Virginia Businesses in the News


Real Estate

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For the Record is compiled from company releases, business journals and newspaper reports from around the state. If you have an item for these listings: • Mail it to: For the Record Virginia Business Magazine P.O. Box 85333 Richmond, VA 23293 • E-mail it to ForTheRecord@va-business.com • Fax it to (804) 649-6311

DCF-2, a real estate partnership based in Raleigh, N.C., plans to purchase the historic Chamberlin Hotel at Fort Monroe in Hampton from Old Point Comfort Hotel of Hampton Roads for approximately $4.2 million and convert it into a retirement residence for retired military personnel. (The Virginian-Pilot)

Newport News Inc. (The Spiegel Group), a women's fashions maker based in Hampton, retained Keen Realty of Winter Springs, Fla., and CB Richard Ellis, a commercial real estate firm with operations in McLean, to sell a 380,000-square-foot distribution center in Newport News and 46 acres of land in Hampton. (Business Wire)

Sunrise Senior Living Inc. of McLean, a provider of senior living services, announced the completion of sale/long-term manage back transactions for 21 consolidated communities valued at approximately $252 million. (PR Newswire)

Sunrise Senior Living Inc., a McLean provider of senior living services, closed on a previously announced commitment from a syndicate of banks for a $200 million corporate credit facility. (PR Newswire)

Sunrise Senior Living Inc., a senior living services provider headquartered in McLean, entered into an agreement with CNL Retirement Properties Inc., to develop six senior living communities in the United States. (PR Newswire)

Virginia Square Plaza, a premier office building in Arlington was sold to Principal Financial Group, a global financial institution headquartered in Des Moines, Iowa, for $51.8 million. (Business Wire)