Virginia Realtors elect Winchester broker as prez
Virginia Realtors, the state’s largest trade association, has a new president and slate of officers for 2023. Katrina M. Smith, of the Blue Ridge Association of Realtors, will lead the group for the next year. She is the broker and owner of RE/MAX Synergy in Winchester and has been a Realtor since 2005. She led […]
17th Street Lofts sells for $4.65M in Richmond
An apartment building in the city of Richmond has changed hands. BP I LLC purchased the 17th Street Lofts, located at 329-333 Oliver Hill Way, from 333 Oliver Hill LLC for $4.65 million, One South Commercial reported. The 20,300-square-foot space includes 24 units and was purchased as an investment. Ryan Rilee and Tom Rosman of [...]
Norfolk industrial property sells for $7.3M
A 60,900-square-foot industrial property in Norfolk has been sold for $7.3 million, Colliers announced Sept. 20. Miami-based Jewell Capital LLC acquired the Brookside Industrial building, 4840 Brookside Court, from Maryland-based Hemsman Properties. The property in Norfolk Industrial Park is leased to regional distribution hubs[...]
22 acres in Innsbrook to be developed into mixed-use
Newton, Massachusetts-based Northland has acquired 22 acres to build a mixed-use development at the “North End” of the Innsbrook area in Henrico County, from Raleigh-based Highwoods Properties. The site is located on the north end of the Innsbrook Corporate Center, at the Intersection of Interstate 95, Nuckols Road and Lake [...]
Stratford Hills Apartments sells for $76.5M in Richmond
Stratford Hills Apartments, a 430-unit residential community in Richmond’s Chippenham Village neighborhood, sold for $76.5 million on Aug. 22, Colliers announced. West 300 North Associates LLC bought the property, located at 2517 W. Tremont Court near Chesterfield County’s Bon Air area, from Stratford Bethany LLC. Th[...]
Syska Hennessy hires new assoc. VP for Richmond office
New York City-based engineering firm Syska Hennessy Group, known for projects such as Lincoln Center for the Performing Arts and the Central Intelligence Agency’s Langley headquarters, has named David Wright associate vice president and senior practice area leader for health care in its Richmond office, the company announc[...]
Caroline County building sells for $3M
A 71,252-square-foot office building in Caroline County has sold for just over $3 million, Cushman & Wakefield | Thalhimer announced Sept. 5. The building, located at 24010 Partnership Blvd. in Ruther Glen, is on 47 acres. Atlantic Union Bank sold the building to Partnership Blvd Properties LLC. Will McGoogan of Cushman & Wakefield | Thalhimer […]
Exclusive: Capital Square adds co-CEO
Glen Allen-based real estate company Capital Square has promoted Whitson Huffman to co-CEO, the developer and sponsor of tax-advantaged real estate investments announced Monday. Huffman, 33, will co-lead the company with his father-in-law, Louis Rogers, founder and CEO of Capital Square, a fast-growing real estate investment fun[...]
$55M affordable housing community moves forward in Richmond
The final two phases of Brady Square, a $55 million affordable housing community in Richmond, now have financing and approvals to move forward, developer Dakota Partners announced Tuesday. The Massachusetts developer announced plans for the community in December 2021. Dakota Partners purchased a 14.4-acre parcel at 2200 Brady St[...]
Lynchburg apartments sell for $8.15M
The Gish Flats Apartments in Lynchburg have been sold for $8.15 million, Colliers announced Tuesday. The two buildings at 317 5th St. include 66 units. Eight 8 Properties LLC purchased the apartment buildings from Gish Flats LLC. Gish Flats, near downtown Lynchburg, underwent renovations in 2016, according to Colliers. Charles W[...]
Hanover County business center sells for $41M
Baltimore-based Merritt Properties announced Tuesday it has purchased Crescent Business Center in Ashland from Crescent Business Center LC, a Thalhimer Realty Partners Inc. development, for $41.3 million. The Hanover County business center includes five industrial buildings with 262,256 square feet of space on 20 acres and are 1[...]
Lease signed for Fairwinds Landing in Norfolk
The ball has started rolling on the $100 million project turning the Lambert’s Point Docks property in Norfolk into Fairwinds Landing, a maritime operations and logistics center to support the local offshore wind, defense and transportation industries. The Miller Group signed a lease for the 122-acre site owned by Norfol[...]