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Midlothian shopping center under new management
A Midlothian shopping center anchored by a Food Lion is under new management after selling in late July for $19.6 million. Norfolk-based S.L. Nusbaum Realty Co. will handle leasing and management for 15-acre Village Marketplace, located at 13100 Midlothian Turnpike in Chesterfield County. The 131,814-square-foot center’s t[...]
The Breeden Co. adds new multifamily regional director
The Breeden Co. has named Sydney Balmer to its multifamily property management’s regional director team. The Virginia Beach-based real estate developer announced Balmer’s hire Aug. 8. She will oversee a portfolio of multifamily assets in the South Hampton Roads market. “Sydney brings her passion for problem solving[...]
$27.5M apartment community in Chesterfield now complete
Construction of a $27.5 million luxury apartment community in Chesterfield County is now complete. The Station at Chester includes 65 one-bedroom, 126 two-bedroom and 10 three-bedroom apartments with floor plans ranging from 650 square feet to 1,300 square feet. In addition to the community’s five apartment buildings, the [...]
$98M Richmond apartment building to break ground in Q3
A $98 million luxury apartment building, The Ace Apartments, will be the newest addition to Richmond’s Scott’s Addition neighborhood. The 1.7-acre project will have 295 luxury studio, one- and two-bedroom apartments that will average 753 square feet per unit, and 85% of the units will have balconies. The development’s [...]
8 Va. companies make 2023 Fortune Global 500
Eight Virginia-based companies made Fortune magazine’s 34th Global 500 list, released Tuesday, notably including the newly renamed RTX and Boeing Co. as Virginia’s second and third highest-ranking companies, both of which are also newcomers to the state, having moved their headquarters to Arlington County last year. Freddie[...]
Global coworking franchise coming to Chesapeake
Venture X, a global coworking office space franchise, is entering the Hampton Roads market, with its first location coming to Summit Pointe in Chesapeake, Cushman & Wakefield | Thalhimer announced Tuesday. HMP Properties LLC, a Venture X franchisee, has leased 18,543 square feet of space in the 555 Belaire office tower, whic[...]
$77.8M apartments break ground outside C-ville
Charlottesville-based GW Real Estate Partners, a vertically integrated multifamily construction and development firm, and Austin, Texas-based Virtus Real Estate Capital, have broken ground on a new, $77.8 million apartment community at the entrance to North Pointe, a 224-acre mixed-use community near Rivanna Station in Albemarle[...]
Virginia MOCA moving to Virginia Wesleyan campus
The Virginia Museum of Contemporary Art is moving from Virginia Beach’s ViBe District to Virginia Wesleyan University’s campus, with the aid of a $25 million gift, the museum and university said Tuesday in announcing the partnership. The gift, from Jane Batten, Joan Brock and David and Susan Goode, will fund construc[...]
Plans revealed for second Buc-ee’s Va. location
Buc-ee’s appears to be planning its second Virginia location, this time along Interstate 81 in Rockingham County near Mt. Crawford. According to a post on the county’s Facebook page, Buc-ee’s, the Texas-sized travel center chain, has applied for a special use permit for review and approval of a proposed sign pl[...]
CFA Institute sells Charlottesville HQ for $21.9M
The Charlottesville headquarters of CFA Institute sold for $21.9 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 150,000-square-foot office building, at 915 E. High St., is the former Martha Jefferson Hospital, which opened in 1904, according to Cvillepedia. CFA Institute, a nonprofit association of investmen[...]
Tight housing markets continue in NoVa, Hampton Roads
Home sales in Northern Virginia in June were up 3.6% from the previous month, but still down 16% compared with the same period a year ago, according to a report from the Northern Virginia Association of Realtors released Wednesday. “Many factors” are pointing to the region’s market normalizing when comparing it to five-year trends, the report […]
Five Guys moving HQ to Alexandria
Five Guys Enterprises LLC is moving its corporate headquarters from southern Fairfax County to Alexandria this month, a spokesperson confirmed Friday. The new main office for the family-owned hamburger chain will be in leased space at 1940 Duke St., starting July 17. Friday was the company’s last day at its Lorton headquar[...]
