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Hampton Roads home sales down in November
Home sales in Hampton Roads were down in November, both compared with October and November 2022, the Real Estate Information Network (REIN) reported in December. A total of 1,690 settled sales were down 10.77% from October and 12.12% from November 2022, according to REIN. Pending sales were also down 7.69% compared with October [...]
Bon Secours tops off new Suffolk hospital
Bon Secours held a topping-out ceremony Thursday for its $80 million, 98,000-square-foot hospital, Harbour View Medical Center, in Suffolk, expected to be completed in 2025. The surgically focused hospital will have 18 medical/surgical beds and four operating rooms and serve as an extension of the services offered on the campus,[...]
Roanoke apartment complex sells for $7.25M
Mount Pleasant Villas apartments, a 90-unit community in Roanoke, has changed hands. Raleigh, North Carolina-based Sweetbay Capital, a real estate private equity firm, acquired the apartment complex from JC Capital Rutrough for $7.25 million in early December, according to Cushman & Wakefield | Thalhimer. It’s the compan[...]
Henrico greenlights $450M live-work-play community
The Henrico County Board of Supervisors on Dec. 12 greenlit Kinsale Center, a massive redevelopment project in the Willow Lawn area from insurance company Kinsale Capital Group and Richmond-based Marchetti Development. The $450 million mixed-use development is expected to bring nearly 700 residences, an eight-story “high e[...]
Riddle Associates names new president
Riddle Associates, a Chesapeake-based commercial industrial real estate brokerage, promoted Lindsey Riddle Elliott to president and principal broker in November, the brokerage announced Wednesday. Elliott formerly served as executive vice president and has been with Riddle for 15 years. She replaces her father, Robert L. Riddle,[...]
Timmons tops off $50M HQ in Chesterfield County
Engineering and design firm Timmons Group topped off the last steel beam of its new, $50 million headquarters Friday at Chesterfield County’s Springline at District 60 mixed-use development. The five-story, 150,000-square-foot building is part of the $210 million, 42-acre first phase of the county’s Springline at District 60[...]
Arlington taps community planning, housing leader
Samia Byrd has been named to lead Arlington County’s Department of Community Planning, Housing and Development beginning Jan. 3, 2024, the county announced Wednesday. Byrd’s responsibilities will include leading the next generation of land use regulations, plans, development policies and practices, housing, and commu[...]
Hampton Roads real estate firm promotes facilities director
Berkshire Hathaway HomeServices RW Towne Realty has promoted Jimmy Gillerlain to director of facilities, the Chesapeake-based real estate firm announced Tuesday. Gillerlain will lead the operations team and oversee facilities management for all company-owned and managed assets. He was with Rose & Womble Realty for 17 years [...]
Chesterfield shopping center sells for $4.8M
The Corner Shops at Chesterfield Towne Center has a new owner. Midlothian Pike Investments sold the 8,120-square-foot retail center for $4.8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Nov. 22. 1834 East 4 Street LLC purchased the shopping center, located at 11530 Midlothian Turnpike, as [...]
Harvey Lindsay acquires condo management portfolio
Harvey Lindsay Commercial Real Estate acquired a management portfolio of 50 buildings in the Hampton Roads region, the Norfolk-based real estate firm announced Tuesday. A Harvey Lindsay representative said the financial terms of the acquisition from Norfolk-based leasing and property management company Cavalier Land were confide[...]
One South Commercial to split from One South Realty
Richmond-based One South Commercial will become a standalone firm, splitting from its 15-year partnership with One South Realty Group, the firm announced Wednesday. The transition will be complete by early 2024. Tom Rosman, director of commercial brokerage, has headed up the commercial division of One South Realty Group since 2008 and will lead the new […]
Fed’s Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is bas[...]
