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Clayco Details Plan for $110M Richmond Office Tower

Clayco Details Plan for $110M Richmond Office Tower

Clayco has announced on January 30 a proposal to build Gateway Plaza, a new office building in the heart of Richmond’s business district. The Chicago-based national development and building firm has been active in Virginia. It recently completed Amazon’s new 1.1 million square-foot distribution center in Dinwiddie County Gateway Plaza will…

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Crosland Southeast Unveils $60M M-F Project at Stoneridge

Crosland Southeast Unveils $60M M-F Project at Stoneridge

Demand for apartments in the Richmond area is strong and getting stronger. And some developers have rushed in to meet this demand. Crosland Southeast announced on January 22 it will start construction on 600 apartments this year, on the site of the former Cloverleaf Mall in Chesterfield. The four-building complex will…

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Landmark Virginia Beach Hotel Hits the Market in Family Feud

Landmark Virginia Beach Hotel Hits the Market in Family Feud

The Cavalier Hotel, a Virginia Beach landmark, is for sale. CBRE | Hotels has been retained to market the historic hotel that was once visited by presidents and movie stars. According to Virginia Beach city records, the property is assessed at $34.25 million. However, court records show it is worth…

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Sheraton Norfolk Waterside Heads to Auction Block Dec. 20

Sheraton Norfolk Waterside Heads to Auction Block Dec. 20

The Sheraton Norfolk Waterside Hotel, one of Norfolk’s most prestigious lodgings, will be auctioned off on December 20.…

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Rolls-Royce Plans $136M Plant on Prince George Campus

Rolls-Royce Plans $136M Plant on Prince George Campus

Rolls-Royce, the global power systems company, has revealed plans to build a $136 million advanced manufacturing facility at Rolls-Royce Crosspointe in Prince George County.…

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Furniture Mart Leaves Lynnhaven, Takes 40 KSF at Regency Hilltop

Furniture Mart Leaves Lynnhaven, Takes 40 KSF at Regency Hilltop

Furniture Mart has leased 40,000 square feet of retail space at the Regency Hilltop Shopping Center in Virginia Beach.…

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Excel Trust Pays $161M for Retail and M-F space at West Broad Village

Excel Trust Pays $161M for Retail and M-F space at West Broad Village

In a $161 million deal, San Diego-based Excel Trust Inc. has acquired West Broad Village in Richmond. Excel also acquired five retail centers in Orlando from Unicorp National Development for a total investment of $263 million, Virginia Business reports…

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New Kroger Store Launches $250M Hampton Roads Push

New Kroger Store Launches $250M Hampton Roads Push

Kroger Co. broke ground Oct. 4 on a $25 million project in Virginia Beach that will be the grocery chain’s first Marketplace-brand store in the Hampton Roads region and the second in the state.…

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Portsmouth Judicial Center Opens Under Budget, Ahead of Schedule

Portsmouth Judicial Center Opens Under Budget, Ahead of Schedule

Portsmouth Judicial Center officially opened for business Monday after two years of construction. Completed on time and under budget, the $78 million complex brings together three major courts—Circuit, General District and Juvenile and Domestic Relations—under one roof.…

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VCU Breaks Ground on $168M Children’s Medical Pavilion

VCU Breaks Ground on $168M Children’s Medical Pavilion

Virginia Commonwealth University Health System broke ground Sept. 10 on a $168 million children's medical center in Downtown Richmond that officials say will be the largest, most advanced facility of its kind in the region. Completion is scheduled for 2015.…

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Comcast-Spectacor Unveils Proposal for $350M Arena

Comcast-Spectacor Unveils Proposal for $350M Arena

A group led by Comcast-Spectacor L.P. wants to bring a $350 million oceanfront arena to Virgina Beach.…

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DRA Buys Richmond Assets as Part of $298M M-F Deal

DRA Buys Richmond Assets as Part of $298M M-F Deal

Two West End apartment complexes have changed hands as part of the largest multi-family portfolio sale so far this year. Dominion Creekwood and Dominion West End accounted for about $80 million of a deal that closed on June 28.…

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