Sign In
Free Newsletter
Hampton multifamily property sells for $9.25M
Barrington Woods, a 136-unit multifamily property in Hampton, has sold for $9.25 million, Cushman & Wakefield | Thalhimer announced Wednesday. Outlier Realty sold the property, at 607 Michigan Dr. in Hampton, to Los Angeles-based investor DBC Barrington. Clark Simpson and Erik Conradi of Cushman & Wakefield | Thalhimer�[...]
Colliers promotes J. Scott Adams to executive managing director
J. Scott Adams has been promoted from regional president to executive managing director for Colliers’ Virginia and Raleigh, North Carolina, brokerages, Colliers announced Nov. 9. Adams will focus solely on the leadership of all brokerage operations in the region. He will be based in Norfolk but will travel between the Virg[...]
Va. Beach apartment complex sells for $98.5M
Coastline Apartments, a 600-unit apartment complex in Virginia Beach near Virginia Wesleyan University, has been sold for $98.5 million, Northmarq announced Wednesday. Northmarq represented the seller, Arlington-based Blackfin Real Estate Investors, in a joint venture with GMF Capital. The complex is on 36 acres at 631 Lake Edwa[...]
Divaris to be Norfolk’s World Trade Center leasing agent
The new ownership of the World Trade Center in Norfolk selected Divaris Real Estate Inc. (DRE) as its management and leasing agent, the brokerage firm announced Tuesday. “We are both delighted and honored to have been appointed to handle the management and leasing of the World Trade Center building on behalf of the new ownersh[...]
HII taps Northrop Grumman exec as new VP
Huntington Ingalls Industries announced Wednesday it has hired Mike Aldinger as vice president of the live, virtual, constructive (LVC) training solutions department in its technical solutions division. Aldinger joins Newport News-based HII after 22 years at Northrop Grumman Mission Systems. HII is the United States’ large[...]
Va. Beach’s Pembroke Mall to add apartments, senior living and hotel
Pembroke Mall in Virginia Beach is getting a $200 million makeover. The aging mall’s developers, Pembroke Square Associates, announced plans Monday for a series of updates to the 54-acre mall near the city’s Town Center area. “The mall industry is changing,” said Ramsay Smith, president of Pembroke Realty[...]
Prince George County administrator headed to King William County
Prince George County Administrator Percy C. Ashcraft is leaving to take the same role in King William County, county board chairman Floyd Brown Jr. announced Monday. Ashcraft’s last day in Prince George will be Dec. 3 and he will start in his next role on Dec. 6. “As chairman, I am saddened by his announcement, […]
Va. expands Elizabeth River Tunnels toll relief program
The commonwealth of Virginia and Elizabeth River Crossings OpCo LLC have partnered to expand the Toll Relief Program, Gov. Ralph Northam announced Monday. Elizabeth River Crossings, partly owned by Spanish company Abertis Infraestructuras S.A, owns Elizabeth River Tunnels, and the program, which was established in 2016, will red[...]
Norfolk townhome community sells for $77M
Crown Point Townhomes, a 480-unit apartment community in Norfolk, has sold for $77 million, Berkadia announced Monday. Bush Cos. sold the property, at 5371 Wyngate Drive, to a New Jersey-based buyer. The garden-style, multifamily property has two-, three- and four-bedroom floor plans and is located near Military Circle Mall. David Hudgins of Berkadia Newport News […]
New luxury apartments coming to downtown Norfolk
With $56.2 million in financing in place, Marathon Development Group’s Frank “Buddy” Gadams is ready to start work on “Gravity 400 Apartments,” in downtown Norfolk, Berkadia Commercial Mortgage LLC and Breeden Construction announced. Located at 400 Waterside Drive, the 273-unit high-rise apartment tower wil[...]
Rush Street Gaming announces Portsmouth casino general manager
Chicago-based developer and gaming operator Rush Street Gaming announced Monday that it has named Roy Corby as the general manager for the upcoming $300 million Rivers Casino Portsmouth. “We’re excited to expand our Rivers Casino family of market-leading destination casinos and to help launch Virginia’s new casino industry[...]
Operation Next expands to Hampton Roads
Operation Next, a federally backed advanced manufacturing workforce development program for military veterans and their spouses, has expanded to Hampton Roads. The Maritime Base Industrial Ecosystem (MIBE) will recruit service members and their spouses to enroll in the program and will guide them to attain portable and nationall[...]
