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Reston-based Stanley-Martin to acquire Essex Homes
Reston-based construction company Stanley-Martin Communities LLC will acquire the home-building assets of Lexington, South Carolina-based home-building company Essex Homes in North Carolina and South Carolina in a deal expected to close by the end of the month. Financial terms of the transaction were not disclosed. Stanley-Martin — a subsidiary of a Japanese firm, Daiwa House […]
Bill allows renters to make certain repairs if landlord doesn’t respond
CORRECTION: THIS WIRE STORY HAS BEEN UPDATED. The original version incorrectly stated the party affiliation of state Sen. John Bell. RICHMOND, Va. — A bill that gives tenants the power to make repairs on their property and deduct the costs from their rent, with conditions, recently passed the Virginia Senate and is expected to advance […]
Former Va. Dept. of Emergency Management building sells for $2.7M
The former headquarters of the Virginia Department of Emergency Management (VDEM) has sold for $2.7 million to Trade Court Associates LLC, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The two-story, 31,825-square-foot building is located on Trade Court near Midlothian Turnpike and Courthouse Road in Chesterfield Co[...]
Three-building office portfolio in Chesapeake sells for $8.4M
Three office buildings in Chesapeake have sold for $8.4 million, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The three-building portfolio in the Greenbrier submarket was sold by Virginia Beach-based Davenport Group Real Estate Inc./Lefcoe Development Co. The property at Volvo Parkway was 95% occupied at the time [[...]
Va. Beach’s Croatan Investments adds principal to leadership team
Virginia Beach-based real estate investment company Croatan Investments LLC added Mike Marshall as a principal on its leadership team, the company announced Monday. Marshall was most recently executive managing director for New York City-based real estate company Newmark Knight Frank Inc. (NFK) and has more than 30 years of experience in commercial and multifamily real […]
Former church building in Chesapeake sells for $5.75M
Chesapeake-based 601 Volvo LLC purchased the former Parkway Christian Center Inc. building in Chesapeake for $5.75 million, Toronto, Ontario, Canada-based commercial real estate company Colliers International announced Monday. The 36,185-square-foot building at 601 Volvo Pkwy. in Chesapeake sits on more than five acres of land. The building is less than a mile from Dollar Tree’s […]
Henrico apartment complex sells for $28.52M
Millspring Commons Apartment Homes in Henrico County sold for $28.52 million, Los Angeles-based real estate company CBRE Group Inc. announced Feb. 4. Built in 1972, the 159-unit, 165,030-square-foot townhome rental community is located at 9318 Tarheel Terrace adjacent to Staples Mill Road. Washington, D.C.-based property management company Republic Properties Corp. bought the community from real [[...]
Fredericksburg industrial buildings sell for $4.14M
Manassas Park-based Juliad Holdings LLC purchased two warehouse/industrial buildings in Fredericksburg for $4.14 million, Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. announced Monday. The buildings comprise 51,000 square feet in Juliad Court, approximately one mile from state Route 17 and Interstate 95, and were leased to four tenants at the time of the […]
Alabama company buys Little Creek Marketplace in Norfolk
Birmingham, Alabama-based property management company Shannon Waltchack’s retail real estate fund, SWNC I LLC, has purchased the Little Creek Marketplace shopping center in Norfolk, S.L. Nusbaum Realty Co. announced Tuesday. The sale price of the transaction was not disclosed. The 49,000-square-foot retail center was 97% leased at the time of the sale to tenants including […]
Norfolk office building sells for $2M
A 15,000-square-foot office building in Norfolk sold for $2 million, real estate and investment management company Colliers International announced Feb. 3. Constructed in 2007, the two-story building is located directly off Military Highway at 5665 Lowery Road. The Janaf location of The Therapy Network is currently a tenant and APM Spine & Sports Physicians and […]
Alexandria Housing Development Corp. buys Avana Apartments for $106M
Alexandria Housing Development Corp. (AHDC) has acquired the former 326-unit Avana Alexandria Apartments for $106 million in an effort to provide affordable housing as rents and sales prices rise in anticipation of Amazon.com Inc.’s HQ2 East Coast headquarters, which is under development in nearby Arlington. The acquisition, which closed on Jan. 28, marks the first […]
Sterling office complex sells for $15.375M
An affiliate of Baltimore, Maryland-based commercial real estate firm Klein Enterprises purchased a 95,282-square-foot office complex in Loudoun County’s Sterling area for $15.375 million, commercial real estate company Avison Young, which negotiated the sale, announced Monday. The property is located at 45745 Nokes Blvd. within the Corporate Office Park at Dulles Town Center. The office [[...]
