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Harvey Lindsay acquires condo management portfolio
Harvey Lindsay Commercial Real Estate acquired a management portfolio of 50 buildings in the Hampton Roads region, the Norfolk-based real estate firm announced Tuesday. A Harvey Lindsay representative said the financial terms of the acquisition from Norfolk-based leasing and property management company Cavalier Land were confidential. Harvey Lindsay will assume management of the portfolio, which [[...]
One South Commercial to split from One South Realty
Richmond-based One South Commercial will become a standalone firm, splitting from its 15-year partnership with One South Realty Group, the firm announced Wednesday. The transition will be complete by early 2024. Tom Rosman, director of commercial brokerage, has headed up the commercial division of One South Realty Group since 2008 and will lead the new […]
Fed’s Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions […]
100 People to Meet in 2024: Builders
These Virginians are building the future in bricks and mortar with major development projects in communities across the commonwealth. Duke Dodson CEO, Dodson Cos./Dodson Development Group Richmond A Richmond native, Duke Dodson grew up vacationing in Colonial Beach. “It was a mini-Atlantic City then, but legal changes forced casinos out of business,” says the developer. […]
Bonaventure acquires Norfolk apartments for $42M
Alexandria-based real estate company Bonaventure has acquired Monticello Station, a Class A apartment building in downtown Norfolk, for $42 million, the company announced last week. The 121-unit building at 328 Freemason St. has one-, two- and three-bedroom apartments. S.L. Nusbaum previously owned the property, according to Bonaventure. Bonaventure will rename the building Attain Downtown Eas[...]
Amazon HQ2 impact on housing market short-lived, report says
The June opening of Amazon.com’s $2.5 billion East Coast headquarters in Arlington County only had a short-lived impact on home prices, and it’s hard to pinpoint HQ2’s direct impact due to other factors affecting residential costs, according to a report released this month by Bright MLS Research. When Amazon announced it would bring 25,000 highly-paid […]
Rockbridge tent manufacturer to expand, add 60 jobs
Natural Bridge-based fabric shelter systems manufacturer XFactor Solutions Global has leased 34,000 square feet to expand in Rockbridge County, with plans to create 60 jobs, Cushman & Wakefield | Thalhimer announced Thursday. The company, which acquired the assets of Creative Tent International in October, will use the industrial space at 70 Douglas Way in Natural […]
Former Lynchburg Chapstick factory sells for $1.9M
A 218,818-square-foot industrial property in Lynchburg where Chapstick was once manufactured has sold for $1.9 million, Cushman & Wakefield | Thalhimer said. Valley Properties purchased the industrial/manufacturing building, located at 1000 Robins Road, from KDC/One as an investment. KDC/One, a global contract manufacturer of personal beauty and home care items based in Canada, announced in [&[...]
Williamsburg medical office sells for $1.75M
A medical office in Williamsburg has sold for $1.75 million. 320 Monticello LLC sold the 9,000-square-foot office building at 320 Monticello Ave. to Stellar Ventures LLC as an investment. The building is 100% leased and located directly across the street from William and Mary’s School of Education and Midtown Row apartments. Current tenants include a […]
Thalhimer hires exec to lead multifamily biz
Drew Harbrecht has joined Thalhimer as senior vice president and will lead Thalhimer Multifamily, the firm’s residential property services division. He joins from Charleston, South Carolina-based Greystar Worldwide, where he led a management portfolio of nearly 10,000 units in Central Virginia and the Washington, D.C., Maryland and Virginia corridor. He will be based in Thalhimer’s [&h[...]
Capital Square moves Glen Allen HQ
Glen Allen-based real estate company Capital Square has relocated to a new, expanded corporate headquarters in Henrico County’s Innsbrook area, not far from its original headquarters. Capital Square has subleased the space at 4851 Lake Brook Drive in the Innsbrook Corporate Center until March 2028. The new office, which is 44,867 square feet, is more […]
Norfolk warehouse sells for $1.3M
A 10,044-square-foot office and warehouse building in Norfolk sold Tuesday for $1.3 million. The building, on 1.71 acres at 1301 Marsh St., was previously owned by Daughters Trust 3557. Piedmont Land Development bought the property, which is fully leased, as an investment. It is currently leased to Hepaco, an environmental cleanup company. William C. Throne […]
