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A watershed moment
Only a few months ago, the economies of the historic port city of Norfolk and the greater Hampton Roads region, with which it is inextricably intertwined, were continuing to rebound after emerging from what Old Dominion University’s 2019 State of the Region report has called “the lost decade.” During the period from 2007 t[...]
Norfolk real estate company promotes exec to regional VP
Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Wednesday that it has promoted Debbie Franco to regional vice president. Franco was most recently the regional property manager at the firm, covering the Northern Virginia region. She started her career in real estate at the firm in 2002 as a leasing agent and[...]
Industrial building sells for $2.5M in Richmond
An industrial building in Richmond sold for $2.5 million, Cushman & Wakefield | Thalhimer announced Monday. Located at 2400 Maury St. in Richmond’s Manchester area, the 19,156-square-foot building sits on more than 9 acres of land. The building was previously leased to Esf Trailer Systems LLC, which sold cargo and fl[...]
Va. Beach real estate company names marketing director
Virginia Beach-based real estate company Rose & Womble Realty Co. and its property management arm, Rose & Womble Chandler Property Management announced Monday that it has hired Jennifer L. Mueller as its director of marketing. Mueller was most recently the national account manager for Norfolk-based digital marketing co[...]
Glen Allen-based real estate investment company names regional VP
Glen Allen-based real estate investment company Capital Square announced Monday that it has named Marc Meunier as regional vice president. He will be responsible for sales in the company’s northeast territory. Meunier was most recently the regional vice president for California-based SmartStop Asset Management LLC. In his new [...]
Suffolk office building sells for $8.5M
An office building in Suffolk sold for $8.5 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Located at 7025 Harbour View Blvd. in Bridgeway Commerce Park, Bridgeway Technology Center I is a 123,407-square-foot, single-story office building sitting on 16.03 acres. The office building w[...]
Pandemic housing market has fewer sellers, higher sales prices
Virginia Business virtually sat down with Larry “Boomer” Foster, president of Long & Foster Real Estate, to get the current pulse on the real estate market in Virginia. The most recent data published was reflective of March real estate transactions in Northern Virginia, but Foster shared insight from the most up-to-date [...]
Va. Beach real estate company names senior VP
Virginia Beach-based real estate company Divaris Real Estate Inc. announced Thursday that Brian Devlin will serve as its senior vice president of office leasing and investment sales at its headquarters. Devlin most recently was the senior vice president at Glen Allen-based Commonwealth Commercial Partners’ Norfolk office, bu[...]
American Family Fitness building in Henrico sells for $4.1M
An outparcel building at Virginia Center Commons Mall, which is leased to American Family Fitness, sold for $4.1 million, Norfolk-based real estate company S.L. Nusbaum Realty Co. announced Thursday. The 86,627-square-foot building is located at 10101 Brook Road in Glen Allen and has been leased to American Family Fitness for [...]
The Breeden Co. starts construction on $70M waterfront apartment complex
Virginia Beach-based real estate developers The Breeden Co. began construction this week on a $70 million waterfront apartment complex in the Fort Norfolk area. The Lofts at Front Street will include a 258-unit, five-story apartment complex with studio, one-, two- and three-bedroom units, an internal parking garage and a pedestr[...]
Chester shopping center sells for $4.04M
A shopping center in Chester has sold for $4.04 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Wednesday. The strip mall, Centralia Crossing, is located at 9801 Chester Road and its anchor tenant is Food Lion, which recently extended its lease. The property sold by Berman Kappler Properties was [...]
Va. Beach commercial real estate development company names president
Virginia Beach-based The Runnymede Corp. announced Friday it has named Matthew Fine as president of the family-owned commercial real estate development company. Fine has been on the company’s board of directors for 30 years and managed a Hampton Roads portfolio for 20 years. He is also a founding director of Townebank Norfolk [...]
