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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 […]
Virginia IT consulting company moves headquarters
Information technology consulting company OneGlobe LLC has moved its headquarters from Ashburn to Reston, the company announced Thursday. The headquarters merges the Ashburn and previous Reston locations. Financial terms were not disclosed. The new headquarters is located in the Parkridge Center complex at 10740 Parkridge Blvd. located directly adjacent to Interstate 66. The company was […][...]
Two Ashburn office buildings sell for $46.5M
Two Ashburn office buildings sold for $46.5 million, New York City-based real estate company Newmark Knight Frank announced Tuesday. The buildings at 20130 and 20135 Lakeview Center Plaza are Class A buildings and were purchased by New York City-based investment management company Innovatus Capital Partners. The buildings total [...]
Real estate firm Edge names partners for multifamily capital markets group
Rockville, Maryland-based commercial real estate firm Edge — which has an office in Tysons — named Ryan Ogden and Jared Emery as partners to found the company’s multifamily capital markets group, the firm announced Tuesday. The division will be located at the firm’s Washington, D.C. office. Ogden most recently was senior managing director at the New York […]
Va. Beach’s Croatan Investments adds principal to leadership team
Virginia Beach-based real estate investment company Croatan Investments LLC added Mike Marshall as a principal on its leadership team, the company announced Monday. Marshall was most recently executive managing director for New York City-based real estate company Newmark Knight Frank Inc. (NFK) and has more than 30 years of expe[...]
Henrico apartment complex sells for $28.52M
Millspring Commons Apartment Homes in Henrico County sold for $28.52 million, Los Angeles-based real estate company CBRE Group Inc. announced Feb. 4. Built in 1972, the 159-unit, 165,030-square-foot townhome rental community is located at 9318 Tarheel Terrace adjacent to Staples Mill Road. Washington, D.C.-based property managem[...]
Fredericksburg industrial buildings sell for $4.14M
Manassas Park-based Juliad Holdings LLC purchased two warehouse/industrial buildings in Fredericksburg for $4.14 million, Bethesda, Maryland-based commercial real estate firm Finmarc Management Inc. announced Monday. The buildings comprise 51,000 square feet in Juliad Court, approximately one mile from state Route 17 and Interstate 95, and were leased to four tenants at the time of the […]
Alabama company buys Little Creek Marketplace in Norfolk
Birmingham, Alabama-based property management company Shannon Waltchack’s retail real estate fund, SWNC I LLC, has purchased the Little Creek Marketplace shopping center in Norfolk, S.L. Nusbaum Realty Co. announced Tuesday. The sale price of the transaction was not disclosed. The 49,000-square-foot retail center was 97% lease[...]
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 […]
