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Three Norfolk retail buildings sell for $3.3M
Three retail buildings on a portion of a site used for commercial auto sales and service in Norfolk sold for $3.3 million on Dec. 22, 2023. Michael Sifen Inc. purchased an approximately 5.39-acre portion of 7520 N. Military Highway from Freedom Industrial. The site includes a roughly 30,188-square-foot building, a two-story, rou[...]
Virginia Beach retail building sells for $5.5M
A retail building in Virginia Beach sold for $5.5 million on Dec. 18, 2023. Located at 5169 Virginia Beach Blvd., the freestanding retail building is 59,162 square feet, and the plot of land is almost 136,999 square feet, according to city property records. The current tenant is a Havertys Furniture store. 5169 VB BLVD LLC [&hel[...]
8-story office building in Fairfax County sells for $9.5M
An eight-story office building in Fairfax County sold for $9.5 million on Dec. 19, 2023. Located at 4035 Ridge Top Road, the Crown Ridge at Fair Oaks is a 194,699-square-foot Class A office building near the intersection of U.S. Route 50 and Interstate 66. The previous owner recently completed a $1.1 million upgrade, including a[...]
16 Va. companies receive LGBTQ inclusivity awards
Sixteen Virginia companies received the top score in the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, released in November. Nationally, more than 1,384 companies, including 378 Fortune 500 companies, participated in the organization’s 21st Corporate Equality Index (CEI) survey. Companies tha[...]
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 co[...]
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 Dis[...]
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 [...]
