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Norfolk office building sells for $2M
A 15,000-square-foot office building in Norfolk sold for $2 million, real estate and investment management company Colliers International announced Feb. 3. Constructed in 2007, the two-story building is located directly off Military Highway at 5665 Lowery Road. The Janaf location of The Therapy Network is currently a tenant an[...]
Alexandria Housing Development Corp. buys Avana Apartments for $106M
Alexandria Housing Development Corp. (AHDC) has acquired the former 326-unit Avana Alexandria Apartments for $106 million in an effort to provide affordable housing as rents and sales prices rise in anticipation of Amazon.com Inc.’s HQ2 East Coast headquarters, which is under development in nearby Arlington. The acquisition, which closed on Jan. 28, marks the first […]
Sterling office complex sells for $15.375M
An affiliate of Baltimore, Maryland-based commercial real estate firm Klein Enterprises purchased a 95,282-square-foot office complex in Loudoun County’s Sterling area for $15.375 million, commercial real estate company Avison Young, which negotiated the sale, announced Monday. The property is located at 45745 Nokes Blvd. [...]
Former Chesapeake restaurant building sells for $1.45M
A former Chesapeake restaurant building was sold for $1.45 million, real estate agency Cushman & Wakefield | Thalhimer announced Wednesday. The 5,022-square-foot building sits on more than two acres of land at 401 Cedar Commons in Chesapeake located in close proximity to the Chesapeake Golf Club. Matthews, North Carolina-based SXCW Properties II LLC purchased the […]
Boys & Girls Clubs of Metro Richmond purchases former shopping center for $1.025M
The Boys & Girls Clubs of Metro Richmond purchased the former Eastlawn Shopping Center in Richmond’s East End for $1.025 million and will convert it into a center for the clubs’ programming, the organization announced Monday. The youth nonprofit purchased the facility from the Richmond Redevelopment and Housing Authority in 2019 using funds from the […]
Newport News Redevelopment and Housing Authority names vice chairman
Kenneth D. Penrose Jr. has been elected as vice chairman for the Newport News Redevelopment and Housing Authority for the 2020-year term, commercial real estate firm Cushman & Wakefield | Thalhimer announced Jan. 28. Penrose has been with Cushman & Wakefield | Thalhimer since 2000. He currently serves as vice president of commercial sales and […]
The Land of OZ
Anybody up for pickleball? Barrett Worthington and Megan Charity hope so. Business partners based in Charlottesville, Worthington and Charity are among Virginia’s opportunity zone pioneers. They hope to build an $8 million entertainment complex called Rally, containing a restaurant, beer garden and courts for pickleball — a [...]
Colliers International promotes three employees to exec leadership
Commercial real estate firm Colliers International’s Richmond office has promoted three employees to executive leadership positions, the company announced Friday. Will Bradley has been promoted to executive vice president. Bradley leads the Richmond office and the industrial investment sales team, specializing in instituti[...]
Cushman & Wakefield | Thalhimer announces leadership promotions
Cushman & Wakefield | Thalhimer announced on Friday two senior vice president promotions, six first vice president promotions and four vice president promotions. Isaac DeRegibus has been promoted to senior vice president. DeRegibus has been with Thalhimer’s Richmond office since 2011 and specializes in industrial and off[...]
Reston Business Campus sells for $13M
The four-building Reston Business Campus on Pinecrest Drive in Reston has sold for $13 million, according to the seller, Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. The campus was purchased by 10th Street LLC and totals approximately 83,000 square feet. The four buildings were part of a larger [...]
Cville’s Castle Hill Gaming signs new HQ lease
Charlottesville-based slot-machine-gaming software developer Castle Hill Gaming signed the lease for its new 20,000-square foot headquarters in Albemarle County, where it will be the anchor tenant in the $45 million Stonefield mixed-use development. Washington, D.C.-based real estate firm The Bernstein Companies is funding the development via its OPZ Bernstein Opportunity Fund. Construction has yet to be […][...]
Developer expects to break ground soon on luxury apartments in Richmond
Construction will start this spring on a six-story luxury apartment building in downtown Richmond geared toward young professionals, New York-based developer Goodstein Development Corp. announced Thursday. Goodstein plans to break ground at 507 E. Main St. in the next two months and complete the project by spring 2021, according[...]
