Chantilly-based Long & Foster Real Estate released a report Thursday showing that median home sale prices rose, but home inventory dropped in most of Northern Virginia in February. The Long & Foster Real Estate Market Minute Report studied trends in Alexandria, Arlington, Fairfax County, Loudoun County and Prince William County. Prince William County showed a
Transactions have been paused, but long-term development plans carry on
Faced with the coronavirus pandemic, Virginia-based commercial real estate firms say they’re pausing transactions in the short term, but are still moving forward with long-term development plans. The firms are also turning their focus toward supporting tenants and landlords through financial difficulties caused by the crisis. “What our clients and owners need more than anything
Five-story building on West Clay Street will have 80 apartments.
Capital Square Realty Advisors LLC, a Henrico County-based real estate investment and management company, announced Monday that it has raised $7 million from investors for a five-story, 80-unit apartment building in the city’s popular Scott’s Addition neighborhood. Scott’s Collection I, which will be located on a 0.54-acre lot at the corner of 3000-3008 W. Clay
Amazon HQ2 landlord and developer's project at nearby 1900 Crystal Drive will include 811 residential units and retail.
Bethesda, Maryland-based developer JBG Smith Properties has secured the final permissions from Arlington County for two, 300-foot-tall apartment towers in Crystal City near where the real estate company is developing and leasing space for Amazon.com Inc.’s $2.5 billion HQ2 East Coast headquarters. The mixed-use development at 1900 Crystal Drive will include 811 apartments and 40,000
Tenants include Food Lion and Carilion Clinic.
Botetourt County shopping center Orchard Marketplace has sold for $8 million, Cushman & Wakefield | Thalhimer’s Capital Markets Group announced Tuesday. Club Forest Guardian LLC purchased the 46,552-square-foot property from Orchard Anchor LLC and New Orchard Marketplace LLC on March 10. The property was 100% leased at the time of the sale to Food Lion
CA Ventures paid $3.75 million for parcel owned by Richmond's Temple Beth El synagogue.
A Chicago developer has purchased a 5.3-acre plot of land in Henrico County for $3.75 million from Temple Beth El synagogue in Richmond. The land will be developed into a senior living facility. CA Ventures’ CA Senior Living division will be building a senior living facility, featuring assisted and independent living options and memory care,
Lexington House is a section 8 affordable housing community.
Denver-based real estate company Steele Properties LLC has acquired a three-story, 78-unit apartment building in Lexington for $12.2 million. It plans to begin renovating the complex in May, Steele Properties Communications Manager Lynn Haner says. The community, Lexington House, is reserved for seniors and disabled persons in need of Section 8 affordable housing. Steele Properties
Legislators allow casino gaming in five cities, pending November referendums
A bill allowing commercial casinos in five cities is expected to be signed by Gov. Ralph Northam after it passed the Virginia General Assembly on Sunday by a 60-35 vote in the House of Delegates, a day after the state Senate passed the bill 27-12. HB4 authorizes casino gaming in Portsmouth, Richmond, Norfolk, Danville and
Megan Sullivan has been with the firm since January 2019.
Real estate company Colliers International promoted Megan Sullivan to assistant vice president at its Richmond office, the company announced Thursday. Sullivan began her commercial real estate career in July 2015 and specializes in sales and leasing for office and medical office buildings. She came to Colliers in January 2019, and before that was a senior associate
Divaris Real Estate handled the sale.
Reston-based Stanley Martin Cos. LLC has purchased a 1.16-acre parking lot at 1027 N. Lombardy St. in Richmond from Sylvia Place Properties LLC for $3.9 million, Virginia Beach-based Divaris Real Estate Inc. announced Wednesday. Read Goode and Cheryle Toy represented Stanley Martin in the transaction. Stanley Martin also has 2.25 acres of adjacent property under