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Suntex Buys Portsmouth’s Tidewater Yacht Marina

Suntex Buys Portsmouth’s Tidewater Yacht Marina

Suntex Ventures LLC, a real estate investment and marina operations company, has recently purchased its second marina property in the Hampton Roads area. After acquiring the the 325-slip York River Yacht Haven in Gloucester Point last year, the Dallas-based company bought Portsmouth’s Tidewater Yacht Marina.…

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USM Unveils $200M Arena Plan for Virginia Beach

USM Unveils $200M Arena Plan for Virginia Beach

By the end of 2016, Virginia Beach could be home to a new, 18,000-seat multi-purpose entertainment and sports arena, able to host major concerts, sports tournaments, circuses, ice shows, monster truck rallies and many other events. But that’s only if the city accepts a conceptual proposal submitted on Monday, February…

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Frontier Financial Buys Chesapeake M-F Complex from Property Capital

Frontier Financial Buys Chesapeake M-F Complex from Property Capital

A Chesapeake apartment complex now has a new owner. Property Capital Group has sold the Marina Point Apartments to an affiliate of Frontier Financial. The price of the transaction was not disclosed. CBRE Hampton Roads, an affiliate office of CBRE Inc., marketed the property.…

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Coastal Equities Buys Newport News Retail Center from Harbor Group for $12.9M

Coastal Equities Buys Newport News Retail Center from Harbor Group for $12.9M

A recently renovated shopping center in Hampton Roads has changed hands at the end of January. The Bethesda, Md.-based Greysteel Company has arranged the sale of the Newport Crossing Shopping Center to Coastal Equities Real Estate, a real estate company specializing in investment, development, syndication opportunities and management of retail…

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Lingerfelt to Develop $20M Medical Facility in Mechanicsville

Lingerfelt to Develop $20M Medical Facility in Mechanicsville

OrthoVirginia and Bon Secours Richmond Health System announced last week they will soon start work on a new medical facility in Hanover County, on the Bon Secours Memorial Regional Medical Center campus. The new facility will offer orthopedics and sports medicine treatment and rehabilitation services.…

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Cushman & Wakefield | Thalhimer Starts Year With 3 Residential Deals

Cushman & Wakefield | Thalhimer Starts Year With 3 Residential Deals

Cushman & Wakefield | Thalhimer has entered the New Year at full throttle. The commercial real estate services firm was involved in three different transactions on the Richmond residential market.…

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Rouse to Buy Chesterfield Towne Center From Macerich as Part of $293M Deal

Rouse to Buy Chesterfield Towne Center From Macerich as Part of $293M Deal

December is Gifts Month, and one Richmond-area shopping center is getting ready to receive a very special present: a new owner. The Chesterfield Towne Center is part of a $292.5 million deal between Santa Monica, California-based Macerich and Rouse Properties of New York City.…

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Oceaneering International Plans Move to New 154,000-SF Chesapeake Facility

Oceaneering International Plans Move to New 154,000-SF Chesapeake Facility

Good news for the city of Chesapeake. One of the area’s major employers has announced its plans to remain in the area and expand in a new location, creating approximately 70 new jobs in the process and retaining over 460.…

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Hunt, TCG Tapped for Portsmouth Affordable Housing Project

Hunt, TCG Tapped for Portsmouth Affordable Housing Project

The Portsmouth Redevelopment and Housing Authority has selected the Hunt Companies, Inc. and TCG Development Advisors, LLC for the redevelopment of the low-income housing neighborhood of Lincoln Park, in the City of Portsmouth, Virginia.…

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Shamin Hotels Buys 700 Building for $7M; Plans to Plant 2 Hilton Flags

Shamin Hotels Buys 700 Building for $7M; Plans to Plant 2 Hilton Flags

By Adrian Maties, Associate Editor The 18-story office building at 700 East Main St. in Richmond’s central business district has experienced hard times in recent years, but it about to get a new lease on life. Shamin Hotels, the Richmond region’s largest hospitality operator, has acquired the 181,000-square-foot building for…

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Shamin Hotels Buys 700 Building for $7M, Plans to Plant 2 Hilton Flags

Shamin Hotels Buys 700 Building for $7M,  Plans to Plant 2 Hilton Flags

The 18-story office building at 700 East Main Street in Richmond’s Central Business District failed to lease any space to new tenants in recent years but it seems it is about to get a new lease on life. The property was sold to Shamin Hotels, the Richmond region's largest hotel…

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VCU Plans March Kickoff for $51M Library Upgrade, Expansion

VCU Plans March Kickoff for $51M Library Upgrade, Expansion

Virginia Commonwealth University’s James Branch Cabell Library is getting a makeover. A $50.8 million construction project will renovate and expand the more than 40-year-old library on the Monroe Park Campus. Work will start next March and is expected to be completed in September 2015.…

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