Richmond-Hampton Roads
Crosland Southeast Unveils $60M M-F Project at Stoneridge
Demand for apartments in the Richmond area is strong and getting stronger. And some developers have rushed in to meet this demand. Crosland Southeast announced on January 22 it will start construction on 600 apartments this year, on the site of the former Cloverleaf Mall in Chesterfield. The four-building complex will…
Continue reading →Landmark Virginia Beach Hotel Hits the Market in Family Feud
The Cavalier Hotel, a Virginia Beach landmark, is for sale. CBRE | Hotels has been retained to market the historic hotel that was once visited by presidents and movie stars. According to Virginia Beach city records, the property is assessed at $34.25 million. However, court records show it is worth…
Continue reading →Sheraton Norfolk Waterside Heads to Auction Block Dec. 20
The Sheraton Norfolk Waterside Hotel, one of Norfolk’s most prestigious lodgings, will be auctioned off on December 20.…
Continue reading →Rolls-Royce Plans $136M Plant on Prince George Campus
Rolls-Royce, the global power systems company, has revealed plans to build a $136 million advanced manufacturing facility at Rolls-Royce Crosspointe in Prince George County.…
Continue reading →Furniture Mart Leaves Lynnhaven, Takes 40 KSF at Regency Hilltop
Furniture Mart has leased 40,000 square feet of retail space at the Regency Hilltop Shopping Center in Virginia Beach.…
Continue reading →Excel Trust Pays $161M for Retail and M-F space at West Broad Village
In a $161 million deal, San Diego-based Excel Trust Inc. has acquired West Broad Village in Richmond. Excel also acquired five retail centers in Orlando from Unicorp National Development for a total investment of $263 million, Virginia Business reports…
Continue reading →New Kroger Store Launches $250M Hampton Roads Push
Kroger Co. broke ground Oct. 4 on a $25 million project in Virginia Beach that will be the grocery chain’s first Marketplace-brand store in the Hampton Roads region and the second in the state.…
Continue reading →Portsmouth Judicial Center Opens Under Budget, Ahead of Schedule
Portsmouth Judicial Center officially opened for business Monday after two years of construction. Completed on time and under budget, the $78 million complex brings together three major courts—Circuit, General District and Juvenile and Domestic Relations—under one roof.…
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