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Real Estate

Jan 24, 2020

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 […][...]

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Jan 23, 2020

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[...]

Matt Huff
Jan 21, 2020

Roanoke’s Poe & Cronk Real Estate Group names new president

Roanoke-based commercial real estate agency Poe & Cronk Real Estate Group has promoted Matt Huff as its new president, Poe & Cronk announced Tuesday. Huff joined Poe & Cronk in 2008 and in 2015 became the firm’s first executive vice president and chief operating officer. He succeeds Dennis Cronk, who will serve[...]

Jan 20, 2020

San Francisco firm acquires Va. Beach apartment complex

San Francisco-based real estate firm Hamilton Zanze (HZ) acquired the Indigo 19 apartment community in Virginia Beach in a deal that closed on Jan. 14. The five-story apartment community located at 1940 Pavilion Drive, in close proximity to the Virginia Beach boardwalk, includes 196 units — each averaging 931 square feet. At the time of […]

Mid-Atlantic CCIM Chapter names new president
Jan 20, 2020

Mid-Atlantic CCIM Chapter names new president

The Mid-Atlantic Certified Commercial Investment Member (CCIM) Chapter has elected Heather Placer of Richmond-based real estate agency Shaheen, Ruth, Martin & Fonville as its chapter president, the organization announced Friday. There are more than 13,000 members in 50 CCIM chapters globally — each focused on networking an[...]

Jan 17, 2020

Herndon office buildings acquired near Amazon Web Services

A joint venture between Washington, D.C.-based real estate company Goodstone LLC and New York City-based investment company Waterfall Asset Management secured $49.625 million in debt financing from Bridge Investment Group LLC to acquire and renovate two office buildings in Herndon adjacent to Amazon Web Services’ East Coast headquarters. The Northridge I and II buildings, two […]

Jan 17, 2020

Atlantic Union Bank sells Fredericksburg building for $3.575M

Atlantic Union Bank sold one of its Fredericksburg office buildings for $3.575 million but will continue occupying the first floor, leasing it from the new owner, Cushman & Wakefield | Thalhimer announced this week. The 21,594-square-foot property located at 4805 Lassen Lane in Spotsylvania County is situated on approximately 2.24 acres located directly off U.S. […]

Tony Smith
Jan 14, 2020

Colliers Virginia names boards of directors

Colliers Virginia — part of Colliers International Group Inc. — has appointed members to its two boards of directors overseeing Colliers’ five regional offices in Virginia, the company announced Tuesday. The regional company has a national board of directors comprised of three senior leaders from Colliers International[...]

Harrisonburg retail center on University Avenue
Jan 14, 2020

Harrisonburg retail center sells for $5.275M

A retail center in Harrisonburg adjacent to James Madison University has sold for $5.275 million, Harrisonburg-based commercial real estate brokerage Cottonwood Commercial announced Tuesday. Tenants at the 11,900-square-foot retail strip on University Avenue include Buffalo Wild Wings, BurgerIM, Sports Nutrition and Dunkin’[...]

CoStar office building rendering
Jan 13, 2020

CoStar plans doubling Richmond workforce as part of Navy Hill development

CoStar Group, the Washington, D.C.-based commercial real estate analysis company, announced Monday it plans to build a 400,000-square-foot building in downtown Richmond, doubling its local workforce, as part of the proposed $1.5 billion Navy Hill development. CoStar would double its number of employees to 2,000 in Richmond, wher[...]

The Campbell Building
Jan 13, 2020

Henrico office building sells for $6.3M

A Henrico County office building, the Campbell Building, sold for $6.3 million to Atlanta-based B&C CCPB LLC, Canada-based real estate company Colliers International announced Monday. The 55,920-square-foot class B office building is located at 8002 Discovery Drive in the Forest Avenue office corridor. HCA Healthcare’s[...]

Springwood Park Retail Center
Jan 10, 2020

Roanoke shopping center sells for $2.8M

Roanoke’s Springwood Park Retail Center has sold for $2.8 million, Roanoke-based Poe & Cronk Real Estate Group announced Friday. The shopping center at 3214 Electric Rd. is a 19,200-square-foot mixed use building used for retail and office space. Springwood Park was 98% leased at the time of the sale and its tenants in[...]

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