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Monument Buys Richmond M-F Property

Monument Buys Richmond M-F Property

Interest in Virginia multifamily properties continues to stay strong. In the past few months, investors have acquired several apartment communities all over the state. The latest transaction took place in the healty Richmond market.…

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Value Place Opens Virginia Property No. 8

Value Place Opens Virginia Property No. 8

Value Place, the nation’s largest economy extended-stay hotel brand, has announced earlier this month the opening of a new hotel in Virginia Beach. The newly-constructed property is the brand’s eighth hotel in the state of Virginia. Other locations include Chesapeake, Richmond, Gainesville, or Manassas.…

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Affordable Housing Project Advances in Chesapeake

Affordable Housing Project Advances in Chesapeake

More affordable housing is coming to Chesapeake. The Virginian-Pilot reports that the Chesapeake City Council voted unanimously last week to approve $13.5 million in tax-exempt revenue bonds from the Chesapeake Redevelopment and Housing Authority, for the Catalina Crossing affordable housing development.…

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New Clay House to Get $12M Makeover

New Clay House to Get $12M Makeover

Richmond’s New Clay House is about to get a makeover. On Monday, February 23, the Richmond City Council and Planning Commission approved a project that will renovate and expand the permanent housing facility for the homeless.…

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Indoor Skydiving Lands in Virginia Beach

Indoor Skydiving Lands in Virginia Beach

The state of Virginia now has its very own vertical wind tunnel. iFLY Va Beach Indoor Skydiving opened last week, bringing the most advanced wind tunnel technology in the world to Virginia Beach.…

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Verris Capital, Next Realty Grab Neighboring Retail Assets

Verris Capital, Next Realty Grab Neighboring Retail Assets

Last week I wrote about the sale of Richmond’s Regency Square Mall to Thalhimer Realty Partners Inc. and the Rebkee Co. Now, news has surfaced that another retail property in the area has recently changed hands.…

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Thalhimer Realty, Rebkee Eye Makeover for Aging Richmond Mall

Thalhimer Realty, Rebkee Eye Makeover for Aging Richmond Mall

Thalhimer Realty Partners Inc. has teamed up with The Rebkee Company to acquire one of Richmond’s most important commercial retail properties, the Regency Square Mall. The new owners now plan to renovate the mall.…

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Breeden Launches Robust 2015 Pipeline with 2 Projects

Breeden Launches Robust 2015 Pipeline with 2 Projects

The Breeden Company has started work this month on two new apartment developments in the Hampton Roads area. The two projects represent a total investment of $55 million and will deliver almost 300 new apartments to the region.…

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Core/Bainbridge JV Buys Virginia Beach Apartment Complex

Core/Bainbridge JV Buys Virginia Beach Apartment Complex

The Woodshire Apartments in Virginia Beach is now under new ownership. Core Real Estate Capital has purchased the apartment community in partnership with the Bainbridge Companies, at the end of 2014. The price of the transaction was not disclosed.…

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Harbor Group Taps CBRE to Lease Downtown Norfolk Tower

Harbor Group Taps CBRE to Lease Downtown Norfolk Tower

The Harbor Group Management Company is looking to add new tenants to its office building at 555 East Main Street in Norfolk. The company has recently hired CBRE|Hampton as the exclusive leasing agent for the property.…

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Thalhimer Pays $34M for Chesapeake M-F Complex

Thalhimer Pays $34M for Chesapeake M-F Complex

The Birches apartment community in Chesapeake stepped into the New Year with a new owner. Harbor Group International sold the property last month, for $34.4 million.…

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S.L. Nusbaum Buys Virginia Beach Multifamily Asset for $24.7M

S.L. Nusbaum Buys Virginia Beach Multifamily Asset for $24.7M

A Virginia Beach apartment community changed hands this month in a $24.7 million transaction. Harbor Group International sold the Bancroft Hall Apartments to S.L. Nusbaum.…

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