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JBG Smith purchases broadband spectrum from FCC
JBG Smith announced Monday it has purchased seven blocks of Citizens Broadband Radio Service (CBRS) spectrum in Arlington County and Alexandria from the Federal Communications Commission, an acquisition that will allow the Bethesda, Maryland-based developer to build a 5G network in the National Landing area, where Amazon.com Inc. is building its HQ2 East Coast headquarters. […]
Sterling affordable housing complex sells for $27.15M
An affordable housing complex in Sterling sold for $27.15 million, commercial real estate investment firm Greysteel announced last week. Located at 46565 Harry Byrd Hwy., the 150-unit Cascades Village Senior Apartments sold to Irvine, California-based Avanath Capital Management LLC, which focuses on acquiring existing affordable[...]
Christiansburg shopping center sells for $3.25M
A shopping center in Christiansburg has sold for $3.25 million, Cushman & Wakefield | Thalhimer announced last week. Located at 290 Peppers Ferry Road, the 9,525-square-foot retail center sold to Collegiate Investment 290 LLC as an investment. Pepper’s Ferry Plaza was owned by Family Peppers Ferry LLC and its tenants inclu[...]
Hampton Roads sees record drop in available homes for sale
Hampton Roads housing inventory was down by nearly 47% in August, compared to August 2019, Real Estate Information Network Inc. (REIN) reported Tuesday. The region’s supply of inventory stood at just 1.97 months in August, which is the lowest recording since REIN began tracking this metric in September 2008. “Simply stat[...]
Newport News office building sells for $3.4M
An office building in Newport News has sold for $3.4 million, Cushman & Wakefield | Thalhimer announced last week. Located at 11818 Rock Landing Drive in the Oyster Point Park area, the 29,092-square-foot Peninsula Professional Building was 100% occupied at the time of the sale. The building is leased to several tenants incl[...]
Construction begins on massive housing development in Reston
Construction began last week on “The Midline,” a residential and commercial community to be located two blocks from the Wiehle-Reston East Metro Station (Silver Line) in Fairfax County, EYA Development LLC announced Sept. 8. It’s anticipated that 80 townhouses will be completed by early 2021, with an additional 35 [...]
The Breeden Co. names corporate marketing, PR director
Virginia Beach-based real estate developer The Breeden Co. announced Wednesday it has hired Christine Gustafson as its corporate marketing and public relations director. With more than 15 years of experience in marketing, Gustafson was most recently the marketing director and print project manager for Chesapeake-based Jones Pr[...]
U.S. nonresidential construction spending fell in July
National nonresidential construction spending fell again in July by 1.2%, according to an Associated Builders and Contractors analysis of data published Tuesday by the U.S. Census Bureau. And ABC Chief Economist Anirban Basu says next year is shaping up to be an especially harsh one for contractors. Spending totaled $809.1 billion for the month of […]
Capital Square names CFO
Henrico County-based real estate investment company Capital Square announced Monday it has hired Austin Griffin as chief financial officer. With more than two decades of experience, Griffin was most recently CFO with The Caton Cos., which oversees operations and assets for nine companies with more than $1 billion in assets. In h[...]
Danville warehouse sells for $1.625M
A warehouse building in Danville has sold for $1.625 million, Cushman & Wakefield | Thalhimer announced last week. Located at 2117 Halifax Road across Route 58 from the Danville Regional Airport, the Limborgh II Warehouse will be used as a manufacturing facility for wood storage sheds and barns. Lowder Builders LLC purchased[...]
Va. Physicians for Women to construct HQ in Midlothian
Virginia Physicians for Women purchased four acres of land for nearly $1.5 million to construct a new headquarters building in Midlothian, commercial real estate brokerage firm NAI Dominion (an office of NAI Global) announced last week. The medical practice purchased the land for the 41,598-square-foot headquarters building from[...]
NoVa housing market continues to recover
Northern Virginia saw an increase in the number of housing units sold in July, according to the Long & Foster Real Estate Market Minute Report released Friday. The report includes data from Alexandria and Arlington, Fairfax, Loudoun and Prince William counties. Alexandria saw the largest increase in units sold at 15%, and also saw the […]
