Multifamily news in Richmond
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Drucker + Falk Buys 396-Unit Hampton Roads Asset
Federal Capital Partners sold the Newport News community for $46.7 million after a 7-year holding period. The new owner is planning on implementing several upgrades.
10 October 2018 14:58 -
CPDC Breaks Ground on VA Mixed-Income Development
The community in Richmond's Jackson Ward neighborhood will comprise two buildings, one for low-income seniors and the other dedicated to workforce housing.
27 September 2018 17:14 -
VA Community Trades for $47M
Hivernan Realty Group acquired Aden Park & Glenway Green, a 538-unit value-add asset in Richmond, from Dominion Associates.
24 September 2018 13:21 -
On the Market: 5 Interesting Listings for the Week of 9/17
This week's roundup includes a luxury high-rise in the heart of Miami, a student housing opportunity in Baltimore and an adaptive-reuse property in the Richmond area, among others.
21 September 2018 17:23 -
Walker & Dunlop Earmarks $70M for Southeast Portfolio
The company arranged the funding for Capital Square 1031’s purchase of two properties in Virginia and one in Georgia.
20 September 2018 17:52 -
On the Market: 4 Interesting Listings for the Week of 9/10
This week's listings include a box factory that was remodeled into multifamily in 2017, located in Richmond's Manchester neighborhood, as well as a property in Albuquerque that presents a unique opportunity.
14 September 2018 16:15 -
Brick Lane Expands Richmond Presence With $25M Buy
BAF Associates sold the 348-unit Falling Creek Apartments, and HFF secured joint venture equity and debt financing.
29 August 2018 15:02 -
Luxury Rentals Take a Hit in Richmond
As the majority of new stock is upscale, the metro’s multifamily rent growth decelerated in the first few months of 2018, falling behind the national average.
16 August 2018 14:12 -
Campus Apartments Snags VA Property for $31M
The Collection Midtown in Richmond includes 20 buildings and 219 units. This acquisition is the company's third in the area.
03 August 2018 16:10 -
On the Market: 5 Interesting Listings for the Week of 7/30
This week's selection includes a vintage community in Newport News, Va.; a new luxury development in Brooklyn; and more.
03 August 2018 13:34 -
Historic Richmond High-Rise Sells for $39M
Built in 1913, the 19-story First National Bank building was the city's tallest tower at that time. In 2012, its owner converted the property into a 154-unit community.
05 July 2018 16:24 -
Value-Add Virginia Beach Property Trades for $52M
Seminole Trail Properties has purchased Mariner’s Cove, a 458-unit garden-style community situated within walking distance of two shopping centers.
18 June 2018 13:42 -
Thalhimer Begins Next Phase of Richmond Adaptive Reuse Project
The company acquired the 18-acre lot in 2013. City View Marketplace is set to include 161 units and 13,270 square feet of commercial space.
13 June 2018 06:33 -
Hampton Roads Community Trades for $30M
Robinson Development Group sold the 183-unit property located in Chesapeake, Va. Built in two stages, Cottage Trails at Culpepper Landing came online in 2015.
12 June 2018 13:10 -
On the Market: 5 Interesting Listings for the Week of 4/30
This week's listings include a newly renovated age-restricted community in Vegas and a turnkey asset in central Richmond, Va.
04 May 2018 15:39