Sign In
Free Newsletter
Breeden Construction moves HQ, triples office space
Henrico County-based Breeden Construction has moved its headquarters office to an 8,100-square-foot space near Henrico Doctors’ Hospital — tripling its previous office space, the company announced this week. Financial terms of the move were not disclosed. The Class A office space is located at 1700 Bayberry Court, Suite 200, and includes private offices and meeting […]
Developer to renovate Rosslyn Marriott, construct three residential buildings
The Rosslyn Marriott hotel will be partially demolished and renovated and three residential buildings will be added to the site, according to a release from the Arlington County Board. Financial terms of the plans were not released. The hotel is located at 1401 Lee Highway and currently has 445 rooms. Site developer KBLH LLC will […]
Mechanicsville apartment complex sells for $7.6 million
The Signal Hill Apartments complex in Mechanicsville sold for $7.6 million on March 26, according to Glen Allen-based real estate company Commonwealth Commercial Partners LLC. Signal Hill includes 68 units and one four-bedroom rental home and is located at 8111 Signal Hill Road. The property came on the market during fall 2019 and was sold […]
Spotsylvania County office building sells for $3.8M
An office building in Spotsylvania County sold for $3.8 million, Cushman & Wakefield | Thalhimer announced March 24. The office building, Deep Run Building C, is 42,216 square feet and was 100% leased at the time of the transaction. It is located at 11905 Bowman Drive, which is less than a mile from the Rappahannock […]
Northern Va. home prices rise, home inventory falls in February
Chantilly-based Long & Foster Real Estate released a report Thursday showing that median home sale prices rose, but home inventory dropped in most of Northern Virginia in February. The Long & Foster Real Estate Market Minute Report studied trends in Alexandria, Arlington, Fairfax County, Loudoun County and Prince William County. Prince William County showed a […]
Commercial real estate firms confident they can weather pandemic
Faced with the coronavirus pandemic, Virginia-based commercial real estate firms say they’re pausing transactions in the short term, but are still moving forward with long-term development plans. The firms are also turning their focus toward supporting tenants and landlords through financial difficulties caused by the crisis. “What our clients and owners need more than anything […]
Richmond developer raises $7M for apartment building in Scott’s Addition
Capital Square Realty Advisors LLC, a Henrico County-based real estate investment and management company, announced Monday that it has raised $7 million from investors for a five-story, 80-unit apartment building in the city’s popular Scott’s Addition neighborhood. Scott’s Collection I, which will be located on a 0.54-acre lot at the corner of 3000-3008 W. Clay […]
JBG Smith gets green light for 300-foot-tall apartment towers in Crystal City
Bethesda, Maryland-based developer JBG Smith Properties has secured the final permissions from Arlington County for two, 300-foot-tall apartment towers in Crystal City near where the real estate company is developing and leasing space for Amazon.com Inc.’s $2.5 billion HQ2 East Coast headquarters. The mixed-use development at 1900 Crystal Drive will include 811 apartments and 40,000 [&hellip[...]
Daleville shopping center sells for $8M
Botetourt County shopping center Orchard Marketplace has sold for $8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Club Forest Guardian LLC purchased the 46,552-square-foot property from Orchard Anchor LLC and New Orchard Marketplace LLC on March 10. The property was 100% leased at the time of the sale to Food Lion […]
Chicago developer plans senior living facility in Henrico
A Chicago developer has purchased a 5.3-acre plot of land in Henrico County for $3.75 million from Temple Beth El synagogue in Richmond. The land will be developed into a senior living facility. CA Ventures’ CA Senior Living division will be building a senior living facility, featuring assisted and independent living options and memory care, […]
Denver real estate company buys Lexington apartment building for $12.2M
Denver-based real estate company Steele Properties LLC has acquired a three-story, 78-unit apartment building in Lexington for $12.2 million. It plans to begin renovating the complex in May, Steele Properties Communications Manager Lynn Haner says. The community, Lexington House, is reserved for seniors and disabled persons in need of Section 8 affordable housing. Steele Properties […]
Stanley Martin buys Richmond parking lot for $3.9M to develop town homes
Reston-based Stanley Martin Cos. LLC has purchased a 1.16-acre parking lot at 1027 N. Lombardy St. in Richmond from Sylvia Place Properties LLC for $3.9 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Read Goode and Cheryle Toy represented Stanley Martin in the transaction. Stanley Martin also has 2.25 acres of adjacent property under […]
