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AvalonBay, Equity Residential announce merger, creating real estate behemoth
AvalonBay and Equity Residential announce a merger with an enterprise value of $68B, creating a major apartment REIT.
Shamin Hotels breaks ground on $100M+ hotel in Richmond
Shamin Hotels celebrated breaking ground Monday on a $100M+, dual-brand Marriott hotel in Richmond's Scott's Addition.
Hampton Roads real estate exec Barbara Wolcott retires
After more than five decades in the real estate industry, longtime Hampton Roads brokerage executive Barbara M. Wolcott has retired.
Richmond site for planned multifamily building sells for $6.36M
A developer bought a roughly 2-acre site near the Diamond District in Richmond for $6.36 million in mid-April, with plans for redevelopment.
Divaris appoints managing principal broker of D.C. regional office
Divaris Real Estate announced that it has appointed James O’Neill to be managing principal broker of its Washington, D.C., regional office.
Harbor Group International to purchase 11 multifamily properties for $562M
Harbor Group International plans to purchase 11 multifamily properties from Virginia Beach-based AH Realty Trust for $562 million.
Kuhn buys industrial park in Manassas for $90M
JK Land Holdings purchased the 240,000-square-foot Redstone Industrial Park in Manassas from Dogwood Industrial, expanding its industrial real estate portfolio.
Electrical contractor plans $14M investment for Hanover facility
Rosendin plans a $14 million investment at the Lakeridge Logistics Center in Hanover County, creating 250 jobs.
New York firm acquires Virginia Beach shopping center for $102M
An affiliate of Yale Realty Services has purchased the Landstown Commons Shopping Center in Virginia Beach for $102 million.
Belfort Furniture acquires Berryville distribution center for $14M
Loudoun County Belfort Furniture has purchased a 260,000-square-foot distribution center in Berryville for $14 million.
JK Land Holdings buys $28.5M warehouse in Sterling
JK Land Holdings acquired the 7.88-acre site at 45190 Ocean Court in Sterling on Jan. 8 from Sterling Davis Properties.
Norfolk’s MacArthur Center to be demolished this year
The city of Norfolk announced Friday that it will close and demolish the MacArthur Center mall as part of a redevelopment plan for the site.
