Sign In
Free Newsletter
Avalon Townhomes in Hampton sell for $26.5M
Real estate investment and development companies Rock Creek Property Group and Two Rivers Realty Partners announced last week that they acquired a 182-unit townhome rental community in the Buckroe Beach area of Hampton for $26.5 million.
Chase City to turn old school into apartments
After years of debate, Chase City has approved plans to convert the long-shuttered Robert E. Lee school into 25 apartments led by Echelon Resources.
60,000 Americans to lose their rental assistance and risk eviction unless Congress acts
Moments after Daniris Espinal walked into her new apartment in Brooklyn, she prayed. In ensuing nights, she would awaken and touch the walls for reassurance — finding in them a relief that turned to tears over her morning coffee. Those walls were possible through a federal program that pays rent for some 60,000 families and […]
A second act for Roanoke’s Walker Machine and Foundry
Standing within hollering distance of the Roanoke River, Gregory Kaknes points toward an empty, 10,000-square-foot building. “That’s the bar and grill,” he says. He turns the other direction and motions toward a large expanse of land covered in concrete. “The apartments are over there. … There’s where we’ll have outdoor music, pickleball courts, beach volleyball.” [&hel[...]
Breeden regional director retires after 28 years
After nearly three decades at The Breeden Co., Debbie Gordon retired Friday, according to an announcement from the Virginia Beach real estate development and property management company. Gordon, regional director of Breeden’s multifamily property management division, joined the company in 1997. Under Gordon’s leadership, the company successfully reached the break-even occupancy rate fo[...]
Riverdale project moves forward in Roanoke
Work on the $50 million-plus Riverdale mixed-use redevelopment planned for more than 126 acres on the sprawling former campus of American Viscose, a rayon plant that closed in the late 1950s, is moving right along. Developer Ed Walker shared a lengthy written update on the project Jan. 24 that included a rendering of a 267-unit […]
Breeden VP returns from retirement
Retired Breeden Co. executive Barry Tomlin has rejoined the Virginia Beach real estate development and property management company as its vice president of customer service and marketing, The Breeden Co. announced Dec. 5. Tomlin initially joined Breeden in 2007, working as vice president of property management at the time of his 2022 retirement. In his […]
Roanoke EDA delivers on Artspace funding
Artspace, a Minnesota-based nonprofit that develops affordable housing for artists and creative spaces, plans to build a mixed-use affordable housing project for artists and their families in Roanoke, at the massive Riverdale redevelopment project planned for the Southeast quadrant of the city. “This will be their first Virginia project,” Duke Baldridge, vice-chair of the Roanoke [&helli[...]
Va. Beach apartment complex sells for $36M
Dove Landing, a 318-unit apartment complex in Virginia Beach, has changed hands, Berkadia announced Jan. 31. Chesapeake-based Community Investment Group bought the property for $36 million from Enterprise Community Development, a nonprofit affordable housing provider in the mid-Atlantic, according to a news release from Berkadia. Dove Landing, at 5301 Justin Court, was built in 1982, renovated [&[...]
Norfolk apartment complex sells for $38.5M
Enterprise Community Development, a nonprofit affordable housing provider, has purchased Woodmere Trace, a 300-unit Norfolk community, from Raleigh, North Carolina-based Fulton Peak Capital. Enterprise closed the $38.5 million sale on Dec. 20, 2023. Woodmere Trace is located at 6741 Tanners Creek Drive. The 300 garden-style apartments, comprised of one- and two-bedroom units, were built in [&helli[...]
Breeden Construction completes Newport News apts.
Richmond-based Breeden Construction has finished work on the Lift & Rise on Jefferson, a community with 81 townhomes and garden-style apartments in Newport News. The $18.5 million project, done for the Newport News Redevelopment & Housing Authority and Pennrose, a Philadelphia-based developer, started in June 2021 with cleanup and preparation of land on Jefferson Avenue […]
Roanoke apartment complex sells for $7.25M
Mount Pleasant Villas apartments, a 90-unit community in Roanoke, has changed hands. Raleigh, North Carolina-based Sweetbay Capital, a real estate private equity firm, acquired the apartment complex from JC Capital Rutrough for $7.25 million in early December, according to Cushman & Wakefield | Thalhimer. It’s the company’s third acquisition in Roanoke. Clay Taylor from Cushman [[...]
