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Real Estate 2023: STEPHEN BALLARD
Ballard’s construction career goes back nearly 40 years. He has served as a project manager, superintendent, estimator, carpenter and laborer. Today, he oversees all construction operations and corporate functions for his company, including strategic planning, project management, estimating, business development, corporate communications, safety and quality. Ballard Construction served as ge[...]
Real Estate 2023: RONALD J. LAUSTER JR.
Lauster joined W.M. Jordan in 1997 and became its president in 2018. He has managed notable projects such as the Ferguson Center for the Arts at Christopher Newport University and the restoration of the historic Cavalier Hotel in Virginia Beach. An Old Dominion University alumnus, Lauster also graduated Harvard Business School’s Advanced Management Program. In […]
Real Estate 2023: MILES LEON
As S.L. Nusbaum’s chief executive, Leon holds significant responsibilities for overseeing all company operations and driving new business development for the 117-year-old Nusbaum, which manages more than 30,000 apartment units throughout the mid-Atlantic and Southeast United States. Leon co-founded First Commercial Real Estate Services, which was purchased in the early 1990s by Nusbaum, and [...]
Real Estate 2023: T. RICHARD LITTON JR.
Litton is responsible for day-to-day operations at Harbor Group International, a 38-year-old real estate investment and management firm with 1,500 employees and $20 billion in real estate investments throughout the United States and the United Kingdom. One of its most famous properties is the Eero Saarinen-designed CBS Building in midtown New York City, which HGI […]
2023 Virginia 500: Real Estate
Patrick Bain PRESIDENT AND CEO, THE LONG & FOSTER COS., CHANTILLY Stephen Ballard PRESIDENT AND CEO, S.B. BALLARD CONSTRUCTION, VIRGINIA BEACH Brendan Bechtel CHAIRMAN AND CEO, BECHTEL CORP., RESTON Brian F. Bortell PRESIDENT, CHAIRMAN AND CEO, TIMMONS GROUP, CHESTERFIELD COUNTY Gary Bowman FOUNDER, CEO AND CHAIRMAN, BOWMAN […]
Real Estate 2023: BENJAMIN SCHALL
Before becoming CEO in 2022, Schall was AvalonBay’s president, joining the company just the year before. Previously, Schall was CEO of Seritage Growth Properties and chief operating officer of Rouse Properties. At Rouse, he oversaw the redevelopment and operations of a $2.5 billion portfolio of 35 regional malls across the country, totaling 25 million square […]
Four Prince William shopping centers sell for $52.8M
A portfolio of four regional shopping centers in Prince William County’s Dale City area has sold for $52.8 million, the joint venture of buyers announced Monday. Located less than 3 miles apart along Dale Boulevard, the 1970s-era shopping centers — Center Plaza, Mapledale Plaza, Forestdale Plaza and Glendale Plaza — total 470,000 square feet on 70 […]
Low inventory, high interest rates strap Va. housing market
Homebuyers in Virginia are continuing to feel the strain of low inventory and high interest rates. The number of active listings on the market is shrinking, and fewer new listings are coming on the market. Despite a brief uptick in inventory at the beginning the year, about 67% of the state’s counties and cities had […]
Henrico shopping center sells for $10.1M
A neighborhood retail center in Henrico County sold for $10.1 million on Aug. 17. Named The Shops at Wellesley, the 42,318-square-foot shopping center is located at 3416-3470 Lauderdale Drive. The center was built in 1992 and occupies a 6.99-acre lot, according to county property records. It was 94% leased at the time of sale with […]
AREP, partners acquire Ashburn townhome community
CityHouse Ashburn Station, a 200-unit luxury townhome community in Loudoun County, has sold for $120 million. New York-based Rithm Capital, McLean-based American Real Estate Partners and New Jersey-based GreenBarn Investment Group closed the purchase from Dream Finders Homes on Monday. AREP and GreenBarn are co-general partners for the project. Rithm is providing equity capital, in […]
The Breeden Co. adds new multifamily regional director
The Breeden Co. has named Sydney Balmer to its multifamily property management’s regional director team. The Virginia Beach-based real estate developer announced Balmer’s hire Aug. 8. She will oversee a portfolio of multifamily assets in the South Hampton Roads market. “Sydney brings her passion for problem solving and elevated resident experiences to the multifamily operations [&hel[...]
Henrico County, Markel|Eagle acquire land for GreenCity
Henrico County and an affiliate of Markel|Eagle Partners LLC came to an agreement Thursday to purchase the 110-acre Scott Farm property, which will be a key part of the $2.3 billion mixed-use GreenCity development, for $35.1 million. First proposed in December 2020, GreenCity plans to include what is billed as the nation’s greenest arena, with […]
