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Real Estate

Commanders and Washington agree to a deal to build at RFK Stadium site
Apr 28, 2025

Commanders and Washington agree to a deal to build at RFK Stadium site

Washington’s NFL franchise is set to return to the nation’s capital as part of an agreement between the organization and the District of Columbia government to build on the site of the old RFK Stadium.

Valley Auto Spa was one of many buildings affected by Hurricane Helene in 2024. Photo courtesy Joshua Carroll.
Apr 25, 2025

Flood insurance costs rise with newer risk rating

FEMA manages the National Flood Insurance Program, or NFIP, which supplies flood insurance to the public and businesses through a network of insurance providers. The agency began implementing a rating standard known as Risk Rating 2.0 in October 2021. Critics think the new rating drove up prices.

Lake Taylor Pointe Apartments in Norfolk were completed in April 2025. Image courtesy The Breeden Co.
Apr 25, 2025

The Breeden Co. completes $43M apartment complex in Norfolk

Virginia Beach-based real estate development firm The Breeden Co. announced Thursday that it completed construction on a 198-unit multifamily community in Norfolk, located near Norfolk International Airport.

FILE - A housing development in Cranberry Township, Pa., is shown on March 29, 2024. (AP Photo/Gene J. Puskar, File)
Apr 24, 2025

March home sales slowed in a lethargic opening to the spring buying season

Sales of previously occupied U.S. homes slowed in March, a sluggish start to the spring homebuying season as elevated mortgage rates and rising prices discouraged many prospective home shoppers.

Amazon package
Apr 23, 2025

Richmond warehouse complex with Amazon fulfillment center sells for $97.5M

Stream Realty Partners acquires Richmond warehouse campus for $97.5M and 135-acre Chesterfield site, signaling growing interest in the region.

A rendering of the planned Pembroke Square Tempo building. Rendering courtesy Pembroke Square Associates
Apr 22, 2025

Pembroke Square hotel set to open in 2027, two years late

The seven-story Tempo by Hilton hotel being planned for Virginia Beach’s Pembroke Square development is expected to open in 2027 — about two years later than originally announced. Developers on Tuesday revealed the new construction timeline of the hotel, along with several other updates on the $200 million redevelopment [...]

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Apr 21, 2025

Largest industrial building in Richmond market holds groundbreaking

A massive 846,260 square-foot spec industrial facility under construction in southern Chesterfield County is expected to be ready for delivery before the end of the year. New York-based real estate developer PNK Group began construction on the building at 1640 Ashton Park Drive during the first quarter of this year and hosted a [...]

An industrial warehouse.
Apr 21, 2025

Spotsylvania industrial portfolio sells for $38M

An entity sharing an address with the Pinkard Group, a Washington, D.C., regional real estate investment and development company, has purchased four light industrial and warehouse buildings in Spotsylvania County for $38 million, according to Cushman & Wakefield | Thalhimer. Located in Four Mile Fork Industrial Park, the cou[...]

Average US rate on a 30-year mortgage climbs to 6.83%, highest level since late February
Apr 21, 2025

Average US rate on a 30-year mortgage climbs to 6.83%, highest level since late February

The average rate on a 30-year mortgage in the U.S. climbed to its highest level in eight weeks, a setback for home shoppers in the midst of the spring homebuying season. The rate rose to 6.83% from 6.62% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.1%. Borrowing costs […]

HNTB to move Arlington office in 2026
Apr 18, 2025

HNTB to move Arlington office in 2026

Kansas City, Missouri-based infrastructure and design firm HNTB will relocate its Arlington County office in 2026 to a more expansive space that will increase its footprint by 13,000 square feet. The company says the goal of the move from its current location at Shirlington Tower to 1812 North Moore, the tallest building in the [...]

A man wearing a suit and tie speaks at a lectern placed in front of a bulldozer.
Apr 16, 2025

Campbell breaks ground on $11M shell building

U.S. Rep. John McGuire, R-Goochland, and other officials attended a groundbreaking Tuesday for a 100,000-square-foot industrial building that will be built at Seneca Commerce Park in Rustburg. An $11 million project, the building is the largest initiative undertaken by Campbell County’s Economic Development Department in o[...]

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Apr 15, 2025

Developer withdraws unpopular Pittsylvania data centers proposal

After months of Pittsylvania County residents and business owners speaking against an $8.85 billion data center campus and natural gas power plant proposed for land along Chalk Level Road, the developer announced Monday that it has withdrawn its rezoning application “The company is now evaluating alternative development option[...]

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