Sign In
Free Newsletter
Capital Square promotes asset management execs
Henrico-based real estate investment firm Capital Square has promoted Chris Hirth to senior vice president of asset management and Jerad Nielsen to vice president of asset management, the company announced Tuesday. Hirth joined the firm in 2016 as an asset manager and is responsible for oversight of Capital Square’s portfo[...]
Lingerfelt sells Va. Beach hotel for $82M
Richmond-based commercial real estate investment firm Lingerfelt Commonwealth Partners LLC has sold the Delta Hotel by Marriott Virginia Beach Bayfront Suites for $82 million to New York-based Black Pearl Capital, Lingerfelt announced June 17. Lingerfelt Commonwealth Partners acquired the hotel in 2018 for $19 million and comple[...]
VCU buys former Va. ABC property for $16M
Virginia Commonwealth University on Friday purchased the former Virginia Alcoholic Beverage Control Authority’s former central office and warehouse at 2901 Hermitage Road in Richmond for approximately $16 million, according to Virginia ABC. The sale of the 292,285-square-foot warehouse was included in the state operating b[...]
ACI expands Hampton Roads footprint
Richmond-based Atlantic Constructors Inc. is expanding its presence in Hampton Roads with a new 39,000-square-foot facility in Suffolk and 75 new jobs, the company announced June 2. Previously, ACI had three small offices in Hampton Roads, and the company has consolidated two of them into a larger, more modern facility, a compan[...]
Blacksburg apartments sell for $4.75M
Ridgeview Apartments in Blacksburg have been sold for $4.75 million, Cushman & Wakefield | Thalhimer announced Thursday. The 96-unit community is located at 768 Triangle St. in Blacksburg. Ridgeview Apts. Land Trust sold the community to GFI Ridgeview LLC, which intends to renovate the units. Clay Taylor of Cushman & Wak[...]
The Breeden Co. names brand and development manager
The Breeden Co. has named Richard George its brand and development manager, the Virginia Beach company announced June 6. George will be responsible for maintaining brand integrity across all corporate and divisional marketing initiatives and communications, but will also oversee business functions including communication channel[...]
Va. Beach office building sells for $12.15M
Windwood Centre, a four-story Class A office building in the Lynnhaven area of Virginia Beach, has been sold for $12.15 million, Divaris Real Estate Inc. announced Wednesday. CCP Commercial Real Estate sold the 78,619-square-foot building, located at 780 Lynnhaven Parkway, to Charlottesville-based Seminole Trail Management. Tena[...]
Norfolk warehouse sells for $9M
A warehouse in Norfolk has been sold for $9 million, Cushman & Wakefield | Thalhimer announced June 6. Selko Real Estate Ventures LLC purchased the 109,609-square-foot industrial building from NorfolkCo LLC as an investment. The property is leased to American Tire Distributors (ATD) as the company’s Hampton Roads tire [...]
Va. Beach post office building sells for $5M
A 29,813-square-foot property leased to the U.S. Post Office in Virginia Beach has been sold for $5 million. U.S. Post Office Acredale-Annex at 1700 Centerville Turnpike was built in 2000 and was sold by Faith Irrevocable Trust to Postal Realty Trust. The property is on a 25-year net-leased structure with the tenant. Michael J. [...]
Winmar Construction moves HQ to Reston
Winmar Construction has moved its corporate headquarters from Washington, D.C., to Reston, signing a 7,000-square-foot lease at 2100 Reston Center Parkway. The general contractor has 40 employees in the seven-story building in Reston but will still have a presence in Washington, D.C., at 1010 Wisconsin Ave. The company also has [...]
Amazon closes $198M PenPlace purchase from JBG Smith
Amazon.com Inc. has acquired the 11-acre PenPlace development site, part of its HQ2, its East Coast headquarters, from Bethesda, Maryland-based JBG Smith Properties for $198 million, JBG Smith announced Monday. Arlington County in April approved the 3.3 million square feet of office space spread across three 22-story buildings[...]
CBRE moving NoVa office to The Boro in Tysons
CBRE Group Inc. has signed a lease for 24,108 square feet at The Boro tower in Tysons, the firm announced June 1. In the first quarter of 2023, CBRE will move its Northern Virginia office from International Drive in Tysons to occupy the entire 11th floor of The Boro, at 8350 Broad St. The new […]
