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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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Hilton Garden Inn Debuts on Virginia Beach Boardwalk

Hilton Garden Inn Debuts on Virginia Beach Boardwalk

Virginia Beach is home to a new hotel. With the opening of the Hilton Garden Inn Virginia Beach Oceanfront, Hilton Worldwide has added another property to its growing portfolio of more than 580 hotels throughout the world.…

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City of Norfolk, Gold Key | PHR Launch $126M Hotel/Conference Center Project

City of Norfolk, Gold Key | PHR Launch $126M Hotel/Conference Center Project

The City of Norfolk and Gold Key | PHR Hotels & Resorts started work last month on a $126 million public/private initiative expected to transform the corner of Main and Granby Streets. Called The Main, the project is scheduled to open in downtown Norfolk in 2017. The new facility will…

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Construction Starts on Next Phase of Shoppes at Reynolds Crossing; Walmart Anchor Opens

Construction Starts on Next Phase of Shoppes at Reynolds Crossing; Walmart Anchor Opens

Reynolds Development broke ground in mid-May on the newest phase of development at The Shoppes at Reynolds Crossing, near the intersection of Glenside Avenue and Forest Avenue, in Richmond. The project calls for the construction of a new retail building. It is scheduled to open in the first quarter of…

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ViCU Plans June Groundbreaking for Arts Center; Name to Honor Markel Corp. Gift

ViCU Plans June Groundbreaking for Arts Center; Name to Honor Markel Corp. Gift

Virginia Commonwealth University will break ground this June on the Institute for Contemporary Art (ICA). The new center will be a combination exhibition and performance space. It will include a laboratory and incubator for the presentation of visual art, theater, music, dance and film, helping to complement and enhance the…

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Franklin Johnston Brings 2 Affordable Housing Communities to Norfolk

Franklin Johnston Brings 2 Affordable Housing Communities to Norfolk

The Virginia Beach-based Franklin Johnston Group (FJG) is working hard to bring two new affordable living communities to Norfolk. Together, the two projects call for the construction of over 450 units.…

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New Owners for Richmond’s 110-Year-Old Mutual Building, Maritime Square Building in Newport News

New Owners for Richmond’s 110-Year-Old Mutual Building, Maritime Square Building in Newport News

One of Richmond’s first high-rise office buildings has recently changed hands. Parmenter Realty Partners has sold the Mutual Building to 909 Main, LLC, an entity associated with Shamin Hotels, for $3,275,000.…

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Redskins’ New Training Complex Wins Award for Project of the Year

Redskins’ New Training Complex Wins Award for Project of the Year

With a 3-13 record, 2013 has been a disastrous season for the Washington Redskins, the worst since 1994. However, the team did manage to bring home an award. The Bon Secours Washington Redskins Training Center was recently named real estate Project of the Year, at the 13th annual real estate…

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Armada Hoffler to Redevelop Williamsburg Outlet Mall

Armada Hoffler to Redevelop Williamsburg Outlet Mall

Armada Hoffler Properties, Inc., a publicly traded real estate investment trust based in Virginia Beach, has announced last week the newest project in its next generation development pipeline. The company has formed a joint venture with Vistacor LLC. Together they will develop a grocery-anchored shopping center in Williamsburg, Virginia. Armada…

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