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Real Estate

4461 Cox Rd. Photo courtesy Cushman & Wakefield | Thalhimer
Sep 25, 2020

Office building in Henrico County sells for $5.85M

An office building in Henrico County has sold for $5.85 million, Cushman & Wakefield | Thalhimer announced Wednesday.  Located at 4461 Cox Rd. in the Innsbrook Corporate Center, the 70,000-square-foot office building was approximately 50% occupied at the time of the sale, with printing software company TriMech as the main t[...]

Sep 25, 2020

NoVa home sales increase during August

Northern Virginia home sales increased during the month of August, according to a report released Wednesday from Chantilly-based Long & Foster, the largest privately owned real estate company in the nation. Alexandria saw the largest increase, at 32%, followed by Arlington and Loudoun counties, which both increased by 15%. Although inventory fell throughout most of […]

Americas Best Value Inn Norfolk. Photo courtesy Marcus & Millichap
Sep 25, 2020

Norfolk inn sells for $1.65M

The Americas Best Value Inn Norfolk has sold for $1.65 million, commercial real estate brokerage firm Marcus & Millichap announced Friday.  Built in 1959, the 62-room property sits on a one-acre lot at 1850 E. Little Creek Rd. in Norfolk. Maharishi Dayanand Investment Inc. sold the property to Parmeshwari LLC through a 1031[...]

Sep 24, 2020

State rent, mortgage relief program expands to aid landlords

Gov. Ralph Northam announced Thursday the expansion of the state’s Rent and Mortgage Relief Program (RMRP) to include financial assistance for landlords. The RMRP was launched in late June with $50 million in federal CARES Act funding to assist households facing eviction or foreclosure due to COVID-19. Landlords can now apply to receive financial assistance […]

Rosslyn City Center. Photo courtesy American Real Estate Partners
Sep 23, 2020

Arlington’s Rosslyn City Center getting $35M renovation

A $35 million renovation project at Rosslyn City Center in Arlington will transform an 84,000-square foot space into a place for all-day dining, working and socializing, real estate lender American Real Estate Partners (AREP) announced Wednesday. AREP will complete the renovation at 1700 N. Moore St., where DMK Restaurants co-fo[...]

Sep 21, 2020

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. […]

Cascades Village Senior Apartments. Photo courtesy Greysteel
Sep 21, 2020

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[...]

290 Peppers Ferry Road. Photo courtesy Cushman & Wakefield | Thalhimer
Sep 21, 2020

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[...]

Infographic courtesy REIN
Sep 14, 2020

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[...]

11818 Rock Landing Drive. Photo courtesy Cushman & Wakefield | Thalhimer
Sep 14, 2020

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[...]

Rendering courtesy EYA
Sep 14, 2020

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 [...]

Christine Gustafson. Photo courtesy The Breeden Co.
Sep 9, 2020

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[...]

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