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Commercial real estate firms confident they can weather pandemic
Faced with the coronavirus pandemic, Virginia-based commercial real estate firms say they’re pausing transactions in the short term, but are still moving forward with long-term development plans. The firms are also turning their focus toward supporting tenants and landlords through financial difficulties caused by the cris[...]
Richmond developer raises $7M for apartment building in Scott’s Addition
Capital Square Realty Advisors LLC, a Henrico County-based real estate investment and management company, announced Monday that it has raised $7 million from investors for a five-story, 80-unit apartment building in the city’s popular Scott’s Addition neighborhood. Scott’s Collection I, which will be located on[...]
JBG Smith gets green light for 300-foot-tall apartment towers in Crystal City
Bethesda, Maryland-based developer JBG Smith Properties has secured the final permissions from Arlington County for two, 300-foot-tall apartment towers in Crystal City near where the real estate company is developing and leasing space for Amazon.com Inc.’s $2.5 billion HQ2 East Coast headquarters. The mixed-use development[...]
Six Virginians dead from COVID-19; cases rose 44% in 24 hours
The Virginia Department of Health announced the deaths of three more Virginia residents Sunday, bringing the number of COVID-19 fatalities in the commonwealth to six people. The three patients lived in the Peninsula District and were women in their 80s, according to a VDH news release. One woman lived in a long-term care facilit[...]
The Community Foundation debuts $3M fund to aid nonprofits
Richmond-based nonprofit The Community Foundation is partnering with the Emergency Management Alliance of Central Virginia and PlanRVA to create a regional emergency response fund to support Richmond-area nonprofits responding to the impact of COVID-19. The $3 million Central Virginia COVID-19 Response Fund was seeded with a $500,000 contribution from The Community Foundation and will be […][...]
UPDATED: Six Virginians have died from COVID-19; Va. cases climb to 220
UPDATE, 5 p.m., Sunday: The Virginia Department of Health announced the deaths of three more Virginia residents Sunday, bringing the number of COVID-19 deaths in the state to six people. The three patients lived in the Peninsula District and were women in their 80s, according to a VDH news release. One woman lived in a […[...]
Va. COVID-19 cases rise 33% in 24 hours
As of Saturday, March 21, Virginia has 152 confirmed cases of COVID-19 — a 33% increase from the day before, the Virginia Department of Health announced during a news briefing Saturday. Additionally, the state revised its COVID-19 testing criteria to prioritize health care workers and first responders caring for patients with [...]
Henrico nursing home has 4 coronavirus patients, 3 more pending
Four residents at Canterbury Rehabilitation & Healthcare Center in Henrico County tested positive for coronavirus in the past 48 hours and three more residents who are exhibiting COVID-19 symptoms are being tested, the nursing home announced Friday afternoon. “Per guidance from the Henrico County Health Department, all seven patients are currently being treated onsite in […]
Sterling biotech firm launches COVID-19 test
Sterling-based biotech company Aperiomics has launched a COVID-19 test available for to medical providers nationwide for $250 per sample. Aperiomics says it has the capacity to process and deliver results on 1,000 tests per week. The company says it can turn around results from its Xplore-COVID-19 tests within 48 to 72 hours of receiving a […]
Daleville shopping center sells for $8M
Botetourt County shopping center Orchard Marketplace has sold for $8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Club Forest Guardian LLC purchased the 46,552-square-foot property from Orchard Anchor LLC and New Orchard Marketplace LLC on March 10. The property was 100% leased at t[...]
Va. now has 100+ cases as COVID-19 spreads statewide
As of Friday, Virginia has 114 confirmed cases of COVID-19, which now has spread to every region of the commonwealth, State Health Commissioner Dr. M. Norman Oliver confirmed during the state’s daily coronavirus news conference. “We do not have a medicine for COVID-19. We do not have a vaccine,” Oliver said. “[...]
Federal tax filing deadline moved to July 15
Due to the COVID-19 pandemic, the federal government has moved tax filing deadlines from April 15 to July 15, U.S. Secretary of the Treasury Steven Mnuchin announced Friday in a pair of tweets. Virginia state tax returns are still due on May 1, but the state is granting a one-month extension for payment of individual […]
