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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[...]
Capital Square names CFO
Henrico-based real estate investment company Capital Square has named Donna Sperounis as its chief financial officer, the company announced Wednesday. Sperounis has 22 years of real estate experience and joins Capital Square from Dakota Partners, where she was chief financial officer and chief operating officer. While there, she increased cashflow by 50%, maximized tax incentives […]
Henrico shopping center sells for $13M
Gold’s Gym Plaza in Henrico County has sold for $13 million. The 124,275-square-foot shopping center at 8900 W. Broad St. has five buildings of retail and is 100% leased. Anchors Regal Cinemas and Gold’s Gym have occupied space at the property for 40 and 19 years, respectively. Charlottesville-based Seminole Trail Annex LLC bought the property […]
Bon Secours medical center in Chesterfield County to expand
Bon Secours St. Francis Medical Center in Chesterfield County, near Midlothian, will undergo a $108 million renovation and expansion and Skanska USA will do the work on it. The construction will include renovations to existing spaces and adding two floors above the existing surgical department on the second floor, according to S[...]
Metro releases 10-year strategic plan for development
The Washington Metropolitan Area Transit Authority, which runs Metrorail and Metrobus, released its first-ever strategic plan for joint development on Thursday, announcing an ambitious initiative to bring in 26,000 new housing units in Virginia, Maryland and Washington, D.C. The document says that 40 Metro stations — including[...]
