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Reston Business Campus sells for $13M
The four-building Reston Business Campus on Pinecrest Drive in Reston has sold for $13 million, according to the seller, Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. The campus was purchased by 10th Street LLC and totals approximately 83,000 square feet. The four buildings were part of a larger 26-building portfolio of 950,000 square […]
Developer expects to break ground soon on luxury apartments in Richmond
Construction will start this spring on a six-story luxury apartment building in downtown Richmond geared toward young professionals, New York-based developer Goodstein Development Corp. announced Thursday. Goodstein plans to break ground at 507 E. Main St. in the next two months and complete the project by spring 2021, according to its press release. To be […]
Roanoke’s Poe & Cronk Real Estate Group names new president
Roanoke-based commercial real estate agency Poe & Cronk Real Estate Group has promoted Matt Huff as its new president, Poe & Cronk announced Tuesday. Huff joined Poe & Cronk in 2008 and in 2015 became the firm’s first executive vice president and chief operating officer. He succeeds Dennis Cronk, who will serve as the company’s […]
Do Virginians have more confidence in the housing market in 2020?
Are you thinking about making a move this year? Whether buying a first home, upgrading or downsizing, Virginians are entering 2020 with a positive outlook on the real estate market. According to a December 2019 real estate report by Roanoke College, almost 40% more respondents are positive about markets today compared to the same time […]
San Francisco firm acquires Va. Beach apartment complex
San Francisco-based real estate firm Hamilton Zanze (HZ) acquired the Indigo 19 apartment community in Virginia Beach in a deal that closed on Jan. 14. The five-story apartment community located at 1940 Pavilion Drive, in close proximity to the Virginia Beach boardwalk, includes 196 units — each averaging 931 square feet. At the time of […]
Mid-Atlantic CCIM Chapter names new president
The Mid-Atlantic Certified Commercial Investment Member (CCIM) Chapter has elected Heather Placer of Richmond-based real estate agency Shaheen, Ruth, Martin & Fonville as its chapter president, the organization announced Friday. There are more than 13,000 members in 50 CCIM chapters globally — each focused on networking and education for real estate agents who receive the […]
Herndon office buildings acquired near Amazon Web Services
A joint venture between Washington, D.C.-based real estate company Goodstone LLC and New York City-based investment company Waterfall Asset Management secured $49.625 million in debt financing from Bridge Investment Group LLC to acquire and renovate two office buildings in Herndon adjacent to Amazon Web Services’ East Coast headquarters. The Northridge I and II buildings, two […]
Atlantic Union Bank sells Fredericksburg building for $3.575M
Atlantic Union Bank sold one of its Fredericksburg office buildings for $3.575 million but will continue occupying the first floor, leasing it from the new owner, Cushman & Wakefield | Thalhimer announced this week. The 21,594-square-foot property located at 4805 Lassen Lane in Spotsylvania County is situated on approximately 2.24 acres located directly off U.S. […]
Colliers Virginia names boards of directors
Colliers Virginia — part of Colliers International Group Inc. — has appointed members to its two boards of directors overseeing Colliers’ five regional offices in Virginia, the company announced Tuesday. The regional company has a national board of directors comprised of three senior leaders from Colliers International, including COO Gil Borok, General Counsel Matt Hawkins […]
Harrisonburg retail center sells for $5.275M
A retail center in Harrisonburg adjacent to James Madison University has sold for $5.275 million, Harrisonburg-based commercial real estate brokerage Cottonwood Commercial announced Tuesday. Tenants at the 11,900-square-foot retail strip on University Avenue include Buffalo Wild Wings, BurgerIM, Sports Nutrition and Dunkin’. The shopping center was 100% leased at the time of the deal that [&hell[...]
Henrico office building sells for $6.3M
A Henrico County office building, the Campbell Building, sold for $6.3 million to Atlanta-based B&C CCPB LLC, Canada-based real estate company Colliers International announced Monday. The 55,920-square-foot class B office building is located at 8002 Discovery Drive in the Forest Avenue office corridor. HCA Healthcare’s Henrico Doctors’ Hospital is across the street. The property was [&[...]
Roanoke shopping center sells for $2.8M
Roanoke’s Springwood Park Retail Center has sold for $2.8 million, Roanoke-based Poe & Cronk Real Estate Group announced Friday. The shopping center at 3214 Electric Rd. is a 19,200-square-foot mixed use building used for retail and office space. Springwood Park was 98% leased at the time of the sale and its tenants include Ike’s Kitchen, […]
