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Henrico townhouse complex sells for $18.5M
The Townhomes of Oakley, a 160-unit multifamily property in eastern Henrico County, has sold for $18.5 million, Cushman & Wakefield announced Thursday. Located at 4633 Needham Court near the Richmond International Airport, the property is 99% leased and has eight one-bedroom units, 112 two-bedroom units, 36 three-bedroom units and four four-bedroom units, all of which […]
CoStar Group buys former SunTrust building in Richmond
CoStar Group Inc. has expanded its Richmond footprint with the $20 million purchase of the former SunTrust office building on the James River. The five-story, 117,448-square-foot building at 901 Semmes Ave. will be occupied by at least 400 employees, however the company has not determined which teams will occupy the space yet, a[...]
89 acres near Richmond airport sells for $4.78M
New York-based real estate company Ashley Capital has purchased 89 acres of land near Richmond International Airport in Henrico County for $4.78 million, Cushman & Wakefield | Thalhimer announced April 27. The land, at 7001 S. Laburnum Ave., had been owned by Pruitt Properties Inc. The new owner will use the land for a new […]
Caesars Virginia names Danville casino contractor
Caesars Virginia has named Baltimore-based Whiting-Turner as the general contractor to build its $500 million resort and casino in Danville, Caesars Entertainment announced Monday. The resort will have a 500-guestroom hotel, a casino with more than 1,400 slot machines and table games, a Caesars sportsbook and a World Series of P[...]
March NoVa home sales down 4.9% from 2021
Northern Virginia saw fewer home sales last month compared with March 2021 due to low inventory and higher rates, according to a Northern Virginia Association of Realtors report published Friday. The market saw a 4.9% decline in home sales over March 2021, not far off from the 4.5% drop nationwide. “I expect that rapid price [[...]
Fairfax County retail portfolio sells for $200M
A portfolio of retail buildings in Fairfax County’s Kingstowne community has sold for $200 million, Avison Young’s Capital Markets Group announced Thursday. The portfolio has 410,398 combined square feet of retail space anchored by Safeway and Giant supermarkets and includes part of Kingstowne Towne Center and of Kingsto[...]
Capital Square hires chief comms officer
Capital Square has hired Jacqueline Rogers as chief communications officer, the Henrico County-based real estate investment firm announced Monday. Rogers most recently served as head of brand program management at Amazon Music. In her new role, she will oversee branding, marketing, investor relations, communications, strategy an[...]
39% of metro D.C. workers are back in the office
During the week of April 6, offices around the country had the highest number of workers back at their desks since March 2020, according to Falls Church-based Kastle Systems, which is tracking office occupancy data for 10 major cities, including the metro Washington, D.C., region. During the first week in April, an average of 43[...]
Sturtevant to leave Virginia Realtors for Bright MLS
Lisa Sturtevant, chief economist for Glen Allen-based Virginia Realtors, will join Bright MLS in May, Virginia Realtors announced earlier this month. Sturtevant has served as chief economist for the statewide Realtor organization since January 2020 and will continue consulting when she begins her new role. Rockville, Maryland-ba[...]
Va. construction contractor upsizes Roanoke office
Chesterfield County-based commercial and industrial contractor Atlantic Constructors Inc.’s Roanoke team moved this month into a renovated building double the size of its previous office and shop/warehouse space. The building at 1302 Rockland Ave. NW is 32,000 square feet. Property records show that ACI Suffolk LLC purchased t[...]
Norfolk mobile home parks sell for $9.75M, $6.4M
Two mobile home parks in Norfolk have sold, one for $9.75 million and one for $6.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Thursday. Located at 6659 E. Virginia Beach Blvd., Smitty’s Mobile Home Park consists of 136 pad sites on about 12.3 acres. Bonaventure bought the property from Hen[...]
Capital Square acquires Williamsburg apartments for $70M
Henrico-based real estate investment firm Capital Square has acquired a 207-unit apartment complex in Williamsburg, the company announced April 12. Capital Square acquired Sterling Manor, a five-building luxury apartment complex with townhomes and garden-style apartments, from Chaucer Creek Capital for $70 million, a company spo[...]
