Richmond-Hampton Roads
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.
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.
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.
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.
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.
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.
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.
Drucker + Falk Manages $1M Renovation in Newport News, VA
Already finished renovations include a new clubhouse, overhauled swimming pool and new features to the outdoor areas. In-unit upgrades are currently underway.