Home » Cities »  (Page 4)

Richmond-Hampton Roads


Zirpoli/Perrine Plans $40M Mixed-Use Project on Ocean View Ave.

Zirpoli/Perrine Plans $40M Mixed-Use Project on Ocean View Ave.

A new mixed-use project will bring up to 280 apartments and retail space to the city of Norfolk. On Tuesday, March 18, the City Council approved the sale of 5.737 acres of land at 719 E. Ocean View Avenue to Robert Zirpoli’s Ocean View Properties Inc. The price of the…

Continue reading →

Strategic Storage Trust Pays $6.7M for Hampton Self-Storage Facility

Strategic Storage Trust Pays $6.7M for Hampton Self-Storage Facility

A self-storage facility located in Hampton, Va. has recently changed hands. Strategic Storage Trust, Inc. (SSTI) has paid approximately $6.7 million for the property at 1343 Big Bethel Road. It is the publicly registered non-traded REIT’s second acquisition in the area.…

Continue reading →

Richmond’s Short Pump Submarket Gears Up for Robust 2014

Richmond’s Short Pump Submarket Gears Up for Robust 2014

Cushman & Wakefield | Thalhimer projects that 2014 will be a good year for the Richmond retail market. As retailers and restaurants plan to grow and expand, a trend that started in 2013 and is expected to continue in 2014, the market will see stepped-up activity. It ended 2013 with…

Continue reading →

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.…

Continue reading →

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…

Continue reading →

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.…

Continue reading →

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…

Continue reading →

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.…

Continue reading →

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.…

Continue reading →

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.…

Continue reading →

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.…

Continue reading →

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.…

Continue reading →