Sign In
Free Newsletter
The Meridian Group buys 277 acres in Winchester for industrial park
Bethesda, Maryland-based real estate investment firm The Meridian Group has purchased 277 acres of land in Winchester along Insterstate 81 and has plans to develop an industrial park on it. The purchase price of the land was not disclosed and is not yet available from public land records. The Meridian Group acquired the property this week […]
Pentagon City plan aims for higher density
A major study that will shape the future of Pentagon City is entering its final stages. The Arlington County urban village has grown from empty fields and warehouses in the 1950s to become one of the Washington, D.C., area’s busiest neighborhoods. With construction plans now under community review for Amazon.com Inc.’s HQ2, Pentagon City is […]
Long-term care
Just over a year after becoming CEO of VCU Health System and senior vice president for health sciences at Virginia Commonwealth University, Dr. Arthur Kellermann says the institution’s commitment to providing high-quality medical care while also addressing issues of health equity was a big part of what drew him to take the job. “Most medical […]
Amazon has hired 3,500 HQ2 workers
Amazon.com Inc. has hired 3,500 of its 25,000 planned workers for HQ2, the tech behemoth’s $2.5 billion East Coast headquarters in Arlington. Meanwhile, construction on the two office towers for HQ2’s first phase, Metropolitan Park, is more than halfway complete, company representatives said during a site tour Wednesday. Amazon has added about 500 […]
Fairfax-based Peterson Cos. opens self-storage division
Fairfax-based real estate company The Peterson Cos. has formed a self-storage division, the company announced Monday. It is the company’s first new division in more than 35 years and Jim Mertz will run it, the company said in a news release. Mertz joined Peterson Cos. in 2015 to lead the development effort for Promenade at […]
New luxury apartments coming to downtown Norfolk
With $56.2 million in financing in place, Marathon Development Group’s Frank “Buddy” Gadams is ready to start work on “Gravity 400 Apartments,” in downtown Norfolk, Berkadia Commercial Mortgage LLC and Breeden Construction announced. Located at 400 Waterside Drive, the 273-unit high-rise apartment tower will be have studio, one-, two-, and three-bedroom floor plans, in a [&he[...]
Henrico expands development incentive program, amends tax credits
Henrico County announced this week it is creating a redevelopment incentive program for parts of the county that are in need of renovation. Henrico Investment Program was unanimously approved by the county board Tuesday, and the program is expected to launch in January. Incentives for development and reinvestment will be available for projects along parts […]
Pamunkey Tribe names W.M. Jordan, Suffolk as Norfolk casino builders
Newport News-based construction company W.M. Jordan Co. will team up with a national firm, Suffolk, to build Norfolk’s $500 million HeadWaters Resort & Casino project on the Elizabeth River, according to a Friday announcement from the Pamunkey Indian Tribe, the casino’s operator. Suffolk, which earns $4 billion in annual revenue and employs 2,500 people in […]
Tech Innovation Campus sets groundbreaking for Sept. 14
Virginia Tech is set to break ground Sept. 14 on the first building for its $1 billion Innovation Campus in Alexandria. National Geographic Society Chairman Jean Case, wife of American Online co-founder Steve Case, will be the keynote speaker at the groundbreaking ceremony. A graduate school for computer science and computer engineering students, the Innovation […]
Real Estate
J. SCOTT ADAMS REGIONAL PRESIDENT, VIRGINIA AND RALEIGH, NORTH CAROLINA, COLLIERS INTERNATIONAL GROUP INC., NORFOLK Asked to name one thing he’d change about Virginia, Adams says he’d like to see more collaboration between the commonwealth and North Carolina. Chances are that has at least a little to do with the fact that in fall 2020, […]
Va. Beach Naval Air Station to allow private development
About 400 acres of underutilized land at Naval Air Station Oceana in Virginia Beach could be leased for private development, according to a new agreement between the Navy and the city of Virginia Beach. The agreement was signed Thursday. The concept, known as Future Base Design, would mean that the land would be leased to […]
Petersburg sues to demolish old Ramada
The city of Petersburg filed a lawsuit Friday against the company owned by developer and former NFL player Chris Harrison, who promised in 2015 to replace the city’s shuttered and dilapidated Ramada Inn with a brand-new hotel, 100 apartment units and retail space. Six years later, redevelopment has not taken place. In Friday’s filing, Petersburg […]
