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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.
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.
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.
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.
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.
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 [...]
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 [...]
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
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
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 [...]
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[...]
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[...]
