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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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Cushman & Wakefield | Thalhimer Tapped to Market Philip Morris Operations Center

Cushman & Wakefield  | Thalhimer Tapped to Market Philip Morris Operations Center

The Philip Morris USA Operations Center Facility remains on the market, but with a different sales agent. Cushman & Wakefield | Thalhimer has been selected to market the property, replacing CBRE.…

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Cole Pays $81M for New Amazon Facility in Chesterfield County

Cole Pays $81M for New Amazon Facility in Chesterfield County

Amazon’s massive Chesterfield County fulfillment center opened last October, bringing over 1,000 jobs to the area. Now, after just 10 months of activity, it was acquired by an affiliate of Cole Real Estate Investments.…

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Virginia Beach M-F Assets Command $73M for Harbor Group International

Virginia Beach M-F Assets Command $73M for Harbor Group International

Harbor Group International, LLC (HGI), a private real estate investment and management firm, has sold two apartment communities in Virginia Beach in the last two months. The two properties total 730 units and were sold for a combined $72.5 million.…

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