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Virginia Beach

Pharrell Williams speaking during a June press conference announcing Gov. Ralph Northam's plans to make Juneteenth a state holiday. | Photo courtesy Gov. Ralph Northam's office
Jul 23, 2021

Va. Beach apartment complex where Pharrell lived sells for $24.5M

The Virginia Beach apartment complex where music superstar Pharrell Williams lived until he was 7 has been sold for $24.5 million to Fairstead, a New York-based real estate company focused on sustainable development and affordable housing. The company announced Thursday that it plans a $15 million overhaul of the Atlantis Apartments in Virginia Beach’s Seatack […]

Jul 18, 2021

Breeden Co. names three new executives

The Breeden Co., the Virginia Beach-based real estate firm, announced last week it has promoted two people to become vice presidents, as well as hiring a third person as a vice president. Brenda Karp, currently vice president of Breeden Realty, has been promoted to vice president of business development for the entire company, effective Oct. […]

Jul 11, 2021

Va. Beach KFC building sold for $2.4M

A KFC restaurant in Virginia Beach will become a Cook Out following its $2.44 million purchase by Cook Out – Virginia Beach Inc., Cushman & Wakefield | Thalhimer announced last week. The 2,745-square-foot building at 1010 Independence Blvd. was sold by Cabrillo Mobile Lodge LLC, represented by Dean G. Martin of Thalhimer. The buyer plans […]

Jul 1, 2021

Federal approval process starts for Va. Beach wind farm

Friday will mark an important milestone for Dominion Energy Inc.’s wind energy plans, as the federal Bureau of Ocean Energy Management begins its two-year permitting and environmental review of the 2.6-gigawatt Coastal Virginia Offshore Wind project. That’s the next step before construction begins in 2024, Dominion said in a news release. Gov. Ralph Northam and […]

Jun 27, 2021

Va. Beach retail building sold for $2.2M

A Virginia Beach retail building has been sold for $2.2 million, and the buyer plans to develop a Freddy’s Frozen Custard & Steakburgers restaurant in the 6,000-square-foot building, Cushman & Wakefield | Thalhimer announced last week. Mosley Real Estate Advisors Inc. purchased the 796 Lynnhaven Parkway building from United Restaurant Group LP and also plans […]

Jun 20, 2021

Va. Beach industrial property sells for $3M

A 38,600-square-foot industrial building on 4.34 acres in Virginia Beach has been sold for $3,015,000, Cushman & Wakefield | Thalhimer announced last week. The property at 1424 Baker Road was sold by Baker & Associates LLC to B&D Acquisitions as an investment. Geoffrey W. Poston of Cushman & Wakefield | Thalhimer handled negotiations on the […]

Jun 5, 2021

Shamin Hotels purchases Va. Beach Hampton Inn

Chesterfield County-based Shamin Hotels has purchased the 120-room Hampton Inn property on Virginia Beach‘s Oceanfront, Grand Bay Advisors, which represented the seller in the transaction, announced Friday. The sale amount was not disclosed, but the land and building are assessed at $20.6 million, according to city records. Norfolk-based Grand Bay said in a news release […]

“Virginia Beach is going to be the epicenter of economic development on the East Coast,” predicts the city’s mayor, Bobby Dyer. Photo by Mark Rhodes
May 31, 2021

Rolling out the red carpet

With high-speed subsea internet cables landing on Virginia Beach‘s shores and massive wind turbines propelling off its coast, the state’s largest city is primed to welcome new businesses and industries generating high-end jobs. “Virginia Beach is going to be the epicenter of economic development on the East Coast,” says Mayor Bobby Dyer. “I am convinced […]

May 25, 2021

Checkered Flag Auto Group acquires Newport News dealership

Virginia Beach-based Checkered Flag Auto Group announced Tuesday that it has purchased the Pomoco Chrysler, Dodge, Jeep, Ram, Alfa Romeo and Fiat dealership in Newport News. The acquisition is the company’s first dealership on the peninsula and its first to include U.S. automotive brands. Checkered Flag Auto Group consists of 10 other dealerships in the […]

May 23, 2021

Va. Beach industrial office park sold for $4.1M

Virginia Beach’s First Colonial office park has been sold for $4.14 million, Cushman & Wakefield | Thalhimer announced last week. The adjoining lots at 205-217 First Colonial Road make up 2.99 acres and include a 37,500-square-foot office/warehouse park. CP Roadrunners LLC purchased the property from Virginia-based Nostalgia Partners LLC as an investment. Geoff Poston and […]

May 14, 2021

Virginia Beach office building sells for $1.9M

Commonwealth Park Executive Center in Virginia Beach has sold for $1.9 million, Colliers announced Thursday. The Class B, two-story building located at 900 Commonwealth Place once housed the WCMS radio studios and currently is 100% occupied. It was built in 1975. The building has 20,180 rentable square feet leased to five tenants, including Commonwealth Park […]

Apr 20, 2021

$59.6M hydroponic operation coming to Va. Beach

Agriculture startup Sunny Farms LLC plans to build a $59.6 million, 32-acre hydroponic operation in Virginia Beach — creating 155 jobs and one of the largest greenhouses on the East Coast, Virginia Gov. Ralph Northam announced Tuesday. The facility, which will cover 1.2 million square feet when completed in three years, will be located at […]

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