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Fairfax’s commercial real estate market perks up
As vacancy remains elevated and older buildings struggle, companies like Iridium, Booz Allen and Workday are relocating to newer, amenity-rich offices in Tysons and Reston.
US pending home sales hit nearly 3-year high
Dec 29 (Reuters) – Contracts to purchase previously owned U.S. homes unexpectedly shot to the highest in nearly three years in November, as improving affordability conditions drew in buyers, the National Association of Realtors said on Monday. Pending home sales rose 3.3% last month after an upwardly revised 2.4% gain in O[...]
November US homes sales rose from the previous month, but down from 2024 as prices climb
US existing home sales rose slightly in November but fell from a year earlier for the first time since May, as high prices and affordability challenges persist.
Developer proposes Henrico industrial park after resistance to data centers
After resistance to a data center campus in Henrico County, a developer appears to be pivoting to an industrial park proposal.
Alexandria approves 600+ housing units in Potomac Yard
Alexandria City Council approves Potomac Yard plan for 640 homes, including affordable housing, retail and open space near a Metro stop.
Virginia sees home sales decline across major markets
Inventory climbed in both Hampton Roads and Northern Virginia in November, but fewer deals closed as home sales declined.
US mortgage rates tick up to 6.22% but stay near lows
US mortgage rates inched up to 6.22% but remain near yearly lows as refinancing surges and economists expect rates to stay just above 6% next year.
Chesterfield Towne Center sells to New York, Swiss companies
Chesterfield Towne Center, the largest enclosed mall in the Richmond area, was sold on Dec. 12 to JRE Partners and Anastacia AG for an undisclosed amount.
New York company buys Chesapeake apartments for $34.8M
Fairstead is investing $34.8 million to acquire and renovate Landmark Apartments, a 120-unit affordable housing complex in Chesapeake.
US mortgage rates fall to 6.19%, nearing yearly low
U.S. mortgage rates dropped to 6.19%, the lowest since October, boosting buying power as Fed rate cuts loom and housing demand improves.
TTR Sotheby’s reshapes executive team
TTR Sotheby’s International Realty names a new CEO and president and COO as longtime leader Mark Lowham becomes chairman.
Apartment-style hotel coming to Hampton in 2026
North Carolina-based stayApt Suites plans to open a 103-suite hotel in Hampton, with an expected opening in summer 2026.
