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HDL Launches 95 KSF Phase 2 of HQ Expansion in Richmond

HDL Launches 95 KSF Phase 2 of HQ Expansion in Richmond

Health Diagnostic Laboratory, Inc. (HDL), one of the nation's fastest-growing companies, started construction this week on Phase II of its headquarters expansion project in Richmond’s Virginia BioTechnology Research Park. Phase I of the project was completed in February.…

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Patricio Enterprises Leases 427,000 SF; Virginia Beach Properties Hit the Market

Patricio Enterprises Leases 427,000 SF; Virginia Beach Properties Hit the Market

Patricio Enterprises, a defense contractor based in Stafford County, has leased 427,115 square feet of industrial space at 2705 Commerce Road in Richmond from Alleghany Warehouse Company, Inc. The deal represents one of the largest industrial leases of the year. CBRE’s Richmond office brokered the transaction.…

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Armada Hoffler Kicks Off $89M Mixed-Use Tower in Virginia Beach

Armada Hoffler Kicks Off $89M Mixed-Use Tower in Virginia Beach

Armada Hoffler, one of the Mid-Atlantic Region’s dominant, full-service real estate and construction organizations, broke ground last week on the new 794,000 square foot Main Street Tower, in Virginia Beach. The groundbreaking ceremony featured Virginia Governor Robert F. McDonnell and Virginia Beach Mayor Will Sessoms. Tom Winborne, CEO of Clark…

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Gold Key/PHR, Norfolk Strike Deal for $126M Hotel, Convention Center Complex

Gold Key/PHR, Norfolk Strike Deal for $126M Hotel, Convention Center Complex

The city of Norfolk has announced last Friday it has reached an agreement with Gold Key/PHR Hotels & Resorts to build a new hotel, conference center and parking facility downtown. The total cost of the project is estimated at $126 million.…

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Redskins Moving to $10M Richmond Training Center in July

Redskins Moving to $10M Richmond Training Center in July

The Washington Redskins will change their summer training camp this year. The NFL team will move from Ashburn to a new, state-of-the-art facility in Richmond.…

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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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