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Real Estate

Jul 29, 2022

The Breeden Co. restructures property management division

The Breeden Co., a Virginia Beach-based real estate development firm, is restructuring its property management division. Barry Tomlin, vice president of property management at The Breeden Co. in Virginia Beach, will leave the company Aug. 5, Breeden announced last week. Tomlin has been with Breeden since 2007. “Over the last 10 years, we have created […]

Albemarle retail building sells for $2.3M
Jul 29, 2022

Albemarle retail building sells for $2.3M

Woodhaven Development Group LLC purchased a 3,204-square-foot retail building in Albemarle County from First Citizens Bank & Trust Co. for $2.3 million. The property is located at 1815 Fortune Park Road in Albemarle and will be redeveloped. The building is on 1.35 acres of land off U.S. Route 29 near the Charlottesville-Albe[...]

Kate Pittman (L) is executive director of the nonprofit that promotes and supports Virginia Beach’s ViBe Creative District, the trendy area co-founded by Andrew Fine and Laura Wood. Marked by colorful murals and artwork, the district features a mix of art galleries, retailers, coworking space, restaurants, breweries and coffee shops. Photo by Mark Rhodes
Jul 28, 2022

Creating community vibes

In Virginia Beach, most tourists flock to the Oceanfront. But just a couple blocks west, you’ll find an area that feels a little more artsy and a lot more local. In the 15-block ViBe Creative District, situated between the Virginia Beach Convention Center and the Oceanfront, coffee shops and restaurants operate out of form[...]

A new look at Va. Beach’s Atlantic Park
Jul 28, 2022

A new look at Va. Beach’s Atlantic Park

The $350 million Atlantic Park surf park development planned for Virginia Beach’s Oceanfront will start construction in October or early November, developers told Virginia Business this week. Virginia Beach-based Venture Realty Group also shared new renderings of the project, which Venture has been co-developing with musi[...]

Jul 25, 2022

Bowman Consulting acquires California firm

Reston-based engineering services firm Bowman Consulting Group has acquired San Diego-based Project Design Consultants, the company recently announced. Founded in 1976, PDC has 65 employees and provides civil engineering, surveying, planning and landscape architecture to clients in Southern California. “PDC presents a compelling opportunity for Bowman to advance our market expansion and service diversification initiatives,” [&hellip[...]

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Jul 25, 2022

Va. housing market sees sharp drop in sales

The housing market is cooling off, compared to a year ago. Home sales in Virginia dropped by nearly 19% in June, compared to sales in June 2021, the sharpest drop in the housing market since the beginning of the pandemic, Virginia Realtors reported Friday. In June, 13,324 homes were sold in Virginia, which is 3,208 fewer [&hell[...]

Alexandria bank buys building, brings employees together
Jul 22, 2022

Alexandria bank buys building, brings employees together

Burke & Herbert Bank & Trust Co. has acquired a $22 million office building in Alexandria to bring many of its employees together under one roof. The Alexandria-based bank announced July 11 that it had bought the 110,047-square-foot office building at 5680 King Centre Drive. The seller was not disclosed. The bank will br[...]

The Trails at Short Pump
Jul 22, 2022

Capital Square acquires The Trails at Short Pump

Henrico County-based real estate investment firm Capital Square has acquired The Trails at Short Pump, a 350-unit apartment community in western Henrico, the company announced Tuesday. Located at 3900 Acadia Lane, the nearly 32-acre property offers one-, two- and three-bedroom units averaging 878 square feet each. The acquisitio[...]

Colonial Heights shopping center sells for $5.45M
Jul 15, 2022

Colonial Heights shopping center sells for $5.45M

Q&L Realty LLC has purchased the Southpark Square Shopping Center in Colonial Heights from the Colonial Heights Land Associates Limited Partnership for $5.45 million, Divaris Real Estate Inc. announced Thursday. The 35,705-square-foot retail shopping center is located at 1829-1865 Southpark Blvd. in Colonial Heights. The sho[...]

Jul 15, 2022

Bowman hires longtime client as Leesburg manager

Bowman Consulting Group Ltd. has named Gary VanAlstyne as the company’s branch manager and principal at its Leesburg office. VanAlstyne brings more than 30 years of experience in construction and development to Bowman, with which he had worked closely as a client since 2000. He previously served as vice president of Fairfax-based Davis Utility Consulting […]

Chesapeake office building sells for $11M
Jul 15, 2022

Chesapeake office building sells for $11M

Investment group Gracestone Investments LLC has purchased an 81,318-square-foot office building in Chesapeake from GSI Inc. for $11 million, Cushman & Wakefield | Thalhimer announced July 5. The property, located at 850 Greenbrier Circle, is 100% leased to Canon U.S.A. Inc. Rob Wright of Cushman and Wakefield | Thalhimer bro[...]

Cortland completes $1B investment in Arlington
Jul 15, 2022

Cortland completes $1B investment in Arlington

Cortland, an Atlanta-based multifamily real estate investment, development and management company, has completed its initial round of apartment acquisitions in Arlington with the purchase of Evo Rosslyn, a 27-story apartment building. The purchase is part of a $1 billion investment in multiple Arlington apartment communities, fi[...]

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