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Chesterfield industrial building sells for $2.77M
An industrial building in Chesterfield County sold for $2.77 million, Cushman & Wakefield | Thalhimer announced last week. Located at 8801-8899 Whitepine Road, the 28,600-square-foot Adbel Business Village sits on 4.1 acres. SMW Warehouses LLC purchased the property from Harrison & Hine LLC as an investment. Constructe[...]
Virginia Realtors installs 2021 president
Virginia Realtors announced last week it has installed Beth Dalton as the association’s 2021 president. Dalton earned her sales license in 2003 and her associate broker’s license in 2010. She has served as Long & Foster’s managing broker for the Tuckahoe and Centerpointe offices in the Richmond area since 2019, and[...]
Roanoke medical office building sells for $1.3M
A medical office building in Roanoke sold for $1.3 million, Cushman & Wakefield | Thalhimer announced last week. The 27,363-square-foot, three-story Fountain Square building sold to Fountain Square Partners LLC from Johnson Family Investments Corp. The building is located at 1315 2nd Street SW and was constructed in 1973, ac[...]
Rose & Womble president/CEO to retire in June 2021
Virginia Beach-based real estate company Rose & Womble Realty Co. announced last week that its president and CEO, Art Zachary, will retire in June 2021. Zachary started with the company in June 1970. It became Rose & Womble in June 1998. He will continue to serve as chairman of the board and work with the […]
Henrico County announces $2.3B GreenCity arena project
Henrico County officials announced Tuesday plans for a $2.3 billion arena-anchored development, born out of the failed Navy Hill project proposal for downtown Richmond. But with private financing and no projected impact on county taxpayers, the GreenCity development may have a smoother path. Proposed on the 204-acre former Bes[...]
The Branch Group names new CEO
The Branch Group Inc. announced Monday that Donald “Don” Graul will take over as CEO of the Roanoke-based construction company on Dec. 14. With 38 years of industry experience, Graul most recently served as president of construction and connected communities for Centreville-based Parsons Corp. Graul held several roles at Parsons, including executive vice president of […]
Richmond office/retail building sells for $2.1M
A 9,492-square-foot building in Richmond has sold for $2,125,000, Cushman & Wakefield | Thalhimer announced Monday. Across West Broad Street from the Scott’s Addition neighborhood, the office/retail property at 3013-3015 Cutshaw Ave., purchased by 3001 Cutshaw LLC from 3015 Cutshaw Ave LLC, will be converted to an even[...]
Governor’s Inn in Williamsburg sells for $3.05M
The Governor’s Inn, a former 200-room hotel in Colonial Williamsburg, sold for $3.05 million, Cushman & Wakefield | Thalhimer announced last week. Charlottesville-based real estate investment company Castle Development Partners LLC purchased the property from The Colonial Williamsburg Foundation and plans to raze the prope[...]
Chesapeake industrial office building sells for $1.95M
An industrial office building in Chesapeake sold for $1.95 million, Cushman & Wakefield | Thalhimer announced last week. Located at 1017 Wallboard Drive, the 19,500-square-foot office building was vacant at the time of the sale. The property was purchased by Wallboard LLC, a drywall company, from Seahawk Properties LLC, whic[...]
Midlothian office building sells for $1.1M
An office building in Chesterfield County’s Midlothian area has sold for $1.1 million, S.L. Nusbaum Realty Co. announced last week. Located at 1700 Huguenot Road, the 11,830-square-foot office building is 90% occupied by 10 tenants, including a home remodeling company, an attorney’s office and an insurance agent, as well[...]
Calif.-based company buys Sterling apartment complex for $27.15M
An affordable housing complex for seniors in Sterling has sold for $27.15 million, Irvine, California-based Avanath Capital Management announced late last week. Avanath acquired the 150-unit Cascades Village located at 46565 Harry Byrd Highway from Community Village at Sterling LP, according to Loudoun County property records. �[...]
Va. home prices, sales up during October
Home prices in Virginia continued to surge during October due to high demand, low inventory and mortgage rates, according to a report released by Virginia Realtors on Tuesday. Northern Virginia, Central Virginia and Hampton Roads saw median home prices rise by 15% when compared with the same time last year. The median statewide [...]
