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M.C. Dean announces phase 2 of $25M expansion in Caroline
Tysons-based M.C. Dean Inc. announced Monday it has entered the second phase of its $25 million expansion, breaking ground on an 84,000-square-foot modular manufacturing and systems integration facility at its Center for Innovation and Industry in Caroline County. The electrical engineering firm designs, builds, operates and maintains cyberphysical solutions for clients including local, state and […][...]
SunCoke to invest $50M in Buchanan County plant
SunCoke Energy Inc., the largest independent producer of high-quality coke for blast furnace steel production in the Americas, plans to invest $50 million in its Buchanan County manufacturing operation, Gov. Ralph Northam said in a news release Tuesday. Calling the project “a much-needed boost” for Southwest Virginia, Northam said the project will retain approximately 100 […]
Va.-based indoor ski resort firm aims for national chain
Alpine-X LLC, a McLean-based indoor snow sports company, on Tuesday rolled out more details of Fairfax Peak, its $250 million indoor ski resort proposed to be built on parts of the I-95 Landfill Complex in Lorton, as well as its plans to make the resorts national. The public-private project in Fairfax County would be the [&helli[...]
Fairfax hydroponic farm expanding, creating 29 jobs in Herndon
Beanstalk, an indoor hydroponic farm in Fairfax County, plans to expand its operation, investing $2 million and creating 29 jobs, Gov. Ralph Northam announced Monday. Owners Mike and Jack Ross, brothers from Alexandria, started the business in 2018 and sell fresh salad mixes and fresh herbs to grocery stores and at farmers’ markets. The new […]
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 Nos[...]
Wytheville apartments, storage facility sells for $4.2M
The Birchwood Apartments and AAA Self Storage properties in Wytheville have sold for $4.2 million, Cushman & Wakefield | Thalhimer’s Capital Market Groups announced last week. The May 14 transaction includes 60 apartments, 139 self-storage units and an 1,800-square-foot office building on adjoining parcels at 125-195 B[...]
Spotsylvania bank building sold for $1.1M
A former Atlantic Union Bank branch office in Spotsylvania County has sold for $1,145,000, Cushman & Wakefield | Thalhimer announced last week. The 3,229-square-foot building at 5831 Plank Road sits on .94 acres. Katy Land Holdings LLC, based in Texas, purchased the building. Will McGoogan, Jamie Scully, CCIM and Berkley Mit[...]
Virginia sees 12% increase in new listings in April
The state saw a 12% increase in new residential real estate listings since March, according to Virginia Realtors’ April 2021 Home Sales Report released last week. Although it’s typical for new listings to increase between March and April, the organization notes that this year’s gain was larger than in recent years, and new listings were […]
Small uptick in Hampton Roads residential real estate listings
In April 2021, there appeared to be signs that the Hampton Roads region’s low real estate inventory may be on the rise. According to the Real Estate Information Network Inc.’s monthly report on Southeastern Virginia, more listings have been added to the region’s Multiple Listing Service. Last month, there were 3,780 active listings, up from […]
Harbor Group International closes $558M loan obligation
Norfolk-based real estate investment and management firm Harbor Group International LLC has closed a $558 million commercial real estate collateralized loan obligation (CRE CLO), the company announced Wednesday. The deal, HGI 2021-FL1, is the firm’s first CRE CLO, which is a security backed by commercial real estate loans. HGI’s CRE CLO consists exclusively of bridge […]
HHHunt Corp. invests $247M in Southeast U.S. projects
Richmond-based real estate developer and builder HHHunt Corp. announced last week it has invested $247 million in residential communities in Charlotte and Raleigh, North Carolina, as well as plans to expand in the South Carolina, Nashville and Atlanta markets. With the expansion of the company’s investment in the Southeastern United States, it has announced changes […]
S.L. Nusbaum hires vice president of human resources
S.L. Nusbaum Realty Co. announced last week that Jennifer Leigh has been hired as the Norfolk firm’s vice president of human resources. She joins Nusbaum from CBRE (later acquired by Colliers) as chief human resources officer, with oversight over their offices in Virginia and North Carolina. Leigh previously worked in human resources at Sentara Healthcare, […]
