friday near Harbor Park. While a ceremonial groundbreaking ceremony was held in October 2024, actual site work didn’t begin until last […]
NoVa could feel pain if Trump cuts federal office space
Northern Virginia is sure to weather aftershocks if the Trump administration moves forward with plans to shutter half of the properties owned and leased by the federal government. “We’ll see some strong reverberations,” said David Tarter, executive director for the Center for Real Estate Entrepreneurship and the master’s in real estate development program at George […]
Trump 2.0: Making real estate great again?
Let Trump be Trump. A campaign staffer’s now-famous motto during President Donald Trump’s 2016 bid for president nods to the mercurial nature of the real estate mogul and former reality television star — as well as a similar slogan from “The West Wing.” And Trump himself has repeatedly said he trusts his gut over his […]
Breeden regional director retires after 28 years
After nearly three decades at The Breeden Co., Debbie Gordon retired Friday, according to an announcement from the Virginia Beach real estate development and property management company. Gordon, regional director of Breeden’s multifamily property management division, joined the company in 1997. Under Gordon’s leadership, the company successfully reached the break-even occupancy rate fo[...]
Riverdale project moves forward in Roanoke
Work on the $50 million-plus Riverdale mixed-use redevelopment planned for more than 126 acres on the sprawling former campus of American Viscose, a rayon plant that closed in the late 1950s, is moving right along. Developer Ed Walker shared a lengthy written update on the project Jan. 24 that included a rendering of a 267-unit […]
Banks, credit unions revisit in-person banking strategies
A former Village Bank branch in Chesterfield County is now a Dunkin’ doughnuts and coffee shop, complete with a drive-thru. Roanoke’s former First National Bank building has found new life as a 54-room boutique hotel. In Hampton, the former Bank of Hampton Roads building is a doggy day care. It’s true that bank customers do […]
The Virginia Home plans $128M campus in Hanover
The Virginia Home plans to build a $128 million, 75-acre campus in Hanover County, according to a Thursday announcement by the nonprofit, which serves adults with irreversible physical disabilities. The current facility in Richmond will be sold, a spokesperson said. At its location overlooking Richmond’s Byrd Park, The Virginia Home houses 130 residents who have […]
Cushman & Wakefield | Thalhimer names new Va. Beach leader
Geoff Poston is taking over leadership of the Virginia Beach office of Cushman & Wakefield | Thalhimer, according to a Wednesday announcement by the Glen Allen-headquartered real estate firm. As managing broker, Poston replaces Chris Rouzie, who has led Thalhimer’s overall Hampton Roads operation since 2014. Rouzie, an executive vice president at the firm, will […]
New York investment firm purchases Short Pump Station for $54.96M
Nuveen Real Estate, a New York investment management firm, purchased Short Pump Station in western Henrico County from Wafra, an alternative investment managing firm also based in New York, for $54.96 million on Dec. 30, 2024, according to a Tuesday announcement by Wafra and Henrico County records. Grocery retailer Trader Joe’s is the anchor tenant […]
Herndon office building portfolio sells for $51M
A portfolio of four office buildings in Herndon sold for $51 million, Finmarc Management announced Thursday. Dubbed Dulles Corner, the four buildings comprise nearly 620,000 square feet of Class A office space. Located at the intersection of Dulles Toll Road and Virginia Route 28, the properties are: 2411 Dulles Corner Park, an eight-story, nearly 180,000-square-foot […]
Virginia 500 Spotlight: CHRISTOPHER MOLIVADAS
What I like to do for fun: Time with family. My family is my biggest accomplishment. What I was like in high school: I was very well-rounded and involved in everything. What made me choose this career path? I am a very visual person and easily understand how things come together to create something. The […]
