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Five-story apartment complex to be built in Henrico County
A five-story apartment complex will be built at the intersection of Maywill and Thalbro Streets in Henrico County, Cushman & Wakefield | Thalhimer announced Tuesday. Bristol Maywill Partners LLC purchased the 2.1 acres of land for $2 million from 2001 Maywill LLC. The apartment complex will be part of a mixed-use developme[...]
Student housing community to be built near Virginia Tech
A 517,000-square-foot student housing community will be built near Virginia Tech, New York City-based Eyzenberg & Co. announced Thursday. Financial terms of the development have not been disclosed. Charleston, South Carolina-based real estate developer Greystar will develop the 424-unit property on a 11.5-acre lot at 100[...]
Closing time
Virginia Business virtually sat down with Mo Choumil, founder and CEO of Fairfax-based ATG Title Inc., which provides title insurance, escrow services and closing services, to see how real estate closings have been affected by the coronavirus crisis. This is part of an ongoing series of conversations with Virginians about how [...]
Williamsburg apartment complex sells for $26.25M
A 224-unit apartment complex in Williamsburg sold for $26.25 million, New York City-based commercial real estate company Berkadia Commercial Mortgage LLC announced Friday. The Regency at Longhill apartments are located at 5302 Lane Place Drive, which is less than 3 miles from the Warhill Sports Complex, the Williamsburg Premiu[...]
Henrico strip mall sells for $1.5M
Laurel Park Shopping Center in Henrico sold for $1.5 million, Commonwealth Commercial Partners LLC announced Friday. The strip mall located at the corner of Woodman and Hungary Roads encompasses more than 16 acres of land, and is located less than 2 miles from Reynold Community College. The shopping center’s primary retail[...]
Radford University off-campus apartments sell for $36.1M
More than 200 apartment units near Radford University sold for $36.1 million, Richmond-based real estate company One South Commercial announced this week. The buildings bought by Highland Apts I LLC, a special-purpose entity (SPE) associated with Reston-based real estate investment firm Willow Creek Partners. Radford-based devel[...]
Two apartment complexes in Va. Beach sell for $7M+
Two apartment complexes in Virginia Beach have sold for $3.1 million and $4.525 million, respectively, commercial real estate investment company Marcus & Millichap announced this week. The Green Meadows Apartments sold for $3.1 million and the Breezy Meadows Apartments sold for $4.525 million, said Benjamin Yelm, regional ma[...]
Breeden Construction moves HQ, triples office space
Henrico County-based Breeden Construction has moved its headquarters office to an 8,100-square-foot space near Henrico Doctors’ Hospital — tripling its previous office space, the company announced this week. Financial terms of the move were not disclosed. The Class A office space is located at 1700 Bayberry Court, Suit[...]
Roanoke construction company promotes senior VP
Roanoke-based construction company Branch Builds announced Tuesday it has promoted Cathy Underwood to senior vice president and regional business unit leader. Underwood was most recently vice president at the company, and in her new role she will pursue new business opportunities and manage the Roanoke and Charlotte, North Carol[...]
Opportunity Appalachia hopes to match investors, projects
A group of Southwest Virginia community leaders are helping regional entrepreneurs market their ideas to investors as part of Appalachian Community Capital’s multistate Opportunity Appalachia economic development initiative. Through the initiative, Appalachian Community Capital is seeking to match investors to 15 “shovel[...]
Roanoke city real estate made a rebound. What now?
The city of Roanoke‘s real estate values increased by 4.74% last year, the biggest property value increase for the Star City since 2007. Commercial properties’ assessed value jumped by 4.55%. But with the U.S. stock market plummeting to 1987 record lows in March as the coronavirus pandemic disrupted life across the n[...]
Surf park project in Chesterfield moves forward
Phase one of what is being touted as the “world’s largest surf park” is a go in Chesterfield County, and developers and the county have emerged with environmental permits despite a gap in the state’s regulatory framework. The Lake, a 105-acre, mixed-use development between state Route 288 and Genito Road, is set [...]
