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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 [[...]
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[...]
Thalhimer Multifamily adds management of five apartment communities
Thalhimer Multifamily has taken on management of five new properties, including two that expand the company’s reach into Culpeper and Front Royal. The company, a division of Glen Allen-based Cushman & Wakefield | Thalhimer, announced the management agreement for Charlottesville-based Hearthwood Apartments; Morningside Apartments in Richmond; Shenandoah Commons in Front Royal; and Southri[...]
Real Estate 2023: ROBERT C. ‘BOB’ KETTLER
Coming from a long line of real estate developers, Kettler got his start in real estate in 1974, remodeling apartments while still a student at George Washington University. He left school to focus on work. Discovering a passion for community development, he founded real estate development company Kettler in 1977. Founded in 1977, his company […]
Real Estate 2023: STEVE LAWSON
A third-generation builder and developer, Lawson served as president of the 190-person multifamily real estate development, construction and management firm for 17 years, until he was named chairman in 2016. For more than two decades, Lawson has promoted equitable and affordable housing policies through leadership positions with the National Association of Home Builders. He has […]
