CBRE
LF Jennings
News | Opinion | Reports | Companies | Regions | Calendar | Lists | Current Issue

Falls Church office building sells for $87.5M

The 284,333-square-foot property is 98% leased, with tenants including General Dynamics Information Technology, Capital Caring Health, Sheet Metal Workers’ National Pension Fund and Balfour Beatty.

Williamsburg apartment complex sells for $46.5M

Located at 100 Whitworth Way, Elan-Williamsburg is a 198-unit apartment complex in Colonial Williamsburg.

NoVa housing market continues upward trend in September

Northern Virginia Realtors saw a 58% increase, or nearly $1.5 billion, in the amount of real estate sold in September compared to the same time period last year, according to the Northern Virginia Association of Realtors.

Virginia Realtors turns 100

This month, Virginia Realtors will be 100 years old, marking its anniversary as a centenarian while the residential real estate market in Virginia continues to climb despite the pandemic.

People

Virginia Realtors names senior VP, community, industry relations

Virginia Realtors announced Tuesday it has hired Leslie J. Frazier as senior vice president of community and industry relations.

Breeden Realty VP joins CREW Network Foundation board

Virginia Beach-based real estate developer The Breeden Co. announced Tuesday that Brenda Karp, Breeden Realty vice president, was appointed to the Commercial Real Estate Women (CREW) Network Foundation board of directors.

Riverside Logistics

OTHER REAL ESTATE STORIES FROM AROUND THE STATE ...

Northern Virginia

Virginia Tech campus, Potomac Yard development earn approval in Alexandria

Washington Business Journal

Developers JBG Smith Properties and Lionstone Investment have reenvisioned the entire district and brought it through the city's planning process in a little over a year after they earned the university's $1 billion computer science-focused campus after it exited a nearby site.

Major national nonprofit seeks to sublease its entire Crystal City headquarters

Washington Business Journal

The American Diabetes Association isn't planning a return to the Crystal City headquarters it left Alexandria for a few years back, not even when a COVID-19 vaccine is readily available and it's safe to go back to the office again.

Fairfax Peak, the proposed indoor 'snow sports facility,' faces pushback over environmental concerns

Washington Business Journal

The Fairfax County board on Oct. 6 unanimously authorized the county executive to craft an interim agreement with developer Alpine-X LLC, which will allow the company to continue its due diligence work on the county-owned site through Dec. 31, 2021.

Construction firm looks to move its regional office out of Tysons

Washington Business Journal

Halmar International, a civil construction firm, is relocating its regional office from Tysons to downtown Baltimore in 2020.

Second parking garage opens in downtown Fredericksburg

The Free Lance-Star

The garage is owned by The Vakos Cos., which is developing Winchester Place, a 34-unit apartment building with 3,500 square feet of commercial space that will face Amelia Street on the same block.

Central Virginia

Henrico-based hotel operator opens two properties in the Richmond region; other area projects delayed

Richmond Times-Dispatch

Henrico-based KM Hotels has opened two new hotels in the Richmond region in recent months.

Henrico arena will have slightly new look

Henrico Citizen

The indoor arena and convocation center Henrico County and The Rebkee Co. are planning at the current site of Virginia Center Commons will include 12 basketball courts, convertible to 24 volleyball courts – and allow for a possible future expansion.

RRHA board reaffirms plans to demolish and redevelop Richmond's public housing communities

Richmond Times-Dispatch

Over the past decade, city leaders have promised to transform the complexes, known for substandard conditions, into mixed-income neighborhoods, with subsidized apartments interspersed with market-rate rentals and homes for sale.

Council eyes final steps in support of major public housing redevelopment

The Daily Progress

Charlottesville City Council is ready to take the final steps to support massive redevelopments of the city’s public housing stock.

Altavista scores $184K grant to secure downtown coworking space

The News & Advance

With the recent approval of several grants, the town of Altavista is poised to begin work on an innovation center and coworking space meant to breathe new life into an old fire station that sits empty beside town hall.

Plans for Crozet Park expansion taking shape

The Daily Progress

The proposal includes a community recreation facility, which includes exercise areas, sport courts, community meeting space and a pool expansion.

Renovations underway at the Free Clinic in downtown Lynchburg

The News & Advance

Plans for renovating the clinic started with the health care nonprofit’s 2015 strategic plan, according to CEO Christina Delzingaro, but the Free Clinic held off on fundraising while the Community Health Center was being built on 5th Street.

Eastern Virginia

Virginia Beach plans makeover for the resort area before next summer

The Virginian-Pilot

A multi-million dollar overhaul of the Oceanfront resort area will launch in the coming months, with some major changes to be in place before next summer’s tourist season.

Franklin Johnston Group to build senior apartments in Pembroke area of Virginia Beach

Inside Business

The Virginia Beach-based multifamily development and property management company plans to break ground in the summer on a 150-unit senior apartment complex at 3808 Virginia Beach Blvd.

New Virginia Beach surf park map reveals where the venue will land

The Virginian-Pilot

The surf park will encompass most of the land on the south side of 19th Street between Pacific and Arctic avenues, which is currently a municipal parking lot.

Norfolk waterfront retirement community plans 2021 opening

Inside Business

A four-story retirement apartment building that’s under construction at Little Creek Marina in Norfolk plans to open next summer, according to the firm marketing the property.

Construction begins on new event venue in James City County

Williamsburg-Yorktown Daily

The Maine of Williamsburg will be 9,000 square feet of indoor space on a 20-acre parcel, which is part of a working a farm totaling more than 100 acres in the county.

Southwest Virginia

Blacksburg parking garage project to begin soon

The Roanoke Times

The Town Council has approved the additional $700,000 needed to begin construction on a $9.8 million parking garage on the site of the old Blacksburg Middle School.

Coalition of churches pays for billboards against proposed casino

Bristol Herald Courier

On Nov. 3, Bristol, Virginia voters will decide through a referendum whether the city will allow the proposed $400 million Hard Rock Hotel and Casino resort to come to the vacant Bristol Mall.

Norton tries again for Southside project funding

The Coalfield Progress

In March, the city agreed to apply for $1.5 million in community development block grant dollars. The proposal included rehabilitation or substantial reconstruction of up to 14 homes, along with demolition of up to nine structures.

Southern Virginia

Study shows Martinsville area in dire need of more housing

Martinsville Bulletin

A new study shows that Martinsville and Henry County, already losing population based on age, is on the brink of housing shortage.

IDA hits snag with budget, Daystrom site

SoVaNow.com

The Halifax County Industrial Development Authority says there are potentially serious environmental issues with the renovated Daystrom facility, renamed the Southern Virginia Advanced Manufacturing Center.

Shenandoah

EDA OKs storage lease for Baugh Drive building

The Northern Virginia Daily

The Front Royal-Warren County Economic Development Authority approved a short-term storage lease with ECOMNET to rent the space for three months with the option to go month-to-month.

Council agrees to retirement community's expansion

The Winchester Star

Winchester City Council has approved a rezoning that clears the way for a major expansion of the Shenandoah Valley Westminster-Canterbury retirement community.


FOLLOW VIRGINIA BUSINESS ON SOCIAL MEDIA

Stay up-to-date with the latest business news by following Virginia Business on Facebook, Twitter and Instagram!









Follow @VirginiaBiz Reach Out
Send us news tips
Contact Us
Advertise
Subscribe to magazine
Thalhimer

Vandeventer Black










Special Reports
Fantastic 50
Legal Elite

Special Features
Site Locator Guide
Meeting Planner
The Big Book

1207 East Main Street, Suite 100, Richmond, Va. 23219
Phone: 804-225-9262 | Fax: -804-225-0028
Copyright © 2012. Virginia Business Magazine. All rights reserved
Unsubscribe
Forward to a friend