Richmond-Hampton Roads
On the Market: 4 Interesting Listings for the Week of 10/8
This week’s listings include a value-add opportunity north of NYC and a 1900-built, recently renovated community in a busy Richmond, Va., neighborhood.
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.
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.
VA Community Trades for $47M
Hivernan Realty Group acquired Aden Park & Glenway Green, a 538-unit value-add asset in Richmond, from Dominion Associates.
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.
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.
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.
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.
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.
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.