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Construction underway on $144M Richmond apartment building
Hoffman & Associates and DeBartolo Development broke ground on a $144 million project in Richmond that will add 366 apartments.
Capital One buys $125M property in Tysons
A Capital One-linked entity acquired $125M in Tysons properties across from its headquarters, which is in the Scotts Run area.
US new home sales drop to near 3 1/2-year low in January
US new home sales dropped 17.6% in January to their lowest level since October 2022, impacted by severe winter weather and rising mortgage rates.
Housing market sees gains in February, but Iran war could disrupt momentum
Housing markets in Northern Virginia, Central Virginia and Hampton Roads posted modest year-over-year gains in February.
US pending home sales unexpectedly rebound in February on lower mortgage rates
US pending home sales increased 1.8% in February as mortgage rates declined, but gains may be limited by rising oil prices and inflation fears.
Virginia Business announces Top Projects/Real Estate Deals awards
In July, Virginia Business will introduce its inaugural Virginia Top Projects & Real Estate Deals recognition program, honoring the innovative buildings, facilities and transactions reshaping Virginia’s landscape. (Applications are due April 17 and can be submitted at virginiabusiness.com/event/top-projects/.) Top Proj[...]
VCU hopes to acquire Altria building in Richmond for $150M
Virginia Commonwealth University has signed a letter of intent to acquire Altria Group’s building in downtown Richmond for $150 million.
US single-family housing starts fall in January
U.S. single-family housing starts fell 2.8% in January due to severe winter weather and economic challenges, with permits also declining, signaling weak near-term growth.
Saks to close Tysons Galleria store, laying off 70 workers
Saks Global Enterprises announced that it plans to close its Saks Fifth Avenue store at the Tysons Galleria, laying off 70 employees.
Electrical contractor plans $14M investment for Hanover facility
Rosendin plans a $14 million investment at the Lakeridge Logistics Center in Hanover County, creating 250 jobs.
US existing home sales unexpectedly increase as mortgage rates decline
US existing home sales increased 1.7% in February 2024 due to declining mortgage rates and improved affordability, despite tight supply constraints.
Investor buys Morgan Olson facility in Pittsylvania
An investment buyer purchased the 927,500-square-foot Morgan Olson manufacturing plant at Cane Creek Centre in Pittsylvania County.
