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Real Estate

August market statistics in Northern Virginia. Image courtesy Northern Virginia Association of Realtors
Sep 13, 2024

NoVa, Hampton Roads home sales decline in August

Home sales in Northern Virginia and Hampton Roads dropped year-over-year and month-over-month in August, although inventory and selling prices in both regions increased from the same time last year. Northern Virginia August home sales in Northern Virginia dropped 8.1% from August 2023, according to data released Sept. 12 by the [...]

The Henrico Global Business Gateway will be based in the upcoming Gather location at 4101 Cox Road.
Sep 10, 2024

Henrico EDA program will help international businesses get foothold

The Henrico Economic Development Authority is launching a global business gateway program for internationally headquartered companies seeking to establish a presence in the United States. The Henrico Global Business Gateway, which the EDA announced Tuesday, will provide international businesses with office space for up to three [...]

Atlantic Constructors Inc. is opening a second headquarters building (R) beside its original headquarters in Chesterfield County.
Sep 6, 2024

ACI doubles its Chesterfield HQ

Commercial and industrial contractor Atlantic Constructors Inc. (ACI) is doubling its headquarters in Chesterfield County, a roughly $25 million project. The contractor, which provides mechanical, electrical, plumbing and fire protection products and services, plans to open a second 170,000-square-foot building on 18 acres besid[...]

Dan McCahan. Photo courtesy Peterson Cos.
Sep 6, 2024

Peterson Cos. names president

Daniel McCahan, most recently chief operating officer of Madison Marquette, will become president of Fairfax-based real estate developer Peterson Cos. on Sept. 9. McCahan worked at Washington, D.C.-based real estate investment firm Madison Marquette for 13 years, first joining as a senior vice president. “We are pleased to wel[...]

Sep 3, 2024

LL Flooring sells Henrico distribution center for $104M

Read more: LL Flooring to sell 219 stores; 211 other stores set to close LL Flooring has sold its eastern Henrico County distribution center to a limited liability company for $104.75 million, according to documents the Henrico-based flooring company filed with the Securities and Exchange Commission on Tuesday. Formerly known as[...]

Aug 29, 2024

Locked gears

When Gail Courville decided this year to move closer into the Richmond metro area from Serenity Farm, her 109-acre Goochland County estate, she faced a real estate market vastly changed from the last time she relocated, back in 2014. The interest rate on the nearly $900,000, 5,000-square-foot home she wanted to purchase in Henri[...]

Industrial facility and cars in parking lot.
Aug 26, 2024

Martinsville industrial property sells for $2.35M

An entity connected to Time Equities, a New York diversified investment, development, asset and property management and alternative energy company, purchased a 99,500-square-foot industrial building in Martinsville currently leased by Atlas Molded Products on Aug. 14 for $2.35 million, according to real estate records and a Cush[...]

Aug 26, 2024

Virginia Housing board elects officers

Members of the Virginia Housing Development Authority’s Board of Commissioners elected Sarah Barrie Stedfast chair, the organization announced last week.  Stedfast is venture president at Norfolk’s RW Towne Mortgage, a subsidiary of TowneBank Mortgage, and is active in the Virginia and Tidewater mortgage bankers associations. She has a degree in business finance from Virginia Tech.  […][...]

A bar chart of Virginia home sales in July.
Aug 26, 2024

Inventory grew in Va. housing market in July

Inventory grew for Virginia’s housing market in July, according to Virginia Realtors data released Aug. 21.  At the end of July, there were 19,162 active listings in the state, which was 4,223 more listings than in July 2023 — a 28.3% increase. Of those listings, 12,439 came onto the market in July, a 13.6% increase [&helli[...]

July market statistics in Northern Virginia. Image courtesy Northern Virginia Association of Realtors
Aug 16, 2024

NoVa, Hampton Roads home sales rise in July

Home sales in Northern Virginia and Hampton Roads rose year-over-year in July, while inventory as measured by active listings rose year-over-year and month-over-month for both. Both regions also saw median sales prices rise from the previous year but drop from June prices. Northern Virginia July home sales in Northern Virginia r[...]

Trinity Centre. Photo courtesy Finmarc Management
Aug 16, 2024

Four office buildings in Centreville sell for $39M

A portfolio composed of four office buildings in Centreville sold for $39.36 million, the buyer announced Monday. Located at 5860, 5870, 5875 and 5885 Trinity Parkway, the four buildings have almost 500,000 square feet of Class A commercial office space. Two six-story buildings, 5860 and 5870 Trinity Parkway, have nearly 152,000[...]

An aerial view of land that includes a blue water tower
Aug 9, 2024

Va. localities win $126M in grants for industrial sites

Gov. Glenn Youngkin this week announced $126 million in Virginia Business Ready Sites Program development grants to fund work on 23 industrial sites in the commonwealth. Virginia’s growing inventory of project-ready sites was a factor in CNBC naming the commonwealth America’s Top State for Business in July, Gov. Youngkin not[...]

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