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Bon Secours breaks ground on new medical office building at St. Francis
Bon Secours on Wednesday broke ground on a three-story, 87,790 square-foot medical office building in Chesterfield County.
Virginia Beach developer building $80M mixed-use development
Construction is underway on an $80 million Virginia Beach project to transform a former elementary school site into a mixed-use development.
Investors snap up 27% of U.S. homes as buyers retreat
LOS ANGELES (AP) — Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers. Nearly 27% of all homes sold in the first three months of the year were bought by investors — the highest share […]
Average long-term US mortgage rate falls to 6.67%, the lowest level since early April
NEW YORK (AP) — The average rate on a 30-year U.S. mortgage fell for the fifth straight week to its lowest level since early April, an encouraging sign for potential buyers who have wrestled with rising home prices. The long-term rate fell to 6.67% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year [&helli[...]
CIA pays Peterson Cos. $246M for Virginia office building
The CIA recently purchased a massive 10-story office building in Chantilly for $246 million, according to Fairfax County tax records.
HUD to move into National Science Foundation building in Alexandria
HUD is relocating its headquarters from Washington, D.C., to the National Science Foundation building in Alexandria.
JBG Smith acquires Tysons Dulles Plaza for $42.3M
JBG Smith announced last week that it has acquired Tysons Dulles Plaza — a 15-acre office campus in Tysons that houses three-buildings.
Chesapeake City Council rejects massive data center
Chesapeake City Council unanimously voted to deny a rezoning that would have allowed construction of Hampton Roads’ first major data center
Average long-term US mortgage rate eases to 6.81%, the third consecutive weekly decline
The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate fell to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the […]
Housing sales decline in NoVa, Hampton Roads
Housing sales last month decreased year-over-year in Northern Virginia and Hampton Roads, although inventory and median sales prices rose.
Former Martin’s store in Chesterfield sells for $2.87M
The former Martin’s retail space at Chesterfield Meadows shopping center has been sold for $2.87 million to a limited liability company.
Office sublease supply shrinks in major NOVA markets
The sublease supply for Northern Virginia’s top office hubs is shrinking as the market has begun to stabilize after the COVID-19 pandemic.
