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Capital Square hires managing director, institutional fundraising head
Henrico County-based real estate investment company Capital Square announced Monday it has hired Bernard R. “Ben” Vonderhaar as managing director and head of institutional fundraising. Vonderhaar was most recently the managing director of fundraising at BlackGold Capital Management LP and has also served as managing director and head of the endowment and foundation, health care […]
Office building in Henrico County sells for $5.85M
An office building in Henrico County has sold for $5.85 million, Cushman & Wakefield | Thalhimer announced Wednesday. Located at 4461 Cox Rd. in the Innsbrook Corporate Center, the 70,000-square-foot office building was approximately 50% occupied at the time of the sale, with printing software company TriMech as the main tenant, says Evan M. Magrill […]
Norfolk inn sells for $1.65M
The Americas Best Value Inn Norfolk has sold for $1.65 million, commercial real estate brokerage firm Marcus & Millichap announced Friday. Built in 1959, the 62-room property sits on a one-acre lot at 1850 E. Little Creek Rd. in Norfolk. Maharishi Dayanand Investment Inc. sold the property to Parmeshwari LLC through a 1031 exchange, which […]
State rent, mortgage relief program expands to aid landlords
Gov. Ralph Northam announced Thursday the expansion of the state’s Rent and Mortgage Relief Program (RMRP) to include financial assistance for landlords. The RMRP was launched in late June with $50 million in federal CARES Act funding to assist households facing eviction or foreclosure due to COVID-19. Landlords can now apply to receive financial assistance […]
Arlington’s Rosslyn City Center getting $35M renovation
A $35 million renovation project at Rosslyn City Center in Arlington will transform an 84,000-square foot space into a place for all-day dining, working and socializing, real estate lender American Real Estate Partners (AREP) announced Wednesday. AREP will complete the renovation at 1700 N. Moore St., where DMK Restaurants co-founder David Morton and his partner […]
JBG Smith purchases broadband spectrum from FCC
JBG Smith announced Monday it has purchased seven blocks of Citizens Broadband Radio Service (CBRS) spectrum in Arlington County and Alexandria from the Federal Communications Commission, an acquisition that will allow the Bethesda, Maryland-based developer to build a 5G network in the National Landing area, where Amazon.com Inc. is building its HQ2 East Coast headquarters. […]
Christiansburg shopping center sells for $3.25M
A shopping center in Christiansburg has sold for $3.25 million, Cushman & Wakefield | Thalhimer announced last week. Located at 290 Peppers Ferry Road, the 9,525-square-foot retail center sold to Collegiate Investment 290 LLC as an investment. Pepper’s Ferry Plaza was owned by Family Peppers Ferry LLC and its tenants include Subway, Mattress Warehouse and […]
U.S. nonresidential construction spending fell in July
National nonresidential construction spending fell again in July by 1.2%, according to an Associated Builders and Contractors analysis of data published Tuesday by the U.S. Census Bureau. And ABC Chief Economist Anirban Basu says next year is shaping up to be an especially harsh one for contractors. Spending totaled $809.1 billion for the month of […]
Danville warehouse sells for $1.625M
A warehouse building in Danville has sold for $1.625 million, Cushman & Wakefield | Thalhimer announced last week. Located at 2117 Halifax Road across Route 58 from the Danville Regional Airport, the Limborgh II Warehouse will be used as a manufacturing facility for wood storage sheds and barns. Lowder Builders LLC purchased the 112,422-square-foot warehouse […]
Va. Physicians for Women to construct HQ in Midlothian
Virginia Physicians for Women purchased four acres of land for nearly $1.5 million to construct a new headquarters building in Midlothian, commercial real estate brokerage firm NAI Dominion (an office of NAI Global) announced last week. The medical practice purchased the land for the 41,598-square-foot headquarters building from Woodlands Real Estate LLC. Virginia Physicians for […]
Real Estate
J. SCOTT ADAMS PRESIDENT, VIRGINIA, COLLIERS INTERNATIONAL LLC, NORFOLK A nearly 30-year veteran in the real estate industry, Adams, who joined Colliers in January 2019, oversees the company’s Central and Southeast Virginia teams and, starting this fall, the Raleigh market. Last year, Colliers Virginia, which employs more than 350 people, reported $54.5 million in revenue. […]
Apartments developer buys 13 acres in Chesterfield for $4M+
An apartment complex developer has purchased a 13-acre site in Chesterfield County for $4.025 million, Commonwealth Commercial Partners LLC announced Friday. Located at 6767 Iron Bridge Road, the complex will include 230 apartment units, a clubhouse and a pool. Austin Woods Development Co. sold the property to Waverton Development Inc. in a transaction that closed […]
