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Changing times
Town houses and apartments, storefronts and restaurants, grassy medians, pocket parks, sidewalks everywhere. Doesn’t this look a lot like a downtown? Picking up his mail in slippers and shorts on a brisk January day, Tandy Harris pauses to consider the question. “It does,” he agrees. “It’s got all the bells and whistle[...]
Roanoke office park sells for $3.2M
The Northpark Business Center in Roanoke County sold for $3.2 million on Feb. 17, Roanoke-based Waldvogel Commercial Properties Inc. announced this week. The 34,318-square-foot office park is located at 6701-6711 Peters Creek Road and was sold by Mechanical Development Co. Inc. The property consists of two single-story buildings that were more than 50% occupied at […]
Bedford shopping center sells for $8.4M
A shopping center in Bedford has sold for $8.4 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Monday. Bedford Plaza is a 112,649-square-foot retail center that has tenants including Dollar Tree, Goodwill, Tractor Supply, Virginia ABC, the Virginia Department of Motor Vehicles, among restaurants [...]
Amazon signs lease on PBS HQ space in Arlington
Amazon.com Inc. has signed a lease with its HQ2 landlord and developer JBG Smith Properties for a 272,000-square-feet building in Arlington that has served as the headquarters for the Public Broadcasting Service (PBS) since 2006. The e-commerce giant expects to move into the space at 2100 Crystal Drive by the end of 2020. PBS will […]
$32.4M apartment complex coming to Scott’s Addition
A $32.4 million, 350-unit apartment complex will be built in the Scott’s Addition neighborhood in Richmond, Glen Allen-based real estate investment group Capital Square 1031 announced Tuesday. The project will be developed by CSRA/GS Opportunity Zone V LLC at 1601 Roseneath Road, which is a designated opportunity zone in the c[...]
Building in Ashland’s Northlake Business Park sells for $9.1M
The Creative Office Environments building in Ashland has sold for $9.1 million to New York City-based One Liberty Properties Inc., Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. The 88,003-square-foot property is located at 11798 N. Lakeridge Parkway in Ashland and is the headquarters for workpl[...]
Tryko Partners acquires three Va. nursing facilities
New Jersey-based property management company Tryko Partners LLC has acquired three Cambridge Healthcare Services nursing facilities in Virginia and plans to invest approximately $9 million in renovations and programming at the facilities, Tryko announced Monday. Financial terms of the transaction were not disclosed. The faciliti[...]
Reston-based Stanley-Martin to acquire Essex Homes
Reston-based construction company Stanley-Martin Communities LLC will acquire the home-building assets of Lexington, South Carolina-based home-building company Essex Homes in North Carolina and South Carolina in a deal expected to close by the end of the month. Financial terms of the transaction were not disclosed. Stanley-Martin — a subsidiary of a Japanese firm, Daiwa House […]
Bill allows renters to make certain repairs if landlord doesn’t respond
CORRECTION: THIS WIRE STORY HAS BEEN UPDATED. The original version incorrectly stated the party affiliation of state Sen. John Bell. RICHMOND, Va. — A bill that gives tenants the power to make repairs on their property and deduct the costs from their rent, with conditions, recently passed the Virginia Senate and is expecte[...]
Former Va. Dept. of Emergency Management building sells for $2.7M
The former headquarters of the Virginia Department of Emergency Management (VDEM) has sold for $2.7 million to Trade Court Associates LLC, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The two-story, 31,825-square-foot building is located on Trade[...]
Three-building office portfolio in Chesapeake sells for $8.4M
Three office buildings in Chesapeake have sold for $8.4 million, according to an announcement Thursday from Toronto, Ontario, Canada-based commercial real estate company Colliers International. The three-building portfolio in the Greenbrier submarket was sold by Virginia Beach-based Davenport Group Real Estate Inc./Lefcoe Develo[...]
VHDA gives Alexandria apartment complex $83M mortgage loan
The Virginia Housing Development Authority has given a nearly $83 million mortgage loan to Parkstone Alexandria, an apartment community near Amazon.com Inc.’s incoming HQ2, to support its conversion to affordable housing, Gov. Ralph Northam announced Thursday. The loan is in addition to a $5 million VHDA grant announced earlier. Last month, the Alexandria Housing Development […]
