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Hampton Roads reports continued seller’s market for homes
The Hampton Roads area was still seeing a tight market for homebuyers in July, according to the Real Estate Information Network Inc.’s latest report on the region. Compared to July 2020, there was a 17.13% decrease in active listings last month, along with higher prices. REIN, using the region’s Multiple Listing Serv[...]
NoVa housing forecast: Still tight for single-family homebuyers
In the Northern Virginia Association of Realtors’ mid-year forecast released Friday, a panel of real estate experts predict a continued tight market for single-family homes and higher residential prices in the second half of the year, but the market appears to be normalizing from last year’s heights. “This year, th[...]
Staunton senior community sells for $4.75M
A senior-living community with 62 one- and two-bedroom apartments in Staunton has sold for $4.75 million, Cushman & Wakefield | Thalhimer announced this week. Formerly a high school built in 1926, Gypsy Hill Place was converted to apartments and commercial space in 2009. Original developer Gypsy Hill Place LLC, represented b[...]
Scott’s Addition property sells for $10.8M in Richmond
A 53,392-square-foot mixed-use property in Richmond has sold for $10.8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Friday. The 1.81-acre plot was sold by an entity co-managed by Richmond-based Fountainhead Development and Lynx Ventures. The building, on 1300 MacTavish Ave. in the Scott[...]
Powhatan shopping center sold for $4.3M
The Maxey Center, a shopping center in Powhatan County, has sold for $4.325 million, S.L. Nusbaum Realty Co. announced Friday. Ruffin Mill LLC, a local investor, purchased the property at 3452 Anderson Highway. The 17,235-square-foot, fully leased shopping center includes tenants Powhatan Medical Associates, Edward Jones, Angela[...]
Metro unveils major Falls Church redevelopment agreement
The Washington Metropolitan Area Transit Authority has signed an agreement to redevelop the West Falls Church Metro Station site as a more than 1 million-square-foot mixed-use development. Construction is expected to begin in 2023. The agreement was reached with FGCP-Metro LLC, a joint real estate development partnership involvi[...]
Roanoke accounting firm sells building for $2.27M
Roanoke accounting firm Brown Edwards has sold its building for $2.275 million, according to a news release. Brown Edwards, which is expanding into a larger space at a local office park, sold the building at 319 McClanahan Ave. to ETS Recruit, which places medical professionals in practices across the country. The accounting fir[...]
W.M. Jordan Co. hires business development manager
W.M. Jordan Co. has hired Erica Viola as the firm’s business development manager, the Newport News-based construction firm announced on Aug. 3. Viola will focus on seeking new business and building relationships across the Hampton Roads region, according to a news release from W.M. Jordan. The Maryland native previously wo[...]
Proposals for Norfolk’s Military Circle Mall redevelopment narrowed to 3
Three groups have submitted full proposals to the city of Norfolk to redevelop Military Circle Mall. In late 2020, Norfolk put out a call for developers to turn the struggling mall into a thriving mixed-use community. The city narrowed the list to four, but on Friday, just three proposals were released by the city, including [&h[...]
30 acres in Chesapeake sells for $3.65 million
Approximately 27.48 acres of industrial-zoned land along the Southern Branch Elizabeth River in Chesapeake sold for $3.65 million, Cushman & Wakefield | Thalhimer announced Wednesday. Agrium U.S. Inc. sold the land, located at 700 Weaver Lane, to Waterway Properties LLC. William C. Throne, a certified commercial investment member, and Robert L. Phillips Jr., both members […]
Harbour View Shoppes property sells for $6.8M
Harbour View Shoppes in Suffolk sold for $6.8 million, Cushman & Wakefield | Thalhimer Capital Markets Group announced Wednesday. The fully leased retail center, located at 5883-5889 Harbour View Blvd., is anchored by Verizon and Starbucks Corp. stores. It sits on 2.63 acres near Interstate 664. A family trust based in North[...]
Williamsburg industrial building sells for $3.47M
The Endeavor Center industrial and distribution building in Williamsburg sold for $3.47 million, Cushman & Wakefield | Thalhimer announced Tuesday. The 70,000-square-foot building, located at 1709 Endeavor Drive in the James River Commerce Center, is a multi-tenant building that sits on 5.61 acres. CTPS LLC bought the buildi[...]
