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real estate

AvalonBay President and CEO Benjamin Schall. Photo courtesy AvalonBay
May 21, 2026

AvalonBay, Equity Residential announce $69B merger, creating real estate behemoth

AvalonBay and Equity Residential announce a merger with an enterprise value of $68B, creating a major apartment REIT.

Neil Amin speaks at a groundbreaking celebration Monday. Photo courtesy Shamin Hotels
May 20, 2026

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.

BARBARA M. WOLCOTT
May 18, 2026

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.

Server room interior in datacenter. Depositphotos
May 12, 2026

Amazon purchases $65M data center site in Manassas

Amazon.com recently paid $65 million to purchase a 7.66-acre data center campus in Manassas, according to Prince William County records.

214 S. Wilton Road is on the market for $8.5 million. Photo courtesy Shaheen, Ruth, Martin & Fonville Real Estate
May 8, 2026

Lansing family lists James River estate in Richmond for $8.5M

The Lansing family listed their 8,765-square-foot James River estate in Richmond for $8.5 million, making it one of the region's priciest homes.

Davenport & Co.'s future headquarters at Kinsale Center. Photo by Chris Cunningham
May 8, 2026

Davenport & Co. moving HQ to Henrico’s Kinsale Center

Davenport & Co. plans to relocate its headquarters from One James Center in downtown Richmond to Henrico County.

JK Land Holdings advances plans for 117-acre Loudoun industrial park
May 5, 2026

JK Land Holdings advances plans for 117-acre Loudoun industrial park

JK Land Holdings is advancing plans to build a 117-acre industrial business park in Loudoun County, just outside Purcellville.

A house in Celestial Way, a Stanley Martin Homes development with 43 single-family homes in Yorktown. Photo courtesy Stanley Martin Homes
May 4, 2026

Stanley Martin Homes completes $221M acquisition of United Homes Group

Stanley Martin Homes announced Monday that it has completed its $221 million all-cash acquisition of United Homes Group.

The JW Marriott at Reston Station. Photo courtesy Crescent Hotels & Resorts
May 4, 2026

Reston condo sale sets Virginia record at $10.25M

A $10.25 million penthouse at JW Marriott Residences in Reston breaks a record for the most expensive condo sold in Virginia.

Real Estate 2023: BENJAMIN SCHALL
May 1, 2026

AvalonBay discussing merger with Equity Residential, Bloomberg reports

Arlington-based AvalonBay Communities is in early discussions about a potential merger with Chicago-based rival Equity Residential.

1600 Rhoadmiller St. in Richmond, taken April 2026. Photo by Katherine Schulte/Virginia Business
Apr 24, 2026

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.

Depositphotos
Apr 20, 2026

Henrico to sell Crossings Golf Club to N.C. company

McConnell Golf plans a roughly $9 million investment to acquire and redevelop the 268-acre The Crossings Golf Club in Henrico County.

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