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Developer breaks ground on 20-story apartment building in Arlington
Greystar broke ground Wednesday on The Commodore, a 20-story building with 423 apartments in Arlington. Located at 2025 15th St. N. in the Courthouse neighborhood, the building has an expected completion of fall 2023. The ground level will have almost 18,000 square feet of retail space, and the development will have varying apartment sizes, from […]
Chesterfield hires director of real estate assessments
Chesterfield County has hired Melvin Bloomfield to be its director of real estate assessments. Bloomfield has been Richmond’s deputy director of real estate assessments for the past seven years. He begins his new role Oct. 4. “We are ecstatic to have Mel joining the Chesterfield family. He brings a wealth of expertise and experience that […]
U.Va. adds real estate minor in commerce school
The University of Virginia will start offering a real estate minor for the first time this spring. The 15-credit interdisciplinary minor, housed within the McIntire School of Commerce, will be taught by faculty across multiple areas, including the College of Arts & Sciences, the School of Architecture, the School of Engineering and Applied Science, and […]
GreenCity arena hopes to draw sports, music acts
When developers unsuccessfully pitched Navy Hill, a $1.5 billion mixed-use project and arena that sought to reinvent Richmond’s downtown, they posed a question: If a major draw like Beyoncé came to town, where would she perform? Now those same developers are aiming to host artists like Justin Timberlake, Green Day and John Legend at GreenCity, […]
A Roanoke reawakening
The Roanoke area is anything but sleepy when it comes to economic development these days. In fact, “the opportunity for Roanoke is greater now than it has been in quite some time,” says John Hull, executive director of the Roanoke Regional Partnership, a public-private joint venture that works to attract new business to the region. […]
Real Estate
J. SCOTT ADAMS REGIONAL PRESIDENT, VIRGINIA AND RALEIGH, NORTH CAROLINA, COLLIERS INTERNATIONAL GROUP INC., NORFOLK Asked to name one thing he’d change about Virginia, Adams says he’d like to see more collaboration between the commonwealth and North Carolina. Chances are that has at least a little to do with the fact that in fall 2020, […]
30 acres in Chesapeake sells for $3.65 million
Approximately 27.48 acres of industrial-zoned land along the Southern Branch Elizabeth River in Chesapeake sold for $3.65 million, Cushman & Wakefield | Thalhimer announced Wednesday. Agrium U.S. Inc. sold the land, located at 700 Weaver Lane, to Waterway Properties LLC. William C. Throne, a certified commercial investment member, and Robert L. Phillips Jr., both members […]
Harbour View Shoppes property sells for $6.8M
Harbour View Shoppes in Suffolk sold for $6.8 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced Wednesday. The fully leased retail center, located at 5883-5889 Harbour View Blvd., is anchored by Verizon and Starbucks Corp. stores. It sits on 2.63 acres near Interstate 664. A family trust based in North Carolina purchased the […]
Williamsburg industrial building sells for $3.47M
The Endeavor Center industrial and distribution building in Williamsburg sold for $3.47 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 70,000-square-foot building, located at 1709 Endeavor Drive in the James River Commerce Center, is a multi-tenant building that sits on 5.61 acres. CTPS LLC bought the building from HR Development LLC. Robert L. Phillips […]
Two Hampton Roads car washes sell for $1.6M
Two Solar Wash Inc. car wash locations in Hampton Roads sold for $1.6 million, S.L. Nusbaum Realty Co. announced Wednesday. Located at 910 W. Washington St., the Suffolk property has five self-service bays, seven vacuum bays and a fully automatic, soft touch station. The Franklin location, found at 1021 Armory Drive, has seven vacuum bays, […]
Chesterfield EDA eyes mixed-use project at Spring Rock Green
The Chesterfield County Economic Development Authority has proposed purchasing Spring Rock Green — a 42-acre property on the northwest corner of Midlothian Turnpike, near Chippenham Parkway — for $16 million to create a mixed-use development. The property is located between the Stonebridge Shopping Center and The Boulder’s Office Park. The first phase of the project […]
Yorktown’s Duke of York Hotel sells for $3M
The Duke of York Hotel in Yorktown sold for $3 million, M.A. Bowry & Co. announced July 2. Built in 1965, the 57-room, 26,084-square-foot, limited-service hotel is located on the York River. It will remain open as the company renovates it. Crockett Enterprises LLC sold the hotel to a limited liability company connected to M.A. […]
