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Adler Group Taps JLL to Lease Norfolk’s Interstate Corporate Center

Adler Group Taps JLL to Lease Norfolk’s Interstate Corporate Center

Norfolk’s massive, 17-building Interstate Corporate Center is looking for new tenants. Miami-based Adler Group, the owner of the property, has recently selected Jones Lang LaSalle’s Hampton Roads to lease the campus-style office park.…

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Edge Development Eyes Southside Richmond Site for Residential Project

Edge Development Eyes Southside Richmond Site for Residential Project

More apartments and single-family homes are coming to Richmond. Edge Development Partners plans to turn an underutilized 55-acre site, located at 6508 Jahnke Road and known as the Bliley Property, into 377 new residences.…

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Highwoods Sells 11 Office Buildings for $40.7M

Highwoods Sells 11 Office Buildings for $40.7M

Highwoods Properties sold eleven of its Henrico County office properties last month in two separate transactions to two different buyers. The total sales price was $40.7 million.…

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InTown Suites Buys 4 Properties in Hampton Roads

InTown Suites Buys 4 Properties in Hampton Roads

InTown Suites Extended Stay Living is expanding its presence in the Hampton Roads area. The Atlanta-based company has recently purchased four extended-stay properties in the region.…

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Armada Hoffler To Buy Dimmock Square Retail Center in Colonial Heights

Armada Hoffler To Buy Dimmock Square Retail Center in Colonial Heights

By Adrian Maties, Associate Editor Armada Hoffler Properties Inc. is looking to add another retail power center to its portfolio. On  Monday, Aug. 4, the diversified Virginia Beach-based company announced that it is under contract to buy Dimmock Square Shopping Center in Colonial Heights. The deal is expected to close…

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StyleCraft Plans 95-Home Neighborhood in Richmond

StyleCraft Plans 95-Home Neighborhood in Richmond

StyleCraft Homes is planning to build a new neighborhood in Richmond. The home builder announced on Friday, July 25, it will start work in the following months on a new community of villa style homes at Huguenot and Old Gun Roads.…

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Franklin Johnston’s Luxury M-F Project in Virginia Beach Takes Big Step Forward

Franklin Johnston’s Luxury M-F Project in Virginia Beach Takes Big Step Forward

Virginia Beach City Council has unanimously approved the rezoning of a 16-acre tract of land earlier this month. The site is located in the Princess Anne Commons area and will now be used for the development of a luxury apartment community.…

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JLL Tapped to Market 870,000 SF International Industrial Center in Virginia Beach

JLL Tapped to Market 870,000 SF International Industrial Center in Virginia Beach

One of the largest high-quality industrial complex in the Mid-Atlantic Region is now on the market. Virginia Beach-based STIHL Inc. has recently retained the Hampton Roads office of Jones Lang LaSalle to sell or lease The International Industrial Center (The IIC).…

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Marketplace at Tech Center in Newport News Hits 70% Pre-Leased Mark

Marketplace at Tech Center in Newport News Hits 70% Pre-Leased Mark

Marketplace at Tech Center is the retail component of the $250 million Tech Center at Oyster Point mixed-use development, in the heart of Newport News. Although work on the project only started this march, the center is already 70% preleased. Divaris Real Estate, Inc., a Virginia Beach company hired to…

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Chinese Company Plans $2B Pulp and Paper Plant in Chesterfield County

Chinese Company Plans $2B Pulp and Paper Plant in Chesterfield County

The state of Virginia is celebrating its latest economic development win. Shandong Tranlin Paper Co., Ltd., a Chinese pulp and paper company, will invest $2 billion over five years to build its first advanced manufacturing operation in Chesterfield County and create 2,000 new jobs by 2020. Governor Terry McAuliffe announced…

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Liberty Property Trust Starts $8.3M Distribution Facility at Eastport Business Center

Liberty Property Trust Starts $8.3M Distribution Facility at Eastport Business Center

Richmond’s industrial market continues to improve into 2014. As vacancies keep dropping and rents keep rising to new highs, the time is right for speculative development. And Liberty Property Trust is doing just that.…

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Lingerfelt CommonWealth Buys Richmond Marriott West; Cavalier Hotel Joins National Register of Historic Places

Lingerfelt CommonWealth Buys Richmond Marriott West; Cavalier Hotel Joins National Register of Historic Places

It’s been busy month so far for the Virginia hotel market, with the City of Norfolk and Gold Key | PHR Hotels & Resorts recently starting work on a $126 million hotel/conference center project, and with the opening of the new Hilton Garden Inn Virginia Beach Oceanfront. Now, the spotlight…

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