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Vanguard Landing apartments under construction in Va. Beach
Vanguard Landing, an “intentional community” specifically designed for people with intellectual and developmental disabilities, is under construction in Virginia Beach. Developers broke ground on the first phase in April and started construction in earnest in May. The mixed-use community, which claims to be the first of its kind in Virginia, will eventually have housing for […]
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[...]
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 […]
Hickory Point Townhomes sells for $25M in Newport News
Arlington-based Ritz Banc Group, a real estate, private equity and alternative asset management firm, bought Hickory Point Townhomes, a 175-unit apartment complex at 399 Hickory Point Blvd. in Newport News, from New York-based AION Partners for $25 million, Cushman & Wakefield announced Monday. The new owner pland to continue a comprehensive renovation program implemented by […]
Stratford Hills Apartments sells for $76.5M in Richmond
Stratford Hills Apartments, a 430-unit residential community in Richmond‘s Chippenham Village neighborhood, sold for $76.5 million on Aug. 22, Colliers announced. West 300 North Associates LLC bought the property, located at 2517 W. Tremont Court near Chesterfield County’s Bon Air area, from Stratford Bethany LLC. The property includes 42 buildings, 11 of which are garden-style [&helli[...]
200 townhomes planned for Chesterfield County
Nearly seven acres of land in western Chesterfield County has been sold for $3.8 million in preparation for 200 townhouses to be built in the Westchester Commons area. Westchester Towns Development Co. purchased 6.57 acres of land at 1400 WC Commons Way, from Zaremba Metropolitan Midlothian LLC, Cushman & Wakefield | Thalhimer announced May 16. […]
Henrico townhouse complex sells for $18.5M
The Townhomes of Oakley, a 160-unit multifamily property in eastern Henrico County, has sold for $18.5 million, Cushman & Wakefield announced Thursday. Located at 4633 Needham Court near the Richmond International Airport, the property is 99% leased and has eight one-bedroom units, 112 two-bedroom units, 36 three-bedroom units and four four-bedroom units, all of which […]
Norfolk townhome community sells for $77M
Crown Point Townhomes, a 480-unit apartment community in Norfolk, has sold for $77 million, Berkadia announced Monday. Bush Cos. sold the property, at 5371 Wyngate Drive, to a New Jersey-based buyer. The garden-style, multifamily property has two-, three- and four-bedroom floor plans and is located near Military Circle Mall. David Hudgins of Berkadia Newport News […]
Danville apartment complex sells for $7.85M
Danville Investors LLC sold the 100-unit Turnpike Townhomes for $7.85 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Turnpike Townhome Apartments LLC purchased the apartments at 1300 Franklin Turnpike, as well as parcels of adjacent vacant land, on June 21. Clay Taylor, a certified commercial investment member, of Cushman & Wakefield | […]
Martinsville apartment complex sells for $2.52M
An apartment complex in Martinsville sold for $2.525 million, Cushman & Wakefield | Thalhimer announced Thursday. Located at 16 Molly Circle, the Wellington Manor Apartments includes 62 town house-style units. The property was sold by TP Two LLC and Wellington Inc. to Wellington Manor Apartments LLC. The complex is located directly off of U.S. Route […]
